CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR 2015
Consolidated financial statements for the year 2015
CONSOLIDATED FINANCIAL
STATEMENTS FOR THE YEAR 2014
Consolidated financial statements for the year 2014

For investors Print

AB Vilkyškių Pieninė is one of the most modern dairy producers in Lithuania. It is the only specialised plant of cheese in the country that produces over 30 different types of cheese according to original recipes, with as many as 10 of them being gourmet. AB Vilkyškių Pieninė, which was founded in 1993, currently holds an 18-percent share of the cheese market and 12-percent share of the fresh dairy products market in Lithuania.

The company went through a few significant stages of expansion and modernization that led to a success both on the domestic market and outside it:

  • Continued investment in technologies (AB Vilkyškių Pieninė invested a total of 80 million LTL since 1999 to late 2011);
  • Particular attention to innovations (in 2011, the Vilkyškių Pieninė group introduced 18 new products);
  • Specific focus on human resources;
  • Stringent standards on quality control.

The company stands out from the rest of the market players by its effective organization of production, flexible management, high-quality products and great competence of the staff. Another major advantage is its reliable suppliers, long-term marketing partnership and attractive pricing policy.

The group of Vilkyškių Pieninė unites four companies – AB Vilkyškių Pieninė, AB Modest, AB Kelmės Pieninė and AB Pieno logistika.

AB Vilkyškių Pieninė produces cheese following the traditional Lithuanian and worldwide recipes, as well as their own original ones. AB Modest produces blue cheese Memel Blue, mozzarella, ricotta and other cheese products. AB Kelmės Pieninė specializes in various fresh dairy products: milk, kefir, butter, curd, sour cream, curd spreads, yogurts, glazed sweet curd snacks, mascarpone.

A large part of the company’s output is exported to such foreign countries as Latvia and Estonia, Scandinavia, Germany, Israel, Russia, Croatia, the Czech Republic, Poland and others. Exports account for 64 percent of the company’s sales.

Great attention is paid to strengthening the company’s position on Lithuanian and foreign markets, increasing the range of products. The market is continually provided with high-quality exclusive products – both cheese and fresh dairy products.