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VDG: Financial results of AB „Vilniaus degtinė“ in the first nine months of 2010

Spekuliantai.lt | 2010-11-30 | NASDAQ OMX biržų naujienos | perskaitė: 1201
Raktiniai žodžiai: Vilniaus Degtine AB, VDG
VDG: Financial results of AB „Vilniaus degtinė“ in the first nine months of 2010

Vilniaus Degtine AB Interim information 30.11.2010

Financial results of AB „Vilniaus degtinė“ in the first nine months of 2010

Financial results of joint stock company „Vilniaus degtinė“,
in the first nine months of 2010

One of the biggest alcohol producers in Lithuania joint stock company
„Vilniaus degtinė“, whose range of production includes „Sobieski“, „Bajorų“,
„Karvedys“, „Renaissance“, sales of alcoholic beverages has decreased in the
first nine months of year 2010, as compared to the same period in 2009.

During the period of January - September, 2010 sales revenue was 32 907 284 LTL
(9 530 608 EUR). Sales revenue decreased by 12, 4 percent comparing to the same
period of previous year (37 583 334 LTL (10 884 886 EUR)).

Vilniaus degtinė“ sold 4 372,9 thousand liters of spirits during January -
September, 2010 which is 7, 5 percent less than the same period of 2009
(4727,2 thousand liters).

Pretax profit of „Vilniaus degtinė“, during January - September, 2010 reached
62 816 LTL (18 193 EUR. At the same period of year 2009 the company's pretax
profit was 286 025 LTL (82 839 EUR).

“Due to extremely hot summer and the increase of the shadow economy the vodka
market has decreased by 20 percent. Seeking for compensation of Lithuanian
market shrinkage, a special attention is given to exports and investments in
foreign markets as well as modernization of the production processes, "- AB
Vilniaus vodka deputy of CEO Renaldas Barauskas comments on the results.
During the third quarter of this year, the company invested into modernization
of the production and new bottling lines 1 000 000 LTL (289 620, 02 EUR).
According to R.Barauskas, it will optimize the costs and make the management of
production processes cost effective.

This year the company pays great attention to investments in foreign markets.
In autumn “Vilniaus degtinė” has received kosher certification seeking to make
its products even more attractive in Israel market.

The advertising campaign of „Sobieski“ brand in Latvia is going on
successfully, moreover, the face of one of BELVEDERE SA owners, Hollywood actor
Bruce Willis, is being used in this campaign. The new vodka “Wilenska vodka“
has been presented in Polish market.

About „Vilniaus degtinė“
Joint stock company „Vilniaus degtinė“ is one of the oldest and biggest liqueur
producers in Lithuania. It started in 1907, in the region of Rokiškis at the
Obelių Spirit Distillery.
In 1995 “Vilniaus degtinė” was reorganized into a special purpose joint stock
company. In November of 2003, more than 80% of the company's stock was
purchased by the French company BELVEDERE SA, which has joint companies or
subsidiaries in more than 25 countries. Currently, BELVEDERE SA owns 150
worldwide recognized brands of alcohol drinks.
Vodka makes the major part of the company's production sales. The most popular
brands are “Bajorų”, “Sobieski” and “Karvedys”. Besides vodka, the company also
produces bitters as well as fine liqueurs. The company's production is made
from natural ingredients including nuts, berries, fruits, juices, honey and
Maintaining deep Lithuanian traditions, the products of “Vilniaus degtinė” have
won numerous awards for quality and exceptional recipes. Products of „Vilniaus
degtinė“ won numerous gold medals of „Lithuanian Product of the year“. In 2009
„Sobieski“ coffee flavored and „Bajorų Premium“ vodkas have been awarded with
gold of „Lithuanian Product of the year“. Last year „Bajorų Premium“ was the
only non-flavored Lithuanian vodka which has won gold in the category of
alcoholic drinks.
More information:

Renaldas Barauskas
„Vilniaus degtinė“ AB, deputy of CEO
Tel. +370 5 231 02 74
Mob. +370 686 93 896
El. P. renaldas@degtine.lt

1. ggvd_interimstatement_9 months_2010.pdf
2. eng.jpg

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