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.
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.
Amber Latvijas balzams reopens the Factory Tour centre
Amber Latvijas balzams informs that, along with the reopening of the Factory Tour centre, it is now possible for the public to visit the factory and see the behind-the-scenes of the largest alcoholic beverage production facility in the Baltics. During the tour, you will learn the story of alcohol production and filtering processes, production of the legendary Riga Black Balsam and other drinks, bottling processes, and other industry-specific topics.
Amber Latvijas balzams announces results of the first quarter 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 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.
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.
Amber Latvijas balzams announces the results of the first half of 2022
The net revenue of the leading producer of alcoholic beverages in the Baltic states, JSC Amber Latvijas balzams, for the first half of the year 2022 reached EUR 40.6 million euros, an increase of 28.5% against the respective period in 2021. The increase in turnover is related to the improvement of the economic situation and as the result of facilitating the restrictions imposed by national governments on the Covid-19 pandemic situation. Also, the Company continues to develop cooperation with clients in Sweden and Germany by significant increase of sales volumes in respective markets.