During the same period in question, the Company's sales amounted to LTL 167.1 million (Euro 48.4 million), which is LTL 18.5 million (Euro 5.4 million), or 12.5% more than in the same period last year.
During the reporting period, the Group earned LTL 25.9 million (Euro 7.5 million) profit before taxes, which is LTL 10.9 million (Euro 3.2 million), or 72.8% more than in the same period last year.
During the twelve months of 2014, the Company earned LTL 12.3 million (Euro 3.6 million) profit before taxes.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) of the Group and Company, if compared with the twelve months of 2013, increased by 28% and 22.2%, respectively: during the twelve months of 2014, EBITDA of the Group was LTL 55.7 million (Euro 16.1 million), of the Company LTL 27.8 million (Euro 8.1 million).
According to the evaluation made by the Board of Grigiskes AB, on the 20th of December 2013 proclaimed forecasted financial indicators for the year 2014 of Grigiskes AB and Group are achieved. Thus, the Ordinary General Meeting of Shareholders of the Company will be proposed to distribute for dividends for the year 2014 almost 7 cents of LTL per share, which would be equal to 2 cents of Euro per share.
Grigiskes is the biggest manufacturer of sanitary-household paper in the Baltic countries. The company is a manufacturer of toilet paper, paper towels and napkins, corrugated cardboard and cartons, hardboard and painted hardboard.
