Akcinė bendrovė "Vilniaus baldai" – Company Profile

AB Vilniaus baldai is a Lithuanian furniture manufacturer known for producing ready-to-assemble panel furniture, historically supplying a significant share of output to IKEA under long-term cooperation. The company has been one of the most recognized industrial furniture producers in Lithuania, with exports constituting the vast majority of its sales.

Company Overview

Legal name: Akcinė bendrovė "Vilniaus baldai"
Trade/brand name: Vilniaus baldai
Industry sector: Furniture manufacturing (panel furniture; OEM contract manufacturing)
Headquarters: Vilnius, Lithuania (registered office in Vilnius; see Legal Information and Office Locations below)
Founding and corporate evolution: The enterprise traces its roots to the state-era Vilnius furniture works; it was reorganized into a joint-stock company in the early 1990s during Lithuania’s privatization. AB Vilniaus baldai has been a notable issuer on Nasdaq Vilnius and a long-standing industrial exporter.
Primary markets: European Union and global export markets via major retail partners (notably IKEA).

Legal Information

Įmonės kodas (Company registration code): Not confirmed in primary sources during this research window. Users should verify via the Lithuanian Centre of Registers (Registrų centras) or the company’s latest filings.
PVM mokėtojo kodas (VAT code): Not confirmed in primary sources during this research window. Verify via Registrų centras or official tax registries.
Official website: https://www.vilniausbaldai.lt
Official email address: Not explicitly confirmed on the public site during this research; a general contact format commonly used is info@vilniausbaldai.lt. Please verify on the company’s website Contacts page.
Registered office address: Vilnius, Lithuania (full street address and current phone number were not verifiable from open primary sources in this research; see Office Locations).
Phone number (registered office): Not confirmed; refer to the Contacts section of the official website or Registrų centras.

Business Operations

Main products and services: Ready-to-assemble panel furniture (melamine-faced chipboard and MDF-based products), components, and finished furniture sets manufactured to partner specifications (notably IKEA). The company focuses on high-volume, quality-controlled mass production, logistics, and just-in-time delivery to retail supply chains.

Business model: Predominantly OEM/contract manufacturing. Designs are provided or co-developed with retail partners; AB Vilniaus baldai manages industrial engineering, production optimization, quality assurance, and outbound logistics. The model emphasizes efficiency, yield optimization, and cost control across a vertically integrated panel furniture value chain.

Market position: Among Lithuania’s leading panel furniture manufacturers with long-standing relationships in global retail supply chains. The company’s competitive position has been built on scale, process discipline, and adherence to stringent partner standards.

History

Origins: The company’s roots lie in Vilnius’s state-era furniture manufacturing, later reorganized during Lithuania’s transition to a market economy in the early 1990s into a joint-stock company, AB Vilniaus baldai.

Listing and corporate governance: AB Vilniaus baldai has been listed on Nasdaq Vilnius under ticker VBL1L for much of its modern history, reflecting transparency and reporting compliant with public-market standards.

Strategic cooperation: A defining element in the company’s history has been its extensive cooperation with IKEA, for which the company has manufactured significant volumes of panel furniture under long-term agreements.

Modernization and relocation: In the 2019–2022 period, the company pursued major investments to modernize production and relocate to new or upgraded facilities aimed at operational efficiency and environmental compliance. This period also saw transitional impacts on capacity and volumes as operations were ramped up in new production settings.

Ownership transitions: Over time, AB Vilniaus baldai’s shareholder structure has included holdings by Lithuanian investment groups (including historical links with Invalda INVL). Changes to the shareholder base and governance were periodically disclosed through Nasdaq Baltic and company press releases.

Financial Information

Revenue and profitability: Publicly available historical reports (via annual reports and Nasdaq Baltic disclosures) indicate that AB Vilniaus baldai’s revenue has typically reflected its status as a high-volume exporter, with annual sales historically in the tens of millions of euros (varying by cycle, modernization phase, and macroeconomic demand). Exact recent figures should be retrieved from the company’s latest annual report or audited financial statements.

Funding and capital investments: The company has financed modernization and new production capacities through internal cash flows and corporate financing aligned with public-market governance. Specific funding rounds are not typical for established public industrials; capital investment plans have been disclosed in investor communications.

Ownership structure: Historically concentrated with strategic investors, including periods of significant holdings by investment management groups associated with Invalda INVL. Current ownership composition should be verified on Nasdaq Baltic or the company’s investor relations materials.

Leadership and Management

Key executives (vadovai): Names and current positions were not fully confirmable from open primary sources within this research window. Historically, governance has included experienced Lithuanian industry and investment professionals. Please consult the company’s annual report, website (Investor Relations), or Nasdaq Baltic issuer page for the latest list of the CEO, CFO, COO, and division heads.

Board of directors: Historically included independent and shareholder representatives, sometimes connected with Lithuanian investment groups. For a current, definitive list of board members (valdybos nariai) and supervisory board (stebėtojų taryba) if applicable, refer to the company’s official disclosures.

Office Locations

Registered office: Vilnius, Lithuania.
Production facilities: In the Vilnius region, with modernized or newly established facilities as part of the company’s 2019–2022 investment cycle.
Phone numbers (by location): Specific phone lines for office and plants were not confirmable during this research; consult the official website’s Contacts page or Registrų centras for up-to-date details.

Market Position

Competitors: Other Lithuanian panel furniture manufacturers and broader Central/Eastern European OEMs serving global retailers (including IKEA’s supplier base), as well as specialized component manufacturers. In Lithuania, peers include companies in the furniture cluster producing RTA/panel furniture and components.

Market share: Not publicly disclosed in a standardized form. AB Vilniaus baldai’s share is primarily reflected in its role within IKEA’s supplier ecosystem and Lithuanian furniture export statistics.

Competitive advantages: Long-standing quality and delivery performance, process engineering competence, close alignment with demanding retail partner standards, scale efficiencies, and ongoing modernization of production systems.

Recent Developments

Operational investments: The company pursued considerable investments in production modernization and relocation in the early 2020s, aiming to enhance efficiency and meet environmental and partner requirements. These steps sometimes temporarily affected production volumes and financial results during ramp-up phases.

Corporate disclosures: Updates on ownership, listing status, and operational changes have been communicated via Nasdaq Baltic announcements and company reports. Readers should review the latest notices for current status on listing, governance, and strategic initiatives.

Contact Information

Website: https://www.vilniausbaldai.lt
Email: info@vilniausbaldai.lt (to be verified on the official site)
Registered office address: Vilnius, Lithuania (full street address not confirmed in this research).
Phone: Not confirmed; refer to the official website’s Contacts page.

Sources and References

Primary:
- Official website: https://www.vilniausbaldai.lt (company profile, products, investor information, contacts)
- Nasdaq Baltic (issuer/announcement archives for AB Vilniaus baldai; e.g., instrument and issuer pages, financial reports): https://nasdaqbaltic.com
- Lithuanian Centre of Registers (Registrų centras) for legal identifiers and current registered data: https://www.registrucentras.lt

Secondary (industry and press):
- Verslo žinios coverage of Lithuanian furniture industry and company modernization projects: https://www.vz.lt
- Invalda INVL press releases and reports referencing AB Vilniaus baldai ownership and governance: https://www.invaldainvl.com

Note: Where specific legal identifiers (įmonės kodas, PVM kodas), detailed addresses, direct phone numbers, and named leadership were not verifiable from primary sources within this research timeframe, readers are advised to consult the latest filings and the company’s official channels for authoritative, current information.