Earnings Release • Jun 2, 2014
Earnings Release
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Vilkyškių pieninė AB, was established in 1993 m. On the 31th of March 2014 the Group had 940 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. |
|
| 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". |
|
| 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% |
During the first three months of this year, the revenue of the Group amounted to 97,7 million LTL and it is 39 percent more comparing to the last year. The EBITDA of 3 months of 2014 was 2,6 million LTL, The EBITDA of 3 months of 2013 was 1,1 million LTL. Net profit for the 3 months of 2014 was 241 thousand LTL, net loss for the 3 months of 2013 was 1,2 million LTL.
| (Thousands LTL) | 2013 I Q | 2013 II Q | 2013 III Q | 2013 IV Q | 2014 I Q |
|---|---|---|---|---|---|
| Revenue | 70,395 | 87,651 | 106,385 | 100,001 | 97,737 |
| EBITDA | 1,077 | 5,342 | 11,444 | 6,232 | 2,570 |
| EBITDA margin (%) | 2% | 6% | 11% | 6% | 3% |
| Amortisation and depreciation | 1,960 | 1,955 | 1,988 | 1,883 | 2,081 |
| Net profit | -1,199 | 2,951 | 8,106 | 3,151 | 241 |
| Profit margin (%) | -2% | 3% | 8% | 3% | 0.2% |
| Quantity of purchased milk, t | 40,493 | 49,860 | 62,261 | 55,766 | 43,828 |
| Profit (loss) per share (Litas) | -0.10 | 0.25 | 0.68 | 0.26 | 0.02 |
| Net financial debt | 62,470 | 59,818 | 52,378 | 54,510 | 61,501 |
| (Thousands LTL) | 2013 III Q | 2014 III Q | ||
|---|---|---|---|---|
| Lithuania | 26,800 | 38% | 30,487 | 31% |
| European Union | 16,183 | 23% | 32,736 | 33% |
| Russia | 23,732 | 34% | 27,915 | 29% |
| Other countries | 3,680 | 5% | 6,599 | 4% |
| Total: | 70,395 | 97,737 |
2013 III Q
| (Thousands LTL) | 2013 III Q | 2014 III Q | ||
|---|---|---|---|---|
| Fermented cheese | 32,621 | 46% | 50,122 | 51% |
| Cream | 10,073 | 14% | 18,977 | 19% |
| Whey products | 3,452 | 5% | 5,455 | 6% |
| Sour cream | 4,515 | 6% | 3,263 | 3% |
| Curd products | 10,291 | 15% | 8,967 | 9% |
| Jogurt | 3,854 | 5% | 4,364 | 4% |
| Butter | 2,537 | 4% | 1,628 | 2% |
| Other income | 3,052 | 5% | 4,961 | 6% |
| Total income: | 70,395 | 97,737 |
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 Economic and Finance Director
tel.8-441-55102 [email protected]
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