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Friday, 10.01.2025, 19:18
Profit of Lofbergs Baltic dropped three times in its financial year
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The
company’s management said that sales did not change significantly compared to
the previous year because of changes in coffee prices in the world market.
In 2017-2018 the company plans to invest in expanding
the production premises and new equipment, thus, increasing the company’s
efficiency and production capacity.
The company also plans to develop operation of its
Lithuanian branch, increasing its profitability and continuing its development
and growth.
As reported, in the previous financial year from July
1, 2015, until June 30, 2016, Lofbergs Baltic posted EUR 13.785 million in sales and earned
EUR 630.807 in profit.
The company is a part of Swedish family business
AB Anders Lofberg. The company sells its products in Latvia and exports them to Lithuania,
Estonia, Finland, Denmark, and other countries.
The Swedish family-owned coffee roasting company
AB Anders Lofberg is one of the world's largest importers of ecological and Fairtrade
labelled coffee. Its central office is situated in Karlstad, Sweden, and it has
coffee roasting houses in Sweden, Latvia, Norway, Denmark and the UK.
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