AB Grigeo Grigiškės FY 2016 sales up 5 per cent

During the twelve months of 2016AB Grigeo Grigiškės sales amounted to Euro 57 million, which is by Euro 2.9 million, or 5% more than during the twelve months of 2015.

During the same period in question, the Company earned Euro 3.3 million profit before taxes, which is by Euro 0.4 million, or 14% more than in the same period last year.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) of the Company, if compared with the twelve months of 2015, increased by 11%, respectively: during the twelve months of 2016, EBITDA of the Company was Euro 9.3 million.

During the twelve months of 2016, the Group consisting of AB Grigeo Grigiškės, UAB Grigeo Baltwood, AB Grigeo Klaipėdos Kartonas, PAT Mena Pak and UAB Grigeo Recycling achieved the consolidate sales turnover of Euro 102.5 million.

During the reporting period, the Group earned Euro 4.5 million profit before taxes. EBITDA of the Group was Euro 16.1 million.

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