Latvijas Balzams production buildings at Aleksandra Čaka Street 170, Riga
Company type
Joint stock company
Traded as
Nasdaq Baltic: BAL1R
Industry
Alcoholic beverages
Founded
1997 (1997)
Headquarters
Riga
,
Latvia
Key people
Aigars Kalvītis (Chairman)[1]: 3
Guntis Āboltiņš-Āboliņš (General Director)[1]: 3
Revenue
47,365,207 LVL (2012)[1]: 9
46,913,835 LVL (2011)[1]: 9
Operating income
5,009,383 LVL (2012)[1]: 9
4,436,369 LVL (2011)[1]: 9
Net income
4,193,003 LVL (2012)[1]: 9
3,651,862 LVL (2011)[1]: 9
Total assets
87,429,625 LVL (2012)[1]: 11
84,335,748 LVL (2011)[1]: 11
Total equity
50,879,628 LVL (2012)[1]: 11
46,638,090 LVL (2011)[1]: 11
Owner
Amber Beverage Group Holding S.à r.l. (89.99%)[2]
Number of employees
613 (2012)[1]: 34
613 (2011)[1]: 34
Website
balzams.lv/en/
Amber Latvijas Balzams (English: Latvian Balsam) is the largest alcoholic beverage producer in the Baltic states headquartered in Riga.[3]: 2 As of 2006[update], 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]
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^"AS LATVIJAS BALZAMS ANNUAL REPORT 2020" (PDF).
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^"Latvijas pasta vēsture" (in Latvian). Latvijas Pasts. Retrieved 11 March 2011.
ISBN 0313331251. "Company history". AS Latvijasbalzams. Retrieved 18 June 2014. "Latvijas pasta vēsture" (in Latvian). Latvijas Pasts. Retrieved 11 March 2011...
know the exact recipe. Nowadays, Riga Black Balsam is produced by JSC LatvijasBalzams and has received more than 100 awards at different international fairs...
company controlled by Yuri Shefler, produces Stolichnaya in Latvia at LatvijasBalzams, using Latvian water but alcohol from a distillery in Tambov, Russia...
Prize for that achievement. In Latvia the Supreme Court has ruled that LatvijasBalzams, a local producer of Sovetskoye Shampanskoye, has sole right to use...