Emitents | Amber Latvijas balzams, AS (097900BGLZ0000056644) |
Veids | Finanšu pārskati |
Valoda | EN |
Statuss | Publicēts |
Versija | |
Datums | 2011-11-30 17:47:51 |
Versijas komentārs | |
Teksts |
Management report
Field of activity
The enterprise was founded in 1900, but the actual name it has
got in 1970. AS “Latvijas balzams” is a leading producer of
alcoholic beverages in the Baltic States that produces more than
100different kinds of alcoholic drinks. AS “Latvijas
balzams” major shareholder is “SPI Regional Business Unit BV” which
owns 89.53% of the company’s equity capital.
The activity of enterprise in 9 month of
2011
AS “Latvijas balzams” is the biggest producer of alcoholic
beverages in Latvia, as well as one of the largest taxpayers in
Latvia. During 9 month of 2011 AS “Latvijas balzams” paid 27,2
millions lats to the state budget, including excise tax amounting
to 19,4 millions lats.
The unaudited turnover of the company in the 9 month of year
2011 was 46,7 million lats, which is by 11% less than in the 9
month of 2010. Turnover in the domestic market has fallen by 5%, in
the export market has fallen by 2%, while export orders of "S.P.I.
Group" has decreased by 20%. During the 9 month of year 2011, sales
to the EU countries decreased by 7%, sales to Estonia increased by
2%, sales to Lithuania decreased by 3%. Decrease of sales is
related to the increase of excise tax, illegal alcohol trade and
decrease of economical activity in the main markets. During the 9
month of year 2011 the top focus sales markets were Baltic States,
Russia, Norway, Poland, Ukraine and Netherlands. Meanwhile new
export markets were actively acquired, for example, Bulgaria,
China, Australia, USA and Kazakhstan.
The Company has paid great attention to production cost
control and improvement of productivity, as a result reaching 2,14
million lats unaudited profit, that is 1% less than in the 9 month
of 2010, despite the 11% decrease in turnover.
Future perspectives of activity
Despite the critical economic situation and low
purchasing power in Latvia, the objectives of the Company is to
maintain the existing market share and to continue new market
acquirement by improving product portfolio. In 2011 the priorities
of AS Latvijas balzams will be further control of production and
logistics costs, optimization and improvement of production
efficiency, rise of Company's competitiveness.
AS Latvijas balzams will continue to support nature
friendly solutions, persistently improving activities that decrease
Company's negative impact on the environment, establishing high
requirements for itself and Company's partners.
AS Latvijas balzams
Per
procura
Ronalds
Žarinovs
Riga, November 29, 2011
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