On 21 August, Eco Baltia held a webinar during which the Chairman of the Management Board, Māris Simanovičs, and the Member of the Management Board and CFO, Santa Spūle, presented the audited financial results for 2024. They also provided an update on key developments at the company in 2025, including the recently published ESG report for the previous year.
“The past year and the beginning of this year demonstrate Eco Baltia’s steady growth, which was also highlighted at today’s webinar. We believe that regular dialogue with investors is one of the most effective ways to strengthen trust and confidence in the company’s strategic direction. Transparency and openness continue to be our key priorities in communication with investors, partners, clients, employees, and society as a whole,” says Māris Simanovičs.
A recording of the virtual conference is available here.
The presentation shown during the webinar is attached.
About Eco Baltia JSC (AS)
Eco Baltia is the largest environmental resource management and recycling group in the Baltics, ensuring a full waste management cycle - from waste collection and sorting to secondary raw material logistics, wholesale, and the recycling of secondary materials, including PET and PE/PP plastics, as well as PET fiber production.
The Eco Baltic group ended 2024 with its largest ever audited consolidated turnover of 261.54 million euros, an increase of 20% compared to 2023.
The group’s companies in Latvia, Lithuania, Poland and Czech Republic have more than 2,600 employees. The largest of the companies the group owns are Eco Baltia vide, Latvijas Zaļais punkts, Nordic Plast, Oil Recovery, and ITERUM in Latvia, Metal-Plast in Poland, TESIL Fibres in Czech Republic, and Ecoservice in Lithuania.
The shareholders of Eco Baltia are the INVL Baltic Sea Growth Fund (52.81% through UAB BSGF Salvus), the European Bank for the Reconstruction and Development (30.51%) and Māris Simanovičs (15.93% through SIA Enrial Holdings and 0.75% through Penvi Investment Ltd).