We have a full-cycle poultry business, including incubation of hatching eggs, broiler breeding, production of poultry and its products, feed manufacturing for self-supply and retail sale of chicken meat and its products.
Business is conducted by Latvian poultry companies AS Putnu Fabrika Kekava (incl. subsidiary SIA PFK Trader), SIA Lielzeltini, SIA Broileks, and SIA Cerova, together they account for about 60% of the Latvian poultry market and 15% of the Lithuanian poultry market, while Swedish poultry market share has grown up to 5%. The total consolidated revenue of this business was EUR 77 million in FY 2018/19.
AS Putnu Fabrika Kekava – No1 poultry producer in Latvia with full poultry manufacturing cycle, including egg incubation, chicken hatching, broiler breeding, production of fresh poultry and processed products under brand name ‘Kekava’. The company’s products are marketed under the trademark ‘Top choice poultry’ in the export markets. The subsidiary of the company, SIA PFK Trader operates 21 retail shops all over Latvia. AS Putnu Fabrika Kekava have the right to mark their poultry meat as ‘Raised without Antibiotics’. AS Putnu Fabrika Kekava has A grade BRC (British Retail Consortium) accreditation, also has ISO 50001:2012 and ISO 22000:200 certification, and is Halal certified.
SIA Lielzeltini – No2 poultry producer in Latvia: has an incomplete production cycle consisting of broiler breeding, production of fresh poultry and processed products sold under the brand name “Bauska”, as well as production of compound feed. The company has received ISO 22000:2006 and ISO 50001:2012 certifications, also is Halal certified.
SIA Broileks grows and sells live chicken. SIA Cerova incubate eggs and sells day-old chicks.
The poultry companies produced over 42 thousand tons of live weight and sold over 32.6 thousand tons of poultry and poultry products in FY 2018/19.
|Sales in tons||40,881||30,048||29,503||32,577||32,655|
|Sales revenue, thousand EUR||62,180||60,334||61,032||69,078||77,029|
|Gross profit, thousand EUR||9,642||4,496||6,987||9,375||9,793|
|Operating profit (loss), thousand EUR||3,193||(1,246)||1,545||3,904||2,431|
Note: Financial year starts on July 1st and ends June 30.