Pieno Zvaigzdes - Interim information

Pieno zvaigzdes AB, not audited financial results for the year 2014

Vilnius, Lithuania, 2015-02-28 18:00 CET (GLOBE NEWSWIRE) -- Based on
preliminary unaudited results Company‘s sales over whole year 2014 accounted to
LTL 827.3 million (EUR 239.6 million) or 8.9% higher compare with sales a year
ago. Sales resulted over the whole year 2013 were LTL 759.4 million (EUR 219.9
million). 

Company's EBITDA in 2014 was 51.8 million LTL (15.0 million EUR) and increased
by 21.9% compare with EBITDA of 42.5 million LTL (12.3 million EUR) a year ago. 

In 2014 Company earned 17.2 million LTL (4.9 million EUR) net profit. Net
profit in 2013 was 9.8 million LTL (2.8 million EUR). 

Sales transactions of unused real estate executed over year 2014 positively
influenced the net profit of 2014. Also current price increase of dairy
products in the world market allows to reduce provision for inventories and
positively influenced the fourth quarter result. But initially planned
profitability did not achieved because of the weak dairy products demand and
low prices in the global markets and closed Russian market in the second half
of 2014. 



Audrius Statulevicius

CFO

(+370 5)246 1419

Attachments:

2014_4q_PZ_report_OMX_en.pdf