The energy commodities trader and convenience store network Virši (AS VIRŠI-A, the Company and its affiliated group companies) achieved a turnover of EUR 380.6 million in 2024, reflecting an 11% increase compared to 2023. The Company's audited consolidated profit for 2024 reached EUR 4.7 million, while EBITDA stood at EUR 13.7 million. To strengthen its market position and ensure long-term growth, investments in strategically significant projects rose to EUR 21.2 million in 2024.
In 2024, Virši successfully continued implementing its development strategy, which focuses on expanding and modernising the service station network while ensuring consistently high-quality products and services for its customers.
Convenience store sales in 2024 accounted for 49.8% of gross profit, totalling EUR 20.5 million, which represents an increase of EUR 3.4 million (20.0%) compared to 2023. This growth was driven by an increase in turnover and profitability, a high-quality and diverse product assortment and diversification of sales channels. The second-largest business segment-fuel product sales-generated EUR 19.7 million in gross profit, exceeding the 2023 results by EUR 2.9 million (17.1%). Despite intense competition and market price fluctuations, Virši continued to expand its market share, further developing its service station network, strengthening brand recognition and enhancing customer loyalty. The third business segment-energy-achieved EUR 0.6 million in gross profit in 2024. This segment continued to serve and expand its business customer portfolio, while also developing its consumer portfolio, initiated at the end of 2023. Additionally, the Company continued to increase both the volume of electricity sold to consumers and purchased from producers.
The complete audited consolidated financial statements of AS VIRŠI-A Group for the year 2024 are attached and available at www.virsi.lv.
The shares of AS VIRŠI-A are admitted to trading on Nasdaq Baltic First North Market.
The certified adviser for AS VIRŠI-A is the Law Office Eversheds Sutherland Bitāns.
Virši is a rapidly growing local energy commodities trader and convenience store network with 30 years of experience. Currently, Virši has 85 sales points, 82 of which are service stations, and employs more than 900 people across Latvia. Since 11 November 2021, the shares of AS VIRŠI-A have been listed on the Nasdaq Riga First North Alternative Market.
Contact information:
AS VIRŠI-A
Undīne Priekule
E-mail: undine.priekule@virsi.lv
Telephone: +371 26141219
Certified adviser:
ZAB Eversheds Sutherland Bitāns SIA
Justīne Ignatavičute
E-mail: justine.ignatavicute@eversheds-sutherland.lv
Telephone: +371 28665066