|
|||
2010-05-28 14:39:49 CEST 2010-05-28 14:40:47 CEST REGULATED INFORMATION Vilniaus Degtine AB - Interim informationFinancial results of the first quarter of 2010Financial results of „Vilniaus degtinė“ AB, during the first quarter of 2010 One of the biggest alcohol producers in Lithuania „Vilniaus degtinė“ AB, whose range of production includes „Sobieski“, „Bajorų“, „Karvedys“, „Renaissance“ remains stable despite decreasing market of alkohol drinks. Sales revenue of „Vilniaus degtinė“ AB during the period of January-March, 2010 decreased by 5,2 percent, comparing to previous year. During January-March, 2010 it was 10 559 660 LTL (3 058 289 EUR), meanwhile at the same period of 2009 - 11 135 881 LTL (3 225 174 EUR). „Vilniaus degtinė“ AB sold 1 956,8 thousand liters of spirits during January-March, 2010, which is 6,2 percent more than the same period of 2009 (1838,4 thousand liters). Pretax profit of „Vilniaus degtinė“ AB, during January-March, 2010 reached 174 985 LTL (50 679 EUR), at 2009 the company suffered a loss of 848 227 LTL (245 664 EUR). „According to our information, in spite of declining economy and black economy market in Lithuania continues to fall down, which negatively affects our sales revenues. Despite this fact, our company earned profit during the first quarter of this year, because of activity optimization and process effectiveness. “- says Renaldas Barauskas, deputy of CEO „Vilniaus degtinė“AB. This year company started to export production to Israel and Great Britain. „With our brand we are seeking to consolidate in Israel market that is why we invest into it. The growth of export is one of the main ways to offset the reduction of Lithuanian market“ - says R. Barauskas. According to R. Barauskas, Latvian market also receives great attention. Advertising campaign of „Sobieski“brand was started in Latvia. For this campaign the face of one of „Belvedere“owners, Hollywood actor Bruce Willis, is being used. It is planned, that investments in Latvian market will reach 500 000 LTL. (144 810 EUR) The goal is to hold 3 percent of vodka market. Currently, the geography of „Vilniaus degtinė“ AB production sales consists of Latvia, Estonia, Byelorussia, Poland, Spain, France, Denmark, Great Britain, Israel. At the spring of this year, company also presented some new products to consumers of Lithuania: vodka „Sobieski Platinum“, new „Bajorų“ vodka with flavor of cedar, new flavors of „Damų“ liqueur: chocolate and toffee with orange. AB „Vilniaus degtinė“ vodka particularly expects from the new product „Sobieski Platinum“, that has mild taste and unique producing technology: the only vodka produced in Lithuania that is filtrated through platinum filters. About „Vilniaus degtinė“: „Vilniaus degtinė“ AB is one of the oldest and biggest liqueur producers in Lithuania. It started in 1907, in the region of Rokiškis at the Obelių Spirit Distillery. In 1995 “Vilniaus degtinė” was reorganized into a special purpose joint stock company. In November of 2003, more than 80% of the company's stock was purchased by the French company - BELVEDERE SA, which has joint companys or subsidiaries in more than 25 countries. Currently, concern BELVEDERE SA owns 150 worldwide recognized brands of alcohol drinks. Vodka makes the major part of the company's production sales. The most popular are “Bajorų”, “Sobieski” and “Karvedys”. Besides vodka, the company also produces bitters as well as liqueurs. The company's production is made of natural ingredients including nuts, berries, fruits, juices, honey and herbs. Maintaining deep Lithuanian traditions, the products of “Vilniaus degtinė” have won numerous awards for quality and exceptional recipes. Products of „Vilniaus degtinė“have won numerous gold of „Lithuanian product of the year“. In 2009 „Sobieski“coffee flavoured and „Bajorų Premium“ vodkas have been awarded with gold of „Lithuanian product of the year“. Last year „Bajorų Premium“ was the only non-flavored Lithuanian vodka which has won gold in the category of alcohol drinks. More information: Renaldas Barauskas „Vilniaus degtinė“ AB deputy of CEO Tel. +370 5 233 08 19 El. P. renaldas@degtine.lt www.degtine.lt |
|||
|