The Management Board of AS VALMIERAS STIKLA ŠKIEDRA has partially revised its forecast for the 2018 financial year. The basis for the correction is an updated forecast based on new insights on the GROUP`s newest U.S. facility (Glass Melting Operations) which have begun operations in first quarter of 2018 and a better visibility of business developments and special operational expenditures resulting from the plant commissioning and delays in the start up phase. As the special operational expenditures are unlikely to be offset by the GROUP’s other business activities the management board assumes a reduction in overall consolidated turnover down to EUR 140,000,000 to EUR 145,000000 and subsequently a reduction in consolidated net profits down to EUR 250,000 to EUR 1,000,000.