Vilnius, Lietuva, 2016-08-17 08:29 CEST (GLOBE NEWSWIRE) -- Sales revenue excluding excise duty of AB Vilniaus degtine amounted to EUR 10,505.4 thousand in the six-month period of 2016 and increased by 11.6 percent, compared to the same time period last year (in 2015 – EUR 9,413.7 thousand).
The Companyʼs profit amounted to EUR 879,0 thousands in the six-month period of 2016 and increased by 66.5 percent, compared to the same time period last year (in 2015 – EUR 527,9 thousands).
EBITDA of the Company amounted to EUR 1,504.1 thousands in January-June 2016 and increased by 45.5 percent, compared to the same time period last year (in January-June 2015 – EUR 1,033.7 thousands). EBITDA margin has increased from 10.98 percent to 14.32 percent during the year.
Export of products of Vilniaus degtinė, AB to EU and third countries increased by 16.5 percent in January-June 2016, compared to the same time period last year.
Better sales performance during six-month period 2016 was mainly influenced by brandy “Renaissance”, a successful upgrade of “Bajorų Premium“ and „Barska Premium“ (export label) vodka family, also an introduction of new – „Bajorų Organic Vodka“ at the end of 2015. According to AC Nielsen, at the end of May 2016 “Bajorų“ vodka volume share in Lithuania reached 9.5 percent of total vodka market ( or +1.4 pp vs LY).
The modernisation project of the only Lithuania Obeliai Distillery (branch of AB Vilniaus degtinė) has been finished. During 4 years of this project 10 million EUR have been invested. After modernisation distillery is running on renewable energy sources, it is also estimated the production cost to decrease by 25% and up to 30% increase in supply rate from local farmers. Modernisation project will also reinforce its authenticity and ensure raw material supply for production of spirits in AB Vilniaus degtinė with exceptional Lithuanian provenance.
Director General
Dovilė Tamoševičienė
Phone: +370 5 233 0819
