AB „SNAIGĖ“ - NASDAQ OMX Baltic

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Consolidated annual report for year 2008 In 1997 English auditing firm “Bureau Veritas Quality International” approved the compliance of the Company’s quality management system with the requirements of ISO 9001 quality standard. The international standard ISO 9001 is a quality system providing the opportunity to ensure stable quality of the product. All refrigerators are granted international certificates. In 1998 the technology of plastic processing was renewed. In July 2000, three years since certificate was issued, “Bureau Veritas” re-certified the quality management system of AB “Snaigė”. The audit reports showed that the Company had been using, updating, maintaining and improving the quality management system and it complies with the requirements of ISO 9001 standard. AB “Snaigė” was granted the quality management system certificates holding the accreditation marks of Germany, UK and the Netherlands. The Company is continuously solving environmental issues. In 2001 these efforts were appraised by the environmental management system certificate ISO 14001. In 2002 AB “Snaigė” purchased OOO „Snaigė – Ukraine“. In March of 2004 a new plant was launched in Kaliningrad, which allowed increasing export volumes to Eastern Europe. In October of 2004 the Company purchased OOO „Moroz – Trade“. The activities of this subsidiary company comprise sales and marketing services. In January of 2006 the Company acquired OOO „Liga Servis“. The activities of this subsidiary company are sales and marketing services. On 30 October 2006 a subsidiary company UAB “Almecha” was established. The main business activity of “Almecha” is design, manufacturing and installing of machinery and equipment In December 2006 the Company acquired 100% of OOO “Techprominvest” shares. The main activity of the acquired company is production and sales of refrigerators. In April 2007 Company started production of new refrigerators line “Snaige Ice Logic” In November 2007 new refrigerators line “Snaige Ice Logic” has been awarded in annual competition “Innovation 2007” in “Inovative Product” category. In December 2007 Lithuanian confederation for industrialists has organized annual competitions „Lithuanian product of the year“. Under the equipment, electronics and electro mechanics industry products category a domestic refrigerator RF 34SH S10001 received a golden medal award 2.9.4 Important events in Company’s business during 2008 2.9.4.1 list of the most important events April 2008 Mindaugas Šeštokas resigned as a board member of AB “Snaigė”. Robertas Beržinskas was elected as a new board member. September 2008 statutes with increased share capital were registered at register of legal entities. The increased share capital was 27 827 365 LTL. The nominal value of one share – 1 LTL. September 2008 partially EU financed project “AB “Snaigė” employees’ entrepreneurship education” was completed successfully. 271 employees have successfully completed this training. 2.9.4.2 Awards received during 2008 „Lithuania product of the year“ On December 2008 Lithuanian confederation for industrialists has organized annual competitions „Lithuanian product of the year“. For the eight time AB Prepared by UAB FMĮ „Orion Securities“ p. 20
Consolidated annual report for year 2008 „Snaige“ received a product award. Under the equipment, electronics and electro mechanics industry products category a domestic refrigerator RF 31SH S10001 received a golden medal award. This product is part of new „Snaige Ice Logic“ product line. In a short period of time this product became one of the most popular and most bought refrigerators not only in Lithuania, but also in Estonia, Latvia and Ukraine. High recognition of the product is evidence that the company is able to flexibly react to the constant changes in the market and successfully compete with other refrigerators producers. 2.9.5 Specification of the plant (services) AB “Snaigė” specializes in manufacture of high quality domestic refrigerators and freezers. Beside the refrigerators for commercial purposes, also refrigerators for hotels and restaurants are produced, as well as spare parts of refrigerators, tools and equipment. The sales figures of the Company’s activities for the last three years are as follows (consolidated data): Type of activities Refrigerators sold, units including: Combined refrigerators – freezers with separate external door Domestic refrigerators (single cooler) 2008 2007 2006 units perc. units perc. units perc. 523 219 100 653 453 100 566 734 100 410 761 78,5 535 178 81,9 464 722 82,7 28 466 5,4 28 625 4,4 29 988 5,3 Freezers 66 766 12,8 70 775 2,9 53 271 9,3 Commercial refrigerators 17 226 3,3 19 318 10,8 15 334 2,69 The sales figures of Alytus Factory for the last three years are as follows: Type of activities 2008 2007 2006 units perc. units perc. units perc. Refrigerators sold, units 368 574 100 462 354 100 435 232 100 including: Combined refrigerators – freezers with separate external door Domestic refrigerators (single cooler) 256 116 69,5 343 636 74,3 336 639 82,7 28 466 7,7 28 625 6,2 29 988 5,3 Freezers 66 766 18,1 70 775 15,3 53 271 9,3 Prepared by UAB FMĮ „Orion Securities“ p. 21
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AB „SNAIGĖ“ - NASDAQ OMX Baltic

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