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Friday, 30.10.2020, 21:16
Cesu Alus brewery raises turnover 14.7% in 2017
BC, Riga, 07.08.2018.
Print version
Print versionLatvia’s Cesu Alus brewery turned over 54.267 mln in 2017, up 14.7% against a year before, while its profit nearly doubled to EUR 5.516 mln, informs LETA.
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The company’s beer sales rose 13.5% year-on-year to 76.3 mln liters in
2017, Cesu Alus management said,
adding that growth was recorded in all beverages segments, with the sales of
fermented beverages, water and non-alcoholic beverages growing at the fastest
pace.
According to the company’s management, Cesu Alus accounted for 68% of Latvia’s total beer output last
year.
In 2017, the brewery’s energy management system was certified to ISO
50001 and the company continued to implement its long-term investment program,
spending EUR 1.67 mln on production upgrades.
In 2016, Cesu Alus generated
EUR 47.314 mln in turnover and made a EUR 2.785 mln profit.
With a 99% stake in the company’s capital Finland’s Olvi is the key owner of Cesu
Alus.
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