Latvijas Finieris Unaudited Results in 2017

23.02.2018

Based on preliminary assessment, the consolidated turnover of Latvijas Finieris Group in 2017 reached 229 million euros, which is 7% more than in 2016. With a steady demand, Latvijas Finieris exported a total of EUR 185 million worth of products in 2017, mainly to partners in the European continent (83%) and Asia.

 

The total number of employees of Latvijas Finieris Group in 2017 was 2 700, of which 2 200 worked in Latvia. The total amount of taxes paid by Latvijas Finieris Group in Latvia last year was 18.7 million euros. Consequently, over the last ten years, the total amount of taxes paid to the Latvian budget has reached 130 million euros. In addition, as of 2011, Latvijas Finieris Group has been charged a total of 12.4 million euros as the Compulsory Energy Component to support renewable energy and security of the power supply in Latvia. Taking into account the changes in the calculation of this component, this year the planned amount is 1.6 million euros (at the same level of economic activity in Latvia).

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