Vilniaus Baldai (VBL1L) Q4 2024 earnings summary

Executive summary

• For the twelve months ended August 31, 2024, Vilniaus Baldai reported consolidated sales of €97.3 million and net profit of €10.8 million, a significant increase year-over-year.

• EBITDA for the period reached €17.7 million, more than doubling from the previous year.

• No significant events occurred between the end of the reporting period and the approval of the interim financial statements.

Financial highlights

• Revenue for the twelve months ended August 31, 2024: €97.3 million, slightly down from €97.9 million in the prior year.

• Net profit for the period: €10.8 million, up from €1.6 million year-over-year.

• EBITDA: €17.7 million, compared to €8.8 million in the previous year.

• Q4 revenue: €25.5 million; Q4 net profit: €2.9 million.

• Cash and equivalents at period end: €3.9 million, up from €3.5 million a year earlier.

Key financial ratios and metrics

• Gross profit margin for the year: 19.5% (gross profit €19.0 million on sales of €97.3 million).

• Earnings per share for the year: €2.78, up from €0.41 in the prior year.

• Equity at period end: €38.9 million, up from €28.1 million year-over-year.

• Total assets: €84.9 million; total liabilities: €45.9 million.