Latvia, Markets and Companies

In 2013, the company's turnover was EUR 31.02 million, while in 2012 – EUR 43.79 million. In 2013, British American Tobacco Latvia suffered losses in the amount of EUR 180,912, as compared to 2012, when the company concluded the year with a profit.

The company's management report indicates that in 2013, British American Tobacco Latvia reorganized its activities and changed its cigarette distribution organization in Latvia. The company's profitableness, competitive capacity and cigarette sales volumes facilitated this process.

This year, the company plans to continue using its new operation model, establishing cooperation with its trade partners, improving its service portfolio and the employees' professional growth.

British American Tobacco Latvia plans to profit this year in order to cover last year's losses.

Previously, the company amassed losses in the amount of LVL 12.87.

British American Tobacco Latvia is the largest international tobacco company and second largest tobacco company to be listed on stock markets in the world. The company's production is sold in 180 countries. It owns more than 300 brands, including such popular tobacco brands as "Kent", "Dunhill", "Pall Mall" and "Lucky Strike".

British American Tobacco Latvia started operating in Latvia in 1992. The company's share capital is EUR 14,193,786. It is fully owned by Netherlands-registered Precis (1789) B.V..