Utenos Trikotažas Group records 13.4% growth in 2022 sales

The SBA owned textile group Utenos Trikotažas (the Group) generated revenues of EUR 34.5 million in 2022, which is 13.4% more than in 2021, when the Group’s sales stood at EUR 30.4 million.

Separately, Utenos Trikotažas revenue grew by 12.5% year-on-year to EUR 31.6 million. The growth was driven by the active implementation of the strategic transformation and the ambitious decisions taken last year to improve operational efficiency, the group of companies said in a press release.