Pieno Zvaigzdes

Earnings Release • Nov 27, 2019

Disclosure 377014

Pieno Zvaigzdes - Notification on material event

Pieno zvaigzdes AB, not audited financial results for the first nine months of 2019

Based on preliminary unaudited results Company‘s sales over first nine months in 2019 accounted to 128.9 million EUR, or 1.5% lower compare to a year ago. Sales resulted over first nine months in 2018 were 130.8 million EUR.

Over the first nine months of the year Company’s EBITDA accounted to 8.8 million EUR and decreased by 4.0% compare with 9.2 million EUR EBITDA a year ago.

Company’s net profit over the first nine months of 2019 was 3.9 million EUR and increased by 19% compare with a 3.3 million EUR net profit accounted over first nine months of 2018.

Audrius Statulevičius

CFO

+370 52461419