Lithuania's Utenos Trikotazas Q1 core revenue rises 5%, helped by export market growth

Utenos Trikotazas AB

30/04/2026 07:13

Overview

Lithuania knitwear maker's Q1 core revenue rose 5% to EUR 4.8 mln

Group pre-tax loss for Q1 narrowed by almost half yr/yr to EUR 222,000

Group revenue fell 6.5% yr/yr due to discontinued subsidiaries

Outlook

Company expects more positive performance in H2 2026 based on current order volumes

Company says textile sector faces higher volatility due to ongoing geopolitical tensions

Utenos Trikotažas will continue developing contract manufacturing and its own apparel brand

Result Drivers

EXPORT MARKET GROWTH - Co said targeted customer portfolio reinforcement drove steady growth in DACH and Nordic export markets

OWN BRAND INVESTMENT - Renewed investment in UTENOS in-house brand led to 15.7% sales growth in Q1, per CEO Nomeda Kaučikienė

SEASONALITY AND GEOPOLITICAL FACTORS - Co said Q1 results were shaped by sector seasonality and ongoing geopolitical tensions, which increased price volatility and led to more cautious client orders

Company press release: ID:nGNE96LF65

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 4.80 mln
Q1 Pretax Profit
-EUR 222,000


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)