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Tuesday, 22.07.2025, 14:05
Snaige finishes 2010 with loss totaling 2.6 mln litas
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In the same period of the previous year the consolidated pre-audited net loss of the company was 38.2 million litas. Alytus factory incurred a consolidated pre-audited loss only of 480,000 litas in 2010, informs LETA.
According to the Director General of Snaige Gediminas Ceika this loss could be avoided: "This loss is the maintenance expenses of a closed Kaliningrad factory of Snaige and an office in Moscow. Costs exceeded two million litas and this directly affected our profitability figures. I am glad that in the nearest time the premises of Kaliningrad factory will be rented, therefore, the company will not incur loss due of these premises. Besides, we are expecting that the active search of potential purchaser of the factory, which is currently carried out, will be successful."
In Gediminas Ceika opinion, the company succeeded to overcome the most difficult years of economic recession. "Optimization of production and management, mobilization of capacity allowed not only to survive but also to maintain a stable operation, to retain a large part of its markets and marketability of production," Ceika stated.
In 2010, Snaige exported its products to 30 European and Asian countries. The largest number of Lithuanian refrigerators was acquired by Germany, Ukraine, France and Portugal.
"We did not forget our consumers: in May we presented new energy-efficient refrigerators Snaige Ice Logic A++ (consuming twice as little energy). These refrigerators became very marketable not only in Lithuania, but also in many European countries," the head of the company noted.
Consolidated unaudited EBITDA of the company for 2010 totaled 9.5 million litas, which is by 23.9 million litas more than in the same period of the previous year.
Non-consolidated unaudited EBITDA of Alytus factory comprised 10.12 million litas.
According to Ceika it is undoubtedly positive index evaluating the company's activity. In 2011 Snaige is going to invest 3.7 million litas to new technology and new product development.
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