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International Internet Magazine. Baltic States news & analytics Saturday, 20.04.2024, 14:37

Narvesen Baltija turnover, profit increases in 2014

BC, Riga, 24.04.2015.Print version
Convenience store chain Narvesen Baltija posted EUR 64.05 million in turnover last year, reports LETA, according to Firmas.lv.

This is 73% more than in 2013 when the company's turnover totaled EUR 37.08 million.

 

Narvesen Baltija’s profit last year increased 93.71% to EUR 2.97 million.

 

Narvesen Baltija management report says that acquisition of Preses apvieniba was one of the most important developments for the company last year. As a result, the number of Narvesen Baltija outlets increased by 164.

 

The acquisition deal, as well as opening of 32 new outlets, contributed significantly to achieving a much higher turnover in 2014.

 

Retail sale of coffee, food products, and beverages accounted for the largest part of the company's turnover last year.

 

The management of Narvesen Baltija predicts that the company's expansion will continue in 2015, and the company's market share will increase significantly.

 

Narvesen Baltija was established in 1997, the company's share capital is EUR 10,592,996. Narvesen Baltija belongs to the Norwegian company Reitan Servicehandel.






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