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The company was informed that despite the fact that the total fuel retail market in Latvia decreased by 3.6% in 2020, Virši-A was not only able to increase its market share, but also increase the amount of fuel sold in both retail and wholesale compared to 2019. .year. Last year, the retail turnover of the company’s goods increased by 3.6 million euros or 16.1%.
“Last year was one of the most challenging but successful years in the company’s history. On the one hand, we felt the effects of the pandemic, which introduced significant adjustments in the business environment and reduced market demand for fuel products. On the other hand, we were able to increase , reducing the negative impact of the pandemic on the fuel and goods retail market, “said Jānis Vība, Chairman of the Board and CEO of Virši-A.
In accordance with the development strategy, in 2020 “Virši-A” expanded and modernized the network of gas stations, and in 2020 it consisted of 63 gas stations. Last year, the number of “Virši-A” employees also increased by 6%, reaching 552.
Marking this year’s plans, Vība reminded that “Virši-A” aims to start listing the company’s shares in the second half of the year “Nasdaq Riga“in the alternative market” First North “.
“Raising capital to boost future growth through the initial public offering of shares is part of the new growth strategy. Anyone will be able to apply for the planned share issue in the second half of this year. Estonian, Latvia and Lithuania resident, also our customers, partners and employees, “said Vība.
In the second half of 2021, Virši-A plans to raise capital and start listing on the Nasdaq Riga alternative market First North, making an initial public offering.
The owners of “Virši-A” are Jānis Riekstiņš, Ruta Plūme, Jānis Rušmanis, Andris Priedītis and Ilgvars Zuzulis, including according to the published minutes of the February 2020 shareholders’ meeting. 23.6%, but Priedītis and Zuzulis owned 14.5% of the shares.
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