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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.

SIA Alūksnes putnu ferma, a company of the AS APF Holdings (hereinafter - APF) group, has signed a contract with the construction company SIA Aimasa and will invest 2.728 million euros in the construction of two new laying hen houses, where the hens will be kept cage-free, ensuring the highest welfare standards. SIA Aimasa was selected through a competitive tender process with the best economic offer. It is expected that the first of the new laying hen houses will be commissioned by the end of this year, and the second by April next year.

APF Holdings (hereinafter - APF), which includes one of the largest Baltic egg producers SIA Alūksnes putnu ferma, the Unaudited Annual Report for the year 2023 indicates that APF concluded the past year with a turnover of 13.318 million euros, which is 18% more than the previous year when turnover was 11.229 million euros. Meanwhile, the company's profit last year was 527,108 euros, which is 59% more than the previous year when the profit was 331,047 euros.

APF Holdings (hereinafter referred to as "APF"), which includes one of the largest Baltic egg producers SIA Alūksnes putnu ferma, has successfully secured €7 million from a private bond placement. CVI acquired the entire volume of the bond issue. The maturity for the bonds is set at four years.

APF Holdings (hereinafter referred to as APF), which includes one of the largest Baltic egg producers, SIA Alūksnes putnu ferma, predicts a significant increase in demand for barn-laid eggs in Latvia this year. The demand could potentially double from around 36 million last year to 70-75 million this year. This projection considers the ongoing trend of supermarkets gradually discontinuing the sale of cage-laid eggs. APF also anticipates that egg prices in Latvia will remain stable, maintaining the level of 2023.

The report on reconstruction and increase of production capacity of the hen breeding and egg production facility “Alūksnes Putnu Ferma” was prepared in March 2023. The updated report, following public consultation, was prepared in May 2023 (the first edition submitted to the office on 31.05.2023; the second edition on 09.01.2024).

APF Holdings, a participant in the Latvian agro-industry and the third-largest egg producer in the Baltic region, which includes Aluksne Poultry Farm, has begun the delivery of pasteurized egg mass to the industrial culinary segment. The first deliveries to clients were made in October of this year, affirming the company's commitment to taking a leading role in sustainable and ethical culinary practices. This pasteurized egg mass, free from preservatives and additives, obtained from eggs laid in the barns of APF Holdings, reflects the company's dedication to ensuring quality, animal welfare, and meeting the requirements of the culinary industry.

Riga, Latvia - APF Holdings (hereafter referred to as APF), a prominent player in the Latvian agribusiness sector and the third-largest egg producer in the Baltic region, is pleased to announce the commencement of a new procurement process for the construction of two state-of-the-art hen houses. This strategic move aligns with the company's Initial Public Offering (IPO) objectives.