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2008-08-08 13:20:49 CEST 2008-08-08 13:21:49 CEST SÄÄNNELTY TIETO Vilniaus Baldai AB - Notification on material eventRevised forecasts of Vilniaus Baldai AB for 2008The Board of Vilniaus Baldai AB confirmed revised forecast of activity results for 2008: - sales - 148.6 mLTL (43.04 mEUR); - net loss - 0.6 mLTL (0.17 mEUR); - EBITDA - 12.7 mLTL (3.68 mEUR). The forecast was revised considering company's results for the first half of 2008, that didn't reach the expected level due to implementation of three new products at the same time and faced difficulties of production process arrangement. Moreover, the forecasted influence of Giriu Bizonas UAB changed. Revising forecasts Giriu Bizonas UAB influence was calculated according to actual results of the first half of 2008 (2.1 mLTL (0.61 mEUR) loss attributable to Vilniaus Baldai UAB) and the profit of the second half considered to be equal zero. Additional information: Nerijus Pacevičius Chief executive officer Phone No: +370 5 2525700 |
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