Pieno Zvaigzdes (PZV1) Q2 2024 earnings summary

Executive summary

• Interim report covers the six months ended June 30, 2024, prepared under IFRS and confirmed by management for accuracy and fairness.

• Main activity is dairy production, with a broad product portfolio and significant export operations to EU, CIS, and Asia.

• No significant events or changes in shareholding or management structure during the period.

Financial highlights

• Revenue for H1 2024 was €101.9 million, up from €98.1 million year-over-year.

• Gross profit reached €25.5 million, compared to €24.7 million in H1 2023.

• EBITDA for H1 2024 was €9.7 million, down from €11.2 million in H1 2023.

• Net profit for H1 2024 was €6.2 million, compared to €7.5 million in H1 2023.

• Earnings per share for H1 2024 were €0.14, down from €0.17 in H1 2023.

Outlook and guidance

• Full-year 2024 turnover is forecasted at €205.9 million.