Improved EBITDA Results for AB SNAIGĖ in the Third Quarter of This Year
November 23 2023 - 10:00AM
Improved EBITDA Results for AB SNAIGĖ in the Third Quarter of This
Year
In the third quarter of this year, AB SNAIGĖ,
whose controlling stake was recently acquired by the Lithuanian
capital company UAB EDS INVEST 3, reported a consolidated unaudited
EBITDA of 0.235 million EUR. In the same period last year, the
EBITDA indicator was negative, amounting to 1 million EUR.
The company's consolidated unaudited EBITDA for
the first three quarters was negative at -0.6 million EUR. During
the same period last year, the company incurred an EBITDA loss of
over 1.9 million EUR.
In the third quarter of this year, the company
achieved a consolidated unaudited revenue of 4.65 million EUR,
which is 2% lower compared to the same period last year. The
consolidated unaudited revenue for the first three quarters
amounted to 13.8 million EUR, reflecting a 16.4% decrease compared
to the same period last year.
Throughout the first three quarters of this
year, the company exported nearly 95% of its production. The main
export markets included Germany, Ukraine, Poland, the Czech
Republic, and Switzerland.
General directorDarius VarnasPhone No.
+370 315 56200
- Consolidated interim financial statements Q3 2023
Snaige Ab (LSE:0OMU)
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