Published: 2021-02-10 17:40:23 CET
MADARA Cosmetics
Company Announcement

AS MADARA Cosmetics – the Best Company in Investor Relations in the Baltic First North Market

Inside information, 2021-02-10 17:40 CET -- AS MADARA Cosmetics has been awarded the Nasdaq Baltic Award 2021 as the company with the best investor relations in the Baltic First North Market, which confirms that MADARA Cosmetics is a transparent, sustainable company that is able to demonstrate excellent practices of information sharing and achievements in attracting investors in the alternative market. This is already the second time that the company has won the award “Best Investor Relations in the First North Market”.

“We congratulate MADARA Cosmetics for its achievements and focus on increasing the company’s value based on clearly defined sustainability objectives. We also welcome its innovative ways of facilitating the involvement of all shareholders in the company’s corporate governance,” says Daiga Auziņa-Melalksne, the CEO of Nasdaq Riga and Head of Nasdaq Baltic Exchanges.

“The team of MADARA Cosmetics would like to thank everyone who appreciates our passion to explore and discover new horizons of creativity and synergies in green chemistry and mindful consumption. Together we build sustainable business that’s kind to this planet and respectful of each human being in this universe,” comments Lotte Tisenkopfa-Iltnere, Chairman of AS MADARA Cosmetics Board.

The Nasdaq Baltic Awards, launched in 2018, are a biennial initiative of the Nasdaq Baltic exchanges and Nasdaq CSD. The awards celebrate outstanding achievements by Nasdaq Baltic-listed companies in the areas of transparency, sound corporate governance and investor relations. They honor the companies with the best investor relations and the best shareholder return. They also recognize the best performing stock exchange members and highlight the most significant stock exchange events – those with the most impact on the Baltic capital market’s development. The evaluation of the Nasdaq Baltic Market’s listed companies and stock exchange members is conducted by local and international experts in corporate governance and investor relations. For more information, visit:


More information:

Kristiāna Antonišķe
AS MADARA Cosmetics
+371 29249583


Dace Bulte
Nasdaq Riga
+371 67 212 431

The shares of Madara Cosmetics are admitted to trading on Nasdaq Baltic First North Market.

The Certified Adviser for AS Madara Cosmetics is AS LHV Pank.

MADARA Cosmetics was founded in 2006 and has become one of the leading manufacturers of cosmetics in Northern Europe and the leader in Latvia. The cosmetics brand MÁDARA represented by the company is a pioneer in the segment of natural beauty care and make-up cosmetics in Latvia. In 2016 and in 2017, the company ranked in the Top 10 of the Most Reputable Companies of Latvia. At the beginning of 2017, the limited liability company was transformed to a joint-stock company. Since November 2017, the company’s shares have been listed on the “Nasdaq Baltic” alternative market “First North”. The company has been awarded the European “Role Model” award of the “SME Star Awards 2018” organised by the European Parliament in Brussels for small and medium companies. In 2019, the company received the Excellence Award at Nasdaq Baltic Award 2019 and is one of the companies that rings the bell of the trading session on the Nasdaq Stock Exchange in New York. At the end of 2020, the idea of AS MADARA Cosmetics gained worldwide recognition and won the World Intellectual Property Organization (WIPO) award WIPO IP Enterprise Trophy. For more information, visit

         Contact information:
         Address: 131 Zeltiņu Street, Mārupe district, Mārupe, LV 2167, Latvia
         Contact person: Uldis Iltners, member of the Management Board
         Phone: +371 67 470 243
         Certified advisor:
         AS “LHV Pank”
         Contact person: Ivars Bergmanis
         Phone: +372 680 2720

CEO of Nasdaq Riga Daiga Auziņa-Melalksne and Lotte Tisenkopfa-Iltnere, Chairman of AS MADARA Cosmetics Board
Lotte Tisenkopfa-Iltnere, Chairman of AS MADARA Cosmetics Board