For the first three months of 2024, the Grigeo AB (official name is currently being changed to AB “Grigeo Group”) group of companies (hereinafter the Group), consisting of Grigeo AB, Grigeo Packaging UAB, Grigeo Baltwood UAB, Grigeo Klaipėda AB, Mena. Pak AT, Grigeo Recycling UAB, Grigeo Recycling SIA, Grigeo Paper Packaging UAB, Grigeo Tissue UAB, Grigeo Hygiene UAB, Niedomickie Zakłady Papiernicze sp. z oo and Energia Cieplna Niedomice sp. z oo achieved consolidated sales of EUR 48.7 million, EUR 5.4 million less than in the respective periods of 2023.
During the reporting period, the Group earned a profit before tax of EUR 5.2 million, which was EUR 4.4 million lower than in the same period in 2023.
The Group's earnings before interest, taxes, depreciation and amortization (EBITDA) decreased by EUR 4.6 million compared to the three months of 2023, reaching EUR 7.4 million.
The following table summarizes the three-month performance numbers included in this announcement.
|
Indicator, million euros |
2024 |
2023 |
change |
|
revenue |
48.7 |
54.1 |
(Ten%) |
|
EBITDA* |
7.4 |
12.0 |
(39%) |
|
Earnings before tax (EBT) |
5.2 |
9.7 |
(46%) |
*The calculation results are set out in note 18 of the attached schedule.
Details regarding these changes are contained in Grigeo AB's interim management report and unaudited consolidated financial statements for the three months of 2024 (see attachment).
Thomas Jozonis
CFO
+370 5 243 58 01
attachment
