Revised forecasts of Vilniaus Baldai AB for 2008

The Board of Vilniaus Baldai AB confirmed revised forecast of activity results
for 2008: 

- sales - 148.6 mLTL (43.04 mEUR);

- net  loss - 0.6 mLTL (0.17 mEUR);

- EBITDA - 12.7 mLTL (3.68 mEUR).

 

The forecast was revised considering company's results for the first half of
2008, that didn't reach the expected level due to implementation of three new
products at the same time and faced difficulties of production process
arrangement. 

Moreover, the forecasted influence of Giriu Bizonas UAB changed. Revising
forecasts Giriu Bizonas UAB influence was calculated according to actual
results of the first half of 2008 (2.1 mLTL (0.61 mEUR) loss attributable to
Vilniaus Baldai UAB) and the profit of the second half considered to be equal
zero. 


Additional information:
Nerijus Pacevičius
Chief executive officer
Phone No: +370 5 2525700