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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

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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Latvijas balzams announces unaudited 9-month operating results

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 2020 reached EUR 47.3 million, a decrease by 10.6% against first nine months of year 2019, mainly affected by the Covid-19 pandemic situation in many parts of the world and the restrictions implemented by national governments.

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