Latvijas balzams AS operates within the Wines, brandy, and brandy spirits sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Latvijas balzams AS with three other
wine and liquor producers in Europe:
Masi Agricola Spa
sales of 51.68 million Euros [US$62.65 million]
IM Vinaria Purcari SRL
(203.67 million Romanian Leu [US$50.18 million]
of which 87%
was Wine), and
Baron de Ley S.A.
based in SPAIN
(95.74 million Euros [US$116.05 million]
of which 97%
was Sale of Wine).
During the first
quarter of 2021, sales at Latvijas balzams AS totalled
13.30 million Euros .
This is a drop of 16.6%
from the 15.95 million Euros in sales at the company during the first quarter in 2020.
There appears to be at least some degree of seasonality in the sales at Latvijas balzams AS: during 5 of the previous 6
years, sales were highest during the fourth quarter.
The exception to this was during 2015, when the
third quarter was the best quarter, accounting for
27% of sales (during that same year, the
fourth quarter accounted for 25% of sales).
During the year ended December of 2020, sales at
Latvijas balzams AS were 68.62 million Euros (US$83.18 million).
decrease of 12.7%
versus 2019, when the company's sales were 78.56 million Euros .
The sales level in 2020 was fairly close to the level five years ago: in 2015, Latvijas balzams AS had sales
of 73.79 million Euros .