AS Amber Latvijas balzams 2024 Annual Report
The report outlines the financial and operational performance of AS Amber Latvijas Balzams for the fiscal year 2024. The company experienced a 20.1% decrease in net turnover to EUR 78.2 million, primarily due to strategic decisions by its largest customer, Stoli Group. Despite lower sales volumes, gross profit increased by 13% to EUR 16.3 million, aided by lower raw material costs. The company implemented efficiency measures, including workforce optimization and renegotiated energy contracts, and continued its investments in production facilities. Additionally, the company plans to fully adopt CSRD and ESRS standards in 2025 and 2026.
Company: AS Amber Latvijas balzams
Sector: Manufacturing
Country: Latvia
Year: 2024
Type: Annual Report
Pages: 61
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AS Amber Latvijas balzams
Annual Report
The report outlines the financial and operational performance of AS Amber Latvijas Balzams for the fiscal year 2024. The company experienced a 20.1% decrease in net turnover to EUR 78.2 million, primarily due to strategic decisions by its largest customer, Stoli Group. Despite lower sales volumes, gross profit increased by 13% to EUR 16.3 million, aided by lower raw material costs. The company implemented efficiency measures, including workforce optimization and renegotiated energy contracts, and continued its investments in production facilities. Additionally, the company plans to fully adopt CSRD and ESRS standards in 2025 and 2026.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report
Language
English
Pages
File Size
Standards & Assurance
No data available
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees