Alytus, Lithuania, 2016-05-27 16:26 CEST (GLOBE NEWSWIRE) --
Snaige AB in the first quarter of this year earned EUR 438 thousand EBITDA
(unaudited consolidated data ) which is 36 percent more than last year, during
the same period.
According to Snaige CEO Gediminas Ceika, although the first quarter for refrigerator manufacturers and sellers is always the slowest , "off-season", better results have been achieved by the sale of more expensive and profitable products in more profitable markets.
G. Ceika does not expect any dramatic changes in the cooling sector this year. However he has concerns that some of the Turkish manufactures, which had some loss in Russian market, and Chinese manufacturers, due to weakening dollar may begin reducing their prices also in "Snaige" markets.
Director General of Snaige AB Gediminas Ceika +370 315 56206
Attachment:
https://cns.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=573688
According to Snaige CEO Gediminas Ceika, although the first quarter for refrigerator manufacturers and sellers is always the slowest , "off-season", better results have been achieved by the sale of more expensive and profitable products in more profitable markets.
G. Ceika does not expect any dramatic changes in the cooling sector this year. However he has concerns that some of the Turkish manufactures, which had some loss in Russian market, and Chinese manufacturers, due to weakening dollar may begin reducing their prices also in "Snaige" markets.
Director General of Snaige AB Gediminas Ceika +370 315 56206
Attachment:
https://cns.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=573688