Akola Group's Strategic Investment for Poultry Growth
Akola Group is embarking on an ambitious €13 million investment program aimed at enhancing its poultry business, which includes notable brands in Lithuania and Latvia. This investment, scheduled for the upcoming financial year, emphasizes four major areas: advancing production technology, expanding incubation capabilities, reinforcing biosecurity measures, and improving environmental efficiency.
Modernization and Capacity Enhancements
In recent years, Akola Group has made consistent strides in updating its poultry operations. The company's Deputy Chairman, Andrius Pranckevi?ius, emphasized the importance of sustainability and operational reliability. In the past financial year alone, the poultry business generated impressive sales of €325 million, with an excellent gross profit of €69 million, reflecting the operational scale and enhanced efficiency. With over 120,000 tons of live-weight poultry produced, the group is positioned for substantial growth.
Advanced Production Technologies
The major projects currently underway at Vilniaus Paukštynas focus primarily on production modernization. The facility is adopting AI-driven technologies for meat preparation that will elevate production quality while ensuring compliance with safety regulations and animal welfare standards. The ongoing enhancements also include advanced odor control and air purification installations, alongside significant investments aimed at reducing environmental impact.
Strengthening Biosecurity Measures
In light of increasing avian disease outbreaks across Europe, the need for improved biosecurity has become a priority for Akola Group. Deputy CEO for Finance and Investments, Mažvydas Šileika, highlighted plans for around €9 million of investments dedicated to not only modernization but also to implementing robust environmental protection projects. These measures are essential in maintaining operational efficiency and safeguarding the supply chain against potential disruptions.
Positive Market Trends and Outcomes
As the new financial year unfolds, Akola Group reports stable poultry production levels, with no disease outbreaks, reflecting the effectiveness of their management strategies. Productivity is also high, particularly in Latvia, contributing to a fruitful market environment where stable prices have bolstered revenue performance. Recent data shows a significant revenue increase of 15%, alongside a gross profit surge of nearly 19% year-over-year.
Ongoing Commitment to Investment and Growth
In alignment with its growth strategy, Akola Group plans to allocate an impressive total of €43 million for various projects within the next financial year. This ambitious investment is aimed at ensuring that the group continues its upward trajectory, meeting growing consumer demands while enhancing operational capabilities.
A Look at Akola Group's Overall Performance
As the leading agribusiness and food production entity in the Baltics, employing over 5,000 people, Akola Group has a robust portfolio of companies operating throughout the complete food production chain. The previous financial year's figures further demonstrate the group's strength, with revenues of €1.58 billion and 3.1 million tons of products sold, highlighting their central role in the food industry.
Frequently Asked Questions
What is the primary focus of Akola Group's investment program?
The primary focus is on production modernization, capacity expansion, biosecurity measures, and improving environmental efficiency.
How much revenue did Akola Group generate in the last financial year?
In the 2024–2025 financial year, Akola Group generated €325 million in sales from its poultry business.
Where are Akola Group's poultry operations located?
The poultry operations are primarily based in Lithuania and Latvia, encompassing brands such as Vilniaus Paukštynas.
What technologies is Akola Group implementing in its poultry operations?
They are adopting AI-based carcass preparation technologies to enhance production quality and safety.
What overall investments are planned for Akola Group across the group in the financial year?
Akola Group plans to invest €43 million across various projects within the upcoming financial year.
