PLY analytics

📈 Augančios pardavimo pajamos – gera žinia. Bet ar jos visada reiškia geresnius verslo rezultatus?

Vertinant pardavimus vien apyvartos nepakanka. Svarbu suprasti, kas iš tiesų lėmė pokytį:
• kurie klientai ar produktai labiausiai prisidėjo prie augimo ar kritimo;
• ar pajamos augo dėl didesnio parduoto kiekio, ar dėl pasikeitusių kainų;
• kaip kartu keitėsi bendrasis pelnas ir marža;
• ar didesnė apyvarta nėra pasiekiama mažėjančio pelningumo sąskaita.

Tinkamai parengta pardavimų analitika leidžia ne tik matyti rezultatą, bet ir greičiau suprasti jo priežastis bei paversti duomenis konkrečiais verslo sprendimais.

Naujame PLY Business straipsnyje plačiau aptariame, ką verta analizuoti ir kaip Power BI gali padėti nuo bendro pardavimų rezultato pereiti iki konkretaus kliento, produkto ar kito verslo segmento.

👉 Kviečiame skaityti plačiau: https://plybusiness.com/resource/pardavimu-analize-daugiau-nei-pardavimo-pajamu-stebejimas/

H1 2026 presented some challenges for both Vilvi/Vilkyškių Group and Rokiškio sūris.

While Vilvi Group faced margin pressure in its core operations in H1 2026, Rokiškio sūris saw declining revenue.

Vilvi Group: signs of recovery in Q2
After a weak start to the year in its core operations, Vilvi Group delivered a stronger performance in Q2.
🔹 Revenue growth remained strong in Q2, reaching 37% YoY and 13% QoQ, while H1 revenue increased by 30% YoY.
🔹 The impact of lower raw milk prices was already visible in Q2 results, with the gross margin improving from 11% in Q2 2025 to 14% in Q2 2026.
🔹 Q2 net profit increased by 57% YoY, while H1 net profit reached €12.6M, up 43% YoY. However, €6M came from a bargain purchase gain recorded in Q1. Excluding this one-off effect, net profit from core operations was 26% lower YoY in H1.

Rokiškio sūris: weaker revenue, but improved margin in H1
🔹 In H1 2026, Rokiškio sūris reported an 18% YoY decline in revenue, driven by declines in both key markets: the EU (-20% YoY) and Lithuania (-14% YoY).
🔹 Despite an improvement in gross margin, net profit declined by 6% YoY.

Analyze, compare, and discover the companies best suited to your investment strategy with PLY Markets.


https://plymarkets.com/dashboard/groups/dabc12d0-2c61-4383-b024-22df7611fb0b/reports/d7d2a2d2-eb8b-4504-8a1e-36ad1185d59f

Grigeo Group Q2 2026 – profit decline eases

Despite strong revenue growth, Q2 results remained weaker.
📈 Q2 revenue reached €77.7M, up 35% YoY, driven by a 64% increase in the paper segment.
📉 Net profit fell 13% YoY, a much smaller decline than the 49% YoY drop in Q1. H1 net profit totaled €6.3M, down 31% YoY.

Higher costs continued to weigh on margins: cost of sales increased 39% YoY and operating expenses rose 45%, both outpacing revenue growth.

💸 Free cash flow remained negative, as Q2 CAPEX of €11M exceeded FFO of €7M, which increased 6% YoY. On a trailing 12-month basis, FFO stands at €26.5M, while CAPEX reached €50.2M.

Valuation multiples have increased but remain relatively reasonable in the Baltic context, with a PLY value score of 8. P/E stands at 9.9x, EV/FFO at 5.7x and EV/EBITDA at 5.1x.

Based on PLY scoring, Grigeo Group ranks lower on free cash flow and growth metrics.

Dive deeper with PLY Markets – explore comprehensive data on listed companies and compare their key metrics. 💡


https://plymarkets.com/dashboard/groups/dabc12d0-2c61-4383-b024-22df7611fb0b/reports/3b5d9a1f-e693-43d9-b0d4-4ba34b033846

Akola Group: Farming weighed on year-end results

Akola Group ended FY2025/26 with weaker results, contrasting with the jump seen a year ago. Net profit declined 40% YoY in Q4, while full-year net profit fell 29% to €43.3M. 🔻

Revenue was down 4% YoY in the final quarter of FY2025/26, but the main pressure on results came from a weaker gross margin.

How did the segments performed in FY2025/26?
🌾 Partners for Farmers saw the sharpest decline in FY2025/26. Operating profit fell more than threefold, from €28.9M to €9.4M.
🐄 Farming also weighed on the results, particularly in Q4 FY2025/26. The segment, which typically generates a significant share of its annual profit in the final quarter, turned loss-making this year due to weaker performance in milk and beef cattle operations.
🐓 Food Production was the main positive contributor. In FY2025/26, revenue increased 7% YoY, while operating profit jumped 48% YoY on improved profitability. The segment generated €58M in operating profit, accounting for the majority of Akola Group’s total.

Akola generated €29.5M in free cash flow in FY2025/26, implying a roughly 10% FCF yield. FFO declined 15% YoY to €58M, but lower CAPEX helped support positive free cash flow. Despite lower CAPEX of €35M, it was broadly in line with depreciation. 💰

Valuation metrics have moved slightly higher but remain at moderate levels, with both P/E and EV/EBITDA at around 7x.

👉 Want to explore the numbers yourself? Visit PLY Markets to analyze Akola Group’s results and compare them with other listed companies.


https://plymarkets.com/dashboard/groups/dabc12d0-2c61-4383-b024-22df7611fb0b/reports/5d6f92b4-84fa-460b-bc1b-505dece083d2

⚡ Ignitis grupė Q2: reported profit improves, but adjusted metrics lag

📈 Revenue increased 6% YoY in Q2 and 15% YoY in H1. As in Q1, growth was mainly driven by the Customers & Solutions segment (+25% YoY), while Reserve Capacities declined 48% YoY.

Adjusted EBITDA grew by a modest 2% YoY, while reported EBITDA increased by 25% YoY.
✅ Green Capacities and Networks remained the main profit contributors, with EBITDA margins improving in both segments. However, higher depreciation in Green Capacities weighed on the EBIT margin.
🔻 Reserve Capacities generated a profit, but excluding the impact of EUA sales, the segment remained loss-making on an adjusted EBIT basis.

Free cash flow turned positive in Q2, supported by working capital, but remained negative on a TTM basis.

🔎 Want to dig deeper? Explore Ignitis Group’s Q2 results on PLY Markets.


https://plymarkets.com/dashboard/groups/dabc12d0-2c61-4383-b024-22df7611fb0b/reports/6fcb6ea7-2039-429a-82b8-97bfe1a5da37

Merko Ehitus Q2 2026: weaker results than a year ago.

📉 Net profit declined 24% YoY to €8.5M in Q2, while H1 net profit fell even more sharply, down 41% YoY.

📈 Revenue increased 12% YoY in Q2. However, H1 revenue remained 11% lower YoY at €150M due to the weaker first quarter. 🏗️ The construction segment drove revenue growth in Q2 (+15% YoY), but profitability deteriorated significantly. Operating profit in this segment fell 43% YoY, while the operating margin was halved.

📊 Cost of goods sold grew faster than revenue, putting pressure on gross margin. However, this quarter's 13% gross margin is broadly in line with Merko Ehitus' historical levels, while last year's margin was unusually strong.

📋 The order book remained robust, increasing by nearly €10M during the quarter to €835.7M. Meanwhile, new contracts worth €79.6M were signed in Q2.

💰 Merko Ehitus' valuation metrics has expanded to 15.6x P/E and 18.3x EV/EBITDA, reflecting investor expectations that the record order book will translate into stronger earnings.

🔎 Track Merko Ehitus' financial results on PLY Markets.



https://plymarkets.com/dashboard/groups/b0690976-8205-4e4a-b29d-484bac5c0f33/reports/b3dc52e6-2e51-4a2e-943d-36d0e6c8c145

Artea Bank Q2 2026: Impairments Halved Profit

📉 Artea Bank reported Q2 2026 net profit of €7.8M, down from €14.2M a year ago. However, the decline was mainly driven by a €10M impairment of fund rights and goodwill, rather than weaker underlying operations.

📈 Profit before impairment expenses rose 12% YoY to €20.6M, outperforming LHV Group growth (+6% YoY), while Coop Pank delivered even stronger growth (+19% YoY).

💰 Higher interest income supported an 8% YoY increase in net interest income, matching LHV Group's growth, while Coop Pank posted a stronger 15% YoY increase.

📊 The weaker net profit pushed Artea's P/E above that of LHV Group and further above Coop Pank's. However, Artea remains the cheapest on a P/BV basis among the three banks. LHV Group's valuation premium is partly supported by its higher ROE, although Coop Pank's ROE is now close behind despite trading at lower valuation multiples. Artea's ROE remains significantly below both peers.

🔎 Compare the latest Baltic bank results, valuations, and scores on PLY Markets.


https://plymarkets.com/dashboard/groups/dabc12d0-2c61-4383-b024-22df7611fb0b/reports/45dc5e6d-28a8-468f-83bb-e4aa3e61b694

Q2 2026: Coop Pank vs. LHV Group

Both banks reported higher net interest income, but bottom-line performance diverged.

Coop Pank
📈 Net interest income: +15% YoY
📊 Operating expenses: +10% YoY, growing similar to interest income
✅ Net profit: +24% YoY

LHV Group
📈 Net interest income: +8% YoY
📊 Operating expenses grew slightly faster than interest income (+8% vs. +5% YoY)
⚠️ Higher impairment losses weighed on results, resulting in a 20% YoY decline in net profit.

Loan portfolio growth was broadly similar across both banks in Q2:
🔹 Coop Pank: +3.8% QoQ
🔹 LHV Group: +3.3% QoQ

Compare the key financial ratios and metrics of Baltic banks in the PLY Markets Expert Dashboard: https://plyanalytics.com/dashboard/report_lists/2