2015-02-27 10:11:43 CET

2015-02-27 10:13:02 CET


REGULATED INFORMATION

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Grigiskes - Interim information

GRIGISKES AB: interim consolidated report of GRIGISKES AB covering twelve months of 2014 and endorsement of the responsible persons. 


Vilnius, Lithuania, 2015-02-27 10:11 CET (GLOBE NEWSWIRE) -- During the twelve
months of 2014, 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 343.7 million (EUR 99.5 million). It is LTL 14.9 million
(EUR 4.3 million) or 4.5% more than during the twelve months in 2013. 

During the same period in question, the Company's sales amounted to LTL 167.1
million (EUR 48.4 million), which is LTL 18.5 million (EUR 5.4 million) or
12.5% more than in the same period last year. 

During the reporting period, the Group earned LTL 25.9 million (EUR 7.5
million) profit before taxes, which is LTL 10.9 million (EUR 3.2 million) or
72.8% more than in the same period last year. 

During the twelve months of 2014, the Company earned LTL 12.3 million (EUR 3.6
million) profit before taxes. 

Earnings before interest, taxes, depreciation and amortisation (EBITDA) of the
Group and Company, if compared with the twelve months of 2013, increased by 28%
and 22.2%, respectively: during the twelve months of 2014, EBITDA of the Group
was LTL 55.7 million (EUR 16.1 million), of the Company LTL 27.8 million (EUR
8.1 million). 

According to the evaluation made by the Board of GRIGISKES AB, on the 20th of
December 2013 proclaimed forecasted financial indicators for the year 2014 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 2014 almost 7 cents of LTL per share, which would be equal to 2 cents
of EUR per share. 

More information is provided in the interim consolidated report of GRIGISKES AB
covering the twelve months of 2014 with endorsement of the responsible persons
(see attachments). 


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