Earnings Release • Aug 29, 2014
Earnings Release
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Vilkyškių pieninė AB, was established in 1993 m. On the 30th of June 2014 the Group had 990 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.
The subsidiary Company Established in 2013 Main activities: Rent of buildings
| 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 | Kelmės 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. |
| 2013 | Operations of liquid dairy products packaging line were started, that enables to package products in Tetra Top packaging. |
| The building of milk truck washes, garage, warehouse, workshop with household and auxiliary facilities, administrative offices, engineering networks, parks and access was put into operation. This building was the largest construction project in recent years. |
|
| Whey products plant extension was completed and that allowed to process up to 600 tons recycled product per day. At the end of the year, the whey ultrafiltration project was implemented. This is a new technology, that allows to breake the whey into its components. |
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| Verslo žinios in conjunction with the market research company "Nielsen" selected Vilkyškių pieninė AB / Vilkyškių brand as the most successful brand and gave a nomination of "Brand of the Year 2013". |
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| 2005-2013 | 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% |
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"During the first half of this year, the revenue of the Group amounted to 192 million LTL and it is 22 percent more comparing to the same period of the last year. Net profit for the first half of 2014 was 3,844 thousand LTL, while for the same period last year it was 1,752 thousand LTL. During the first half of this year, the Group of Vilkyškių pieninė AB continued to increase its sels in Central European and Baltic countries, the Persian Gulf countries and other markets. Established comercial relations with potential customers in Singapore and the United States."
| (Thousands LTL) | 2013 I Q | 2013 II Q | 2014 I Q | 2014 II Q |
|---|---|---|---|---|
| Revenue | 70,395 | 87,651 | 97,737 | 94,496 |
| EBITDA | 1,077 | 5,342 | 2,570 | 5,945 |
| EBITDA margin (%) | 1.5% | 6.1% | 3% | 6% |
| Amortisation and depreciation | 1,960 | 1,955 | 2,081 | 2,044 |
| Net profit | -1,199 | 2,951 | 241 | 3,603 |
| Profit margin (%) | -1.7% | 3.4% | 0.2% | 3.8% |
| Quantity of purchased milk, t | 40,493 | 49,860 | 43,828 | 68,968 |
| Profit (loss) per share (Litas) | -0.10 | 0.25 | 0.02 | 0.30 |
| Net financial debt | 62,470 | 59,818 | 61,501 | 62,486 |
2013 I Q 2013 II Q 2014 I Q 2014 II Q
| (Thousands LTL) | H 1 2013 | H 1 2014 | ||
|---|---|---|---|---|
| Lithuania | 53,144 | 34% | 60,461 | 31% |
| European Union | 45,476 | 29% | 63,572 | 33% |
| Russia | 52,144 | 33% | 56,566 | 29% |
| Other countries | 7,282 | 4% | 11,634 | 7% |
| Total: | 158,046 | 192,233 |
| (Thousands LTL) | H1 2013 | H1 2014 | ||
|---|---|---|---|---|
| Fermented cheese | 70,310 | 44% | 92,973 | 48% |
| Cream | 27,945 | 18% | 39,428 | 21% |
| Whey products | 7,982 | 5% | 10,395 | 5% |
| Sour cream | 4,388 | 3% | 7,702 | 4% |
| Curd products | 20,793 | 13% | 19,453 | 10% |
| Jogurt | 9,614 | 6% | 10,031 | 5% |
| Butter | 4,388 | 3% | 3,144 | 2% |
| Other income | 12,625 | 8% | 9,107 | 5% |
| Total income: | 158,046 | 192,233 |
Vilkyškiai, Pagėgių sav. 277160980 tel. 8-441-55330 fax. 8-441-55242 [email protected] www.vilkyskiu.lt
Gintaras Bertašius Director General
tel. 8-441-55330 [email protected]
Vilija Milaševičiutė Economic and Finance Director
tel. 8-441-55102 [email protected]
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