Snaige - Half-Yearly information

Unaudited consolidated financial results of Snaigė, AB for the first six months of 2017

Snaigė AB reached EUR 18,9 million turnover (according to consolidated unaudited data) within the first six months of this year, which is 0.5% lower than during the same period last year.

Even though, due to rising prices of raw materials, first half results of the company were worse that the same period results last year, company sales revenue remained the same. Increasing sales volume in markets, where Snaigė sells products under its own brand, is a very positive trend – said Gediminas Čeika, General Director of Snaigė AB. “We are particularly happy about our recovering sales in Ukraine. Compared to the same period last year, sales in this country went up by 60% in the first half of 2017,” Mr Čeika added.
France, Germany, Ukraine, Poland and the Czech Republic remain the company's largest markets.

According to consolidated unaudited data, the company reached 1 million EBITDA and suffered EUR 179 thousand pre-tax loss during the first half of this year.

         Managing Director of Snaigė AB
         Gediminas Čeika
         +370 315 56206

Attachments:

1 half 2017 financial statements_interim report with confirmation.pdf