Reported Earnings • Sep 11
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: €2.83m (down 42% from 2Q 2023). Net loss: €828.0k (loss widened 73% from 2Q 2023). New Risk • Aug 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€94k free cash flow). Negative equity (-€5.9m). Earnings have declined by 42% per year over the past 5 years. Market cap is less than US$10m (€3.57m market cap, or US$3.91m). Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change). Reported Earnings • Jun 04
First quarter 2024 earnings released First quarter 2024 results: Revenue: €2.89m (down 32% from 1Q 2023). Net loss: €920.0k (loss narrowed 31% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. 공시 • Apr 09
AB Snaige, Annual General Meeting, Apr 30, 2024 AB Snaige, Annual General Meeting, Apr 30, 2024, at 10:00 E. Europe Standard Time. Location: Pramones str. 6 Alytus Lithuania Agenda: To consolidate annual report of the company’s activity for 2023 with information about the Company strategy and its implementation; to approve Auditor's report on the company's 2023 financial statements; to approve the set of financial statements of the company for 2023; and to approve distribution of profit for 2023. Reported Earnings • Mar 03
Full year 2023 earnings released: €0.089 loss per share (vs €0.13 loss in FY 2022) Full year 2023 results: €0.089 loss per share (improved from €0.13 loss in FY 2022). Revenue: €17.1m (down 20% from FY 2022). Net loss: €3.53m (loss narrowed 32% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. 공시 • Feb 21
AB Snaige Approves Board Appointments AB Snaige announced that at its Extraordinary General Meeting of Shareholders held on 21 February 2024, The members of the Board for a new four-year term elected: Tomas Svidinskas; Pavel Urba; Tadas Antanaitis; Rasa Butkuviene. 공시 • Feb 02
UAB EDS Invest 3 made an mandatory takeover bid to acquire the remaining 8.9% stake in AB Snaige (NSEL:SNG1L) for approximately €0.5 million. UAB EDS Invest 3 made an mandatory takeover bid to acquire the remaining 8.9% stake in AB Snaige (NSEL:SNG1L) for approximately €0.5 million on January 30, 2024. The bid price is €0.129 in cash for one ordinary registered share of Snaige AB. The Financial Market Supervisory Committee of the Bank of Lithuania has approved UAB EDS INVEST 3 circular of the mandatory takeover bid to buy up AB "Snaige" shares. The duration of the proposal's implementation is 14 days, where the start of the mandatory takeover bid is February 5, 2024 and shall end in February 19, 2024. During the purchase of shares, the offeror acquires shares that would grant at least 95% of all votes, the official offeror would seek to use the right to compulsorily buy back the remaining shares as provided in the Article 32 of the Securities Law. The Offeror submitting the mandatory takeover bid, with the approval of the board of AB Snaige, plans to propose to the general meeting of shareholders that the shares of AB Snaige be removed from trading on the regulated market. Reported Earnings • Nov 29
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: €4.57m (down 1.9% from 3Q 2022). Net loss: €236.0k (loss narrowed 75% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. New Risk • Nov 29
New major risk - Revenue and earnings growth Earnings have declined by 9.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Negative equity (-€3.3m). Earnings have declined by 9.4% per year over the past 5 years. Market cap is less than US$10m (€5.51m market cap, or US$6.05m). 공시 • Oct 07
SNAIGE AB Appoints Darius Varnas as General Director, Effective from 9 October 2023 The Board of SNAIGE AB has appointed Darius Varnas as General Director, who will take up this position on 9 October 2023. Darius Varnas has extensive experience in financial management and leadership. He has worked for Swedbank in the area of loan restructuring, as well as for AB Utenos Trikotažas as Finance Director. New Risk • Oct 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.7% average weekly change). Negative equity (-€3.3m). Market cap is less than US$10m (€4.83m market cap, or US$5.08m). 공시 • Oct 01
UAB EDS Invest 3 acquired a 91.1% stake in AB Snaige (NSEL : SNG1L) for €0.5 million. UAB EDS Invest 3 acquired a 91.1% stake in AB Snaige (NSEL : SNG1L) for €0.5 million on September 28, 2023. UAB EDS Invest paid €0.01385 cash per share.UAB EDS Invest 3 completed the acquisition of a 91.1% stake in AB Snaige (NSEL : SNG1L) on September 28, 2023. Reported Earnings • Aug 13
Second quarter 2023 earnings released: €0.012 loss per share (vs €0.041 loss in 2Q 2022) Second quarter 2023 results: €0.012 loss per share (improved from €0.041 loss in 2Q 2022). Revenue: €4.92m (down 20% from 2Q 2022). Net loss: €478.0k (loss narrowed 71% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Board Change • Jul 03
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. No independent directors (3 non-independent directors). Member of the Board Anna Korneeva was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Is New 90 Day High Low • Dec 28
New 90-day high: €0.20 The company is up 29% from its price of €0.16 on 29 September 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 19% over the same period. 