Pieno Zvaigzdes

Earnings Release • Aug 4, 2015

Disclosure 326116

Pieno Zvaigzdes - Notification on material event

Pieno zvaigzdes AB, not audited financial results for the first six months and for the II quarter of 2015

Vilnius, Lithuania, 2015-08-04 17:00 CEST (GLOBE NEWSWIRE) -- Based on preliminary unaudited results Company‘s sales over first six months in 2015 accounted to 82.3 million EUR or 39% lower compare with sales a year ago. Sales resulted over first six months in 2014 were 135.5million EUR. Decline of sales was influenced by low product prices and closed Russian market. Over the first six months of the year Company's EBITDA accounted to 3.8 million EUR and decreased by 35.7% compare with EBITDA of 6.0 million EUR a year ago. Company accounted loss of 0.5 million EUR compare with a net profit of 1.1million EUR over same period in 2014. Company‘s sales over II quarter in 2015 accounted to 42.6 million EUR or 39% lower compare to a year ago. Sales resulted over II quarter in 2014 were 69.6 million EUR. In the II quarter Company accounted loss of 0.1 million EUR compare with a net profit of 0.4 million EUR over same period in 2014. Audrius Statulevicius CFO (+370 5)246 1419