Unaudited Performance Results of Panevezio statybos trestas AB and the Group for the First Half of 2019

Referring to the unaudited data, over the six months of 2019, the turnover of Panevezio statybos trestas AB amounted to 50.414 mln. Euros, that is by 28.6 per cents higher compared to the six months of the year 2018. The turnover for the six months of the year 2018 was 39.208 mln. Euros. In the first half of 2019, the company made the net profit in the amount of 0.807 mln. Euros, whereas over the first half of 2018 the company incurred losses in the amount of 0.664 mln. Euros.

The consolidated comprehensive income of the Group of Panevezio statybos trestas AB amounted to 49.324 mln. Euros and increased by 8.2 per cents compared to the income for the first half of 2018. Over the accounting period the Group made the net profit in the amount of 0.903 mln. Euros, whereas over the first half of 2018 the Group incurred losses in the amount of 0.879 mln. Euros.

Over the six months of 2019, EBITDA – earnings before interest, taxes, depreciation and amortization – of the company was 1.592 mln. Euros with 0.005 mln. Euros over the first half of the year 2018. EBITDA of the Group was 1.797 mln. Euros over the six months of 2019 compared to 0.003 mln. Euros over the first half of 2018.

For more information contact:

Dalius Gesevicius

Managing Director

Phone: (+370 45) 505 503

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