Snaige - Interim information

Snaigė AB, not audited financial results for the first three months of 2015

Alytus, Lithuania, 2015-05-29 16:17 CEST (GLOBE NEWSWIRE) -- Snaigė, AB's
turnover reached EUR 8.5 million in the first quarter of this year (according
to the unaudited consolidated data), which is 12% lower than the turnover of
the same period last year. 

According to Gediminas Čeika, Director General of Snaigė AB, the lower sales of
the company were determined by the decreased exports to Ukraine and certain CIS
countries. “The unstable political situation and the weakening of local
currencies affected the buying behaviour of consumers not only in Ukraine, but
also in the countries of Central Asia,” stated Mr Čeika. “These regions
comprise an important part of the company's sales,” he continued. 

However, sales in other regions of the company grew or remained stable. For
example, in the first quarter of this year, as compared to the same period last
year, the company sold significantly more of its products to Switzerland (4
times more), Portugal (39%), Moldova (36%) and Czech Republic (16%). 

According to Gediminas Čeika, the coming months of this year, once the
refrigerator season is in full swing, should be more successful. 


         Director General of Snaigė AB
         Gediminas Čeika
         +370 315 56206

Attachments:

SNG financial statements QI_ 2015 with confirmation.pdf