Snaige - Interim information

Snaigė, AB’s EBITDA reached 2.8 million euro in the first nine months of this year

Alytus, Lithuania, 2015-11-30 15:21 CET (GLOBE NEWSWIRE) -- Snaigė, AB’s EBITDA
reached 2.8 million euro in the first nine months of this year (according to
the unaudited consolidated data), which is 28% higher than compared to the same
period last year. The company made a profit of 0.9 million euro (according to
the unaudited consolidated data), which is 2.5 times more than last year. The
company’s export accounted to around 94% of its sales. 

  According to Gediminas Čeika, the CEO of Snaigė AB, this result is an
excellent proof of how efficient and flexible the operations of the company
are. The company not only managed to recover for the decreased sales in the
significant markets of Ukraine, Russia and the Middle Asia, but also to earn
more. 

  The majority of production within 9 months of this year, Snaige AB sold in
France (21 percent), Germany (13 percent), Poland (13 percent) . The company
managed to establish itself in new markets - Scandinavia, Israel, Azerbaijan
and Georgia. 

  In September, the company participated in the international fair for home
appliances IFA 2015 in Berlin, where it presented its most recent products: NO
FROST fridge-freezers with electronic control systems, luxurious double
fridge-freezers with glass surface doors RF34TWINS, a single-door
fridge-freezer C27 and the most recent commercial display cooler CD40. Snaigė’s
stand attracted much interest from both the attendees of the trade fair as well
as potential clients. A fridge upholstered in faux crocodile leather raised
great interest from the journalists of the international newspapers and portal
USA TODAY. 

http://refrigerators.reviewed.com/features/snaige-leather-refrigerator-ifa-2015?
utm_source=usat&utm_medium=referral&utm_campaign=collab 


         Director General of Snaigė AB
         Gediminas Čeika
         +370 315 56206

Attachments:

SNG_ 2015 QIII financial statements with confirmation.pdf