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.
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.