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VDG: AB Vilniaus degtinė: interim business activity result for the first 6 months of 2012

Spekuliantai.lt | 2012-08-31 | NASDAQ OMX biržų naujienos | perskaitė: 736
Raktiniai žodžiai: Vilniaus Degtine AB, VDG
VDG: AB Vilniaus degtinė: interim business activity result for the first 6 months of 2012

Vilniaus Degtine AB Interim information 31.08.2012

AB Vilniaus degtinė: interim business activity result for the first 6 months of
2012




In January-June 2012, income earned by AB Vilniaus degtinė from sales increased
38.9 per cent compared to the same period in 2011. In 2012 the January-June
income from sales was 27,007,276 LTL (7,821,848 EUR), whereas in 2011 the
January-June income from sales was 19,439,442 LTL (5,630,052EUR).

In January-June 2012, AB Vilniaus degtinė sold 3,860,700 litres of alcoholic
beverages, which is 24.2 per cent more compared to the same period in 2011. (In
January-June 2011 it sold 3,108,800 litres).

“Even though the alcoholic beverage market in Lithuania is barely growing, in
the first half of this year our company was the one that recorded the most
growth in sales. Our renewal of the product range and our active marketing
activities enabled our company to increase its share of the hard liquor market
from from 18% to 25.4%”, said the head of Vilniaus degtinė, Juozas Daunys,
commenting on sales results.

In January-June 2012, our exports increased by 37.3 per cent. The company’s
General Manager, Juozas Daunys, says exports should grow at a similar pace over
the next six months. The company links the significant increase in exports to
two products that have been particularly successful on the export market:
Shotka Vodka and Penguin vodka. These liquors are already exported to Denmark,
Poland and Spain.

In January-June 2012, AB Vilniaus degtinė incurred pre-tax losses of 83,105 LTL
(24,069 EUR), whereas in 2011 pre-tax losses were 1,166,014 LTL (337,701 EUR).
Earnings before taxes in the second quarter of 2012 amounted to 290,867 LTL
(84,241 EUR), compared with 448,558 LTL (129,911 EUR) in the second quarter of
2011.

The company’s EBITDA (earnings before interest, taxes, depreciation and
amortisation) for January-June 2012 were 1,674,500 LTL

(485,000 EUR), which was an increase of 68.6 per cent compared to 993,200 LTL
(287,700 EUR) in 2011. For the second quarter of 2012 the EBITDA reached
1,129,600 LTL (327,200 EUR), which was an increase of 80 per cent compared to
627,600 LTL (181,800 EUR) in 2011.

“Already tangible results for the company have been achieved by optimisation of
processes and consumption, the introduction of the LEAN resources management
system and renewal of the product line. However, we hope that the biggest
long-term benefit for the company will be derived from the project that
commenced in August in the Obeliai spirit distillery owned by Vilniaus degtinė.
I am talking about our newly commissioned bio-gas power plant, which will be
using a manufacturing by-product – mash – to produce heat and electricity, up
to 70 per cent of which we plan to sell”, stated the head of the company, J.
Daunys.





Darius Šiaudinis

Marketing Manager

Phone: +370 61608039


1. Interim_Statement_Vilniaus degtine_q2_2012_en.pdf
(https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=402841)

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