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VSS: JSC "Valmieras stikla šķiedra” unaudited financial report for 9 months, 2012

Spekuliantai.lt | 2012-11-01 | NASDAQ OMX biržų naujienos | perskaitė: 1414
Raktiniai žodžiai: Valmieras stikla skiedra, VSS
VSS: JSC "Valmieras stikla šķiedra” unaudited financial report for 9 months, 2012

Valmieras stikla škiedra Quarterly report 01.11.2012

JSC "Valmieras stikla šķiedra” unaudited financial report for 9 months, 2012

JSC „Valmieras stikla šķiedra” turnover for 9 months of 2012 - 39.82 mill. lats

JSC „Valmieras stikla šķiedra” 9 month financial statement 2012 shows that the
company has reached a turnover of 39.82 million lats (56.62 mill. EUR), which
is an increase of 2.6 million lats (3.7 mill. EUR) or 6.98% compared to the
same time period of 2011. Company’s net profit reached 2.22 million lats (3.16
mill. EUR), which is a 150% increase compared to 9 months of last year.
Company’s production is being exported to 32 countries around the world, the
exports amount to 96%, for a total sum of 38.28 million lats (54.43 mill. EUR).

During 9 months of 2012 JSC „Valmieras stikla šķiedra” has continued to
strengthen its position in existing markets and increase turnover. Main export
markets have remained unchanged: European Union countries (75%), USA, Japan,
India and Russia. All geographical markets have increased sales compared to 9
months of 2011 – 28% in USA and Canada, 17% in Russia and Ukraine, 36% in other
countries (including Switzerland, Japan, India, Croatia, etc.).

Sales from product segments have increased in high added value products: glass
fibre nettings (mesh), non-woven materials and high SiO2 content glass fibre
products. Sales of these company’s products have increased by average of 21%
compared to 2011. The rest product segments sales are deemed to be stable and
constantly sustainable.

A very important investment project has been launched in 2012 – construction of
the third one-stage method glass melting furnace of JSC „Valmieras stikla
šķiedra”. Already the company has informed that 4.57 million lats (6.5 mill.
EUR) have been invested in the construction of the new plant, of which 976
thousand lats are Investment and Development agency’s’ of Latvia financing and
3.6 million lats (5.12 mill. EUR) come from financial resources of JSC
„Valmieras stikla šķiedra”.

A chairman of the JSC „Valmieras stikla šķiedra” board Andris Oskars Brutāns:
„The most important event in our company this year will be the opening of a new
plant. This achievement will expand business operations of JSC „Valmieras
stikla šķiedra”. After the opening of a new plant we plan significant increase
in sales, which will create growth in export markets. Project proves the high
competence of the company and increases competitiveness in the international
arena. Intense competition in the industrial textile market is a driving force
of creating sustainable solutions and contributing for business results”.

Taking into consideration the results of 9 months of 2012 and market situation,
which is considered to be stable, the board of JSC „Valmieras stikla šķiedra”
stands for before stated forecast about the net profit of 2012, which could
reach 2.65 million lats.


Marika Nīmante
JSC „Valmieras stikla šķiedra” marketing project manager
Phone: +371 64202276
Fax: 64281216
E-mail: [email protected]
More information about company: www.vss.lv
Follow company: Facebook.com/ValmierasStiklaSkiedra


1. Finansu parskats neauditets 3_ceturksnis_2012_EN.pdf
(https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=408540)
2. 2012_q3_VSS_akcijas_en.pdf
(https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=408541)

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