2013-05-31 15:00:01 CEST

2013-05-31 15:00:05 CEST


REGLAMENTUOJAMA INFORMACIJA

Agrowill Group AB - Interim information

Interim information of Agrowill Group AB for the 3 month period ended 31 March 2013 


The total consolidated Agrowill Group , AB Group's revenue for the three months
of 2013 was LTL 10,017 million (EUR 2,901 million), an increase by 2 per cent
over the total revenue of LTL 9,817 million (EUR 2,843 million) for the three
months of 2012. 

EBITDA for the three months of 2013 went up by 56 per cent to LTL 2,427 million
(EUR 0,703 million), as compared to LTL 1,556 million (EUR 0,451 million) in
the three months of 2012. 

Net loss in January-March of 2013 was LTL 2,489 million (EUR 0,721 million). It
was a net loss of LTL 2,526 million (EUR 0,732 million) over same period a year
ago. 

The ongoing plant operations, all the fertilizers, chemicals and fuel
procurement, labour costs are accounted as unfinished production, and the
Group's operating results include only dairy business results, and current
expenses and financial costs. Most of the revenue and hence profit, will be
accounted after selling of the harvest - in this year's third and fourth
quarters. It is important to note that the Company's revenues from crop
production accounts for about 60 percent of total revenues. 

Agrowill Group , AB has achieved 10 percent higher profitability due to
permanent increase of milking cows herd. This allowed to decrease the costs of
raw milk production and increase efectiveness of production. Higher
efectiveness and lower  financial costs in total costs structure resulted
increase of EBITDA by more than 50 percent. In the first quarter of the year, the Agrowill Group, AB and bank Snoras BAB
signed an agreement to prolong repayment of loan in amount of LTL 22.06 million
until 20 March 2016. Also part of the revenues from harvest of the year  2012
has been used to pay short term liabilities. This resulted increase of the
Group‘s liquidity ratio by 18 percent up to 74 percent. 


         Vladas Bagavičius,
         Chairman of the Board
         tel. +370 610 31807