APF Holdings
Announcement from First North

APF Holdings Launches New Egg Product Manufacturing and Storage Complex with Investment Over 2.7 Million Euros

APF Holdings (hereinafter referred to as APF or the Group), which includes one of the largest egg producers in the Baltics, SIA Alūksnes Putnu Ferma, has inaugurated a new egg product manufacturing and storage complex in Alūksne, investing over 2.7 million euros.

Equipment has already been installed in the new production facilities and is currently being tested. By the end of this year, it is planned to start egg processing in various product lines, such as producing liquid egg mass and egg white, yolk, and whole egg blend products for business clients (such as food manufacturers, restaurants, hotels, etc.). The equipment is designed to cover the full production cycle – from raw eggs to packaged products in various volumes and formats.

"The new manufacturing and storage complex is part of our strategic development plan, which underpinned our initial public offering at the end of 2023. We are expanding production by diversifying APF's product offerings. Protein from eggs and egg products is one of the most affordable and accessible sources of protein, and we aim to fully capitalize on this market demand by producing a growing variety of egg products. Our target market for these products is not only Latvia but also exports to various European countries where there is a deficit of egg products," says Hermanis Dovgijs, Chairman of the Board of SIA Alūksnes Putnu Ferma.

The new production area covers 1,976 square meters, while the storage complex will have a volume of 13,000 cubic meters, providing up to seven times more storage capacity than APF currently has. The expanded storage capacity is necessary both for current production and for when two new laying hen facilities, currently under construction, are put into operation.

About APF Holdings:

APF Holdings (NASDAQ: EGG) is a dynamic group of companies engaged in poultry farming, chicken egg production and trading, as well as gas and organic fertilizer production related to poultry farming processes. Our portfolio includes SIA Alūksnes putnu ferma (poultry farming and egg production), SIA APF Trading (wholesale trade in chicken eggs), SIA Oluksne (providing poultry farming and egg production services), SIA APF Energy (gas and organic fertilizer production), and SIA Preiļu putni (poultry farming and young chicken rearing). Founded in 2017, APF Holdings has become a leading player in the Baltic region's poultry and egg industry

         For further information, please contact:
         Jana Garanča
         Marketing and Digital Projects Manager
         APF Holdings
         M: +371 26408922
         E: jana.garanca@apfholdings.lv
         
         Certified Adviser:
         Signet Bank AS
         Contact Person: Kristiāna Janvare
         T: +371 67 081 128
         E: Kristiana.Janvare@signetbank.com