Sales and EBITDA of GRIGISKES AB were growing over

Vilnius, Lithuania, 2013-10-23 08:26 CEST (GLOBE NEWSWIRE) -- During the nine months of 2013, the Group consisting of GRIGISKES AB, Baltwood UAB, Klaipedos kartonas AB, Mena Pak PAT, and Klaipeda recycling UAB achieved the consolidate sales turnover of LTL 244.5 million (EUR 70.8 million). It is LTL 25.7 million (EUR 7.5 million) or 11.8% more than during the nine months in 2012.

During the same period in question, the Company's sales amounted to LTL 108.5 million (EUR 31.4 million), which is LTL 27.2 million (EUR 7.9 million) or 33.5% more than in the same period last year.

During the reporting period, the Group earned LTL 11.7 million (EUR 3.4 million) profit before taxes, which is LTL 2.1 million (EUR 0.6 million) or 21.5% more than in the same period last year.

During the nine months of 2013, the Company earned LTL 6.1 million (EUR 1.8 million) profit before taxes.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) of the Group and Company, if compared with the nine months of 2012, increased by 16.1% and 9.3%, respectively: during the nine months of 2013, EBITDA of the Group was LTL 32.8 million (EUR 9.5 million), of the Company LTL 17.7 million (EUR 5.1 million).

Growth of financial figures was achieved at the result of completed investments in 2012 and the expansion of sales in 2013.

         Gintautas Pangonis          President of GRIGISKES AB          (+370-5) 243 58 01