On October 7, LATRAPS held a webinar in which the company’s Board Member and Chief Financial Officer, Gundars Ruža, provided information about the results for the 2024/2025 financial year.
“Despite a year full of challenges, LATRAPS successfully concluded its financial year, achieving a 4% increase in turnover to EUR 254 million. Companies across Latvia continue to face rising operational and labor costs, which, under highly competitive conditions, impact the company’s ability to maintain profitability. As a result, in 2024–2025 the Cooperative generated EUR 2.7 million, representing 1.1% of its current turnover. During the reporting period, significant investments were also made in ASNS Ingredient SIA, which is currently developing a pea processing plant in Latvia. The Cooperative invested EUR 4 million in the company’s share capital, securing a 51.42% stake in the company, and also provided a subordinated loan of EUR 6 million. The total shareholders’ investments in SIA ASNS Ingredient amount to EUR 40 million,” highlights LATRAPS Board Member and Chief Financial Officer, Gundars Ruža.
The recording of the virtual conference is available: (5) LATRAPS FY 2024/2025 Investor webinar - YouTube.
The presentation shown during the webinar is attached.