Valmieras Stikla Skiedra revised earnings guidance for the full year of 2014. For the period, the company lowered the forecast for the group's annual turnover to EUR 122 million and the target profit was also adjusted downwards to EUR 8 million. The company expects consolidated net turnover at EUR 122 million which would be by 38% higher than the audited consolidated net turnover in 2013 and has also adjusted the planned consolidated net profit to EUR 8 million or 57% higher than the audited consolidated net profit last year.

The company reported unaudited consolidated earnings results for the nine months ended September 30, 2014. Consolidated net turnover has reached EUR 87.1 million against EUR 66.8 million last year. Operating profit was EUR 7.2 million against EUR 5.2 million last year. Profit from operations and before tax was EUR 6.3 million against EUR 4.1 million last year. Net profit reached EUR 5.9 million against EUR 4.0 million last year. Earnings per share were EUR 0.2478 against EUR 0.1693 last year. Cash provided by operating activities was EUR 7.6 million against EUR 9.5 million last year. Purchase of fixed and intangible assets was EUR 8.3 million against EUR 7.2 million last year. The consolidated operating profit (EBITDA) was EUR 14.3 million, 28% more than last year.