2014-02-24 09:40:36 CET

2014-02-24 09:41:37 CET


REGULATED INFORMATION

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Grigiskes AB - Interim information

GRIGISKES AB: interim consolidated report of GRIGISKES AB covering twelve months of 2013 and endorsement of the responsible persons. 


Vilnius, Lithuania, 2014-02-24 09:40 CET (GLOBE NEWSWIRE) -- During the twelve
months of 2013, the Group consisting of GRIGISKES AB, Baltwood UAB, Klaipedos
kartonas AB, Mena Pak PAT, and Klaipeda recycling UAB achieved the consolidate
sales turnover of LTL 328.8 million (EUR 95.2 million). It is LTL 39.3 million
(EUR 11.4 million) or 13.6% more than during the twelve months in 2012. 

During the same period in question, the Company's sales amounted to LTL 148.6
million (EUR 43.0 million), which is LTL 37.6 million (EUR 10.9 million) or
33.8% more than in the same period last year. 

During the reporting period, the Group earned LTL 15.4 million (EUR 4.5
million) profit before taxes, which is LTL 4.7 million (EUR 1.4 million) or
44.6% more than in the same period last year. 

During the twelve months of 2013, the Company earned LTL 7.1 million (EUR 2.1
million) profit before taxes. 

Earnings before interest, taxes, depreciation and amortisation (EBITDA) of the
Group and Company, if compared with the twelve months of 2012, increased by
22.6% and 10.3%, respectively: during the twelve months of 2013, EBITDA of the
Group was LTL 43.6 million (EUR 12.6 million), of the Company LTL 22.7 million
(EUR 6.6 million). 

According to the evaluation made by the Board of GRIGISKES AB, on the 11th of
January 2013 proclaimed forecasted financial indicators for the year 2013 of
GRIGISKES AB and Group are achieved. Thus, the Ordinary General Meeting of
Shareholders of the Company will be proposed to distribute for dividends for
the year 2013 of not less than two times higher than the dividend per share was
paid for the year 2012. 

More information is provided in the interim consolidated report of GRIGISKES AB
covering the twelve months of 2013 with endorsement of the responsible persons
(see attachments). 






         Gintautas Pangonis
         President of GRIGISKES AB
         (+370-5) 243 58 01