The company reported its financial results on the Nasdaq stock exchange, detailing a significant increase in consolidated sales revenue for the period of January through June. Over this six-month period, sales revenue rose by 29.9%, increasing from 142.9 million to 185.5 million euros. In terms of operational profitability, the group’s EBITDA reached 13.7 million euros for the first half of the year.
This figure represents a 9.4% increase when compared to the 12.5 million euros reported during the same period last year. Furthermore, the company attributed the positive growth in net profit to the recent acquisition of Marijampolės pieno konservų in January. The group’s operational scope is diverse, encompassing several key entities including “Vilkyškių pieninė,” “Modest,” “Kelmės pieninė,” “Kelmės pienas,” and “Pieno logistika.” The portfolio also includes the Latvian “Baltic Dairy Board” and the newly integrated Marijampolės pieno konservai.
The company emphasized the broad nature of its industrial activities, highlighting that its operations extend beyond traditional boundaries. These financial metrics underscore the group’s expanding market presence and profitability within the dairy and related consumer goods sectors, supported by its diverse operational structure across multiple entities, all reported in millions of euros.
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