Vilniaus Baldai (VBL1L) Q3 2024 earnings summary

Executive summary

• Revenue for the nine months ended May 31, 2024 reached €71,812 thousand, with net profit of €7,902 thousand, marking a significant turnaround from a net loss of €345 thousand in the same period last year.

• EBITDA for the nine-month period was €12,914 thousand, up from €4,700 thousand year-over-year, excluding non-recurring expenses and IFRS 16 influence.

Financial highlights

• Gross profit for the nine months was €14,070 thousand, compared to €3,597 thousand in the prior year period.

• Earnings per share for the nine months reached €2.03, up from a loss per share of €0.09 year-over-year.

• Cash and cash equivalents as of May 31, 2024 were €1,332 thousand, compared to €999 thousand a year earlier.

• Total assets increased to €82,620 thousand from €79,602 thousand year-over-year.

• Total equity rose to €36,022 thousand from €26,167 thousand year-over-year.

Segment performance

• Revenue for the March–May 2024 quarter was €18,350 thousand, with net profit of €1,199 thousand and EBITDA of €2,884 thousand.

• In the same quarter last year, revenue was €22,677 thousand, net profit €1,703 thousand, and EBITDA €3,674 thousand.