Vytautas Vaškys Re-elected as Chairman of the Board of Utenos Trikotažas

Group 1 - The Board of Directors of SBA Group company Utenos Trikotažas has re-elected Vytautas Vaškys as Chairman, following the election of a new Board on April 30, 2025, with no changes to its composition [1][2] - Mr. Vaškys has been involved with Utenos Trikotažas for several years and currently leads the SBA Group's Business Risk Division [2] - The company's main strategic objective is to implement a restructuring plan aimed at restoring sustainable profitability, which was approved by the court on October 8, 2023 [3] Group 2 - In Q1 2025, Utenos Trikotažas group increased its sales by 66.3% to EUR 5.2 million, compared to EUR 3.1 million in the same period last year [4] - The contract manufacturing segment saw a significant sales increase of 89.6% to EUR 4.1 million [4] - The company reported a pre-tax loss of EUR 440 thousand in Q1 2025, an improvement from the EUR 1.48 million loss in Q1 2024 [6] - The Group's EBITDA improved significantly, remaining negative at EUR 190 thousand, but was EUR 982 thousand lower than a year ago [6]