Utenos Trikotazas AB - Interim information

Results of activity and interim consolidated financial statements for the three months of 2009

According to non-audited consolidated data, during the 1st quarter of the year
2009 Utenos Trikotažas AB earned LTL 1.3 million (EUR 0.4 million) of pre-tax
profit. During the same period in the last year the Group experienced LTL 1.9
million (0.6 mln.EUR) of pre-tax loss. During the 1st quarter of the current
year the non-audited consolidated sales of the Company amounted to LTL 20.4
million (EUR 5.9 million). Comparing to the same period of the year 2008 the
consolidated turnover amounted to LTL 34.5 million (EUR 10 million). This year
the sales of production decreased by 41 percent. 

According to the General Manager of Utenos Trikotažas AB, Mr Nerijus Vilūnas,
the plan of actions implemented by the Company by reducing expenditure and
management body of the Company, managing efficiently the resources and adapting
production processes to decreased sales volumes is already having effect. “The
situation of the recent month's shows that the Company can be stable even if
the sales volumes are less than it was usual in the recent years. The Company's
strengths are its flexibility, quality, reliability and long-lasting
cooperation with the major customers of the Company.” 

Interim consolidated financial statements of Utenos trikotažas AB for three
months of 2009 and confirmation of responsible persons are enclosed. 

General Director
Nerijus Vilūnas
tel.+370-389-51445

Attachments:

2009m 3 menesiu tarpine informacija eng.pdf