Grigeo
Interim information

GRIGISKES AB: interim consolidated report of GRIGISKES AB covering nine months of 2014 and endorsement of the responsible persons

Vilnius, Lithuania, 2014-11-03 12:19 CET -- During the nine months of 2014, 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 261.8 million (EUR 75.8 million). It is LTL 17.4 million (EUR 5 million) or 7.1% more than during the nine months in 2013.

During the same period in question, the Company's sales amounted to LTL 123.7 million (EUR 35.8 million), which is LTL 15.3 million (EUR 4.4 million) or 14.1% more than in the same period last year.

During the reporting period, the Group earned LTL 18.9 million (EUR 5.5 million) profit before taxes, which is LTL 7.1 million (EUR 2.1 million) or 60.9% more than in the same period last year.

During the nine months of 2014, the Company earned LTL 8.4 million (EUR 2.4 million) profit before taxes, which is LTL 2.3 million (EUR 0.7 million) or 38.7% more than in the same period last year.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) of the Group and Company, if compared with the nine months of 2013, increased by 25.3% and 13.7%, respectively: during the nine months of 2014, EBITDA of the Group was LTL 41.1 million (EUR 11.9 million), of the Company LTL 20.1 million (EUR 5.8 million).

More information is provided in the interim consolidated report of GRIGISKES AB covering the nine months of 2014 with endorsement of the responsible persons (see attachments).

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