Vilnius, Lithuania, 2015-11-30 15:18 CET (GLOBE NEWSWIRE) -- Interim 9-Month Results of Vilniaus Degtinė AB (2015)
Sales revenues including excise duty of Vilniaus Degtinė, AB grew by 4.2 percent in January-September of 2015, if compared to the same period in 2014. Sales revenues including excise duty reached EUR 41 260k for the period January-September of 2015, while they were equal to EUR 39 610k in the period January-September of 2014.
Sales revenues excluding excise duty of Vilniaus Degtinė, AB grew up by 11.0 percent in January-September of 2015 (EUR 14 582k), if compared to the same period in 2014 (EUR 13 137k).
Export of products of Vilniaus degtinė, AB to EU and third countries increased by 55.5 percent in January-September of 2015, if compared with the same period of the previous year.
The opening of the new markets has given a big push forward to the Company. Since the beginning of the year 2015, the Company represents its own products as well MBWS group products in Lithuania, Latvia, Estonia, Eastern Europe and CIS countries. The Company’s and MBWS group’s products are constantly supplied to the Baltic markets, Ukraine, Belarus and Georgia. In September 2015 the Company signed agreements for the supply of goods to Kazakhstan and Azerbaijan. Supply to the Russian Federation will be launched in the beginning of December.
According to the investment plan of French Group Marie Brizard Wine & Spirits (further – MBWS), modernisation of the only distillery in Lithuania – Obeliai Distillery of Vilniaus degtinė has been launched this year and the total value of investments is EUR 3.1 million. The above-mentioned investment will be made into refurbishment of the distillery to increase productive capacities of the plant by 1.5 times, achieving output of up to 27 thousand litre ethyl alcohol per day.
“Bajorų Premium” trademark was renewed in the spring 2015 – updated packaging and launched a new advertising campaign, brought to the Company significant sales growth of this trademark. The sales of “Bajorų Premium” trademark rose more than twice. Another Company’s brand “Shotka” slowly makes its way into foreign markets with the support of the MBWS Group. At this time, the focus of investment are directed to the Spanish market – in order to introduce “Shotka” to this market, events in Barcelona and Madrid are organized. Already from the beginning of the next year the product will take its first steps in France, the US and Canada.
In the third quarter of this year the Company has renewed well-known brands in the market such as “Čepkelių” and “Vilniaus džinas”. In summer 2015 presented brandy “Kaligula”, already in September comprised about 8 percent in the all brandy portfolio sold by the Company.
In July 2014 the Company received income from other activities in amount equal to 304 thousand EUR and there were no such income in 2015. Profit before taxes for the January – September period of 2015 increased by 60 percent compared to profit before taxes for the respective period of 2014, excluding the revenues from other activities described above. And EBITDA for the January – September period of 2015 increased by 21 percent compared to EBITDA for the respective period of 2014, excluding the revenues from other activities described above.
Acting Director General
Genadij Jurgelevič
Phone: +370 5 233 0340
