The sales volume of “Free Wave” was affected by the Russian economic embargo

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On the contrary, 302.49 thousand. EUR for the big profit of 2020, JSC “Brīvais vilnis” closed last year with 248.20 thousand. euro for large losses.

Last year the company was operating at a loss due to the rapid increase in the prices of materials and raw materials, as it was not possible to increase the prices of the products so drastically. “The supermarkets have actively resisted the price increase, setting a deadline – two or three months in advance to agree on the new prices,” said AS “Brīvais vilnis” in the management report. The firm adds that currently the psychological barrier has been overcome, customers have become more tolerant and price increases are occurring according to general inflationary processes. JSC “Brīvais vilnis” believes that only the increase in production prices, to the extent permitted by the market situation, is and will be the main source of profit. At the same time, the company points out that, against the background of the general rise in food prices, the price of canned food is lower.

JSC “Brīvais vilnis” said its sales were still affected by the Russian economic embargo and the decline in purchasing power in Central Asian countries. At the same time, sales volumes in Uzbekistan, Spain and the United States increased. The volume of canned food orders also increased significantly due to the war in Ukraine.

Information available to “Lursoft” shows that JSC “Brīvais vilnis”, registered in Salacgrīva, Limbažu district, was the employer of 308 employees in 2021. Last year the company paid 792.94 thousand compulsory contributions to the state social insurance. EUR, but in personal income tax – 290,28 thousand. EUR.

The real beneficiaries of JSC “Brīvais vilnis” are Arnolds Babris and Māris Trankalis.

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