In 2024, Grigeo Group AB earned Euro 25.3 million profit before taxes, which is by Euro 4.3 million less than in the same period in 2023.

Tissue Paper

Grigeo Group's revenue increased by 9% in 2024

Grigeo Group"s revenue increased by 9% in 2024

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Over 12 months of 2024, Grigeo Group AB company group achieved the consolidated sales turnover of Euro 213.0 million. It is by Euro 17.6 million more than over respective period of 2023.

Over the reporting period, the Group earned Euro 25.3 million profit before taxes, which is by Euro 4.3 million less than in the same period in 2023.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) of the Group, if compared with 12 months of 2023, decreased by Euro 4.0 million and reached Euro 34.9 million.

Grigeo Group AB is the only paper and wood industry company group in Lithuania and one of the largest in the Baltic countries.

Grigeo Group AB company group consists of Grigeo Group AB, Grigeo Packaging UAB, Grigeo Baltwood UAB, Grigeo Klaipėda AB, Mena Pak AT, Grigeo Recycling UAB, Grigeo Recycling SIA, Grigeo Paper Packaging UAB, Grigeo Tissue UAB, Grigeo Hygiene UAB, Grigeo Tissue sp. z o.o and Energia Cieplna Niedomice sp. z o.o.