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Thursday, 07.05.2026, 17:35
Latvia: Wholesaler Eugesta Un Partneri turnover increases 21.4% in 2019
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The company's management report says that Eugesta Un
Partneri launched cooperation with several new partners in the first and
second quarters of last year, which contributed to the increase in turnover. In
the third quarter, the company acquired shares in the Estonian company Kafo.
The management report also states that last year Eugesta
Un Partrneri continued investing in fixed assets to improve and expand its
business in information technology, logistics, coffee technology, as well as
making intangible investments in brands; the company's investments amounted to
over EUR 560,000 last year.
The management report says that not all goals set for 2019
were achieved as the profit was smaller than projected.
In the future, Eugesta Un Partneri plans to continue
automation of processes and prepare for the introduction of new IT systems at
the company and its warehouses.
The state of emergency in Latvia declared to contain the
spread of Covid-19 has had a minimum impact on Eugesta Un Partneri, but
due to the current uncertainty it is impossible to predict how the virus will
affect the company in the future.
Eugesta Un Partneri was registered in 1996 and has a
share capital of EUR 142,287. The company belongs to Lithuania's KS Investicija
(90%) and Andris Pimanovs (10%).
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