Leading producer of alcoholic beverages in the Baltic States

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.

Seven years ago JSC Latvijas balzams joined the rapidly growing spirits production and distribution company Amber Beverage Group. Following the decision made by the Shareholders’ Meeting of JSC Latvijas balzams on 30 September of last year, from 1 May 2022 the further name of the company will be JSC Amber Latvijas balzams.