News

SALES REVENUE OF ESTONIA's LIVIKO DOWN SLIGHTLY LAST YEAR

TALLINN, Jun 25, BNS - The consolidated sales revenue of the Estonian alcoholic beverages maker AS Liviko was 1.7 billion kroons (EUR 108.6 mln) last year; the year before the sales revenue of the company was 1.8 billion kroons.

TALLINN, Jun 25, BNS - The consolidated sales revenue of the Estonian alcoholic beverages maker AS Liviko was 1.7 billion kroons (EUR 108.6 mln) last year; the year before the sales revenue of the company was 1.8 billion kroons.

The sales revenue of Liviko's own output increased 36 percent in 2009 against 2008. Last year the company sold 13 million liters of its own output, of which it exported 3.55 million liters, 28 percent of the total sales. The export of Liviko's own output grew 15 percent last year, Liviko said.

The operating profit of the group was 34 million kroons. The company has earlier said that the net profit of the group was 21 million kroons last year.

Difficult economic conditions and devaluation of local currencies generated a setback in the sale of Liviko's products on its traditional export markets of Russia and Ukraine, which growth of sales volumes on other export markets was unable to cover. In all the fall in the export was by 5 percent.

Liviko employes 201 people in Estonia, 97 in Latvia and 76 in Lithuania.

The results of the Estonian mother company AS Liviko, the Latvian subsidiary said Liviko and the Lithuanian subsidiary Liviko UAB have been consolidated into the financial results of the Liviko group.