Emitents | Amber Latvijas balzams, AS (097900BGLZ0000056644) |
Veids | Finanšu pārskati |
Valoda | EN |
Statuss | Publicēts |
Versija | |
Datums | 2015-05-29 16:23:26 |
Versijas komentārs | |
Teksts |
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 (previous major shareholder - S.P.I. Regional Business Unit B.V.).
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 the First Quarter of
2015
The
unaudited turnover of the Company in the first
quarter of 2015 was 15.5 million
Euros, which is 2% more than in the first quarter of 2014. The
growth of turnover influenced by significant increase in sales in
export markets, for example, orders of SPI Group has
increased by 10.4%. The most significant increase in sales was
achieved in Estonia (+52%) and Norway (+4%), and also in
Travel
Retail and Duty free
market
(+32%).
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 1.37 million
Euros that is by 0.173 million Euros less than in the first
quarter of 2014.
Decrease
in profit comparing to the first quarter of 2014 were mainly caused
by the difference of sales distribution between product categories
and exchange rate fluctuations due to geopolitical
factors.
During the
first quarter of 2015, JSC Latvijas balzams paid 13.3 million Euros
into the state budget, including excise tax, amounting to 9.6
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.
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, May 29th, 2015
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