GRG1L Q1 2010 Update and Comment, Target Price 06/04/10

Contents:
- SHARE PRICE IS EXPECTED TO GROW;
- Q1 2010 RESULTS WERE POSITIVE;
- PLANS FOR 2010 LOOK TOO OPTIMISTIC;
- LONG-TERM GROWTH POSSIBILITIES ARE UNCLEAR BUT THEY ARE CLOSER TO HIGH LEVEL RATHER THAN MEDIUM;
- THE PROJECT TO INCREASE COMPETITIVENESS;
- BBA INVESTMENT RATING
10 pages

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Grigiskes

AB Grigiskes, together with its subsidiary, UAB Baltwood, engages in the manufacture and sale of fiberboard, corrugated cardboard, and paper articles in Lithuania. Its products include toilet paper, paper towels, paper napkins, corrugated boards, corrugated cartons, hardboard, and painted hardboard. The company also involves in the wood processing operations; and resale of used vehicles. It also exports its products primarily to Sweden, Latvia, Poland, Estonia, the Netherlands, the Czech Republic of Denmark, the United States, Norway, Belarus, the United Kingdom, France, Germany, Italy, and Hungary. The company was founded in 1823 and is based in Vilnius, Lithuania.

2009 year

2008 year


Latest Research Reports
Latest News
BBA Expects Grigiskes (GRG1L) To Improve Margins Significantly In Mid-Term Already
In Q1 2010 revenues totalled 40.4 million LTL compared to 32.2 million LTL in Q1 2009.
Grigiskes` Revenue Still Decreasing (9m 2009 Results)
Over the nine months of 2009 the company’s turnover was LTL 86.6 mln. (EUR 25.1 mln.), comparing with the same period of 2008 the sales decreased in 22.7 %.
GRIKISKES: REVENUE DECREASE - A REALITY IN THE FIRST HALF OF 2009
In the first half of 2009 Grigiskes had a turnover of LTL 58.0 million
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