Turnover of furniture manufacturer Vilniaus Baldai AB during period 2013 January – September was 121.696 million litas, this is 32 percent less than in the same period in 2012, when the turnover was 179.141 million litas.

Net profit of Vilniaus Baldai AB during nine months of 2013 was 11.411 million litas, same period year 2012 – 19.549 million litas. EBITDA was 16.270 million litas, a year ago – in 2012 - it was 26.896 million litas.

„Upon completion of mastering the new products and implementation of all investments in the general production, sales and profitability of the Company in the third quarter of 2013 increased" – Aidas Mackevicius, the General Director of Vilniaus Baldai AB, said. Our sales in the third quarter of 2013 grew to 60 percent compared to the second quarter of 2013 (from 33.186 million litas to 53.375 million litas), while the net profit increased over 200 percent at the same period - respectively, from 2.062 million litas to 6.164 million litas.

Currently, production is implemented only in the main factory, whereas planned technical and technological adaptations is placed in the second factory. It is assumed that production in this factory will be renewed already this year and at full capacity factory will be operational in the second quarter of 2014. It is supposed not only growth in output, leading to increased sales and timely implementation of orders, but also creation of about 100 new workplaces. 

Vilniaus Baldai AB exports almost all its production, which buys the Swedish concern IKEA.

Vilniaus Baldai AB is listed on the Official List on NASDAQ OMX Vilnius Stock Exchange. 

Vilniaus Baldai AB interim condensed consolidated financial statement for the nine months of 2013

Vilniaus baldai AB, sales and result for activity during period of January - September 2013

Turnover of Vilniaus baldai AB during period 2013 July – September was 53 375 thousand LTL (15 458 thousand EUR), same period year 2012 – 63 743 thousand LTL (18 461 thousand EUR).

Net profit of Vilniaus baldai AB during period 2013 July – September was 6 164 thousand LTL   (1 785 thousand EUR), same period year 2012 – 8 691 thousand LTL (2 517 thousand EUR). EBITDA was 8 344 thousand LTL (2 417 thousand EUR). Year ago it was 11 513 thousand LTL (3 334 thousand EUR).

Turnover of Vilniaus baldai AB during period 2013 January – September was 121 696 thousand LTL (35 246 thousand EUR), same period year 2012 – 179 141 thousand LTL (51 883 thousand EUR).

Net profit of Vilniaus baldai AB during period 2013 January – September was 11 411 thousand LTL (3 305 thousand EUR), same period year 2012 – 19 549 thousand LTL (5 662 thousand EUR). EBITDA was 16 270 thousand LTL (4 712 thousand EUR). Year ago it was 26 896 thousand LTL (7 790 thousand EUR).


Enclosed:
1. Confirmation of responsible persons;
2. Condensed interim consolidate financial statement for the nine months of 2013;


Additional information:
Chief Financial Officer
Ausra Kibirkstiene
Phone No: +370 5 2525720