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Financial Highlights

4.8m 9Lcs

SALES 2019

EUR 78.6m

REVENUE 2019

EUR 10.05m

EBITDA 2019

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Latest News

Latvijas balzams announces the results of the first half of 2021

The net revenue of the leading producer of alcoholic beverages in the Baltic states, JSC Latvijas balzams, for the first half of the year 2021 reached EUR 31.6 million euros, an increase by 4,7% against the respective period in 2020. The increase in turnover is related to the improvement of the economic situation and as the result of facilitating the restrictions imposed by national governments on the Covid-19 pandemic situation.

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In the first quarter, Latvijas balzams reports higher profit than last year

The net profit of the leading alcoholic beverage producer in the Baltic States, JSC Latvijas balzams, in the first three months of 2021 is 1.1 million euros, which is higher than in the respective period in 2020. The increase in net profit was positively influenced by the Company’s process efficiency measures since the beginning of the Covid-19 pandemic, as well as the implemented cost reduction activities, as well as the received state support to minimize the pandemic consequences.

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