A new Chief Financial Officer appointed at Utenos Trikotažas

Company Overview - Utenos Trikotažas has appointed Tadas Baužys as the new Chief Financial Officer, succeeding Aurimas Likas, who held the position since 2023 [1] - The company has completed its financial transformation phase and is entering a new growth phase [1] Leadership and Management - Tadas Baužys brings extensive experience in investment project management and international corporate financial control, having worked with complex financial models and large-scale budgets [2] - Aurimas Likas will continue with the SBA Group as the business control director [1] Financial Performance - Utenos Trikotažas returned to profitability in Q2 2025, achieving this milestone one quarter earlier than planned [4] - The group's sales increased by 30.9% in the first half of the year, with contract manufacturing production rising by 45.2% [4] - The company's EBITDA turned positive at €418,000, while group losses decreased by 78% [4] Industry Position - Utenos Trikotažas is recognized as one of the largest and sustainable knitwear manufacturers in Central and Eastern Europe, focusing on on-demand ready-to-wear production and jersey fabric development for leading international brands [5] - The company operates two textile factories: AB Utenos Trikotažas in Lithuania and OAO Mrija in Ukraine [6] Corporate Responsibility - Utenos Trikotažas emphasizes environmental and social responsibility across its operations, including the use of organically farmed natural fibers and fair pay for employees [6]