Akcinė bendrovė "Snaigė"

Note: This profile synthesizes reliable public information available up to 2024. Where specific legal or contact details are not publicly confirmed in this dataset, that is clearly indicated and should be verified directly via Lithuania’s Registrų centras (Juridinių asmenų registras), Nasdaq Baltic disclosures, or the company’s official website.

Company Overview

Legal name: Akcinė bendrovė "Snaigė" (AB Snaigė)
Founded: The Alytus refrigerator factory dates to 1963; reorganized as a joint-stock company (AB) in the early 1990s privatization period (1993).
Headquarters: Alytus, Lithuania (primary manufacturing and administrative site).
Industry sector: Household appliances manufacturing, with specialization in refrigeration (domestic and commercial refrigerators and freezers).
Brand position: Snaigė is widely cited as the only refrigerator manufacturer in the Baltic states, exporting the majority of its output.

Legal Information

Įmonės kodas (company registration code): Not publicly confirmed here; verify via Registrų centras or rekvizitai.lt.
PVM kodas (VAT code): Not publicly confirmed here; verify via Registrų centras or the company’s official invoices/website.
Company type: Akcinė bendrovė (AB).
Official website: https://www.snaige.eu (corporate/brand) | (Local/Lithuanian site often used: https://www.snaige.lt — to be verified)
Email address: Not publicly confirmed here. Common corporate formats include info@ or sales@ addresses (verify via the Contact page on the official website).
Registered office address: Frequently cited as within Alytus industrial zone; an address often referenced publicly is Pramonės g. 6, LT-62xxx Alytus, Lithuania; please verify the exact postal code and current registered address in the official registry.
Phone number (registered office): Not publicly confirmed here; verify via the official website or Nasdaq Baltic issuer disclosures.

Verification tip: For Lithuanian companies, the canonical source for legal data is the Juridinių asmenų registras (Registrų centras) and rekvizitai.lt; for listed companies, Nasdaq Baltic issuer pages provide official contacts and notices.

Business Operations

Main products:
- Domestic refrigerators (free-standing and built-in), upright/vertical freezers, chest freezers, combi fridge-freezers, minibars.
- Commercial and special-purpose refrigeration (e.g., display fridges, medical/laboratory refrigerators in some product cycles, wine coolers).
Business model: Design and manufacturing in Alytus, Lithuania; sales via distributors and retail chains across Europe and select markets in the CIS/MENA regions. The company has historically combined own-brand sales (SNAIGĖ) with distribution partners; private label/OEM projects have been reported in industry coverage at times (verify case-by-case via contracts).
Market footprint: Exports form the majority of revenue; historically, over 90% of production was exported to foreign markets (the split varies by year and geopolitical context).

History

1963: Establishment of Alytus refrigerator factory; initial Snaigė-branded models enter the domestic market.
1993: Reorganization during Lithuanian privatization into Akcinė bendrovė "Snaigė" (AB).
Late 1990s: Listing on the Vilnius Stock Exchange (later rebranded under Nasdaq Baltic; historical ticker: SNG1L).
2000s: Capacity expansions and modernization programs; roll-out of more energy-efficient lines (moving through then-current EU energy labels such as A/A+/A++); development of NoFrost and other feature sets to meet EU standards.
2010s: Broader international distribution across Europe and select regions; portfolio diversification including built-in solutions and commercial refrigeration variants.
2020s: Periods impacted by supply-chain disruptions and geopolitical events (e.g., 2022 market changes affecting Eastern exports). Public notices reference restructuring initiatives and operational adjustments beginning in 2022–2023; product portfolio focus on higher-efficiency lines continues.

Financial Information

Revenue: Historical public reports have indicated annual revenues in the tens of millions of EUR, varying by cycle and export market conditions. For precise numbers per year, consult audited annual reports and interim statements on Nasdaq Baltic or Registrų centras filings.
Profitability: Varies significantly across cycles due to raw material costs, currency, and export market shifts; check official filings for margins and net income by year.
Funding/Capital: As an AB historically listed on the Vilnius exchange (Nasdaq Baltic), capital has been raised via public equity and bank financing; no conventional venture-style funding rounds are reported.
Ownership structure: Historically a mix of anchor shareholders and free float. The exact current cap table (major shareholders, % holdings) should be confirmed on the Nasdaq Baltic issuer page and the company’s official notices.

Leadership and Management

Key executives (vadovai):
- General Manager / Chief Executive Officer (CEO): Not publicly confirmed here; verify the current CEO via official announcements.
- Chief Financial Officer (CFO): Not publicly confirmed here.
- Commercial/Sales Director: Not publicly confirmed here.
Board of Directors (Stebėtojų taryba / Valdyba): Names and roles change over time; please verify current board composition via Nasdaq Baltic and the company’s corporate governance disclosures.

Note: Leadership names and titles can change; always confirm on the official site or latest Nasdaq Baltic announcements.

Office Locations

Primary headquarters and factory: Alytus, Lithuania (industrial zone). A commonly referenced address is Pramonės g. 6; confirm exact registered office address (street/postal code) and current production site details via official sources.
Phone numbers: Not publicly confirmed here. The best source is the Contact page on the official website and issuer filings.
Other offices: The company has historically maintained sales and distribution through partners in Lithuania and abroad; specific office addresses and direct lines vary by market and should be confirmed via official channels.

Market Position

Competitors (Europe/global): Electrolux, Whirlpool, BSH (Bosch/Siemens), Gorenje/Hisense, Arçelik/Beko, Liebherr, Haier, and various regional brands/private labels.
Competitive advantages: Manufacturing footprint in the EU (Lithuania), specialization in refrigeration, flexible production for diverse market needs, compliance with EU standards and energy labeling, brand heritage in the Baltics.
Market share: No single EU-wide figure publicly consolidated here; in Lithuania/Baltic region, Snaigė’s unique position as a local refrigerator manufacturer is often cited as a qualitative advantage, with quantitative share varying by segment and year.

Recent Developments

2022–2024: Publicly reported restructuring efforts and operational adjustments in response to market/geopolitical changes; continued emphasis on energy-efficient product lines and compliance with updated EU labels. Distribution and market mix refined based on export feasibility. For concrete transaction notices (e.g., governance changes, listing status updates), consult Nasdaq Baltic announcements and Lithuanian business press.

Contact Information

Official website: https://www.snaige.eu
Contact page: Typically accessible via the website (e.g., /contact or /contacts).
Email: Not publicly confirmed here; verify via the official Contact page.
Registered office address: Alytus, Lithuania; frequently cited as Pramonės g. 6 (exact postal code/format to be verified).
Phone: Not publicly confirmed here; verify via the official site or issuer disclosures.

For procurement/service inquiries, use the official website’s contact form and country-specific distributor listings.

Sources and References

- Snaigė official website: https://www.snaige.eu (About, Products, Contact).
- Nasdaq Baltic issuer pages and announcements (historical ticker: SNG1L) — for financial statements, governance notices, and contact details.
- Registrų centras (Juridinių asmenų registras) — for legal registration data (įmonės kodas, PVM kodas, registered address).
- rekvizitai.lt — Lithuanian company directory aggregating legal and contact information for AB Snaigė.
- Lithuanian business press (e.g., Verslo žinios, 15min, Delfi) — articles on Snaigė’s restructuring and market developments (2022–2024).

Important: For the most precise and current legal and contact data (įmonės kodas, PVM kodas, executive names, phone numbers), consult the official registry entries and the company’s latest disclosures.