The net revenue of the leading producer of alcoholic beverages in the Baltic States, AS Amber Latvijas balzams for the year 2023 reached 97.9 million euros, which is 9.4% less than in the corresponding period in 2022. A decrease in turnover is related to global trends in the reduction of working capital of wholesalers and importers in the context of rising inflation, as well as strategic decisions made by Company’s largest clients regarding the rebranding of their products, affecting order volume.
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Financial Highlights
4.6m 9Lcs
SALES 2023
*Unaudited results
EUR 97.9m
REVENUE 2023
*Unaudited results
EUR 6.58m
EBITDA 2023
*Unaudited resultsLatest News
Amber Latvijas balzams announces the unaudited financial results for 2023
The unaudited net turnover of the leading producer of alcoholic beverages in the Baltic States, AS Amber Latvijas balzams (hereinafter also – the Company), for the year 2023 reached 97.9 million euros, which is 9.4% less than in the corresponding period in 2022. Total sales volumes (in 9-liter cases) in 2023 were 18.4% less than in the corresponding period in 2022.
Amber Latvijas balzams announces unaudited 9-month operating results for 2023
The unaudited net revenue of the leading producer of alcoholic beverages in the Baltic States, AS Amber Latvijas balzams (also – the Company), for the first nine months of the year 2023 reached 69.9 million euros, which is 1.3% more than in the corresponding period in 2022. The increase in turnover is related to the sales price changes introduced in the second half of 2022 as well as the initiatives implemented to open new markets for the main brands produced by the Company.
Amber Latvijas balzams announces results of the half of the year of 2023
The unaudited net turnover of the leading producer of alcoholic beverages in the Baltic states, AS Amber Latvijas balzams (hereinafter also – the Company), for the first six months of 2023 reached 45.7 million euros, which is 10.4% more than in the corresponding period in 2022. The increase in turnover is related to the sales price changes introduced in the second half of 2022 as well as the initiatives implemented to open the new markets for the main brands produced by the Company.