Baltijos Baldu Grupe sales fall to $52.4 million in 2005
6. Baltijos Baldu Grupe (Baltic Furniture Group) reported preliminary sales of almost LTL 150 million ($52.4 million) for 2005.
Jan 10, 2006. /Lesprom Network/. Baltijos Baldu Grupe (Baltic Furniture Group) reported preliminary sales of almost LTL 150 million ($52.4 million) for 2005, a drop of 22.4% from sales of LTL 193.3 million ($67.6 million) in 2004.
The group owns three Lithuanian furniture manufacturers, Freda, Dilikas and Wood Team Production. It is projecting LTL 221.5 million ($77.4 million) in consolidated sales this year.
In December, the three companies boosted their combined sales by 36% year-on-year to LTL 13.84 million ($4.8 million).
Rimas Varanauskas and Kestutis Linkus each hold 50% stakes in BBG. Both men earlier worked for SBA, a group with major holdings in the domestic furniture industry.