EU – Baltic States, Latvia, Markets and Companies, Woodwork

International Internet Magazine. Baltic States news & analytics Thursday, 28.03.2024, 09:46

IKEA Industry Latvia cuts annual loss, raises turnover in September-August

BC, Riga, 22.01.2016.Print version
IKEA Industry Latvia Ltd, a company producing sawn pine timber, cut its loss 31% and raised turnover 11% in the last financial year from September 1, 2014, to August 31, 2015, informs LETA, according to the information from Firmas.lv.

The company cut its loss from EUR 1.658 million in the previous financial year to EUR 1.143 million in the last financial year and increased turnover from EUR 32.26 million to EUR 35.61 million.

 

In the future IKEA Industry Latvia Ltd will focus on production of required raw materials at adequate prices and exploration of new markets.

 

Until November 2014, IKEA Industry Latvia Ltd was called Swedwood Latvia Ltd. Founded in Latvia in 2003, the company employs a staff of 204 people.

 

IKEA Industry Latvia Ltd belongs to a Dutch-registered company, Swedwood Holding B.V., which is part of Ikea Industry group making furniture components for Ikea, the leading Swedish retailer of furniture and household products.






Search site