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Friday, 23.05.2025, 14:53
Orkla Foods Latvija achieved EUR 24.39 mln in turnover in 2015
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"The company has been operating under the name of Orkla Foods Latvija since December 2015 when it completed the restructuring process in which Spilva and Gutta were merged into one company. Consequently, the 2015 turnover of Orkla Foods Latvija comprises the whole annual turnover of Spilva and a three-month (October-December) turnover of Gutta," said the company CFO Jolanta Garda, explaining that for this reason, the company's 2015 financial result cannot be compared with its performance results for previous years when Spilva and Gutta operated as separate companies.
According to information provided by Orkla Foods Latvija representatives, Spilva raised sales on the domestic market by 4.9% year-on-year in 2015. Making mayonnaise for the Czech market provided the biggest contribution to export sales – EUR 0.86 million.
Investments made by Orkla Foods Latvija last year added up to EUR 1.56 million, with EU co-funding accounting for EUR 0.74 million of that amount.
Orkla Foods Latvija is one of the largest fruit and vegetable processing companies in Latvia. It belongs to Norway' s food group Orkla.
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