Results 2020

During 2020, MV GROUP increased its sales revenue (excluding excise) by 11%. This was achieved through consistent and efficient work expanding the product portfolio in home markets and rapidly growing exports in external markets.

The group’s sales revenue from export markets grew by almost 30%. Last year, the positions in the markets where “MV GROUP” companies operate were also strengthened. For example, in Latvia, the sales figures excluding excise duty grew by almost 80%, and in Estonia – by 20%.

in 2020, the companies united by “MV GROUP” contributed EUR 307 million to the budgets of the countries where they operate in the form of taxes – 24 % more compared to the previous year. The amount of taxes paid to the Lithuanian state budget alone amounted to EUR 220 million.