“If sales continue to decrease so strongly, it will be necessary to really control costs, it may be necessary to continue to make certain changes in the organization,” Dovilė Tamoševičienė told LRT radio on Tuesday.
According to her, the textile sector in the European Union (EU) has a future, but it must change. According to D. Tamoševičienė, these companies have been experiencing difficulties in recent years due to the changed geopolitical situation and increased energy prices.
“Decreasing demand, changing consumer preferences and declining consumption are the biggest influences,” said the chairman of the company’s board.
The head of the Association of Lithuanian Clothing and Textile Companies Kęstutis Daukšys said that the situation in the textile sector is deteriorating due to the stagnant EU economy, the growth of labor costs, and the lack of state support.
At the end of July, the shareholders of “Utena Trikotaž” approved the restructuring of the company and approved its four-year restructuring plan in order to ensure solvency and long-term operational perspective.
According to the records center, “Utena trikotaž” received 7.4 million in the first half of this year. EUR income – 36.2 percent. less than the same time last year (11.6 million euros), its loss before taxes, interest, depreciation and amortization (EBITDA) was 1.6 million. euros – 4.5 times more (355 thousand euros).
The largest shareholder of Utena Trikotaž is SBA Group, which controls 92.31 percent. shares.
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2024-08-21 17:51:02
