Baltic Export, Foodstuff, Good for Business, Latvia, Markets and Companies

International Internet Magazine. Baltic States news & analytics Tuesday, 17.09.2019, 01:48

Latvijas Maiznieks bakery planning exports to Scandinavia

BC, Riga, 27.05.2019.Print version
Bakery company Latvijas Maiznieks, a holding of Estonian company Maral Invest, has set its sights on selling its products in Scandinavian countries, spokespeople for the company said LETA/BNS.

"Our export development plans are huge. Currently we export our products to more than ten countries, and Scandinavia is the next strategically important region in our plans," the company's board member Maris Daude said.

Latvijas Maiznieks said that the 5.5 mln euros invested in development over the past years has borne fruit.

In 2018, the company's exports rose by 39%.

Latvijas Maiznieks generated 26.2 mln euros in sales and earned 469,296 in profit in 2018.

Founded in 1991, Latvijas Maiznieks has a share capital of 895,629 euros. Since 2010, the company's largest shareholder is Estonian company Maral Invest, parent company of Eesti Pagar.

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