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April 19, 2015 8:40 AM ET

Food and Staples Retailing

Company Overview of Maxima LT, UAB

Company Overview

Maxima LT, UAB operates shopping centers, super markets, neighborhood shops, stores, and hypermarkets. The company offers necessities, foodstuffs, manufactured goods, bakeries items, confectionery, and delicatessen products. The company was formerly known as UAB VP Market. Maxima LT, UAB was founded in 2005 and is based in Vilnius, Lithuania with store locations in Lithuania, Latvia, Estonia, and Bulgaria. Maxima LT, UAB operates as a subsidiary of Maxima Grupe, Uab.

Savanoriu pr. 247

Vilnius-53

Vilnius,  02300

Lithuania

Founded in 2005

Phone:

370 8526 86787

Fax:

370 8526 86607

Key Executives for Maxima LT, UAB

General Director
Age: 42
Compensation as of Fiscal Year 2014.

Maxima LT, UAB Key Developments

Maxima LT Report Sales Results for 2014

Maxima LT reported sales results for 2014. For the period, the company saw sales pick up 2.5% to EUR 1.417 billion.

Maxima Lt Reports Sales Results for the Nine Months Ended September 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2014

Maxima LT reported sales results for the nine months ended September 2014. The company generated revenues of LTL 3.6 billion (EUR 1.04 billion), not including VAT, for the three quarters of 2014, a rise of 2.3% on the same time last year. In January through September 2013, the company generated the revenues of LTL 3.526 billion. For full 2013, Maxima LT reported the revenues of LTL 5.04 billion (up 10.3% year on year), not including VAT, and the net profit of LTL 171 million (up 9.6%). The company expects to achieve revenue growth of 2% in the fourth quarter and of 2%-2.4% in the full year.

Maxima LT to Invest EUR 32 Million in Expansion This Year

Maxima LT expects total investments in the chain's expansion in Lithuania this year to reach LTL 110 million (EUR 32 millionn), of which LTL 80 million is yet to be invested. In addition to LTL 30 million it has already invested in the chain's expansion this year, the company plans to spend LTL 40 million on renovation of existing stores and another LTL 40 million on new store openings.

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