2012-07-31 16:54:01 CEST

2012-07-31 16:55:04 CEST


REGULATED INFORMATION

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Snaige AB - Interim information

AB Snaige: back to profit 


Alytus, Lithuania, 2012-07-31 16:54 CEST (GLOBE NEWSWIRE) -- During the first
half of 2012 turnover reached nearly 67m. Lt (unaudited, unconsolidated
results) which is almost 19% more than in the same period last year. Also the
company generated 419k Lt unaudited, unconsolidated profit which is 16% more
than the same period last year. Unaudited unconsolidated EBITDA in the first
half exceeded the 4,9 mln. Lt i.e. 16% more than during the same period last
year. 

 According to Gediminas Čeika, these results were achieved by a focus in the
main on the more profitable markets with particular success in Ukraine where
sales were ahead by 62% compared with the previous year for the same period.
„This development was caused by a number of factors ",-says G. Čeika," the
first is the national advertising campaign on Ukrainian TV, Internet and
outdoor advertising. We not only remind the user about ourselves, but also we
enhance our customers ' confidence in us in Ukraine 

The successful marketing campaign in Ukraine has not only grown the sales, but
also significantly strengthened AB Snaige‘s brand position in this market.  We
now hold 6,2% of the refrigerators category in the Ukrainian market and are now
one of the market leaders. 

AB Snaige also found additional clients in Asian markets. During the first 6
months of this year to export sales to Uzbekistan, Tajikistan and Kazakhstan
exceeded 8000 PCs. of refrigerators, which is 35% more than last year. Users in
these countries, in particular, value the quality of the Lithuanian
refrigerators and the European origin. 

 „We also achieved strong results in Germany, during the first half of this
year. The company has exported over 14 000 refrigerators, 16% above with the
same period last year.- said G. Čeika. -„ Part of this growth was due to the
trade with a new client „Bomann“. 

 According to G. Čeika the trade with Russia  is also recovering. „Compared
with the previous year to Russia we sold more than six times as many
refrigerators. Of course, the majority of refrigerators were sold with the help
of our partner company  Russian industrial refrigeration equipment manufacturer"Polair". 

 AB Snaige CEO G. Čeika welcomes the results of the H1. „19% sales growth  is a
great result“, - said G. Čeika. „However we are going ahead. The cultivation of
profitable sales is one of the most important objectives of the company of the
year. 

The consolidated non-audited interim financial reports for 6 months of 2012,
Semi-annual consolidated financial statements for 2012 and the confirmation of
accountable persons (attached). 




         AB “Snaigė” CEO
         Gediminas Čeika
         +370 315 56206