Vilkyskiu pienine (VLP1L) Q4 2024 earnings summary

Executive summary

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

• Extended and issued multiple food safety and sustainability certificates across subsidiaries.

• Rebranded fresh dairy products under the VILVI brand, updating packaging and consolidating product lines.

• Recognized as the 3rd most sustainable food and beverage brand in Lithuania in 2024.

• Participated in major international food exhibitions in Dubai, Paris, and Frankfurt, showcasing cheese and whey products.

Financial highlights

• Revenue for 2024 rose 16.6% year-over-year to €245.4 million.

• EBITDA increased 59.7% to €33.6 million, with EBITDA margin improving to 13.7%.

• Net profit surged 75.1% to €25.7 million, with profit margin at 10.5%.

• Earnings per share reached €2.15, up 74.8% from 2023.

• Net financial debt increased 77.6% to €20.4 million.

Outlook and guidance

• The €50 million investment in Latvia is expected to boost cheese production capacity by 2025.

• Continued focus on export growth and brand consolidation across markets.