Vilniaus Baldai AB 2023 AR2
The report highlights Vilniaus Baldai AB's performance for the fiscal year 2023, marking its first full year of operations in its new factory. The company successfully consolidated its production processes, leading to a significant 40-50% increase in production efficiency and a corresponding reduction in energy resource usage. Despite a slight decrease in sales revenue to EUR 97.87 million, the company achieved a major breakthrough in profitability, with EBITDA from operational activities increasing by EUR 9.8 million when excluding one-time asset sales from the prior year. Additionally, the company maintained its commitment to sustainability by using 100% FSC-certified wood raw materials and recycling 89% of its waste.
Company: Vilniaus Baldai AB
Sector: Consumer Discretionary
Country: Lithuania
Year: 2023
Type: AR2
Pages: 113
Vilniaus Baldai AB
Consolidated Annual Report
The report highlights Vilniaus Baldai AB's performance for the fiscal year 2023, marking its first full year of operations in its new factory. The company successfully consolidated its production processes, leading to a significant 40-50% increase in production efficiency and a corresponding reduction in energy resource usage. Despite a slight decrease in sales revenue to EUR 97.87 million, the company achieved a major breakthrough in profitability, with EBITDA from operational activities increasing by EUR 9.8 million when excluding one-time asset sales from the prior year. Additionally, the company maintained its commitment to sustainability by using 100% FSC-certified wood raw materials and recycling 89% of its waste.
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Document Details
Report Year
2023
Reporting Period
Sep 1, 2022 - Aug 31, 2023
Fiscal Year
2023
Published
Nov 24, 2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Women on Board
Employees