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2009-11-30 15:40:47 CET 2009-11-30 15:41:48 CET REGULATED INFORMATION This message has been corrected. Click here to view the corrected message Vilniaus Degtine AB - Interim informationAB „Vilniaus degtinė“ financial statement for first 9 months of year 2009One of the largest Lithuanian alcohol producers AB Vilniaus degtinė‘s sales during the first 9 months of year 2009 has decreased by 18, 4 %. In year 2008 from January to September Vilniaus degtinė‘s sales totaled 37 583 334 LTL (10 884 886 EUR) and in the same period of 2008 it had totaled 46 060 074 LTL (13 339 919 EUR). AB Vilniaus degtinė manages brands such as „Sobieski“, „Bajorų“, „Karvedys“, „Renaissance“ and others. During the first three quarters of this year sales of Vilniaus degtinė totaled 4 727, 2 Liters of alcohol. This constitutes a 26, 1% decrease compared to the same period in 2008 (6 400, 9 Liters). During the first three quarters of the year 2008 Vilniaus degtinė's profit had totaled 70 574 LTL (20 440 EUR) before taxes and during the same period of year 2009 company‘s profit excelled 286 025 LTL (82 839 EUR) before taxes. Total sales of alcohol beverages in Lithuania decreased by 29, 2 % this year, when comparing with the first ten months of year 2008. When comparing with the same period of year 2007, the decrease of alcohol sales in Lithuania reaches 37, 5%. „The most important factors that had prompted reduction of the alcohol market in Lithuania recently is excise duty increase and a major stir-up in the black market caused by that“, - AB Vilniaus degtinė deputy to CEO Mr. Renaldas Barauskas notes. R. Barauskas states, that regardless of sales decrease, the growth of Vilniaus degtinė profits was settled by two main reasons: a timely regrouping of Vilniaus degtinė‘s activities, optimization of production and business processes as well as increased sales of premium brands („Sobieski“ and „Bajorų”) that had had maintained general sales while the sales of economy vodka had dropped. This year Vilniaus degtinė has optimized its activities and has presented brand new products: olive and coffee flavored “Sobieski” vodka, original French brandy “Renaissance” XO and VSOP and renewed one of the most popular Lithuanian crème liquors “Dama”. Vilniaus degtinė launched a line of original Lithuanian vodka “Bajorų” that keeps up with the strict quality and origin standards set by European Union. “Bajorų” is being produced strictly from grain grown by Lithuanian farmers and treated in Vilniaus degtinė's distillery in Obeliai village. This year a technology of platinum filters was installed in the production line that enriches “Bajorų” vodka with exquisite tenderness and distinct taste. Contact person: Juozas Daunys Head of Marketing department Stock Company „Vilniaus degtinė“ Tel.: +370 5 231 02 74 E-mail.: juozas.daunys@degtine.lt |
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