Interim information of AUGA group, AB for the 12-month period ended 31 December 2018
AUGA group, AB (company code 126264360, address: Konstitucijos ave. 21C, Vilnius) provides interim unaudited financial information for the 12-month period ended 31 December 2018 with confirmation of responsible persons.
During the twelve months of 2018, AUGA group, AB and its subsidiaries (hereinafter - the Group) sales revenue amounted to EUR 54.79 million, a 12% increase compared to the same period of 2017, when it was EUR 48.78 million.
The Group’s gross profit for the twelve months of 2018 amounted to EUR 3.74 million and was lower compared to the same period of 2017 (gross profit for the first nine months of 2017 - EUR 14.93 million).
During the twelve months period of 2018, the Group incurred EUR 6.26 million net loss (EUR 5.02 million net profit was earned in the same period last year).
| Main financial results, million EUR | 12 months of 2018 | 12 months of 2017 | Change, % |
| Revenues | 54.79 | 48.78 | 12% |
| Gross profit (loss) | 3.74 | 14.93 | -75% |
| Net profit (loss) | -6.26 | 5.02 | -125% |
| EBITDA | 3.30 | 14.19 | -77% |
The Group’s EBITDA for the twelve months of 2018, eliminating one-time transaction, in particularly, the one-off costs related to the termination of the acquisition of shares of UAB Arginta Engineering, amounted to EUR 3.30 million. Compared to the same period of 2017, EBITDA indicator was EUR 14.19 million.
Group’s financial results were negatively affected mainly by crop segment due to unfavorable weather conditions during harvest season of 2017/2018.
More detailed analysis is provided in the management report section in interim unaudited financial information for the 12 months period ended 31 December 2018.
Attached:
1. Confirmation of responsible persons.
2. Consolidated unaudited financial statements for the twelve months period ended 31 December 2018.
General Manager
Linas Bulzgys
Attachments
