Latvijas Balzams

Overview

Amber Latvijas Balzams AS

type	Joint stock company
industry	Alcoholic beverages
foundation	1997
location city	Riga
location country	Latvia
key people	Aigars Kalvītis (Chairman) Guntis Āboltiņš-Āboliņš (General Director)
revenue	47,365,207 LVL (2012) 46,913,835 LVL (2011)
operating income	5,009,383 LVL (2012) 4,436,369 LVL (2011)
net income	4,193,003 LVL (2012) 3,651,862 LVL (2011)
assets	87,429,625 LVL (2012) 84,335,748 LVL (2011)
equity	50,879,628 LVL (2012) 46,638,090 LVL (2011)
owner	Amber Beverage Group Holding S.à r.l. (89.99%)‡R1R‡
num employees	613 (2012) 613 (2011)
homepage	balzams.lv/en/

Amber Latvijas Balzams is the largest alcoholic beverage producer in the Baltic states headquartered in Riga. As of 2006, it had a market share of about 50% in Latvia. The company has a long history as the beginning of it can be considered 1900 when Riga State Spirits Warehouse No.1 started operation as it later changed its name to Latvijas balzams in 1970 and eventually became a public joint stock company in 1997. Its flagship product is Riga Black Balsam which is a traditional Latvian herbal liqueur.[2]

References

AS LATVIJAS BALZAMS ANNUAL REPORT 2020 retrieved 2024-12-27^