Published: 2021-05-12 12:37:37 CEST
Sakret Holdings
Interim information

Sakret Holdings AS consolidated unaudited interim report for the 3 months of 2021

Sakret Group's consolidated net turnover for the 3 months of 2021 reached almost 3,5 MEUR, and comparing to the corresponding period in 2020 decreased by 13,7%. The first months of 2020 was a favourable time for the construction business, as the temperature was higher on average, so the construction of new facilities was started atypically early.

In comparison to the January and February 2021, the demand for construction products was negatively affected by several factors – changing unfavourable weather conditions, as well as trade restrictions and even retail outlets closing (in Latvia, Lithuania) due to the spread of COVID-19. In March 2021, the construction market revived and sales volumes increased rapidly and this positive trend was continuing in April.

In March 2021, the annual reports of SIA Sakret, SIA Sakret Plus, OU Sakret, UAB Sakret LT 2020 were approved and in April 2021 the separate and consolidated annual reports of AS Sakret Holdings for 2020 were approved, as well as the opinions of the audit company Ernst & Young were received for all reports.

Taking into account the uncertainty of the situation regarding the further course and duration of second wave of the coronavirus (Covid-19), as well as the future preventive decisions, taken by the responsible authorities of all Baltic States to limit the spread of it, it is not possible to provide a long-term financial forecast.

         Andris Vanags

         Chairman of the Council
         +371 67803650