During the 12 months of 2023, the Grigeo AB Group of Companies (hereinafter the Group) will carry out the following projects: Grigeo AB, Grigeo Packaging UAB, Grigeo Baltwood UAB, Grigeo Klaipėda AB, Mena Pak AT, Grigeo Recycling UAB, Grigeo Recycling SIA, Grigeo investicijų valdymas UAB. configured. , Grigeo Tissue UAB and Grigeo Hygiene UAB achieved consolidated sales of 195.4 million euros. €7.9 million lower than in the respective periods of 2022.
During the reporting period, the Group earned a profit before tax of 29.6 million euros, which was 18 million euros more than in the same period in 2022.
The Group's earnings before interest, taxes, depreciation and amortization (EBITDA) increased by EUR 17.6 million compared to the 12 months of 2022, reaching EUR 38.9 million.
The following table summarizes the 12-month performance numbers included in this announcement.
|
Indicator, million euros |
2023 |
2022 |
change |
|
revenue |
195.4 |
203.2 |
(3.9%) |
|
EBITDA* |
38.9 |
21.4 |
82% |
|
Earnings before tax (EBT) |
29.6 |
11.7 |
154% |
*Calculation results are disclosed in note 18 of the appendix.
Details of these changes are set out in Grigeo AB's interim management report and unaudited consolidated financial statements for 12 months 2023 (see attachment).
Saulius Martinkevicius
Grigeo AB Acting Chief Executive Officer, Director of Procurement and Logistics
+370 5 243 58 01
attachment
