Alcohol, Latvia, Markets and Companies
International Internet Magazine. Baltic States news & analytics
Friday, 29.03.2024, 13:59
Turnover of beverage distribution company Amber Distribution Group increases 8.2% in 2019
Last year, the company's sales in Latvia accounted for 25.4%
of the total market, including vodka - 25%, whiskey - 38%, sparkling wines - 67%,
brandies - 52 %, liqueurs - 54%. Last year, the company's turnover amounted to
a record EUR 123.424 mln.
In 2019, Amber Distribution Latvia's market share
increased 5%, while the overall market shrank 1.5%. This was due to an increase
in the excise tax in Latvia as well as changes in excise tax in Estonia, as a
result of which cross-border trade decreased.
As reported, last September Amber Distribution Latvia
was merged with Bravo, the owner of Latvijas Balzams stores. The
reorganization was completed on March 6 this year.
According to Firmas.lv, Amber Distribution Latvia
achieved EUR 114.039 mln in turnover and EUR 4.043 mln in profit in 2018.
Amber Distribution Latvia was registered in 1998, the
company's share capital is EUR 939,046. The company belongs to
Luxembourg-registered Amber Beverage Group Holding, while its beneficial
owner is Jurijs Seflers.
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