Utenos Trikotazas - Interim information

Financial statements for the I quarter of 2015 of AB “Utenos trikotažas”

AB “Utenos Trikotažas” Group sales for the I quarter of 2015 reached EUR 4.3
million, 0.5 % less than during the same period in 2014. AB Utenos Trikotažas
sales for the I quarter of 2015 reached EUR 3.6 million, 6.1 % more than during
the same period in 2014. 

AB “Utenos Trikotažas” Group operating losses for the first quarter of 2015 was
EUR 50 thousand, as in the same period in 2014 the Group earned EUR 182
thousand operating profit.  AB "Utenos trikotažas" incurred EUR 146 thousand of
operating losses for the first quarter of 2015, as in the same period in 2014
the Company earned EUR 63 thousand operating profit. 

“The results of the group in the first quarter were influenced by both
favourable and unfavourable factors. The rising dollar rate and ever-increasing
appeal of Lithuanian manufacturers partially allowed us to counterweight the
adverse factors that influenced our results. The drop in Russian economics and
the decreasing volume of sales of European companies (the customers of AB
“Šatrija”) operating in Russia - a direct result of rouble devaluation - caused
slender results of the first quarter for the UT Group in comparison to the same
period in 2014”, says Gintautas Bareika, Director General of AB “Utenos
trikotažas”. 

AB “Utenos trikotažas” continues its strategy of diverting its focus to create
innovative fabrics and search for new markets: the company participates in
specialized exhibition in Western Europe, and promotes its services, fabrics
and technologies to potential partners and clients. Apart from traditional and
well-known products of the company, fabrics made from certified raw materials
such as organic cotton and wool were offered by “Utenos trikotažas” and
received quite a lot of attention from potential clients; the fabrics made from
natural linen fibre were also popular. The company has already been addressed
by clients from previously unexplored markets - Japan, Australia, Columbia and
South Africa. 

“We are constantly looking for technologically new solutions and are planning
to acquire equipment intended for digital printing on fabrics in the nearest
future”, Mr Bareika told. 

The company plans that this focused activity will help to achieve better
results in 2015. 

For more information please contact Mr. Gintautas Bareika, Managing Director of
AB "Utenos trikotažas", tel. No. 370 389 51445. 

I, the undersigned, confirm that the above information is complete and true.

Managing Director AB “Utenos trikotažas” Gintautas Bareika

Viðhengi:

Confirmation of responsible persons.pdf

2015 IQ tarpine informacija_EN.pdf