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International Internet Magazine. Baltic States news & analytics Thursday, 28.03.2024, 19:50

Sales of Elvi retail franchose in Latvia rose by 43% in 2016

BC, Riga, 20.07.2017.Print version
Latvia’s Vita Markets, a partner of Elvi retail franchise, last year posted EUR 66.92 million in turnover, up 43% from 2015, while the company’s profit rose by almost 70% to EUR 927,811, reports LETA, according to Firmas.lv business database.

The company’s turnover in 2015 reached EUR 46.816 million, and profit was EUR 545,966.

 

The company’s management reported that last year it continued integration of its stores and improved their profitability. The company opened several new Elvi and AlkOutlet stored and closed the year with 33 AlkOutlet and 36 Elvi stores.

 

The company’s financial situation in stable and has a positive trend. This year Vita Markets expects to boost its profit by 50%.

 

Vita Markets was founded in 1997 and has a share capital of EUR 2,140,792. The company belongs to three individuals.

 






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