AB Grigeo’s FY 2017 sales increased by 24.6 per cent

During the twelve months of 2017, the Group consisting of AB Grigeo, UAB Grigeo Baltwood, AB Grigeo Klaipėda, PAT Mena Pak and UAB Grigeo Recycling achieved the consolidated sales turnover of Euro 130 million. It is by 26.7% more than during the same period of 2016, when consolidated Group’s turnover was Euro 102.5 million.

During the same period in question, the AB Grigeo sales amounted to Euro 71 million, which is by Euro 14 million, or 24.6% more than in the same period last year.

During the reporting period, the Group earned Euro 8.4 million profit before taxes, which is by Euro 3.9 million, or 86.7% more than in the same period last year.

During the twelve months of 2017, the Company earned Euro 2.9 million profit before taxes.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) of the Group and Company, if compared with the twelve months of 2016, increased by 42.2% and 9.7%, respectively: during the twelve months of 2017, EBITDA of the Group was Euro 22.9 million, of the Company Euro 10.2 million.

AB Grigeo Grigiškes produces and sells toilet paper, paper towels, paper napkins, corrugated cardboards, and products from corrugated cardboards.

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