Latvijas Balzams

Amber Latvijas Balzams (English: Latvian Balsam) is the largest alcoholic beverage producer in the Baltic states headquartered in Riga.[3]: 2  As of 2006, it had a market share of about 50% in Latvia.[4]: 110  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.[5] Its flagship product is Riga Black Balsam which is a traditional Latvian herbal liqueur.[6]

Amber Latvijas Balzams AS
TypeJoint stock company
Nasdaq Baltic: BAL1R
IndustryAlcoholic beverages
Founded1997 (1997)
Headquarters
Riga
,
Latvia
Key people
Revenue
  • Steady 47,365,207 LVL (2012)[1]: 9 
  • 46,913,835 LVL (2011)[1]: 9 
  • Increase 5,009,383 LVL (2012)[1]: 9 
  • 4,436,369 LVL (2011)[1]: 9 
  • Increase 4,193,003 LVL (2012)[1]: 9 
  • 3,651,862 LVL (2011)[1]: 9 
Total assets
  • Increase 87,429,625 LVL (2012)[1]: 11 
  • 84,335,748 LVL (2011)[1]: 11 
Total equity
  • Increase 50,879,628 LVL (2012)[1]: 11 
  • 46,638,090 LVL (2011)[1]: 11 
OwnerAmber Beverage Group Holding S.à r.l. (89.99%)[2]
Number of employees
  • Steady 613 (2012)[1]: 34 
  • 613 (2011)[1]: 34 
Websitebalzams.lv/en/

References
  1. "Annual report for the period ended 31 December 2012" (PDF). AS Latvijas balzams. Retrieved 18 June 2014.
  2. "AS LATVIJAS BALZAMS ANNUAL REPORT 2020" (PDF).
  3. "Condensed financial statements for the first 3 months of 2014" (PDF). AS Latvijas balzams. Retrieved 18 June 2014.
  4. Kevin O'Connor (2006). Culture and Customs of the Baltic States. Greenwood Press. ISBN 0313331251.
  5. "Company history". AS Latvijas balzams. Retrieved 18 June 2014.
  6. "Latvijas pasta vēsture" (in Latvian). Latvijas Pasts. Retrieved 11 March 2011.


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