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2012-07-31 16:54:01 CEST 2012-07-31 16:55:04 CEST REGULATED INFORMATION Snaige AB - Interim informationAB Snaige: back to profitAlytus, 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 |
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