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Akola Group's poultry business to implement a €13 million investment program
Globenewswire· 2025-12-11 07:45
Core Insights - Akola Group's poultry business plans a €13 million investment program for the 2025–2026 financial year, focusing on production modernization, incubation capacity expansion, biosecurity enhancement, and environmental efficiency solutions [1] - In the 2024–2025 financial year, the poultry business in Lithuania and Latvia generated sales revenue of €325 million and a gross profit of €69 million, producing over 120,000 tons of live-weight poultry meat [2] - The largest projects this year are at Vilniaus Paukštynas, which includes modernization with AI-based technologies and investments in odor control and air purification, totaling over €2.6 million in the past year and a half [3] - The company plans to invest around €9 million in Lithuania for modernization, capacity expansion, and environmental protection, which will enhance business efficiency and competitiveness [4] - In the first three months of the 2025–2026 financial year, poultry production volumes remained stable, with a 15% increase in revenue and nearly 19% increase in gross profit compared to the same period last year [5] - Akola Group intends to invest €43 million across various projects throughout the 2025–2026 financial year [6] - Akola Group is the largest agribusiness and food production group in the Baltics, with a revenue of €1.58 billion and a net profit of €61 million in the 2024–2025 financial year [7]