Vilniaus Degtine - Interim information

Interim 6-Month Results of Vilniaus Degtinė AB (2016)

Vilnius, Lietuva, 2016-08-17 08:29 CEST (GLOBE NEWSWIRE) -- Sales revenue
excluding excise duty of AB Vilniaus degtine amounted to EUR 10,505.4 thousand
in the six-month period of 2016 and increased by 11.6 percent, compared to the
same time period last year (in 2015 – EUR 9,413.7 thousand). 

The Companyʼs profit amounted to EUR 879,0 thousands in the six-month period of
2016 and increased by 66.5 percent, compared to the same time period last year
(in 2015 – EUR 527,9 thousands). 

EBITDA of the Company amounted to EUR 1,504.1 thousands in January-June 2016
and increased by 45.5 percent, compared to the same time period last year (in
January-June 2015 – EUR 1,033.7 thousands). EBITDA margin has increased from
10.98 percent to 14.32 percent during the year. 

Export of products of Vilniaus degtinė, AB to EU and third countries increased
by 16.5 percent in January-June 2016, compared to the same time period last
year. 

Better sales performance during six-month period 2016 was mainly influenced by
brandy “Renaissance”, a successful upgrade of “Bajorų Premium“ and „Barska
Premium“ (export label) vodka family, also an introduction of new – „Bajorų
Organic Vodka“ at the end of 2015. According to AC Nielsen, at the end of May
2016 “Bajorų“ vodka volume share in Lithuania reached  9.5 percent of total
vodka market ( or +1.4 pp vs LY). 

The modernisation project of the only Lithuania Obeliai Distillery (branch of
AB Vilniaus degtinė) has been finished. During 4 years of this project 10
million EUR have been invested. After modernisation distillery is running on
renewable energy sources, it is also estimated the production cost to decrease
by 25% and up to 30% increase in supply rate from local farmers. Modernisation
project will also reinforce its authenticity and ensure raw material supply for
production of spirits in AB Vilniaus degtinė with exceptional Lithuanian
provenance. 



Director General
Dovilė Tamoševičienė

Phone: +370 5 233 0819

Attachments:

Interim_Financial_Statements_q2_2016.pdf