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 three months of the year 2023 reached 21.6 million euros, which is 20.4% 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 implemented initiatives to open new markets for the main brands produced by the Company.
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4.9m 9Lcs
SALES 2021
EUR 78.1m
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Latest News
AS Amber Latvijas balzams announces the audited financial results for 2022
The net revenue of the leading producer of alcoholic beverages in the Baltic States, AS Amber Latvijas balzams (hereinafter also – the Company), for the year 2022 reached EUR 108.1 million, an increase of 37.7% against the year 2021. The gross profit for the reporting year is 19.3 million euros (an increase of 1.4 million euros or 7.6% vs 2021).
JSC Amber Latvijas balzams announces unaudited year results of 2022
The unaudited net revenue of the leading producer of alcoholic beverages in the Baltic states, JSC Amber Latvijas balzams (also – the Company), for the year 2022 reached EUR 108.1 million euros, an increase of 37.7% against the respective period in 2021; the gross profit for the reporting year has grown by 7.6% reaching 19.3 million euros.
Amber Latvijas balzams announces unaudited 9-month operating results
The unaudited net revenue of the leading producer of alcoholic beverages in the Baltic States, AS Amber Latvijas balzams, for the first nine months of the year 2022 grew by 27.4% reaching EUR 67.5 million euros. The growth in turnover is related to the increase in sales volumes in the existing markets, as well as to the significant development of business opportunities in new export markets, such as Germany and Sweden. At the same time, AS Amber Latvijas balzams as a manufacturing company has been significantly affected by the increase in the cost of raw materials and materials, causing a significant impact on financial results.