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Wednesday, 01.05.2024, 23:59
Exports drive sales growth for Lithuania's Vilkyskiu dairy
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"The growth is due to increasing prices in export
markets. We sell slightly more products from warehouses and have the result.
All our export markets are growing more or less evenly," Vilkyskiu Pienine CEO Gintaras Bertasius said.
He gave no exact figures, but said that the company expects
this year to be better for it financially than last year.
Vilkyskiu Pienine's consolidated sales for the ten months through October rose by 8% y-o-y to 74.2 mln euros.
The dairy group's annual sales fell by 23% in 2015 from 2014
to 84.4 mln euros. Its net profits slumped down to 1.175 mln euros.
Bertasius owns 51 % of shares in Vilkyskiu Pienine and Multi
Asset Selection Fund, an investment fund of Orion Asset Management, holds a 17% stake.
Shares of the dairy company, which is based in Vilkyskiai,
in western Lithuania, are quoted on the blue-chip Main List of the Nasdaq
Vilnius stock exchange.
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