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AVG: AB „Agrowill Group“ adjusted year 2011 forecast of net sales, net profit and EBITDA

Spekuliantai.lt | 2011-11-23 | NASDAQ OMX biržų naujienos | perskaitė: 692
Raktiniai žodžiai: Agrowill Group AB, AVG
AVG: AB „Agrowill Group“ adjusted year 2011 forecast of net sales, net profit and EBITDA

Agrowill Group AB Notification on material event 23.11.2011

AB „Agrowill Group“ adjusted year 2011 forecast of net sales, net profit and
EBITDA

AB „Agrowill Group“ announces adjusted 2011 net sales, net profit and EBITDA
forecast:

Net sales forecast for year 2011: LTL 60 million (EUR 17.4 million),
Net profit forecast for year 2011: LTL 1.5 million (EUR 0.4 million),
EBITDA forecast for year 2011: LTL 12 million (EUR 3.5 million).

Assumptions about factors, based on which the forecast was prepared, which are
primarily
outside the group's management influence relate ,first of all, to market prices
for agricultural
commodities for 2011, as the group has no influence on setting or controlling
such prices.

Corrections of forecast are based on these factors:
a) forecast (announced as of June 1, 2011) was based on the the prices for
grain commodities
as of April 2011 and benchmarked to MATIF futures;
b) the prices for grain commodities decreased in comparison with the prices for
grain commodities
as of April 2011;
c) the Company has distributed lower ammount of new shares through IPO - 13.27
million new
shares at Warsaw stock Exchange, instead of planned 25 million.



Vladas Bagavičius
Chairman of the Board
+370 5 233 5340

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