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VDG: CORRECTION: AB „Vilniaus degtinė“ financial statement for first 9 months of year 2009

Spekuliantai.lt | 2009-11-30 | NASDAQ OMX biržų naujienos | perskaitė: 1294
Raktiniai žodžiai: Vilniaus Degtine AB, VDG
VDG: CORRECTION: AB „Vilniaus degtinė“ financial statement for first 9 months of year 2009

Vilniaus Degtine AB Interim information 30.11.2009

CORRECTION: AB „Vilniaus degtinė“ financial statement for first 9 months of
year 2009

One of the largest Lithuanian alcohol producers AB Vilniaus degtinė‘s sales
during the first 9 months of year 2009 has decreased by 18, 4 %. In year 2008
from January to September Vilniaus degtinė‘s sales totaled 37 583 334 LTL
(10 884 886 EUR) and in the same period of 2008 it had totaled 46 060 074 LTL
(13 339 919 EUR). AB Vilniaus degtinė manages brands such as „Sobieski“,
„Bajorų“,
„Karvedys“, „Renaissance“ and others.
During the first three quarters of this year sales of Vilniaus degtinė totaled
4 727, 2 Liters of alcohol. This constitutes a 26, 1% decrease compared to the
same period in 2008 (6 400, 9 Liters). During the first three quarters of the
year 2008 Vilniaus degtinė's profit had totaled 70 574 LTL (20 440 EUR) before
taxes and during the same period of year 2009 company‘s profit excelled 286 025
LTL (82 839 EUR) before taxes.
Total sales of alcohol beverages in Lithuania decreased by 29, 2 % this year,
when comparing with the first ten months of year 2008. When comparing with the
same period of year 2007, the decrease of alcohol sales in Lithuania reaches
37, 5%. „The most important factors that had prompted reduction of the alcohol
market in Lithuania recently is excise duty increase and a major stir-up in the
black market caused by that“, - AB Vilniaus degtinė deputy to CEO Mr. Renaldas
Barauskas notes.
R. Barauskas states, that regardless of sales decrease, the growth of Vilniaus
degtinė profits was settled by two main reasons: a timely regrouping of
Vilniaus degtinė‘s activities, optimization of production and business
processes as well as increased sales of premium brands („Sobieski“ and
„Bajorų”) that had had maintained general sales while the sales of economy
vodka had dropped.
This year Vilniaus degtinė has optimized its activities and has presented brand
new products: olive and coffee flavored “Sobieski” vodka, original French
brandy “Renaissance” XO and VSOP and renewed one of the most popular Lithuanian
crème liquors “Dama”. Vilniaus degtinė launched a line of original Lithuanian
vodka “Bajorų” that keeps up with the strict quality and origin standards set
by European Union. “Bajorų” is being produced strictly from grain grown by
Lithuanian farmers and treated in Vilniaus degtinė's distillery in Obeliai
village. This year a technology of platinum filters was installed in the
production line that enriches “Bajorų” vodka with exquisite tenderness and
distinct taste.
Contact person:
Juozas Daunys
Head of Marketing department
Stock Company „Vilniaus degtinė“
Tel.: +370 5 231 02 74
E-mail.: juozas.daunys@degtine.lt

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