AS AMBER LATVIJAS BALZAMS

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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.

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.

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.

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.