Pieno Zvaigzdes - Interim information

Pieno zvaigzdes AB, not audited financial results for the year 2016

Vilnius, Lithuania, 2017-02-28 18:20 CET (GLOBE NEWSWIRE) -- Based on
preliminary unaudited results Company‘s sales over whole year 2016 accounted to
150.1 million euros or 8.3% lower compare with sales a year ago. Sales resulted
over the whole year 2015 were 163.8 million euros. 

In 2016 Company earned 1.707 million euros net profit or 37% less compare with
a net profit a year ago. Net profit in 2015 was 2.662 million euros. 

The company has plans to invest in production modernization about 11 million
euros over the year 2017. We expect that new investments will allow us to
achieve about 10% of sales growth during year 2017. 

Audrius Statulevicius

CFO

(+370 5) 246 1419

Attachments:

2016_4q_PZ_report_Nasdaq_en.pdf