Alcohol, Estonia, Export, Markets and Companies

International Internet Magazine. Baltic States news & analytics Wednesday, 19.06.2024, 21:24

Turnover of Liviko grew by a third in 2008

Juhan Tere, BC, Tallinn, 22.04.2009.Print version
The turnover of the Liviko Group grew by a third in 2008, as did exports of the company's own products, writes Äripäev.ee/LETA. Sales of Vana Tallinn liqueur grew by 10% on foreign markets.

The consolidated unaudited sales revenue of the enterprises in AS Liviko Group in 2008 amounted to 1,848 million kroons, growing by 32% in a year. AS Liviko sold 12.7 million litres of its own products in 2008, exporting 3 million litres of it – i.e. 24%. Exports of Liviko's own products grew by 31% in a year.

 

"The overall difficult economic situation in the Baltic States and the surge in excise taxes on alcohol has caused the local alcohol market to drop by 10-15%, but regardless of the overall decline on the market, AS Liviko Group has managed to significantly increase its market share," said the CEO of AS Liviko Janek Kalvi. According to him, the group's results could be considered very successful.

 

In 2008, AS Liviko mostly exported to its existing foreign markets – to Latvia, Lithuania, Ukraine, Russia, Finland, United States etc.

 

The enterprises of AS Liviko Group paid a total of 853 million kroons of excise tax on alcohol to the budgets of Estonia, Latvia and Lithuanai. 642 million kroons were paid into the Estonian State budget.






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