Pieno žvaigždės

AB Pieno žvaigždės
Company typePublicly listed
IndustryDairy
Founded23 December 1998 (1998-12-23)
FounderJulius Kvaraciejus[1]
HeadquartersPerkūnkiemio gatvė 3, Vilnius, Lithuania
Area served
Worldwide
Key people
Aleksandr Smagin CEO
ProductsMilk, yogurt, kefir, cheese, ice cream
RevenueIncrease€210.36 million (2024)
Decrease€12.60 million (2024)
Decrease€10.07 million (2024)
Total assetsIncrease€77.63 million (2024)
Total equityIncrease€40.03 million (2024)
Number of employees
Increase1,698 (2024)
Divisions
List
  • Pasvalio sūrinė
  • Mažeikių pieninė
  • Kauno pienas
  • Panevėžio pienas
Websitewww.pienozvaigzdes.lt
Footnotes / references
[2][3]

AB Pieno žvaigždės is a Lithuanian multi-country dairy products company, traded publicly in the NASDAQ OMX Vilnius under the ticker symbol PZV1L. It is the fourth-largest dairy company in the country[4] uniting Mažeikiai dairy, Kaunas dairy, Pasvalys creamery and company "Panevėžio pienas".[5]

The company president is Aleksandr Smagin.[6]

History

In 1998, company was founded after the merger of the companies "Mažeikių pieninė" (founded in 1926) and "Pasvalio sūrai" (founded in 1948). In 2000, the company "Kauno pienas" (founded in 1936) joined, in 2004 – Panevėžio pienas" (founded in 1942).[5]

In 2014, due to sanctions on Russia, the company stopped its exports to Kaliningrad.[7]

Since 2015, the company has started exporting its products to Chile.[8]

Sales share by country (in 2024):[2]
  1. Lithuania (58.5%)
  2. Poland (6.94%)
  3. Germany (7.04%)
  4. Latvia (4.36%)
  5. Uzbekistan (3.17%)
  6. Israel (2.78%)
  7. United Kingdom (2.75%)
  8. United States (2.59%)
  9. Azerbaijan (1.43%)
  10. Estonia (1.10%)
  11. Indonesia (1.32%)
  12. Ireland (1.08%)
  13. Netherlands (0.97%)
  14. Kazakhstan (0.70%)
  15. Other (5.24%)

See also

References