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Lithuania's Vilniaus baldai FY revenue rises

By Reuters News


Overview

  • Lithuania furniture maker's full-year revenue rose compared to previous year

  • Full-year net profit declined sharply from previous year

  • Q4 revenue increased and company returned to profit after prior-year loss


Outlook

  • Company did not provide specific financial guidance or outlook for future periods in the press release


Result Drivers

  • COST-OF-SALES PRESSURE – Revenue rose 6.5% but cost of sales increased 12.6%, cutting gross profit 36.0% to €8.413 mln

  • LOWER OPERATING PROFIT – Gross-profit erosion outweighed lower distribution and administrative costs and higher other operating income, reducing operating profit 64.6%

  • IMPROVED FINANCE COSTS – Net financial costs fell to €1.563 mln from €1.993 mln, partly cushioning the decline in pre-tax profit


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

FY Revenue

EUR 110.99 mln

FY Net Income

EUR 768,000

FY EBITDA

EUR 7.43 mln


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  • Oct 30 - Utenos Trikotazas Q3 revenue on strong Scandinavian export sales


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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