Pieno Zvaigzdes, AB Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
February 25, 2021
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Pieno Zvaigzdes, AB announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced sales was EUR 40.159 million compared to EUR 41.718 million a year ago. Operating income was EUR 1.227 million compared to EUR 107,000 a year ago. Net income was EUR 1.422 million compared to EUR 201,000 a year ago. Basic earnings per share from continuing operations was EUR 0.03. For the full year, sales was EUR 171.061 million compared to EUR 170.596 million a year ago. Operating income was EUR 8.995 million compared to EUR 4.699 million a year ago. Net income was EUR 7.712 million compared to EUR 4.110 million a year ago. Basic earnings per share from continuing operations was EUR 0.17 compared to EUR 0.09 a year ago.
Pieno Zvaigzdes AB (Pieno Zvaigzdes JSC) is a Lithuania-based company involved in the production and sale of dairy products. Its product portfolio covers more than 500 different products, including milk, fermented milk and cheese, butter, cream, curd, yogurts, milk-based deserts, cottage and enzyme cheese, sour cream, ice cream and other milk products. The Company also produces low-fat milk powder and whey powder. The Company has four branches located in Mazeikiai, Pasvalys, Kaunas and Panevezys. The Company distributes its products through retail stores and distributors. Pieno Zvaigzdes AB sells its products domestically, the Russian Federation and the European Union countries. It holds such trademarks as: Bios, Baltija, Gamtos, Biola, MU, Kastinys and Smilga, among others. As of December 31, 2012, the Companyâs major corporate shareholder was Skandinaviska Enskilda Banken AB with a stake of 13.69%.
AB PIENO ZVAIGZDES 
