Komentarai Siųsti draugui Spausdinti Vertinimas Neįvertintas

SNG: Unconsolidated unaudited EBITDA of „Snaigė“ for 2011 achieved LTL 9.3 million

Spekuliantai.lt | 2012-03-02 | NASDAQ OMX biržų naujienos | perskaitė: 1077
Raktiniai žodžiai: Snaige AB, SNG
SNG: Unconsolidated unaudited EBITDA of „Snaigė“ for 2011 achieved LTL 9.3 million

Snaige AB Interim information 02.03.2012

Unconsolidated unaudited EBITDA of „Snaigė“ for 2011 achieved LTL 9.3 million

Alytus, Lithuania, 2012-03-02 18:34 CET (GLOBE NEWSWIRE) -- For AB „Snaigė“
2011 became a year of significant achievement and great opportunities. Last
year Company sold over 175k refrigerators. The largest proportion was exported
to 30 countries in Europe and Asia. Key sales were in Germany, Ukraine, France
and Portugal.

The Company significantly stepped up its sales positions in Ukraine started
trading with one of the most important Ukrainian household appliances retailers
– "Eldorado". Also after a few years break "Snaigė" refrigerators again were
exported to Russia and Belarus.

According to CEO Gediminas Čeika in 2011 the Company also has several positive
achievements which will have a positive effect on the future of the business.
The most important one was introduction of strategic investor. “Polair” a
Russian manufacturer of industrial refrigeration equipment acting indirectly
through the “Vaidana” UAB, acquired 23,716,668 ordinary shares amounting 59,86%
of all shares and votes given by the general meeting of shareholders of the
Company.

According to CEO Gediminas Čeika, 2011 the company put a lot of effort into
creating new products and improving existing ones. “In June, we manufactured a
new premium class refrigerator with glass doors - Snaigė Glassy“, said G.
Čeika. “These refrigerators have received a lot of attention both from
Lithuanian consumers and from consumers in Western Europe, and at the end of
the year they were awarded by golden medal in the annual "Lithuanian product of
the Year" Competition said G. Čeika.„We have created a new refrigerator RF35
with increased freezer section, which within a short time became one the best
selling product of AB "Snaigė" in Baltic and Eastern markets.

The company participated in one of the most important household appliances
exhibitions in Europe - the IFA 2011, where there was an extremely positive
assessment by customers and partners.”

Unconsolidated unaudited EBITDA of the Company for 2011 totaled LTL 9.3
million which is clearly a positive performance for the Company. AB “Snaigė”
incurred a consolidated unaudited loss of LTL 0.53 million.

According to Gediminas Čeika, „Snaigė“ AB CEO , due to foreign currency
exchange fluctuations, „Snaigė“ AB had revaluated debts from the closed factory
in Kaliningrad. For these reasons the Company lost LTL 5,6 million. “However,
this revaluation of the paper debt is unrelated to the activities of the
Company and should be eliminated in assessing the annual results of the
company.“- said G. Čeika.

Due to damage and repair of the factory roof, the Company wasn‘t able to sell
the Kaliningrad plant last year. Currently, the Company is actively negotiating
with potential buyers of factory in Kaliningrad and in 2012 expects revenue
from this sale.

AB “Snaigė“ during the 2011 reached 111,1 million. Lt unaudited consolidated
turnover and suffered a consolidated unaudited loss of 5 million.


Managing Director
Gediminas Čeika
+370 315 56206


1. SNG_2011_statements with confirmation.pdf
(https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=381437)

Taip pat skaitykite

DPK: Decisions of the regular meeting of shareholders dated 27.05.2013

VLN: NEW MUTUAL FUND TO THE BALTIC FUND CENTER

VLN: The results of the primary placement auction of Lithuanian Government securities

VLN: VVP pirminio platinimo aukciono rezultatai

2013-05-27 | NASDAQ OMX biržų naujienos 2013-05-27 | NASDAQ OMX biržų naujienos 2013-05-27 | NASDAQ OMX biržų naujienos 2013-05-27 | NASDAQ OMX biržų naujienos

Komentarai



Ekonominis kalendorius

Prekybos statistika realiu laiku

Techninės analizės įrankis

Privatumo politika Reklama Kontaktai Paskolos RSS RSS
© 2006-2024 UAB All Media Digital