Utenos trikotažas group reached EUR 26.3mn in revenue during three quarters of this year

The textile group Utenos trikotažas, controlled by the SBA Group, implemented production orders and provided services for EUR 26.3 million during the nine months of 2022, i.e., 23.2% more than in the same period a year ago, when the group sales reached EUR 21.3 million. The strategic transformation is actively continued and the efficiency of activities helped to improve the financial result, the company said in a statement.

“The performance results of the 9th months of this year show that, despite the sharp increase in the prices of raw materials and energy, better results were achieved than in the same period of 2021. An even stronger orientation of Utenos trikotažas towards custom, higher added value production significantly increased sales, and the implementation of changes in the field of optimisation of production processes and the policy of cost reduction and savings within the company managed to reduce losses. We estimate that these measures allowed us to save up about 20% of energy resources,” says Nomeda Kaučikienė, CEO of Utenos trikotažas.