AB Pieno žvaigzdes Reports Growth in Nine-Month Sales for 2024
AB Pieno žvaigzdes Financial Performance Overview
In the preliminary unaudited financial results, AB Pieno žvaigžd?s showcased impressive sales revenue for the first nine months of 2024, reaching EUR 159.2 million. This marks a notable increase of 4.1% compared to the same period in the previous year, where sales revenue was EUR 153.0 million. The company's ability to grow revenue reflects its robust market strategies and operational efficiencies.
EBITDA Analysis
The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the initial nine months of 2024 stood at EUR 16.7 million. Although this figure shows a decline from last year's EBITDA of EUR 18.2 million, it still demonstrates resilient performance amid market changes. The fluctuation in EBITDA can be attributed to various factors, including shifts in operational costs and market dynamics.
Net Profit Trends
AB Pieno žvaigžd?s reported a net profit of EUR 11.5 million for the first nine months of 2024. In contrast, the previous year's net profit was slightly higher at EUR 12.6 million. This reduction in profit highlights the challenges the company faces, yet the positive sales growth is indicative of underlying strengths in its revenue-generating capabilities.
Meet the CFO
Laimonas Vaškevi?ius, the CFO of AB Pieno žvaigžd?s, has been pivotal in navigating the company's financial landscape. His leadership has been essential in implementing strategies that support growth and enhance financial resilience. For any inquiries, he can be reached at +370 52461419.
Frequently Asked Questions
What was the sales revenue for AB Pieno žvaigžd?s in 2024?
The sales revenue for the first nine months of 2024 was EUR 159.2 million, a 4.1% increase from 2023.
How does the EBITDA for 2024 compare to 2023?
AB Pieno žvaigžd?s reported an EBITDA of EUR 16.7 million in 2024, compared to EUR 18.2 million in 2023.
What was the net profit for the company?
The net profit for the first nine months of 2024 was EUR 11.5 million, slightly down from EUR 12.6 million in 2023.
Who is the CFO of AB Pieno žvaigžd?s?
Laimonas Vaškevi?ius serves as the CFO and has played a crucial role in the company's financial management.
How can I contact the CFO?
You can reach Laimonas Vaškevi?ius at +370 52461419 for inquiries related to the company.
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