Vilniaus Degtine - Interim information

Interim activity report of Vilniaus degtinė, AB for 9 months of 2014

Vilnius, Lithuania, 2014-11-28 10:02 CET (GLOBE NEWSWIRE) -- Sales revenue of
Vilniaus degtinė, AB in January-September of 2014, as compared to respective
period of 2013, increased by 20.5 percent. In January-September of 2014 sales
revenue totaled 45 359 thousand LTL (13 137 thousand EUR), in January-September
of 2013 - 37 640 thousand LTL (10 901 thousand EUR). 

Sales revenue of Vilniaus degtinė, AB in July-September of 2014, as compared to
respective period of 2013, increased by 32.1 percent. In July-September 2014
sales revenue totaled 16 195 thousand LTL (4 690 thousand EUR), in
July-September of 2013 - 12 258 thousand LTL (3 550 thousand EUR). 

During nine months of this year sales revenue of produced alcoholic beverages
increased by 23.4 percent or 7 115 thousand LTL (2 061 thousand EUR), as
compared to respective period of the last year. 

Sales of produced vodkas in liters in 2014 increased by 13.6 percent, brandies
- by 1.5 percent, bitters - by 46.0 percent, cordials - by 8.7 percent, wines -
5.7 times, liqueurs - 34.5 percent, as compared to respective period of the
last year. 

In the category of vodkas, sales were most rapidly increased by “Gediminas”
trademark products. With a view to increase the vodka market share, in June the
company introduced “Gedimino single malt” vodka. In January-September of this
year the sales of “Gediminas” trademark reached 414 thousand liters and were 81
percent higher than in 2013. 

Since the beginning of the year, sales revenue of produced alcoholic beverages
exported to the European Union countries increased by 29.1 percent, to the
third countries - 2.6 times. The company's key export markets are Latvia,
Estonia, Ukraine, Denmark, and Israel. This year the company started supplying
its alcoholic beverages to the following markets: Turkey, Germany , Malta,
Angola, Uruguay, Abkhazia , Azerbaijan. 
In January-September of 2014 profit before tax reached 2 838 thousand LTL (822
thousand EUR), during respective period of 2013 profit before tax totaled 829
thousand LTL (240 thousand EUR). 

In January-September of 2014 EBITDA reached 5 508 thousand LTL (1 595 thousand
EUR), in January-September of 2013 EBITDA totaled 3 884 thousand LTL (1 125
thousand EUR). 

About Vilniaus degtinė

Vilniaus degtinė, AB is one of the oldest and biggest companies within the
alcoholic beverage industry in Lithuania. It started its activities in 1907
upon launching of Obeliai distillery in Obeliai, Rokiškis District. 

In 1995 Vilniaus degtinė was reorganized into a special purpose public company.
In 2003 the controlling interest of the company was acquired by the French
concern BELVEDERE S.A., managing joint or subsidiary companies in over 25
foreign countries. Currently BELVEDERE SA owns 150 globally recognized
alcoholic beverage trademarks. 

The products of Vilniaus degtinė, which has maintained deep Lithuanian
production traditions, have been numerously awarded for exclusive quality and
recipes. The products of Vilniaus degtinė are exported to Latvia, Estonia,
Poland, France, Denmark, China, and Spain. 

Now it is 10 years, when Vilniaus degtinė, AB has implemented ISO 9000 quality
management system. Since 2011, the company has been applying LEAN system,
aiming to create higher value for a customer and to increase its competitive
advantage using fewer resources. 



Juozas Daunys

CEO

Phone: +370 5 233 0819

Attachments:

_Interim_Financial_Statements_q3_2014_Vilniaus degtine.pdf