He was not able to say when a company could appear in Finland in particular, but said the company had attracted a person working to implement it. Soon, it is planned to start a study of the relevant market to know what products to offer the product line to the Finnish market.
Chicker admitted that Liepkalni could sell candy confectionery in Finland, for example, biscuits, and would be able to deliver supplies easily, since a neighboring company in Estonia has been supplying wholesale products for seven years.
He also admitted that this year "Liepkalni" will conclude with an increase in turnover compared to the previous year. This is evidenced by the company's performance in the nine months of this year, with the company's turnover showing a growing trend.
He noted that "Liepkalni" opened the factory in Estonia earlier this year along with a café and a shop where not only the inhabitants of the neighboring country are buying but also many Latvians who make purchases in the market, which positively impacts the billing, as well as increased sales in the company's "A7" shop on the edge of the Riga-Kekava-Bauska road where there is a large influx of visitors.
Chkvar said that in the near future the company does not have a specific intention to open another store, but this idea is not excluded. "We will strengthen ourselves in the existing trading venues, and we will see how this will work," he said.
According to Chakura, competition in the baking industry is still strong, but its shape is changing. In the regions of a once-dominant small bakery, it stops competing due to competition, but instead, more and more bread starts baking retail stores. The challenge for industrial companies is also to change the eating habits of the population, as traditional consumption of rye bread decreases, rather than choosing whole wheat bread, which Liepkalni produces less, so it is not competitive with large producers in terms of price. Meanwhile, the demand for confectionery produced by Liepkalns is considered stable.
It has been reported that "Liepkalni" last year had a turnover of 7,517 million euros, an increase of 2.7% over the previous year, while the company's profit fell by 36.4% to 216,331 euros.
"Liepkalni" was founded in 1992. The registered capital of the company is 194,682 euros. The company is fully owned by Dagn Chuckram.