{"id":3377,"date":"2023-10-31T06:32:47","date_gmt":"2023-10-31T06:32:47","guid":{"rendered":"https:\/\/www.ut.lt\/?post_type=naujienos&p=3377"},"modified":"2023-10-31T06:34:00","modified_gmt":"2023-10-31T06:34:00","slug":"utenos-trikotazas-continues-business-optimization-reduces-losses-by-one-fifth","status":"publish","type":"naujienos","link":"https:\/\/www.ut.lt\/en\/news\/utenos-trikotazas-continues-business-optimization-reduces-losses-by-one-fifth\/","title":{"rendered":"Utenos Trikota\u017eas Continues Business Optimization \u2013 Reduces Losses by One-Fifth"},"content":{"rendered":"\n

Within the first nine months of 2023, the SBA textile group, Utenos Trikota\u017eas, reported revenues of EUR 17.2 million, representing a 34.7% decrease compared to the previous year when the group’s sales amounted to 26.3 million euros. Despite the decline in sales, the pre-tax losses of the Utenos Trikota\u017eas group after the first nine months of 2023 were 20% lower than the previous year, totaling 1.3 million euros.<\/p>\n\n\n\n

Fixed Costs Reduced by 20%<\/strong> <\/p>\n\n\n\n

Utenos Trikota\u017eas continues its pursuit of optimizing production processes and implementing measures to enhance operational efficiency.<\/p>\n\n\n\n

\n

“As a result of the implemented decisions, we have reduced fixed costs by one-fifth, while still being able to produce at the level of 2022,”<\/p>\n\u2013 remarks Nomeda Kau\u010dikien\u0117, the Managing Director of Utenos Trikota\u017eas.<\/cite><\/blockquote>\n\n\n\n

According to her, the sales performance in the third quarter of this year was very similar to the second quarter, as the global economic and geopolitical situation has led to a slowdown in demand and revenue growth.<\/p>\n\n\n\n

Prepared for the Return of Demand<\/strong><\/p>\n\n\n\n

\n

\u201cAlthough we have significantly trimmed our costs, we are smartly economizing while not reducing operational expenses and investments directed towards future sales. Our product development team actively creates modern materials, invests in advanced material development and printing technologies, and upholds sustainability standards highly valued by our customers, despite the substantial resources it entails,”<\/p>\n\u2013 asserts Nomeda Kau\u010dikien\u0117.<\/cite><\/blockquote>\n\n\n\n

\n
\"\"<\/figure>\n<\/figure>\n\n\n\n

According to N. Kau\u010dikien\u0117, disruptions in demand have affected all industries, and companies across various sectors have been grappling with similar challenges due to economic uncertainty and geopolitical tensions. While customer activity at textile fairs is creating a sense of positive change, tangible improvements may not materialize until early 2024. Presently, both production processes and the company’s cost structure have been optimized, and Utenos Trikota\u017eas is well-prepared for the resurgence of market demand.<\/p>\n\n\n\n

For the UTENOS brand, developed by Utenos Trikota\u017eas, sales over the first nine months amounted to EUR 1.6 million, marking a 45% decrease compared to the same period in 2022. This reduction in sales for this business segment is linked to strategic decisions made in 2022 aimed at optimizing company operations and prioritizing the core activity of contract manufacturing for globally recognized brands.<\/p>\n\n\n\n

Sales of functional-technical clothing produced by Utenos Trikota\u017eas subsidiary, \u0160atrija, showed little change, decreasing by 2% to 1.9 million euros.<\/p>\n\n\n\n

About Utenos Trikota\u017eas<\/strong><\/p>\n\n\n\n

Utenos Trikota\u017eas is one of the largest and modern knitwear manufacturers in Central and Eastern Europe. Its specialized focus lies in on-demand ready-to-wear production and jersey fabric development for leading international brands, covering the entire production process from yarn to finished products.<\/p>\n\n\n\n

Utenos Trikota\u017eas Group operates three factories \u2013 AB \u201eUtenos Trikota\u017eas\u201c (Lithuania), AB \u0160atrija (Lithuania) and OAO Mrija (Ukraine). Environmental and social responsibility commitments cover all areas of Utenos Trikota\u017eas’ production and operations \u2013 from organically farmed natural fibers, the use of chemicals in production, to fair pay for employees and absolute transparency in production processes. Utenos Trikota\u017eas is part of the SBA group.<\/p>\n","protected":false},"featured_media":2833,"template":"","naujienu_kategorijos":[],"class_list":["post-3377","naujienos","type-naujienos","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"\nUtenos Trikota\u017eas Continues Business Optimization \u2013 Reduces Losses by One-Fifth - Utenos | Customized Jersey Specialists<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ut.lt\/en\/news\/utenos-trikotazas-continues-business-optimization-reduces-losses-by-one-fifth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Utenos Trikota\u017eas Continues Business Optimization \u2013 Reduces Losses by One-Fifth - Utenos | Customized Jersey Specialists\" \/>\n<meta property=\"og:description\" content=\"Within the first nine months of 2023, the SBA textile group, Utenos Trikota\u017eas, reported revenues of EUR 17.2 million, representing a 34.7% decrease compared to the previous year when the group’s sales amounted to 26.3 million euros. Despite the decline in sales, the pre-tax losses of the Utenos Trikota\u017eas group after the first nine months … Continued\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ut.lt\/en\/news\/utenos-trikotazas-continues-business-optimization-reduces-losses-by-one-fifth\/\" \/>\n<meta property=\"og:site_name\" content=\"Utenos | Customized Jersey Specialists\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-31T06:34:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ut.lt\/wp-content\/uploads\/2022\/04\/sunPic.lt-7673-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1500\" \/>\n\t<meta property=\"og:image:height\" content=\"1001\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ut.lt\/en\/news\/utenos-trikotazas-continues-business-optimization-reduces-losses-by-one-fifth\/\",\"url\":\"https:\/\/www.ut.lt\/en\/news\/utenos-trikotazas-continues-business-optimization-reduces-losses-by-one-fifth\/\",\"name\":\"Utenos Trikota\u017eas Continues Business Optimization \u2013 Reduces Losses by One-Fifth - Utenos | Customized Jersey Specialists\",\"isPartOf\":{\"@id\":\"https:\/\/www.ut.lt\/en\/#website\"},\"datePublished\":\"2023-10-31T06:32:47+00:00\",\"dateModified\":\"2023-10-31T06:34:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.ut.lt\/en\/news\/utenos-trikotazas-continues-business-optimization-reduces-losses-by-one-fifth\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ut.lt\/en\/news\/utenos-trikotazas-continues-business-optimization-reduces-losses-by-one-fifth\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.ut.lt\/en\/news\/utenos-trikotazas-continues-business-optimization-reduces-losses-by-one-fifth\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Titulinis\",\"item\":\"https:\/\/www.ut.lt\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"News\",\"item\":\"https:\/\/www.ut.lt\/en\/news\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Utenos Trikota\u017eas Continues Business Optimization \u2013 Reduces Losses by One-Fifth\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ut.lt\/en\/#website\",\"url\":\"https:\/\/www.ut.lt\/en\/\",\"name\":\"Utenos | Customized Jersey Specialists\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ut.lt\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Utenos Trikota\u017eas Continues Business Optimization \u2013 Reduces Losses by One-Fifth - Utenos | Customized Jersey Specialists","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ut.lt\/en\/news\/utenos-trikotazas-continues-business-optimization-reduces-losses-by-one-fifth\/","og_locale":"en_US","og_type":"article","og_title":"Utenos Trikota\u017eas Continues Business Optimization \u2013 Reduces Losses by One-Fifth - Utenos | Customized Jersey Specialists","og_description":"Within the first nine months of 2023, the SBA textile group, Utenos Trikota\u017eas, reported revenues of EUR 17.2 million, representing a 34.7% decrease compared to the previous year when the group’s sales amounted to 26.3 million euros. Despite the decline in sales, the pre-tax losses of the Utenos Trikota\u017eas group after the first nine months … Continued","og_url":"https:\/\/www.ut.lt\/en\/news\/utenos-trikotazas-continues-business-optimization-reduces-losses-by-one-fifth\/","og_site_name":"Utenos | Customized Jersey Specialists","article_modified_time":"2023-10-31T06:34:00+00:00","og_image":[{"width":1500,"height":1001,"url":"https:\/\/www.ut.lt\/wp-content\/uploads\/2022\/04\/sunPic.lt-7673-1.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.ut.lt\/en\/news\/utenos-trikotazas-continues-business-optimization-reduces-losses-by-one-fifth\/","url":"https:\/\/www.ut.lt\/en\/news\/utenos-trikotazas-continues-business-optimization-reduces-losses-by-one-fifth\/","name":"Utenos Trikota\u017eas Continues Business Optimization \u2013 Reduces Losses by One-Fifth - Utenos | Customized Jersey Specialists","isPartOf":{"@id":"https:\/\/www.ut.lt\/en\/#website"},"datePublished":"2023-10-31T06:32:47+00:00","dateModified":"2023-10-31T06:34:00+00:00","breadcrumb":{"@id":"https:\/\/www.ut.lt\/en\/news\/utenos-trikotazas-continues-business-optimization-reduces-losses-by-one-fifth\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ut.lt\/en\/news\/utenos-trikotazas-continues-business-optimization-reduces-losses-by-one-fifth\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.ut.lt\/en\/news\/utenos-trikotazas-continues-business-optimization-reduces-losses-by-one-fifth\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Titulinis","item":"https:\/\/www.ut.lt\/en\/"},{"@type":"ListItem","position":2,"name":"News","item":"https:\/\/www.ut.lt\/en\/news\/"},{"@type":"ListItem","position":3,"name":"Utenos Trikota\u017eas Continues Business Optimization \u2013 Reduces Losses by One-Fifth"}]},{"@type":"WebSite","@id":"https:\/\/www.ut.lt\/en\/#website","url":"https:\/\/www.ut.lt\/en\/","name":"Utenos | Customized Jersey Specialists","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ut.lt\/en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.ut.lt\/en\/wp-json\/wp\/v2\/naujienos\/3377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ut.lt\/en\/wp-json\/wp\/v2\/naujienos"}],"about":[{"href":"https:\/\/www.ut.lt\/en\/wp-json\/wp\/v2\/types\/naujienos"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ut.lt\/en\/wp-json\/wp\/v2\/media\/2833"}],"wp:attachment":[{"href":"https:\/\/www.ut.lt\/en\/wp-json\/wp\/v2\/media?parent=3377"}],"wp:term":[{"taxonomy":"naujienu_kategorijos","embeddable":true,"href":"https:\/\/www.ut.lt\/en\/wp-json\/wp\/v2\/naujienu_kategorijos?post=3377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}