Alytus, Lithuania, 2016-05-27 16:26 CEST (GLOBE NEWSWIRE) -- Snaige AB in the first quarter of this year earned EUR 438 thousand EBITDA (unaudited consolidated data ) which is 36 percent more than last year, during the same period.
According to Snaige CEO Gediminas Čeika, although the first quarter for refrigerator manufacturers and sellers is always the slowest , "off-season", better results have been achieved by the sale of more expensive and profitable products in more profitable markets.
G. Čeika does not expect any dramatic changes in the cooling sector this year. However he has concerns that some of the Turkish manufactures, which had some loss in Russian market, and Chinese manufacturers, due to weakening dollar may begin reducing their prices also in „Snaige“ markets.
Director General of Snaigė AB
Gediminas Čeika
+370 315 56206
