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]

Utenos Trikotažas Posts Profit in Q2, Group Results Near Break-Even The results at the group level also improved significantly. The group's EBITDA for the first half of 2025 amounted to EUR 114,000, compared to a negative figure of EUR 1.6 million in 2024. The group's consolidated losses decreased by 78% compared to the same period last year, from EUR 2.3 million to EUR 0.5 million. One negative impact on the results came from the group's sewing services subsidiary, Šatrija, which ceased operations as of Ju ...