Grigiskes - Interim information

Interim consolidated report of AB „Grigeo Grigiškės“ covering twelve months of 2016

Vilnius, Lithuania, 2017-02-28 09:14 CET (GLOBE NEWSWIRE) -- During the twelve
months of 2016,  AB „Grigeo Grigiškės“ sales amounted to EUR 57 million, which
is by EUR 2.9 million or 5% more than during the twelve months of 2015. 

During the same period in question, the Company earned EUR 3.3 million profit
before taxes, which is by EUR 0.4 million or 14% more than in the same period
last year. 

Earnings before interest, taxes, depreciation and amortisation (EBITDA) of the
Company, if compared with the twelve months of 2015, increased by 11%,
respectively: during the twelve months of 2016, EBITDA of the Company was EUR
9.3 million. 

During the twelve months of 2016, the Group consisting of AB „Grigeo
Grigiškės“, UAB „Grigeo Baltwood“, AB „Grigeo Klaipėdos Kartonas“, PAT „Mena
Pak“ and UAB „Grigeo Recycling“ achieved the consolidate sales turnover of EUR
102.5 million. 

During the reporting period, the Group earned EUR 4.5 million profit before
taxes. EBITDA of the Group was EUR 16.1 million. 

More information is provided in the interim consolidated report of AB „Grigeo
Grigiškės“ covering the twelve months of 2016 (see attachments). 


         Gintautas Pangonis
         President of AB „Grigeo Grigiškės“
         (+370-5) 243 58 01

Attachments:

GRI2016yIVq interim report.pdf

GRI2016yIVq responsible confirmation.pdf