WE WOULD LIKE TO CALL 2024 A YEAR OF TRANSFORMATION FOR AS KALVE COFFEE (THE ‘COMPANY’), MARKING THE BEGINNING OF KALVE 2.0.
We have been preparing for this transformation since 2021, when we made a strategic decision to develop one of the largest speciality coffee roasters in the Baltic States. We moved the roaster to larger premises and invested in creating a more efficient roaster with the aim of being able to scale our operations geographically.
By bringing one of the Company’s core values – accessibility – to life, we became a member of the Nasdaq Baltic First North exchange in the 4th quarter of 2024 by way of an initial public offering (IPO). This allows us to improve the Company’s governance and gives us the opportunity to develop faster. Last year, we maintained our previous growth rate, achieving our best financial performance to date.
We have opened a new concept – Kalve Living Room – and started working on expanding outside Latvia. But the most important thing is that we have been able to create conditions for further growth, which includes opening our own cafes and stores in Estonia and Lithuania, as well as promoting brand awareness outside the Baltic States.
The year 2025 comes with its own global challenges related to sustainability risks, which means we must continue to base our growth strategy on the principle of win-win outcomes for all stakeholders.
With optimism, energy, a motivated team and a desire to do, we are heading into 2025.
GATIS ZĒMANIS
CEO, Chairman of the Board
About AS Kalve Coffee
AS Kalve Coffee is a brand created by coffee professionals, aiming to develop and strengthen the culture of specialty coffee roasting, brewing, and appreciation in the Baltic region. Kalve Coffee began operations in early 2019. The core values of KALVE are outstanding coffee and service quality, honesty, excellent product design, and responsible practices in all processes. As we continue to grow, sustainability is key – both through products and services with a positive long-term impact and by caring for environmental quality at every stage of the coffee production chain. As stated in the company’s audited annual report, KALVE's turnover increased by 37% in 2024 compared to the same period last year.
Additional Information
Gatis Zēmanis
Chairman of the Board
+371 27303355
ir@kalvecoffee.com
Certified Advisor:
ZAB Eversheds Sutherland Bitāns SIA
Justīne Ignatavičute
Email: justine.ignatavicute@eversheds-sutherland.lv
Phone: +371 2866506