AB ,,Utenos trikotažas” sales for the III quarter of 2011
AB „Utenos trikotažas" sales for the III quarter of 2011 reached LTL 11.7 million (EUR 3.4 million), 23.8 % less than during the same period in 2010. The company sales for the III quarter of 2011 reached LTL 40.8 million (EUR 11.8 million), 10.3 % less than during the same period in 2010.
Consolidated Group sales for the III quarter of 2011 reached LTL 14.1 million (EUR 4.1 million), 19.7 % less than during the same period in 2010. Consolidated group sales for the III quarter of 2011 reached LTL 48.1 million (EUR 13.9 million), 9 % less than during the same period in 2010.
“The sharp decrease in sales of basic products to retail clients focused on middle – lower market segments was the main reason behind the lower third quarter sales. We believe this was mainly influenced by the decrease in consumer consumption as the fears of economy slowdown in Europe recurred. Nonetheless the sales to clients, demanding ecological, high quality, value added products, remained strong and accounted about 90% of total exports. This partially offsets declining sales of basic, low value added products. The increase of high value added products sales is our continued priority. In Lithuanian market, which contributes to approximately one tenth of our revenues, we concentrate our marketing efforts to our branded Rokas, Gunda or Eko product lines.” - says the General Manager of the company Utenos trikotažas Gintautas Bareika.
For more information please contact Mr. Gintautas Bareika, Managing Director of AB „Utenos trikotažas“, tel No. +370 389 51445.
I, the undersigned, confirm that the above information is complete and true.
Managing Director AB „Utenos trikotažas“ Gintautas Bareika
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