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Teksts
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The Company was established in 1900 and operates under the current
name since 1970. Due to SPI Group internal reorganization the major
shareholder of JSC Latvijas balzams from October 2014 is AMBER
BEVERAGE GROUP LLC which owns 89.53% of the Company’s equity
capital. JSC Latvijas balzams is the largest producer of alcoholic
beverages in the Baltic States with a range of more than 100
different products. 73% of our production is exported to more than
160 export markets, as mediated by SPI Group, and an additional 30
markets via the Company`s direct export route. The Company`s
Activity in 2014 The unaudited turnover of the Company in 2014 was
73.7 million Euros, which is 4.8% more than in 2013. The growth of
turnover influenced by significant increase in sales in export
markets, for example, orders of SPI Group has increased by 6.4%.
The most significant increase in sales was achieved in the Baltic
countries (+22%) and Norway (+5%), and also in Travel Retail and
Duty free market (+8%). Continuing purposeful growth in
strategically significant markets, the Company has successfully
expanded assortment and developed in China`s market, and also led
the foundation for future growth in the USA and UK markets. The
unaudited profit for the reporting period reached 7.1 million
Euros, which represents 14% growth versus 2013. The result was
achieved through focused development of the beverage portfolio,
volume growth in strategically significant export markets and
production process efficiency. During 2014, JSC Latvijas balzams
paid 53.5 million Euros into the state budget, including excise
tax, amounting to 39.2 million Euros. Outlook of Future Activities
The Company will continue purposeful focus on achieve of settled
objectives in both domestic and export markets. Our priorities
still will be beverage portfolio consummate with the focus on
exportable beverages and internationally acknowledged brands, as
well as focus on implementation of effective production strategy to
increase the Company`s competitiveness. In cooperation with
subsidiary company Daugavgrivas 7 LLC, the Company is planning in
the future to set up the museum and show rooms to promote the
dialogue with consumers and give the opportunity to present the JSC
Latvijas balzams produced brands and their history. By active
participation in the Industry Association and cooperating with
non-governmental organizations, the Company will represent the
interests of industry in the dialogue with legislators and law
enforcement institutions, and promote advised policy development in
the alcohol market. The Company will continue to focus on
activities of combating non-commercial alcoholic beverages and to
focus on the public education on these issues. JSC „Latvijas
balzams” Chairman of the Board Guntis Āboltiņš - Āboliņš Riga,
February 27th, 2015
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