Leading producer of alcoholic beverages in the Baltic States

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.

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.