The Board of Directors of SBA Group company Utenos Trikota\u017eas has unanimously re-elected Vytautas Va\u0161kys as Chairman. This decision follows the election of a new Board on April 30, 2025, with no changes to its composition.<\/p>\n\n\n\n
Mr. Va\u0161kys has chaired the Board since November 2024, succeeding Dovil\u0117 Tamo\u0161evi\u010dien\u0117, who had held the position for three years. He has been involved with Utenos Trikota\u017eas for several years, having previously served on the Board and temporarily assumed the role of CEO in 2022. Mr. Va\u0161kys currently leads the SBA Group\u2019s Business Risk Division and is actively engaged in the governance of other SBA Group companies.<\/p>\n\n\n\n
According to Mr. Va\u0161kys, the company\u2019s main strategic objective remains unchanged: to ensure the smooth implementation of the restructuring plan and restore sustainable profitability.<\/p>\n\n\n\n
The four-year restructuring plan, approved by the court on October 8, 2023, outlines fundamental changes aimed at enhancing operational efficiency, meeting financial obligations, and restoring the company’s solvency. The implementation of this plan is already yielding positive initial results.<\/p>\n\n\n\n
Strong Sales Growth and Significant Loss Reduction<\/strong><\/p>\n\n\n\n In the first quarter of 2025, the Utenos Trikota\u017eas group increased its sales by 66.3% to EUR 5.2 million, compared to EUR 3.1 million in the same period last year. The contract manufacturing segment performed particularly well, with sales rising by 89.6% to EUR 4.1 million.<\/p>\n\n\n\n \u201cOur operating results reflect the effectiveness of our focused strategy \u2013 flexible production, cost optimization, and strategic partnerships with subcontractors allow us to remain competitive in international markets and return to a path of sustainable growth,\u201d says Vytautas Va\u0161kys.<\/p>\n<\/blockquote>\n\n\n\n During the first quarter of the year, the Utenos Trikota\u017eas group posted a pre-tax loss of EUR 440 thousand \u2013 a significant improvement from the EUR 1.48 million loss in Q1 2024. The Group’s EBITDA also improved significantly: although it remained negative at EUR 190 thousand, it was EUR 982 thousand lower than a year ago.<\/p>\n","protected":false},"featured_media":3446,"template":"","naujienu_kategorijos":[22],"class_list":["post-3616","naujienos","type-naujienos","status-publish","has-post-thumbnail","hentry","naujienu_kategorijos-for-investors"],"acf":[],"yoast_head":"\n\n