Posted November 13, 2017
During the first nine months of 2017, the AB Grigeo Group (the Group) achieved the consolidated sales turnover of Euro 96.2 million. It is by 29% more than during the same period of 2016, when consolidated Group’s turnover was Euro 74.5 million. At this moment the Group consisting of AB Grigeo, UAB Grigeo Baltwood, AB Grigeo Klaipėda, PAT Mena Pak and UAB Grigeo Recycling.
During the same period in question, the AB Grigeo (the Company) sales amounted to Euro 52.2 million, which is by 26% more than in the same period last year – Euro 41.3 million.
During the reporting period, the Group earned Euro 6.2 million profit before taxes, which is by 68% more than in the same period last year.
During the nine months of 2017, the Company earned Euro 2.6 million profit before taxes.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) of the Group and Company, if compared with the nine months of 2016, increased by 42% and 11%, respectively: during the nine months of 2017, EBITDA of the Group was Euro 17 million, of the Company Euro 7.9 million.
AB Grigeo Grigiškes produces and sells toilet paper, paper towels, paper napkins, corrugated cardboards, and products from corrugated cardboards.