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VDG: Financial results of the first quarter of 2010

Spekuliantai.lt | 2010-05-28 | NASDAQ OMX biržų naujienos | perskaitė: 1414
Raktiniai žodžiai: Vilniaus Degtine AB, VDG
VDG: Financial results of the first quarter of 2010

Vilniaus Degtine AB Interim information 28.05.2010

Financial results of the first quarter of 2010

Financial results of „Vilniaus degtinė“ AB, during the first quarter of 2010
One of the biggest alcohol producers in Lithuania „Vilniaus degtinė“ AB, whose
range of production includes „Sobieski“, „Bajorų“, „Karvedys“, „Renaissance“
remains stable despite decreasing market of alkohol drinks.
Sales revenue of „Vilniaus degtinė“ AB during the period of January-March, 2010
decreased by 5,2 percent, comparing to previous year. During January-March,
2010 it was 10 559 660 LTL (3 058 289 EUR), meanwhile at the same period of
2009 - 11 135 881 LTL (3 225 174 EUR).
„Vilniaus degtinė“ AB sold 1 956,8 thousand liters of spirits during
January-March, 2010, which is 6,2 percent more than the same period of 2009
(1838,4 thousand liters).
Pretax profit of „Vilniaus degtinė“ AB, during January-March, 2010 reached
174 985 LTL (50 679 EUR), at 2009 the company suffered a loss of 848 227
LTL (245 664 EUR).
„According to our information, in spite of declining economy and black economy
market in Lithuania continues to fall down, which negatively affects our sales
revenues. Despite this fact, our company earned profit during the first quarter
of this year, because of activity optimization and process effectiveness. “-
says Renaldas Barauskas, deputy of CEO „Vilniaus degtinė“AB.
This year company started to export production to Israel and Great Britain.
„With our brand we are seeking to consolidate in Israel market that is why we
invest into it. The growth of export is one of the main ways to offset the
reduction of Lithuanian market“ - says R. Barauskas.
According to R. Barauskas, Latvian market also receives great attention.
Advertising campaign of „Sobieski“brand was started in Latvia. For this
campaign the face of one of „Belvedere“owners, Hollywood actor Bruce Willis, is
being used. It is planned, that investments in Latvian market will reach
500 000 LTL. (144 810 EUR) The goal is to hold 3 percent of vodka
Currently, the geography of „Vilniaus degtinė“ AB production sales consists of
Latvia, Estonia, Byelorussia, Poland, Spain, France, Denmark, Great Britain,
At the spring of this year, company also presented some new products to
consumers of Lithuania: vodka „Sobieski Platinum“, new „Bajorų“ vodka with
flavor of cedar, new flavors of „Damų“ liqueur: chocolate and toffee with
orange. AB „Vilniaus degtinė“ vodka particularly expects from the new product
„Sobieski Platinum“, that has mild taste and unique producing technology: the
only vodka produced in Lithuania that is filtrated through platinum filters.
About „Vilniaus degtinė“:
„Vilniaus degtinė“ AB is one of the oldest and biggest liqueur producers in
Lithuania. It started in 1907, in the region of Rokiškis at the Obelių Spirit
In 1995 “Vilniaus degtinė” was reorganized into a special purpose joint stock
company. In November of 2003, more than 80% of the company's stock was
purchased by the French company - BELVEDERE SA, which has joint companys or
subsidiaries in more than 25 countries. Currently, concern BELVEDERE SA owns
150 worldwide recognized brands of alcohol drinks.
Vodka makes the major part of the company's production sales. The most popular
are “Bajorų”, “Sobieski” and “Karvedys”. Besides vodka, the company also
produces bitters as well as liqueurs. The company's production is made of
natural ingredients including nuts, berries, fruits, juices, honey and herbs.
Maintaining deep Lithuanian traditions, the products of “Vilniaus degtinė” have
won numerous awards for quality and exceptional recipes. Products of „Vilniaus
degtinė“have won numerous gold of „Lithuanian product of the year“. In 2009
„Sobieski“coffee flavoured and „Bajorų Premium“ vodkas have been awarded with
gold of „Lithuanian product of the year“. Last year „Bajorų Premium“ was the
only non-flavored Lithuanian vodka which has won gold in the category of
alcohol drinks.
More information:
Renaldas Barauskas
„Vilniaus degtinė“ AB deputy of CEO
Tel. +370 5 233 08 19
El. P. renaldas@degtine.lt

1. rastas eng.jpg
2. vilniaus degtine interim ifrs q1 2010_eng.pdf

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