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AS «Latvijas balzams»
COMPANY IN BRIEF
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AS “Latvijas Balzams” (LB) is more than a century old company established in 1900
Acquisition of AS “Rīgas vīni” in year 2000
Leading producer of alcoholic beverages in the Baltic states
AS Latvijas balzams direct export to more than 30 countries
The oldest trademark in the Baltic States Riga Black Balsam this year celebrates 260
years’ anniversary
In 2011 main shareholder - “S.P.I Regional Business Unit B.V.” with 89.53% of
shares
In 2011 there are 16 235 minor shareholders holding 10.47% (784 960) of shares
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CERTIFIED QUALITY MANAGEMENT
SYSTEM
LB quality management system is certified according to ISO 9001-2008
requirements.
The company has developed, implemented and maintains self-control system
based on the HACCP principles.
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Vision
Become the leading Spirits producer and exporter across the Baltic states
with market leading brands and organizational capability.
Mission
We are the leading spirits producer in the Baltic states that provides
quality products to the consumers at the domestic and export markets,
based on the longstanding traditions and the latest achievements in the
industry. We are socially responsible and appreciate the contribution of
our employees in the company’s development.
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AS «Latvijas balzams» share price development for
the period 01.01.11 – 31.12.11
ISIN
Ticker
Nominal value
Total number of securities
Number of listed securities
Indexes
LV0000100808
BAL1R
1,00 LVL
7 496 900
5 791 900
B3000GI, B3000PI, B3500GI, B3500PI,
OMXBGI, OMXBPI, OMXRGI
Open
Max
Min
Average price
Last
Change
Trades
No of shares traded
Turnover
Capitalization on 31.12.2011
Shares
AS «Latvijas balzams» shares are listed on NASDAQ OMX Riga Secondary market since October 15, 1998
2,803 EUR
4,963 EUR
2,702 EUR
3.586 EUR
2,958 EUR
6,343 %
1 177
133 473
481 141,91 EUR
2 2176 958,43 EUR
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FINANCIAL DATA
Net profit '000 EUR
2009
Sales: 79,111 mil. EUR*
Profit: 5,102 mil. EUR
5 700
5 578
5 600
5 500
5 400
5 300
2010
Sales: 74,358 mil. EUR*
Profit: 5,578 mil. EUR
5 200
5196
5 102
5 100
5 000
4 900
4 800
2011
Sales: 65,531 mil. EUR*
Profit: 5,196mil. EUR
2009
2010
2011
* without taxes
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INVESTMENTS IN THE COMPANY
SINCE 2000, mil. EUR
Millions
EUR
6.0
5.1
5.0
4.7
4.0
3.5
3.0
2.4
2.0
1.3
0.9
1.0
0.4
0.0
2005
2006
2007
2008
2009
2010
2011
2000 – 2,2
2001 – 2,5
2002 – 6,3
2003 – 7,6
2004 – 1,5
2005 – 4,7
2006 – 5,1
2007 – 3,5
2008 – 2,4
2009 – 1,3
2010 – 0,9
2011 – 0,4
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NEW PRODUCTS IN 2011
Creating new market segment in Latvia by launching a non-alcoholic alternative to
sparkling wines for adults - Riga non-alcoholic sparkling drink.
Entering new segment by launching beer base alcoholic cocktails’ line- «Čaks»
New SKU’s of «Riga Black Balsam Currant». New souvenir package.
«Private label» projects – vodka «Avans», cocktails «Lust» and « Kirow Dry Gin».
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SALES VOLUMES IN MAIN MARKETS,
000’ 9L CASES
3 500
3 000
2 500
2 000
1 500
1 000
500
0
2009
2010
2011
1 669
1 370
1 263
733
627
608
Export (S.P.I.)
3 056
3 266
3 139
Total, '000 9L cases
5 458
5 262
5 010
Local Market
Export (LB)
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MARKET
Currently LB is leading in the Baltic States’
market. Looking ahead, the company is planning
to maintain a leading position in these markets. LB
market share in Latvia is 24%.
24%
Latvijas Balzams
Other
Import
56%
20%
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PRODUCTION
Currently, with more than 100 products, LB has a
strong presence in almost all segments of strong
and light alcoholic beverages in the Latvian
market.
1%
Vodka
7%
Brandy and Strong
Alcoholic Drinks
23%
Liqueurs
29%
Sparkling wines
15%
Cocktails and Ciders
RBB
23%
3%
Other
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RIGA BLACK BALSAM
«Riga Black Balsam» – probably the oldest trademark
in Baltic states. The first mention of «Riga Black
Balsam» goes back to 1752 and is related to the name
of a pharmacist in Riga, Abraham Kunze.
All in this beverage is natural. Twenty four
ingredients, including the essences of numerous plants,
flowers, roots, berries and buds, give «Riga Black
Balsam» its original appeal and make it impossible to
duplicate. The production of Riga Black Balsam is a
secret that lies in the hands of only a few people.
Today, one third of «Riga Black Balsam» volume is
exported to more than 20 countries. The largest
markets are Russia, Ukraine, Lithuania, USA, Estonia
and Poland.
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«RIGA BLACK BALSAM CURRANT»
At the end of 2009 in the market successfully was
introduced a new «Riga Black Balsam Currant».
The new product continues success of «Riga
Black Balsam», that has received over 50 awards
at international competitions. In 2011 «Riga
Black Balsam Currant» received four
international awards, thus confirming the quality
and great taste.
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VODKA
Ancient traditions of vodka production are
embodied in traditional Russian vodkas
«Moskovskaya», «Stolichnaya»,
«Kaznacheyskaya», as well as in Latvia very
popular «LB vodka».
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BRANDIES AND STRONG ALCOHOLIC
BEVERAGES
LB produces a variety of brandies and spirit
drinks. The most popular and market leader in
Latvia- «Bonaparte» and in Lithuania –
«Grand Cavalier».
In 2012 a new products «Bonaparte
Cinnamon» and new premium line extension«Grand Cavalier Exclusive» with cinnamon
cane inside the bottle where launched in the
market..
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LIQUEURS
LB produces 10 kinds of liqueurs, of which
coffee liqueur «Moka», cream liqueurs «RMB
Cream» and «Charlotte» are the most popular.
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SPARKLING WINES
LB produces more than 20 types of
sparkling wines. «Riga sparkling wine»
is Nr.1 sparkling wine in Latvia; it has
received more than 40 international
awards.
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COCTAILS AND CIDERS
Currently LB produces about 20 different
cocktails and 9 ciders. Cider «Lucky Dog» is
the tenth most popular alcoholic beverage in
Latvia.
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Thank you!
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