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News
Eco Baltia reminds of the procedure for the application of the reduced rate of income tax on coupon payment on bond issue 
News
Eco Baltia continues growth in 2024 – revenue reaches EUR 262.11 million
News
“Eco Baltia vide” continues waste management in Mārupe municipality after procurement process
News
Eco Baltia Group’s Lithuanian company, Ecoservice, opens the most advanced separately collected packaging sorting centre in the Baltics
News
Eco Baltia Group’s turnover reaches EUR 192.12 million in the first nine months of the year
News
Hazardous waste collection and processing company Eko Osta becomes Oil Recovery as a result of reorganization
News
Eco Baltia Group’s Lithuanian company Ecoservice’s total claim against Compensa reaches €13.6 million
News
Eco Baltia intends to acquire up to 100%of JSC DAUGAVPILS SPECIALIZĒTAIS AUTOTRANSPORTA UZŅĒMUMS
News
Eco Baltia has completed the acquisition of the hazardous waste collection and processing company Eko Osta
News
One of the largest PET bottle processing plants in Northern Europe has been opened in Latvia
News
Ecoservice, a Lithuanian company owned by Eco Baltia, sues Compensa for more than a year’s delay in paying compensation
News
Eco Baltia Group’s turnover increased by 10.8% in the first half of this year
News
Eco Baltia group company Eco Baltia vide, as part of an association of persons, will provide routine maintenance of transport structures in Riga for the next five years
News
AS Eco Baltia shareholders’ meeting will be held on 18 September
News
Eco Baltia continues to grow turnover this year – up 10% in the first quarter
News
Eco Baltia’s audited financial results for 2023
News
Decisions of the Ordinary General Meeting of Shareholders of Eco Baltia
News
Eco Baltia shareholders’ meeting will be held on 18 June
News
Eco Baltia’s second bond issue listed on the Nasdaq Baltic First North market
News
Eco Baltia acquires 40.4 % stake in road maintenance company in Latvian city Daugavpils
News
Changes in the management board of PET Baltija
News
Eco Baltia shareholders re-elect the Supervisory Board and appoint a new Supervisory Board member
News
Eco Baltia Group attains historic high turnover of EUR 218.5 million
News
Eco Baltia plans to acquire Eko Osta, a company that collects and recycles hazardous waste
News
Eco Baltia Group’s Lithuanian company Ecoservice investing €18 million to rebuild a sorting centre
News
Eco Baltia Extraordinary Shareholders’ Meeting will be held on 3 April
News
PET Baltija management board changes
News
Eco Baltia vide invests EUR 2.3 million in the development of two construction waste sorting and recycling sites
News
 Eco Baltia increases turnover by 4% in nine months
News
A new and modern waste sorting plant is being built in Acone, Salaspils Municipality
News
INVL Baltic Sea Growth Fund and Eco Baltia complete acquisition of Poland’s largest PVC recycler Metal-Plast 
News
Eco Baltia issues a €10 million bond with a high level of investor interest
News
Eco Baltia launches a fixed-rate bond issue of up to EUR 10 million
News
Eco Baltia closes the first half of 2023 with a 13% increase in turnover
News
Eco Baltia reminds of the procedure for the application of the reduced rate of income tax on coupon payments on bond issues
News
Julia Zandersone joins the board of Eco Baltia’s PET bottle recycling company PET Baltija
News
INVL Baltic Sea Growth Fund and Eco Baltia seek to acquire largest Polish PVC recycler Metal-Plast
News
Kaspars Ezernieks joins PET Baltija management team
News
JSC PET Baltija closes 2022 with historically best turnover
News
Saulius Budrevičius has been appointed to the board of board members at JSC “Eco Baltia”
News
Eco Baltia increases turnover by 21% to EUR 56.4 million in the first quarter
News
Eco Baltia group closes 2022 with the historically highest turnover
News
Eco Baltia vide LTD (SIA) increased its turnover by 44% last year and continues its steady growth
News
PET Baltija, in collaboration with PICHE, is developing one of the largest PET recycling factories in Europe with €35 million investment
News
In 2022, Eco Baltia achieves record-high consolidated net turnover of €210.79mn and pro-forma revenues of €240mn
News
Eco Baltia’s Czech polyester fibres producer TESIL Fibres appointed new CEO and Supervisory Board Members
News
Eco Baltia vide’s subsidiary in Lithuania, Ecoservice, has invested 700 000 EUR in a new sorting line for construction waste
News
Eco Baltia bonds admitted to trading on the Nasdaq Baltic First North Market
News
“Eco Baltia” issued 8 million EUR of bonds
News
“Eco Baltia” completes the placement of 8 million EUR of bonds attracting significant interest from investors
News
Eco Baltia announcement on the bonds placement
News
Recording of Eco Baltia’s webinar about inaugural bond issue public offering
News
We invite to create ideas for solving energy and waste problems in Latvia!
News
“Eco Baltia” invites to join webinar about its inaugural bond issue
News
“Eco Baltia” will start the subscription period for its inaugural 3-year bond issue
News
Eco Baltia’s consolidated turnover for 9 months of 2022 reached €154.9 mn
News
Eco Baltia group completes acquisition of the street and road maintenance company Pilsētas Eko Serviss
News
Plastic recycler Nordic Plast invests €2.8 million in modernization and development
News
Eco Baltia is preparing for inaugural bond issue
News
AS “Eco Baltia” shareholders meeting will be held on 12 January
News
LLC (SIA) “Eco Baltia vide” joins the Memorandum for the Development of Hydrogen Technologies
News
Changes in the Board of the Eco Baltia
News
Eco Baltia vide to expand its activities in street and road maintenance; plans the acquisition of Pilsētas Eko Serviss
News
INVL Baltic Sea Growth Fund-backed PET Baltija completes the acquisition of a leading Czech fibre producer
News
Largest Baltic PET recycler PET Baltija agrees to acquire leading Czech fibre producer
News
The only high quality PET pellet mill opened in the Baltic States in Jelgava with LVL 3.7 million investments
News
EBRD invests in waste management operator Eco Baltia
News
“Eco Baltia grupa” invested in the development of the company last year.
News
INVL Baltic Sea Growth Fund acquires majority stake in Eco Baltia
News
Last year the JSC “PET Baltija” has achieved the highest recycling volumes in the company’s history
News
AS Eco Baltia closes 2020 with its largest turnover yet: nearly 75 million euros
News
Eco Baltia completes acquisition for majority stake in Ecoservice

Management team

Eco Baltia Supervisory Board

  • Vytautas Plunksnis Chairperson of the Supervisory Board
  • Deimantė Korsakaitė Deputy Chairperson of the Supervisory Board
  • Alberto Atienza Güell Member of the Supervisory Board
  • Jurgita Petrauskienė Member of the Supervisory Board
  • Gints Pucēns Member of the Supervisory Board
  • Algimantas Markauskas Member of the Supervisory Board

Eco Baltia Management Board

  • Māris Simanovičs Chairman of the Management Board
  • Santa Spūle Member of the Management Board
  • Sigita Namatēva Member of the Management Board
  • Saulius Budrevičius Member of the Management Board

Financial results

2023

218 millions

2022

210 millions

According to the unaudited consolidated annual report 2022, Eco Baltia’s pro-forma revenues reached €240mn, growing by 60% compared to €150.0mn pro-forma revenue in 2021. Consolidated net turnover reached €210.79mn. This represents a 75.7% increase compared to 2021, when consolidated net turnover was €120.0mn. In 2022, Group’s consolidated net profit was €7,31mn and consolidated EBITDA reached €25,47mn. Leading companies of Eco Baltia are PET Baltija, TESIL Fibres, Nordic Plast, Metal Plast, Eco Baltia vide, Ecoservice, Latvijas Zaļais punkts and JUMIS. Group companies employ more than 2300 employees.

 

AS Eco Baltia PRESENTATION (October, 2023).

 

AS Eco Baltia 3-year bond issue  OFFERING DOCUMENT (October, 2023).

 

AS Eco Baltia 3-year bond issue OFFERING DOCUMENT and FINAL TERMS.

 

AS Eco Baltia PRESENTATION.

 

Reduced personal income tax rate application to note interest received by a tax non-resident of Latvia –HERE.

Eco Baltia’s consolidated unaudited report for the twelve months period ended 31 december 2024
Eco Baltia’s AS (JSC) unaudited report for the twelve months period ended 31 december 2024
Eco Baltia’s parent company’s unaudited consolidated interim report for the period ended 30 September 2024
Eco Baltia’s AS (JSC) unaudited interim report for the nine months period ended 30 September 2024
Eco Baltia’s parent company’s unaudited consolidated interim report for the period ended 30 June 2024
Eco Baltia’s AS (JSC) unaudited interim report for the six months period ended 30 June 2024
Eco Baltia’s parent company’s unaudited consolidated interim report for the period ended 31 March 2024
Eco Baltia’s AS (JSC) unaudited interim report for the three months period ended 31 March 2024
Eco Baltia's AS (JSC) audited annual report 2023
Eco Baltia’s consolidated audited annual report 2023
Eco Baltia’s consolidated unaudited report for the twelve months period ended 31 december 2023
Eco Baltia’s AS (JSC) unaudited report for the twelve months period ended 31 december 2023
Eco Baltia’s parent company’s unaudited consolidated interim report for the nine months period ended 30 september 2023
Eco Baltia AS unaudited interim report for the nine months period ended 30 september 2023
Reviewed consolidated financial statements of Eco Baltia AS for the first half of 2023
Eco Baltia’s parent company’s unaudited interim report for the six months period, 2023
Eco Baltia’s interim condensed consolidated six month report, 2023
Eco Baltia’s unaudited consolidated report for the six months period, 2023
Eco Baltia’s unaudited consolidated report for the three months period, 2023
Eco Baltia’s consolidated annual report 2022
Eco Baltia's unaudited consolidated annual report 2022
Eco Baltia’s interim condensed consolidated 9 month report, 2022
Eco Baltia’s consolidated annual report 2021
Eco Baltia’s consolidated annual report 2020
Eco Baltia’s consolidated annual report 2019
Eco Baltia’s parent company’s unaudited interim report for the three months period, 2023
Eco Baltia’s parent company’s annual report 2022
Eco Baltia's parent company's unaudited annual report 2022
Eco Baltia’s parent company’s annual report 2021 (available only in Latvian)
Eco Baltia’s parent company’s annual report 2020 (available only in Latvian)
Eco Baltia’s parent company’s annual report 2019 (available only in Latvian)

Information about auditor

Company SIA “Deloitte Audits Latvia”
Address Republikas Laukums 2a, Riga, LV-1010, Latvia
License no 43
Company
SIA “Deloitte Audits Latvia”
Address
Republikas Laukums 2a, Riga, LV-1010, Latvia
License no
43
Finances auditor

Corporate governance

Organizational structure

Leading companies in the existing “Eco Baltia” portfolio are “Eco Baltia vide”, “Ecoservice” in Lithuania, “LATVIJAS ZAĻAIS PUNKTS”, “Jumis”, “Oil Recovery”, “NORDIC PLAST”, “Iterum”, “TESIL Fibres” in Czech Republic and “Metal Plast” in Poland. Companies of “Eco Baltia” provide full cycle of environmental services, including recycling of plastics. Group’s companies have 30 operational facilities across Latvia, Lithuania, Poland and Czech Republic.

Management team

Eco Baltia Supervisory Board

  • Vytautas Plunksnis Chairperson of the Supervisory Board
  • Deimantė Korsakaitė Deputy Chairperson of the Supervisory Board
  • Alberto Atienza Güell Member of the Supervisory Board
  • Jurgita Petrauskienė Member of the Supervisory Board
  • Gints Pucēns Member of the Supervisory Board
  • Algimantas Markauskas Member of the Supervisory Board

Eco Baltia Management Board

  • Māris Simanovičs Chairman of the Management Board
  • Santa Spūle Member of the Management Board
  • Sigita Namatēva Member of the Management Board
  • Saulius Budrevičius Member of the Management Board

Shareholder structure

Shareholders of AS “Eco Baltia” are “INVL Baltic Sea Growth Fund” through UAB “BSGF Salvus” (52.81%), the European Bank for the Reconstruction and Development (30.51%) and the management of the company (16.68%).

Structure image

Governance documents

Eco Baltia presentation
Articles of Association
Policy on the selection, nomination, evaluation and responsibility of Management Board members
Code of Conduct
Code of Conduct of a Cooperation Partner

Contacts for investors

Alise Zvaigzne

Public Relations

+ 371 28780467

investors@ecobaltia.lv

Environment

The Group’s business activities are based on the circular economy and environmentally friendly principles. Our mission is not only to reduce resource consumption and emissions, but also to implement energy-efficient solutions.

 

See our environmental sustainability policy

 

 

 

The services of Eco Baltia Group are focused on making a real contribution to the protection of nature and the efficient use of resources. In recent years, the fleet of Eco Baltia has been supplemented by vehicles that run on compressed natural gas, which reduces CO2 emissions. Funds have also been invested in a mobile vehicle to deliver a waste container washing service to the customer’s address. This not only significantly reduces travel costs and environmental impact, but improves the convenience of our service as well. We have signed a memorandum to strengthen cooperation towards the development of hydrogen technology in Latvia, and are already carrying out research to use non-recyclable waste mass for gasification, which will eventually also produce hydrogen to power our own fleet. By engaging in and supporting projects to develop environmentally friendly technologies, Eco Baltia further reduces its ecological footprint.

 

We are proud of the annual support and partnership of Latvijas Zaļais punkts in the Baltic Brand Forum, participating in the top ranking of the Greenest Brands in Latvia. Our initiatives – such as textile collection and the provision of textile container infrastructure, as well as the implementation of “Vislatvijas šķiratlons” [All-Latvia Sortathon] for several consecutive years – demonstrate the commitment of Eco Baltia to sustainable lifestyles and responsible resource management. Currently, more than 700 textile containers are available in Latvia and Lithuania; the company also provides end-of-life electronics collection services across more than 100 locations throughout Latvia.

 

We are actively involved in the implementation of climate programmes and in cooperation with the LIFE integrated project “Waste as Resources in Latvia – Promoting Regional Sustainability and Circulation through the Concept of Waste as a Resource” (LIFE Waste To Resources IP, LIFE20 IPE/LV/000014).

 

 

Key achievements

 

  • “Eco Baltia vide” Platinum category in the Latvian Sustainability Index (2022 and 2023)
  • “PET Baltija” Gold Category (2023) and Silver Category (2022) in the Latvian Sustainability Index
  • ISO 50001:2018 Energy Management System certification awarded to “Eco Baltia vide” (2022), PET Baltija (2022) and Nordic Plast (2022)
  • ISO 14064-1:2018 Greenhouse gas verification certification awarded to “Eco Baltia vide” (2021 and 2022), “JUMIS” in Sigulda (2022), “Latvijas Zaļais punkts”(2022), “Nordic Plast” (2021 and 2022), “PET Baltija” (2021 and 2022)
  • FSC 22000 Food Safety Management System certificate awarded to “PET Baltija” (2022)
  • EcoVadis certificate
  • “Tesil Fibre” (2022) awarded Eco Label certificate, GRS certificate and Oeko-Tex Standard 100

Corporate governance

The business of “Eco Baltia” is based on the principles of integrity and ethics at every stage of business, contributing to sustainable growth.

 

Code of Ethics

 

Business Partner Code of Conduct

Risk Management policy

 

Policy on the selection, nomination, evaluation and responsibility of Management Board members

 

The main objective of our company is to produce each successive unit with fewer resources compared to the previous production cycle. To this end, we are constantly monitoring technological developments, implementing innovative projects and investing in new equipment to maintain our competitiveness and strengthen our position on the European market.
We value and apply LEAN methods, especially the KAIZEN and 5S approach to business processes, which allows us to continuously improve and optimise our operations.

 

Eco Baltia companies are active members of the Latvian Association of Waste Management Companies, the Employers’ Confederation of Latvia, the Latvian Tyre Management Association and the Latvian Chamber of Commerce and Industry reflecting our commitment to business improvement and overall sustainability.

 

Key achievements

  • Eco Baltia – 36th place in the TOP 101 most valuable companies in Latvia (2022) and 37th place in the TOP 500 largest companies in Latvia
  • PET Baltija – the 3rd largest chemical company by turnover in the TOP 500 ranking of the largest companies in Latvia (2022)
  • Nordic Plast – the 18th largest chemical company by turnover in the TOP 500 ranking of the largest companies in Latvia (2022)
  • ISO 9001:2015 Quality Management System certification obtained by “Ecoservice” (2023), “Latvijas Zaļais punkts” (2022), “Tesil Fibres” (2022), “PET Baltija” (2022) and “Nordic Plast” (2022), “Eco Baltia vide”, “Pilsētas Eko Serviss”
  • ISO 14001:2015 Environmental Management System certification received by “Ecoservice” (2023), “PET Baltija” (2022) and “Nordic Plast” (2022)
  • ISO 50001:2018 Energy Management System certification awarded to “Nordic Plast” (2022), “Eco Baltia vide” (2022), “PET Baltija” (2022)
  • Participation in the “Sustainable Public Management” training programme at Malmö University (2023)
  • “Eco Baltia vide” partnership with RISEBA’s “Sustainability Challenge” to support and encourage students to come up with unique ideas to tackle different energy and waste issues

Social responsibility

Delivering value to our customers and demonstrating long-term capacity.

 

“Eco Baltia” consistently implements a zero-accident policy, ensuring a safe working environment and taking responsibility for the safety of all employees. We focus on the education, well-being and diversity of our employees, creating the right conditions for individual development and teamwork. More than 50 employees have already graduated from the Growth Academy and are continuing their training. At the same time, we continue to foster the development of internal leaders by supporting employees in their professional and personal development: team management, project management, stress management, LEAN fundamentals and process optimisation, as well as sales skills.

 

We are committed to the “Mission Zero” , which focuses on human health and safety through safe working conditions and internal culture of companies.

The company “Eco Baltia vide” cooperates with the Butterfly Effect Association, donating more than one tonne of textile products to orphanages every year. We also continue our successful cooperation with the Latvian Society of the Blind by providing special signs on sorted waste containers.

 

Key achievements

 

  • “Ecoservice” has obtained ISO 45001:2018 Occupational Health and Safety System certification for 2023 (EBV has this ISO certification valid until September this year, and “Pilsētas Eko serviss” Ltd. also has this certification)
  •  “Eco Baltia” and its Group companies received “Family Friendly Workplace” (2023) status under the national programme implemented by the Society Integration Foundation
  • The companies of “Eco Baltia” Group actively participate in the Entrepreneurs for Peace movement, receiving the Order of the Three Stars for their selfless contribution.

News

17.02.2023.

“Eco Baltia” issued 8 million EUR of bonds


13.02.2023.

“Eco Baltia” completes the placement of 8 million EUR of bonds attracting significant interest from investors


10.02.2023.

Eco Baltia announcement on the bonds placement


08.02.2023.

Recording of Eco Baltia’s webinar about inaugural bond issue public offering


 

Bonds

ISIN Aggregate Nominal Amount Interest Rate Maturity Date
LV0000860138
LV0000860120
EUR 10,000,000
EUR 8,000,000
9%
8%
2 November 2026
17 February 2026

AS Eco Baltia COMPANY DESCRIPTION ( April 2024)


AS Eco Baltia PRESENTATION ( October 2023)


AS Eco Baltia 3-year bond issue  OFFERING DOCUMENT (October, 2023).


AS Eco Baltia 3-year bond issue OFFERING DOCUMENT and FINAL TERMS.


AS Eco Baltia PRESENTATION (February 2023)


Reduced personal income tax rate application to note interest received by a tax non-resident of Latvia (updated on February 5, 2025).


07.02.2023. PRESENTATION demonstrated during the webinar about inaugural bond issue public offering.




The group's shareholders are UAB "BSGF Salvus", which represents the largest private investment fund in the Baltics "INVL Baltic Sea Growth Fund" (52.81%), the European Bank for Reconstruction and Development (ERAB, 30.51%), as well as Māris Simanovičs (with through Enrial Holdings SIA and Penvi Investment Ltd., 16.68%)

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