Rokiskio Suris (RSU1L) H2 2024 earnings summary

Executive summary

• Achieved record turnover and highest net profit in company history for 2024, with strong export growth and improved profitability despite a decrease in raw milk processed.

• Continued investment in employee welfare, training, and sustainability initiatives, including major projects in cheese storage and curd production expansion.

Financial highlights

• Sales revenue reached €370.3 million, up 21.7% year-over-year; exports accounted for 67% of sales.

• Net profit rose to €22.8 million, a 40.7% increase from 2023; EBITDA was €37.3 million, up 24.7%.

• Gross profit margin was 13.7%; net profit margin improved to 6.2%.

• Earnings per share increased to €0.73 from €0.46.

Outlook and guidance

• Strategic focus for 2025 on timely completion of investments, employee development, and maintaining sector leadership.

• Plans to further expand hard cheese production and invest in sustainability and operational efficiency.