"Vilvi Group's EBITDA down 29% to EUR 17.6 million this year

One of Lithuania's largest dairy processing groups, „Vilvi Group“, managed by Gintaras Bertašius, has earned a net profit of EUR 12.9 million in the first three quarters of the current year, a decrease of 35.2% compared to the same period of the previous year (EUR 19.9 million), the group announced on Friday.

The group's earnings before interest, taxes, depreciation and amortisation (EBITDA) for the period was €17.6 million, down 29% (€24.7 million), while turnover of €215.8 million was 19% higher (€181.5 million).

In 9 months, the Group purchased 315.8 thousand tonnes of baseline milk, up 19.6% (264 thousand tonnes).

„Vilvi Group“ consists of Vilkyškių pieninė, „Modest“, „Kelmės pieninė“, „Kelmės pienas“, „Pieno logistika“ and Latvia's „Baltic Dairy Board“.

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