News

A pivotal moment in APF Holdings (NASDAQ: EGG) expansion. One of the fastest-growing agriculture companies in Latvia officially entered its newest infrastructure extension into service today – this included three specialized buildings whose total area exceed 6500 m2. This development will allow to increase production speed by 60% - or to reach 180 million eggs produced annually.

According to the unaudited 2024 report of APF Holdings (hereinafter — APF), which includes one of the largest egg producers in the Baltics — SIA Alūksnes putnu ferma — the company achieved a record-high gross profit of €3.7 million, with a historically high gross margin of 29%. This result demonstrates the company’s ability to maintain steady gross profit growth since reaching its current production capacity in 2022.

SIA Alūksnes Putnu Ferma, one of the largest egg producers in the Baltics and part of APF Holdings (hereinafter referred to as APF or the Group), has commenced the production of innovative egg-based products designed for business clients such as restaurants, hotels, food manufacturers, bakeries, and more. This follows a substantial investment of over €2.9 million in a state-of-the-art production complex, marking APF’s transition from a traditional agricultural enterprise to a value-added food product manufacturer.

APF Holdings (henceforth – APF), which includes one of the largest egg producers in the Baltics, SIA Alūksnes Putnu Ferma, has started the production and sale of a new range of egg-based products – sports and health nutrition – under the Fiteg2 brand. In addition, APF has launched an online store for this product line – Fiteg2.com.

APF Holdings (hereinafter referred to as APF or the Group), which includes one of the largest egg producers in the Baltics, SIA Alūksnes putnu ferma, increased its volume of cage-free eggs by 51% in the first six months of this year year-on-year. The share of cage-free eggs in total production has grown from 49% in the first half of last year to 80% this year, which is strategically important given the growing market demand for cage-free eggs.

SIA Alūksnes putnu ferma, a company of the AS APF Holdings (hereinafter – APF) group, has made a strategic decision to transition to 100% renewable electricity for its operations starting July 1st. This means that from mid-summer onwards, APF will offer the market only “green eggs,” i.e., eggs produced using exclusively environmentally friendly electricity. This decision was made to meet the growing consumer demand for sustainably produced eggs in both the Baltic region and Europe.

APF Holdings (hereinafter referred to as APF or the Group), which includes SIA Alūksnes putnu ferma, one of the largest egg producers in the Baltics, has released its audited consolidated report for 2023. The report indicates that last year, the Group achieved historically high revenues of 13.3 million euros, an increase of 19% compared to the previous year. The company’s net profit was 527,108 euros, which is almost 200 thousand euros more than in 2022.

SIA Alūksnes putnu ferma, a company of the AS APF Holdings (hereinafter - APF) group, has signed a contract with agricultural equipment manufacturer Big Dutchman and will invest 4 million euros to equip two new laying hen houses with modern and automated poultry keeping equipment. Originally founded in the USA, Big Dutchman is now a German company with nearly 100 years of experience in manufacturing agricultural equipment, specializing in poultry and pig farming.