Latgale Granulas Ltd
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Latgale Granulas Ltd - overview
Established
2014
Location
-, -, Latvia
Primary Industry
Forestry & Timber
About
Latgale Granulas Ltd specializes in producing high-quality wood pellets that meet ENplus A1 standards, utilizing industrial by-products for sustainable energy solutions in heating. Founded in 2014 in Latvia, Latgale Granulas Ltd produces wood pellets for renewable energy. In November 2014, the company raised EUR 0. 360 million in funding from Fly Cap.
The company operates from its facility, which began production in January 2016, allowing for a monthly output of 2,000 tons. There are no mentions of parent or subsidiary relationships. SIA "Latgales Granulas" focuses on producing ENplus A1 standard wood pellets from industrial by-products sourced from SIA Aļņi AS. These wood pellets serve residential and commercial heating needs, primarily targeting markets in Denmark, Norway, and Italy.
The production process emphasizes sustainability and meets specific customer requirements, enhancing market competitiveness. In 2022, SIA "Latgales Granulas" reported a revenue of EUR 6,924,915. 1 and an EBITDA of EUR 2,616,996. 8, primarily through B2B transactions with distributors and wholesalers in Scandinavia and Southern Europe.
The company maintains a dedicated warehouse for efficient inventory management, facilitating bulk orders based on customer needs. Latgale Granulas Ltd is focused on expanding its market presence and plans to launch new wood pellet products tailored for specific customer demands. The company aims to target additional markets in Europe by 2025, enhancing its reach in regions that prioritize sustainable energy sources. The recent funding of EUR 0.
360 million will support these expansion initiatives, improving production capabilities and market entry strategies.
Current Investors
FlyCap
Primary Industry
Forestry & Timber
Sub Industries
Industrial Wholesalers, Wood/Hard Products
Website
www.latgalesgranulas.lv
Verticals
E-commerce
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
Latgale Granulas Ltd - financials
| Fiscal Year Ended | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | 1,320 | 984,210 | 2,316,640 | 3,035,593 | 2,975,004 | 2,477,695 | 2,708,065 | - | - | - |
| % Revenue Growth (YoY) | - | - | 74461.4% | 135.4% | 31.0% | (2.0%) | (16.7%) | 9.3% | - | - | - |
| EBITDA (USD) | (27,755) | (160,914) | (369,958) | 148,134 | 211,255 | 18,130 | (22,914) | 368,279 | - | - | - |
| Operating Income (USD) | (27,755) | (160,914) | (369,958) | (19,058) | 39,837 | (156,012) | (199,346) | 197,288 | - | - | - |
| Operating Margin | - | (12190.5%) | (37.6%) | (0.8%) | 1.3% | (5.2%) | (8.0%) | 7.3% | - | - | - |
| % EBITDA Margin | - | (12190.5%) | (37.6%) | 6.4% | 7.0% | 0.6% | (0.9%) | 13.6% | - | - | - |
| NET Income (USD) | (28,351) | (182,281) | (413,202) | (56,203) | 1,334 | (194,514) | (219,896) | 172,263 | - | - | - |
| % Net Margin | - | (13809.2%) | (42.0%) | (2.4%) | 0.0% | (6.5%) | (8.9%) | 6.4% | - | - | - |
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