Estonia, Foodstuff, Good for Business, Markets and Companies
International Internet Magazine. Baltic States news & analytics
Sunday, 26.05.2013, 04:45
Kalev earns 618,000 euros in profit in 2011
Juhan Tere, BC, Tallinn, 06.06.2012.
Print version
Print versionThe growth of sales volumes and market share boosted the sales revenue of Estonian confectionery company AS Kalev by 11% and the company earned a profit of 618,000 euros in 2011, LETA/Public Broadcasting reports.
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In 2010, Kalev made a loss of 5.8 million euros but the company said that it was caused by discounting trademarks.
Kalev's turnover grew in 2011 by nearly 11% to 28.8 milion euros. The company sold 5,000 tonnes of sweets, by 425 tonnes more than in 2010.
54% of the sales were candy and 33% chocolate bars.
89% of Kalev's production was sold in Estonia and the rest was exported.
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