During the three months of 2017, the AB Grigeo Grigiškės Group achieved the consolidated sales turnover of Euro 30.2 million. It is by 16% more than during the same period of 2016, when consolidated Group’s turnover was Euro 26 million.
At this moment the Group consisting of AB Grigeo Grigiškės, UAB Grigeo Baltwood, AB Grigeo Klaipėdos Kartonas, PAT Mena Pak and UAB Grigeo Recycling.
During the same period in question, the AB Grigeo Grigiškės (the Company) sales amounted to Euro 16.3 million, which is by 22% more than in the same period last year – Euro 13.4 million.
During the reporting period, the Group earned Euro 1.5 million profit before taxes, which is by 7% more than in the same period last year.
During the first quarter of 2017, the Company earned Euro 1.1 million profit before taxes, which is by 2.75 times more than in the same period last year.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) of the Group and Company, if compared with the three months of 2016, increased by 22% and 43%, respectively: during the three months of 2017, EBITDA of the Group was Euro 5 million, of the Company Euro 3 million.
AB Grigeo Grigiškes produces and sells toilet paper, paper towels, paper napkins, corrugated cardboards, and products from corrugated cardboards.
