Snaige - Interim information

Snaigė AB EBITDA reached 1.3 million euro in the first half of this year

Alytus, Lithuania, 2015-08-28 15:16 CEST (GLOBE NEWSWIRE) -- Snaigė AB EBITDA
reached 1.3 million euro in the first half of this year (according to the
unaudited consolidated data), which is 10% higher than compared to the same
period the last year. 

According to Gediminas Čeika, Director General of Snaigė AB, it is a highly
satisfactory result considering the fact that the company's sales in and the
revenue from the markets of Ukraine, Russia and Middle Asia had significantly
decreased as a result of the geopolitical situation. 

“We sold a larger proportion of our products to the Western markets (France,
Germany and Switzerland) and the relatively lucrative countries in Central
Europe (Czech Republic and Bulgaria). We have also started trading in new
markets: Norway, Israel and Azerbaijan. All of the above helped us maintain the
sales balance and earn profits”, - stated Mr Čeika. 

During the first half of the year, the company has offered few new and
authentic products to the markets. These included luxurious double
fridge-freezers with glass surface doors RF34TWINS, which raised the interest
of Israel clients, and a single door fridge-freezer C27 welcome by the buyers
in France and Scandinavian countries. 

According to the unaudited consolidated data, the company earned 71.3 thousand
euro in net profit, which is more than 10 times higher than compared to the
same period the last year. The consolidated unaudited revenue of the Company
amounted to 20.5 million euro. The Company exported around 96% of its produce. 


         Director General of Snaigė AB
         Gediminas Čeika
         +370 315 56206

Attachments:

Snaige_2015 I half report with confirmation.pdf