Grigiskes - Notification on material event

GRIGISKES AB: results of eight months of 2014

Vilnius, Lithuania, 2014-09-17 09:28 CEST (GLOBE NEWSWIRE) -- According to
unaudited data during the eight 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 232.3 million (EUR
67.3 million). It is LTL 17.5 million (EUR 5.1 million) or 8.1% more than
during the eight months in 2013. 

During the same period in question, the Company's sales amounted to LTL 109.5
million (EUR 31.7 million), which is LTL 14.4 million (EUR 4.2 million) or 15.1
% more than in the same period last year. 

During the mentioned above period profit before taxes of the Group amounted to
LTL 14.6 million (EUR 4.2 million) and the Company‘s - LTL 6.2 million (EUR 1.8
million). It is accordingly by 58.7% and 21.6% more that in the eight months of
the past year. 

Earnings before interest, taxes, depreciation and amortisation (EBITDA) of the
Group and Company, if compared with the eight months of 2013, increased by
30.2% and 15.6%, respectively: during the eight months of 2014, EBITDA of the
Group was LTL 36.2 million (EUR 10.5 million), of the Company LTL 17.8 million
(EUR 5.2 million). 


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