Posted 十一月 23, 2015
Nov 23, 2015. /Lesprom Network/. During the nine months of 2015, the Group consisting of AB Grigeo Grigiskes, UAB Grigeo Baltwood, AB Grigeo Klaipedos kartonas, PAT Mena Pak and UAB Grigeo Recycling achieved the consolidate sales turnover of Euro 78.2 million. It is by Euro 2.4 million, or 3% more than during the nine months of 2014, as the company says in the press release received by Lesprom Network.
During the same period in question, the Company's sales amounted to Euro 40.5 million, which is by Euro 4.7 million, or 13% more than in the same period last year.
During the reporting period, the Group earned Euro 6.8 million profit before taxes, which is by Euro 1.4 million, or 25% more than in the same period last year.
During the nine months of 2015, the Company earned Euro 2.5 million profit before taxes, which is by Euro 0.1 million, or 4% 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 nine months of 2014, increased by 18% and 9%, respectively: during the nine months of 2015, EBITDA of the Group was Euro 14 million, of the Company Euro 6.4 million.
Taking into account trends of the nine months of 2015 AB Grigeo Grigiskes forecasts that sales of year 2015 will exceed last years’ sales by Euro 7.6 million, or 15.7% and will reach Euro 56 million. Profit before taxes will reach Euro 3.1 million and although it will be Euro 0.5 million less than a year ago, EBITDA of the year 2015 will reach Euro 8.6 million and will be by Euro 0.6 million or 6.9 % higher than in 2014.
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.