Reported Earnings • Jul 02
Third quarter 2026 earnings released: €0.15 loss per share (vs €0.26 profit in 3Q 2025) Third quarter 2026 results: €0.15 loss per share (down from €0.26 profit in 3Q 2025). Revenue: €23.0m (down 1.7% from 3Q 2025). Net loss: €571.0k (down 156% from profit in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. New Risk • Apr 04
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.5x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.5x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 166% Cash payout ratio: 177% Minor Risks Profit margins are more than 30% lower than last year (1.7% net profit margin). Market cap is less than US$100m (€39.6m market cap, or US$45.6m). Declared Dividend • Jan 07
Dividend of €0.78 announced Dividend of €0.78 is the same as last year. Ex-date: 13th January 2026 Payment date: 1st January 1970 Dividend yield will be 6.8%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (44% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 51% to shift the payout ratio to a potentially unsustainable range, which is more than the 16% EPS decline seen over the last 5 years. Announcement • Jan 06
Vilniaus Baldai AB announces Annual dividend Vilniaus Baldai AB announced Annual dividend of EUR 0.7800 per share, ex-date on January 13, 2026 and record date on January 14, 2026. Announcement • Jan 01
Vilniaus Baldai AB Approves Management Elections Vilniaus Baldai AB at its Annual General Shareholders Meeting held on December 30, 2025 approved the election of Tomas Bubinas and Danute Kadanaite as independent members of the Audit Committee. The company approved the election of Vaidas Savukynas as a member of the Audit Committee. The company approved the election of Tomas Bubinas as the Chair of the Audit Committee. Announcement • Dec 17
Vilniaus Baldai AB Proposes Dividend for the Financial Year Ended August 31, 2025 Vilniaus Baldai AB at its AGM to be held on December 30, 2025, proposed dividend of EUR 0.78 per one ordinary share for the financial year ended August 31, 2025, amount to be paid as dividends is EUR 3,031,000. Reported Earnings • Dec 16
Full year 2025 earnings released: EPS: €1.14 (vs €2.58 in FY 2024) Full year 2025 results: EPS: €1.14 (down from €2.58 in FY 2024). Revenue: €104.2m (up 7.1% from FY 2024). Net income: €4.44m (down 56% from FY 2024). Profit margin: 4.3% (down from 10% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 30
Third quarter 2025 earnings released: EPS: €0.26 (vs €0.31 in 3Q 2024) Third quarter 2025 results: EPS: €0.26 (down from €0.31 in 3Q 2024). Revenue: €23.4m (up 27% from 3Q 2024). Net income: €1.02m (down 15% from 3Q 2024). Profit margin: 4.4% (down from 6.5% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 31
Second quarter 2025 earnings released: EPS: €0.08 (vs €0.65 in 2Q 2024) Second quarter 2025 results: EPS: €0.08 (down from €0.65 in 2Q 2024). Revenue: €24.6m (up 5.1% from 2Q 2024). Net income: €308.0k (down 88% from 2Q 2024). Profit margin: 1.3% (down from 11% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €13.60, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 14x in the Consumer Durables industry in Europe. Total returns to shareholders of 74% over the past three years. Announcement • Jan 07
Vilniaus Baldai AB Declares Dividend, Payable on 13 January 2025 Vilniaus Baldai AB declared to pay out EUR 0.78 dividend per share. Dividends will be paid to the shareholders who at the end of the tenth business day following the day of the Annual General Meeting that adopted a decision on dividend payment, i.e. on 13 January 2025. Reported Earnings • Dec 30
First quarter 2025 earnings released: EPS: €0.90 (vs €1.07 in 1Q 2024) First quarter 2025 results: EPS: €0.90 (down from €1.07 in 1Q 2024). Revenue: €28.3m (down 6.1% from 1Q 2024). Net income: €3.51m (down 16% from 1Q 2024). Profit margin: 12% (down from 14% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 30
Full year 2024 earnings released: EPS: €2.78 (vs €0.41 in FY 2023) Full year 2024 results: EPS: €2.78 (up from €0.41 in FY 2023). Revenue: €97.3m (flat on FY 2023). Net income: €10.8m (up €9.22m from FY 2023). Profit margin: 11% (up from 1.6% in FY 2023). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 30
Third quarter 2024 earnings released: EPS: €0.31 (vs €0.44 in 3Q 2023) Third quarter 2024 results: EPS: €0.31 (down from €0.44 in 3Q 2023). Revenue: €18.4m (down 19% from 3Q 2023). Net income: €1.20m (down 30% from 3Q 2023). Profit margin: 6.5% (down from 7.5% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 30
Second quarter 2024 earnings released: EPS: €0.65 (vs €0.38 loss in 2Q 2023) Second quarter 2024 results: EPS: €0.65 (up from €0.38 loss in 2Q 2023). Revenue: €23.4m (up 14% from 2Q 2023). Net income: €2.54m (up €4.00m from 2Q 2023). Profit margin: 11% (up from net loss in 2Q 2023). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Dec 08
Vilniaus Baldai AB, Annual General Meeting, Dec 28, 2023 Vilniaus Baldai AB, Annual General Meeting, Dec 28, 2023, at 10:00 E. Europe Standard Time. Location: Pramones st. 23, Guopstu vil., Traku distr. Vilinius Lithuania Agenda: To consider Consolidated annual report; to consider Company’s Auditor‘s report; to consider Approval of the Consolidated and Company's financial statements for the year 2023 ended 31 August, 2023; and to consider Distribution of Company's profit. Reported Earnings • Dec 01
Full year 2023 earnings released: EPS: €0.41 (vs €0.38 in FY 2022) Full year 2023 results: EPS: €0.41 (up from €0.38 in FY 2022). Revenue: €97.9m (down 2.8% from FY 2022). Net income: €1.59m (up 8.7% from FY 2022). Profit margin: 1.6% (up from 1.5% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 29
Full year 2023 earnings released: EPS: €0.41 (vs €0.38 in FY 2022) Full year 2023 results: EPS: €0.41 (up from €0.38 in FY 2022). Revenue: €97.9m (down 2.8% from FY 2022). Net income: €1.59m (up 8.7% from FY 2022). Profit margin: 1.6% (up from 1.5% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 26
Third quarter 2023 earnings released: EPS: €0.44 (vs €0.32 loss in 3Q 2022) Third quarter 2023 results: EPS: €0.44 (up from €0.32 loss in 3Q 2022). Revenue: €22.7m (down 1.8% from 3Q 2022). Net income: €1.70m (up €2.96m from 3Q 2022). Profit margin: 7.5% (up from net loss in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Reported Earnings • Dec 10
Full year 2022 earnings released: EPS: €0.38 (vs €0.044 in FY 2021) Full year 2022 results: EPS: €0.38 (up from €0.044 in FY 2021). Revenue: €100.7m (up 1.4% from FY 2021). Net income: €1.46m (up €1.29m from FY 2021). Profit margin: 1.5% (up from 0.2% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Dec 09
Vilniaus Baldai AB, Annual General Meeting, Dec 30, 2022 Vilniaus Baldai AB, Annual General Meeting, Dec 30, 2022, at 10:00 E. Europe Standard Time. Location: Pramones st. 23, Guopstu vil., Traku distr Vilinius Lithuania Agenda: To approve Consolidated annual report; to approve Company’s Auditor‘s report; to consider the Approval of the Consolidated and Company's financial statements for the year 2022 ended 31 August 2022; to approve of the Company‘s profit distribution for the year 2022 ended 31 August 2022; and to discuss other related matters. Announcement • Nov 28
Vilniaus Baldai AB to Report Fiscal Year 2022 Results on Dec 02, 2022 Vilniaus Baldai AB announced that they will report fiscal year 2022 results on Dec 02, 2022 Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Andrius Anusauskas was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 24
Full year 2022 earnings released: EPS: €0.38 (vs €0.044 in FY 2021) Full year 2022 results: EPS: €0.38 (up from €0.044 in FY 2021). Revenue: €100.7m (up 1.4% from FY 2021). Net income: €1.49m (up €1.32m from FY 2021). Profit margin: 1.5% (up from 0.2% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Jun 27
Third quarter 2022 earnings released: €0.32 loss per share (vs €0.16 loss in 3Q 2021) Third quarter 2022 results: €0.32 loss per share (down from €0.16 loss in 3Q 2021). Revenue: €23.1m (down 9.1% from 3Q 2021). Net loss: €1.26m (loss widened 99% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Andrius Anusauskas was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 02
Second quarter 2022 earnings released: EPS: €2.24 (vs €0.20 in 2Q 2021) Second quarter 2022 results: EPS: €2.24 (up from €0.20 in 2Q 2021). Revenue: €22.9m (up 6.0% from 2Q 2021). Net income: €8.71m (up €7.93m from 2Q 2021). Profit margin: 38% (up from 3.6% in 2Q 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Feb 08
Vilniaus Baldai AB, Annual General Meeting, Feb 28, 2022 Vilniaus Baldai AB, Annual General Meeting, Feb 28, 2022, at 10:00 E. Europe Standard Time. Location: Savanoriu ave Vilinius Lithuania Agenda: To consider Approval of the new edition of the Company Regulations; to consider to approve new edition of the Company Regulations ; and to consider the other matters. Reported Earnings • Dec 04
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €0.044 (down from €1.29 in FY 2020). Revenue: €99.4m (up 36% from FY 2020). Net income: €172.0k (down 97% from FY 2020). Profit margin: 0.2% (down from 6.9% in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Nov 22
Vilniaus Baldai Successfully Completes the First Stage of the New Factory Project in Guopstos Village, Trakai District Vilniaus baldai has successfully completed the first stage of the new factory project in Guopstos Village, Trakai District. During it, a new factory building was built and equipped, new production lines were installed and furniture production was gradually started. The second stage of relocation is now starting, which should be completed by the end of 2022. It is planned to move all the equipment located in the old factory. It is planned that the new factory and the modern process automation, robotisation and technological solutions will allow the company to increase production capacity, to improve working conditions, to increase process efficiency and to reduce energy consumption. After moving the equipment to the new factory, Savanoriu ave. 178 B production building in Vilnius is planned to be sold. A buyer of the area is currently being actively sought. Reported Earnings • Oct 27
Full year 2021 earnings released: EPS €0.08 (vs €1.29 in FY 2020) The company reported a mediocre full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: €99.4m (up 36% from FY 2020). Net income: €322.0k (down 94% from FY 2020). Profit margin: 0.3% (down from 6.9% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 27
Third quarter 2021 earnings released: €0.16 loss per share (vs €0.16 loss in 3Q 2020) The company reported a solid third quarter result with improved revenues and control over costs, although losses increased. Third quarter 2021 results: Revenue: €25.4m (up 141% from 3Q 2020). Net loss: €634.0k (loss widened 2.4% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 04
Second quarter 2021 earnings released: EPS €0.20 (vs €0.20 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: €21.6m (up 13% from 2Q 2020). Net income: €785.0k (up 1.3% from 2Q 2020). Profit margin: 3.6% (down from 4.1% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 18
New 90-day high: €10.60 The company is up 10.0% from its price of €9.60 on 20 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Durables industry, which is up 19% over the same period. Is New 90 Day High Low • Dec 30
New 90-day high: €9.70 The company is up 13% from its price of €8.60 on 01 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Durables industry, which is up 19% over the same period. Reported Earnings • Dec 24
First quarter 2021 earnings released: EPS €0.48 The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €24.5m (up 15% from 1Q 2020). Net income: €1.85m (up 19% from 1Q 2020). Profit margin: 7.6% (up from 7.3% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 03
Full year 2020 earnings released: EPS €1.29 The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: €73.3m (down 2.5% from FY 2019). Net income: €5.03m (up 24% from FY 2019). Profit margin: 6.9% (up from 5.4% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Dec 01
New 90-day high: €9.65 The company is up 15% from its price of €8.40 on 02 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 14% over the same period. Announcement • Dec 01
Vilniaus Baldai AB, Annual General Meeting, Dec 22, 2020 Vilniaus Baldai AB, Annual General Meeting, Dec 22, 2020, at 10:00 E. Europe Standard Time. Location: Savanoriu ave. 178B Vilnius Lithuania Agenda: To consider consolidated annual report; to consider company’s auditor ‘s report; to consider approval of the consolidated and company's financial statements for the year 2020 ended 31 August 2020; and to consider distribution of company's profit. Announcement • Nov 25
Vilniaus Baldai AB to Report Fiscal Year 2020 Final Results on Nov 27, 2020 Vilniaus Baldai AB announced that they will report fiscal year 2020 final results at 11:12 PM, GMT Standard Time on Nov 27, 2020 Reported Earnings • Oct 24
Full year earnings released - EPS €1.29 Over the last 12 months the company has reported total profits of €5.03m, up 23% from the prior year. Total revenue was €73.3m over the last 12 months, down 2.5% from the prior year. Profit margins were 6.9%, which is higher than the 5.4% margin from last year. The increase in margin was driven by lower expenses. Announcement • Oct 10
Vilniaus Baldai AB Announces Appointment of Andrius Anusauskas to the Management Board Vilniaus Baldai AB announced appointment of Andrius Anusauskas for the new term of 4 (four) years to the Management Board. Is New 90 Day High Low • Sep 28
New 90-day high: €8.60 The company is up 1.0% from its price of €8.55 on 30 June 2020. The German market is also up 1.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Consumer Durables industry, which is up 11% over the same period. 
