Baltic Export, Good for Business, Latvia, Markets and Companies
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Wednesday, 01.05.2024, 23:56
Latvian food company Kronis plans to increase sales by 5% in 2017
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"Sales
would be by some 5% higher than last year. This is related with active sales
work and activities in the retail chains, campaigns," said Svarenieks. He
said that the company’s turnover rose also in foreign markets, but slower than
overall growth.
Svarenieks said that the company this year continued exports to Russia, where
the biggest problems are related with the low value of the Russian currency and
low purchasing power.
The company also sold its products in the UK, Ireland,
also Lithuania and Estonia, where there are no changes in the demand compared
to the previous years.
He reminded that last year Kronis joined a
project of the Latvian Food Competence Center and is working on new products
for foreign markets. We plan to adapt our existing products for sale on foreign
markets.
Kronis closed 2016
with a turnover of EUR 2.028 million, down 0.7% from 2015, and its profit
shrank 2.8 times to EUR 1,270, according to Firmas.lv business information
website.
Kronis was
established in 1993. Its largest shareholders are Janis Abolins (46.16%) and Aivars Svarenieks (40.04%).
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