Earnings Release • Nov 29, 2013
Earnings Release
Open in ViewerOpens in native device viewer
Vilkyškių pieninė AB, was established in 1993 m. On the 30th of September 2013 the Group had 944 employees The production of Diary products is the core of Group business Companys's share capital amounts to 11,9 million. Lt Shares issued by the Company have been included into the Current Trade List of Vilnius Stock Exchange. The shares are listed in the Official List Standards: ISO 9001:2000 and ISO 22000:2000
Parent Company Established in 1993 Main activities: The production of cheese, cream, whey
The subsidiary Company Established in 1992 Main activities: The production of melted smoked cheese, cheese with mould, Mozzarella, other kinds of cheese
The subsidiary Company Established in 1993 m. Main activities: The production of fresh dairy products.
| 1993 | Company established |
|---|---|
| 1999-2000 | the fully computerized and automated technological line of cheese production started to work in Vilkyškiai |
| 2000 | the company received Export Licence to the European Union |
| 2001 | company acquired Taurage workshop form Mažeikiai subsidiary of Pieno Žvaigždės AB |
| 2004 | Vilkyškių pieninė AB received Export Licence to Russia |
| 2006 | acquired "Modest" AB |
| 2006 | the Company have been included into the Current Trade List of Vilnius Stock Exchange |
| 2007 | implement development of main technological line of cheese production in Vilkyškiai |
| 2008 | acquired Kelmės pieninė |
| 2008 | installed the whey processing shop in Vilkyškiai |
| 2008 | These certificates of the standards ISO 9001:2000 and ISO 22000:2000 were presented to Vilkyškių pieninė AB |
| 2009 K | elmės pieninė AB received Export Licence to Russia |
| 2010 | established marketing department |
| 2011 | "Modest" AB received Export Licence to Russia |
| 2011 | the company began to participate in one of the largest food exhitions: "Anuga" in Germany and "SIAL" in France |
| 2011 | brand of the company was changed. Vilvi trademark began to used in Export markets |
| 2011-2012 | many new products were introduced in Lithuanian market; Vilkyskiu assortment of fresh dairy products was significantly expanded |
| 2012 | the second cheese plant development was implemented in Vilkyskiai. |
| 2005-2012 | Company use the support of European Union and other fonds, involve in social projects |
| Shareholder | Shares | Ownership interest |
|---|---|---|
| Gintaras Bertašius | 6,067,206 | 51% |
| Linas Strėlis | 1,918,215 | 16% |
| Non-controlling interest | 3,957,579 | 33% |
| Capital in total | 11,943,000 | 100% |
"During the first nine months of this year, the revenue of the Group amounted to 264 million LTL and it is 22 percent more comparing to the same period of the last year. The sales increased due to changes in products' sales prices in export markets comparing to the same period of the last year. Net profit for the nine months of 2013 was almost 10 million LTL, while for the same period of the last year it was 5 million LTL.
During the nine months of this year, the Group of Vilkyškių pieninė AB intensified its activities in Israel, the Arab countries, the Balkans, the Greek markets, in which products are selling with higher added value. Over the past nine months, we have been conducting intensive marketing activity in neighboring countries, and as a result, the Group introduced its dairy products to major retailers in mentioned regions. What is more, we started to operate new liquid dairy products packaging line, started to sell milk, kefir and drinking yogurts in new tetra top packages and the assortment was supplemented by a new product - different flavor yogurt drink. In addition, the plans for the end of the year 2013 are to introduce several new products and to open the first branded shop of Vilkyškių pieninė AB in Tauragė."
| (Thousands LTL) | 2012 I Q |
2012 II Q |
2012 III Q |
2013 I Q |
2013 II Q |
2013 III Q |
|---|---|---|---|---|---|---|
| Revenue | 68,827 | 69,842 | 77,703 | 70,395 | 87,651 | 106,385 |
| EBITDA | 1 | 3,458 | 7,760 | 1,077 | 5,342 | 11,444 |
| EBITDA margin (%) | 0% | 5% | 10% | 2% | 6% | 11% |
| Amortisation and depreciation | 1,190 | 2,135 | 1,841 | 1,960 | 1,955 | 1,988 |
| Net profit | -1,235 | 1,258 | 5,405 | -1,199 | 2,951 | 8,106 |
| Profit margin (%) | -2% | 2% | 7% | -2% | 3% | 8% |
| Quantity of purchased milk, t | 43,237 | 54,016 | 61,745 | 40,493 | 49,860 | 62,261 |
| Profit (loss) per share (Litas) | -0.10 | 0.11 | 0.45 | -0.10 | 0.25 | 0.68 |
| Net financial debt | 53,438 | 61,043 | 61,551 | 62,470 | 59,818 | 52,378 |
| (Thousands LTL) | 2012 III Q | 2013 III Q | ||
|---|---|---|---|---|
| Lithuania | 80,834 | 37% | 81,024 | 31% |
| European Union | 63,513 | 29% | 72,885 | 28% |
| Russia | 63,512 | 29% | 97,770 | 37% |
| Other countries | 8,513 | 5% | 12,752 | 4% |
| Viso: | 216,372 | 264,431 |
2013 III Q
| (Thousands LTL) | 2012 III Q | 2013 III Q | ||
|---|---|---|---|---|
| Fermented cheese | 102,210 | 47% | 121,069 | 46% |
| Cream | 31,528 | 15% | 53,509 | 20% |
| Whey products | 10,261 | 5% | 13,729 | 5% |
| Sour cream | 15,504 | 7% | 14,826 | 6% |
| Curd products | 27,158 | 13% | 29,553 | 11% |
| Jogurt | 6,544 | 3% | 14,834 | 6% |
| Butter | 10,351 | 5% | 6,540 | 2% |
| Other income | 12,816 | 5% | 10,371 | 4% |
| Total income: | 216,372 | 264,431 |
Vilkyškiai, Pagėgių sav. 277160980 tel. 8-441-55330 faks. 8-441-55242 [email protected] www.vilkyskiu.lt
Gintaras Bertašius Director General
tel.8-441-55330 [email protected]
Vilija Milaševičiutė Finance Director
tel.8-441-55102 [email protected]
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.