Vilkyskiu pienine (VLP1L) Q4 2024 earnings summary

Executive summary

• Launched a EUR 50 million investment project in Latvia to expand cheese production, with completion planned for 2025.

• Achieved significant recognition for sustainability, ranking 3rd in Lithuania's food and beverage sector.

• Rebranded fresh dairy products under the VILVI name and updated packaging design.

• Participated in major international food exhibitions, expanding global presence.

• CEO awarded for over 30 years of business growth and export expansion.

Financial highlights

• Revenue rose 16.6% year-over-year to EUR 245.4 million in 2024.

• EBITDA increased 59.7% to EUR 33.6 million compared to the previous year.

• Net profit surged 75.1% year-over-year to EUR 25.7 million, driven by higher export prices for dry milk products and fats.

• Profit per share reached EUR 2.15, up 74.8% from 2023.

• Net financial debt rose to EUR 20.4 million, a 77.6% increase from 2023.

Outlook and guidance

• EUR 50 million investment in Latvia to boost cheese production capacity, with project completion expected in 2025.

• Continued focus on brand consolidation and international market expansion.

• Ongoing commitment to sustainability and quality certifications.