Analytics, Financial Services, Latvia, Markets and Companies

The company achieved EUR 7.92 million in turnover last year, which was one percent less than in 2012, when the company achieved EUR 8 million in turnover.

Meanwhile, the company posted EUR 262,010 in losses in 2013, compared to EUR 228,787 in losses in 2012.

The company points out in its financial report that, in comparison with 2012, the company's market share in Latvia reduced by 6%, while export volumes increased by 10%.

At the same time, the company continued to open franchise shops abroad. At the moment, Dzintars franchise shops have been opened in Russia, Belarus, Kazakhstan and the Baltic countries, with a total of 75 shops.

The company also informs that it continues to invest in the creation and production of new products.

As reported, the history of Dzintars began in the middle of the 19th century, when the foundations of perfume and cosmetics production in Latvia were laid. In 1849 in Riga, the Heinrich Adolf Briger Soap and Perfume Factory was established, which manufactured soaps and candles.

The founding meeting of Dzintars took place on October 19, 1991.

The company's largest shareholders are Ilja Gercikovs - 69.2% shares, and Danish resident Janeks Vaclavs Kozeluhs - 9.3%.