Overview of Vilniaus Baldai AB Financial Performance for FY2024
Vilniaus Baldai AB has recently released its financial statement, showcasing the performance of the Group for the financial year ending August 31, 2024. This significant report highlights essential figures worth noting for investors and stakeholders interested in the company.
Group Revenue Insights
The reported Group Revenue for the period of September 2023 to August 2024 stands at 97,272 thousand EUR, which indicates a slight decline when compared to the previous financial year's revenue of 97,868 thousand EUR. This minor drop reflects the ongoing market adjustments and the impact of various economic factors.
Quarterly Revenue Analysis
In further analysis, the Group's revenue for the specific quarter of June to August 2024 totaled 25,460 thousand EUR, showcasing a decrease from the 26,322 thousand EUR achieved during the same period in FY2023. Monitoring these figures can help in understanding the seasonal trends and potential opportunities for growth.
Profit and EBITDA Performance
Net profit for Vilniaus Baldai AB during the twelve-month period of September 2023 to August 2024 was recorded at 10,806 thousand EUR. This is a noteworthy increase, especially when evaluating the net profit in the preceding period (September 2022 to August 2023), which was significantly lower at 1,589 thousand EUR.
EBITDA Analysis
The earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to 1,589 thousand EUR for FY2024, contrasting sharply with an EBITDA of 8,772 thousand EUR from the same period last year. It is crucial for potential investors to examine these fluctuations to better gauge the company's operational efficiency.
Comparative Results and Trends
During the June to August 2024 quarter, Vilniaus Baldai AB's net profit reached 2,905 thousand EUR, also showing a rise compared to 1,934 thousand EUR earned in the same quarter of FY2023. This rise is encouraging and indicates the company's positive momentum.
Future Outlook and Market Position
The data presented paints a picture of a company navigating through a mixed financial landscape. While there are declines in revenue, profits show an upward trend, illuminating the Group's potential resilience and adaptability. Stakeholders and analysts will be keen to observe how Vilniaus Baldai AB continues to strategize to foster growth in future revenue and profitability metrics.
Contact Information
For those seeking further insights or needing clarification regarding the recent financial statements, they can reach out to:
Head of Finance
Egidijus Žvaliauskas
Phone No: +370 5 2525700
Frequently Asked Questions
What is Vilniaus Baldai AB's revenue for FY2024?
For FY2024, Vilniaus Baldai AB reported a revenue of 97,272 thousand EUR.
How did the net profit change from FY2023 to FY2024?
Net profit increased from 1,589 thousand EUR in FY2023 to 10,806 thousand EUR in FY2024.
What was the Group's EBITDA for the last financial year?
The Group's EBITDA for FY2024 was recorded at 1,589 thousand EUR.
What are the key financial figures for the June to August 2024 quarter?
The net profit was 2,905 thousand EUR with an EBITDA of 4,789 thousand EUR.
Who can be contacted for further information on financial performance?
Contact Egidijus Žvaliauskas, Head of Finance, for more information.