2013-11-29 07:41:03 CET

2013-11-29 07:42:05 CET


REGULATED INFORMATION

Lithuanian English
Grigiskes AB - Interim information

GRIGISKES AB: changes in dividend policy, interim consolidated report of GRIGISKES AB covering the nine months of 2013 and endorsement of the responsible persons 


Vilnius, Lithuania, 2013-11-29 07:41 CET (GLOBE NEWSWIRE) -- During the nine
months of 2013, 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 244.5 million (EUR 70.8 million). It is LTL 25.7 million
(EUR 7.5 million) or 11.8% more than during the nine months in 2012. 

During the same period in question, the Company's sales amounted to LTL 108.5
million (EUR 31.4 million), which is LTL 27.2 million (EUR 7.9 million) or
33.5% more than in the same period last year. 

During the reporting period, the Group earned LTL 11.7 million (EUR 3.4
million) profit before taxes, which is LTL 2.1 million (EUR 0.6 million) or
21.5% more than in the same period last year. 

During the nine months of 2013, the Company earned LTL 6.1 million (EUR 1.8
million) profit before taxes. 

Earnings before interest, taxes, depreciation and amortisation (EBITDA) of the
Group and Company, if compared with the nine months of 2012, increased by 16.1%
and 9.3%, respectively: during the nine months of 2013, EBITDA of the Group was
LTL 32.8 million (EUR 9.5 million), of the Company LTL 17.7 million (EUR 5.1
million). 

Growth of financial figures was achieved at the result of completed investments
in 2012 and the expansion of sales in 2013. 

On the 11th of January 2013 proclaimed forecasted financial indicators for the
year 2013 of GRIGISKES AB and Group remain unchanged. 



Taking into account the actual results, forecasted financial indicators for the
year 2013 and the effect of the return on investment, The Board of GRIGISKES AB
will propose to the Ordinary Annual General Meeting of Shareholders to
distribute for dividends for 2013 of not less than two times higher than the
dividend per share was paid for 2012, if the Company earns a targeted profit. 



More information is provided in the interim consolidated report of GRIGISKES AB
covering the nine months of 2013 with endorsement of the responsible persons
(see attachments). 


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