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Latvijas Finieris enjoyed 7% growth in turnover

17.04.2018 − 

Latvijas Finieris boosted its revenues by 7% to about €229m last year, according to preliminary figures. The company had thus experienced another sharp growth on the heels of a 9% improvement in 2016. Growth had been in the low to middle single-digit percentage range in previous years.

Latvijas Finieris 2017 delivered a disproportionately good performance in the export business. Preliminary figures showed that export revenues increased 9% to €185m. Some 83% of this sum was booked in Europe, with the rest mainly coming from Asia. Latvijas Finieris operates mills in Riga, Rezekne (Latvia), Ukmerge (Lithuania), Kohila (Estonia) and Sastamala (Finland).

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