Latvijas Balzams

A/S Latvijas Balzams

Type
Traded as	Nasdaq Baltic: BAL1R
Industry	Alcoholic beverages
Founded	1997 (1997)
Headquarters	Riga, Latvia
Key people	Aigars Kalvītis (Chairman) Guntis Āboltiņš-Āboliņš (General Director)
Revenue	47,365,207 LVL (2012) 46,913,835 LVL (2011)
Operating income	5,009,383 LVL (2012) 4,436,369 LVL (2011)
Profit	4,193,003 LVL (2012) 3,651,862 LVL (2011)
Total assets	87,429,625 LVL (2012) 84,335,748 LVL (2011)
Total equity	50,879,628 LVL (2012) 46,638,090 LVL (2011)
Number of employees	613 (2012) 613 (2011)
Website	balzams.lv/en/

Latvijas Balzams (English: Latvian Balsam) is the largest alcoholic beverage producer in the Baltic states headquartered in Riga. As of 2006^[update], it had a market share of about 50% in Latvia. The company has a long history as the beginning of it can be considered 1900 when Riga State Spirits Warehouse No.1 started operation as it later changed its name to Latvijas balzams in 1970 and eventually became a public joint stock company in 1997. Its flagship product is Riga Black Balsam which is a traditional Latvian herbal liqueur.