"Žemaitijos Pienas' EBITDA dropped by a quarter last year, turnover grew by a tenth

The earnings before interest, taxes, depreciation and amortisation (EBITDA) of one of the country's largest dairy processing groups, Žemaitijos pienas, decreased by 24.1% last year to EUR 28.7 million (previous year: EUR 37.8 million).

The group's turnover rose 10.6% year-on-year to EUR 340.32 million (EUR 307.64 million), „Žemaitijos pienas“ said on Friday on the „Nasdaq“ Vilnius Stock Exchange.

At the same time, „Žemaitijos pienas“'s EBITDA dropped by 15.6% last year to EUR 28.77 million (EUR 34.09 million), while turnover rose by 10.8% to EUR 339.83 million (EUR 306.65 million).