Pärnu, 2013-04-22 15:40 CEST (GLOBE NEWSWIRE) -- The Supervisory Board of
Skano Group AS approved on 19th of April 2013 the annual report and profit
allocation proposal for the year 2012 of Skano Group AS

In 2012, the revenue of Skano Group AS totalled to 19.1 million euros and in
2011, 17.3 million euros. In 2012, the net loss from operating activities
totalled 0.2 million euros as opposed to the net profit of 2.6 million euros in
2011. In 2012, the net loss per share of Skano Group AS was -0.04 euros and the
net profit for 2011 was 0.57 euros. Sales increased by 10% in 2012 as compared
to 2011, the consolidated operating profit was 74 thousand euros (2011: 2.7
million euros, including a one-off profit from the discounted purchase of Püssi
fibreboard factory in the amount of 2.46 million euros) and the gross margin
was 15.9% (2011: 18.5%).

In 2012, EBITDA of the Group amounted to 1.0 million euros (2011: 3.4 million
euros). The consolidated net loss was -0.2 million euros as compared to the net
profit of 2.6 million euros in 2011 and the net margin was -1.1% (as compared
to 14.8% in 2011). The results for the comparative period in 2011 include a
one-off profit from the bargain purchase of Püssi fibreboard factory in the
amount of 2.46 million euros.

Profit allocation proposal: not to distribute the profit.

The audited Annual Report 2012 of Skano Group AS is also available on company’s
web page http://www.skano.com


Martin Kalle
CFO
+372 447 8331
This email address is being protected from spambots. You need JavaScript enabled to view it.



Skano Group 2012 eng.pdf