Leading producer of alcoholic beverages in the Baltic States

The Board of the Joint stock company Latvijas balzams (hereinafter also ‘the Company’) shares plans to invest in production more than 1 million euros in cooperation with one of the most powerful robotics and production process automation solutions in the Baltic region – Peruza. As a result of the investment project, a new automatic cardboard box scanning, sorting, palletizing and packaging line will be established at the Latvijas balzams factory.

The unaudited net revenue of the leading producer of the alcoholic beverages in the Baltic States, AS Latvijas balzams, for the first nine months of year 2021 reached EUR 53.0 million euros, an increase by 12.1% 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.

The management of the leading producer of alcoholic beverage in the Baltic States informs about the payment of dividends to the shareholders of JSC Latvijas balzams in the amount of 3.4 million euros. The meeting also decided that in May 2022 the name of the company will be changed.

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.