Utenos Trikotažas Grows Sales by One-Third While Maintaining Profitability

Core Insights - Utenos Trikotažas reported a revenue increase of 30.7% to Eur 15.9 million during the first nine months of 2025, with exports making up 80.7% of total sales [1] - The company's contract manufacturing segment saw a significant sales increase of 46.1% to Eur 13.3 million, while its in-house brand UTENOS achieved sales of Eur 1.7 million, up 19.3% year-on-year [1] - The company has returned to profitability, with an operating profit of Eur 105 thousand in the third quarter, marking the second consecutive profitable quarter [3] Financial Performance - Utenos Trikotažas achieved an EBITDA of Eur 0.7 million in the first nine months of the year, a significant improvement from a negative result of Eur 1.6 million in the same period last year [4] - The total loss before taxes decreased from Eur 3.2 million last year to Eur 1.4 million this year, indicating improved financial health despite the impact of bankruptcy proceedings of the subsidiary Šatrija [4] - The restructuring plan approved at the end of 2024 is yielding positive results, contributing to the company's steady progress towards financial stability [6] Strategic Developments - A merger between the subsidiary AB Utenoswear and AB Utenos Trikotažas was approved to optimize management and consolidate resources [5] - The CEO highlighted the company's ability to respond quickly to market demands and the resumption of orders from international brands, indicating a recovery in the global textile market [2]