Akola Invests In Poultry Production

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Baltic agrifood institution Akola Group is allocating €13m ($15.2m) to upgrade its poultry operations successful Lithuania and Latvia.  

Akola’s poultry business comprises Vilniaus Paukštynas and Kaišiadorių Paukštynas successful Lithuania and Kekava Foods successful Latvia.

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The Lithuania-headquartered group is investing €43m ($50.4m) crossed nan wider business successful nan 2025-2026 financial year.

In a statement, Akola said nan finance will attraction connected “production modernisation, description of incubation capacity, strengthening biosecurity, and biology and power ratio solutions”. 

During nan 2024–2025 financial year, Vilnius, Lithuania-based Akola’s poultry operations successful Lithuania and Latvia generated €325m successful sales, producing a gross profit of €69m. 

Akola said its poultry accumulation volumes were “stable” successful nan first 4th of nan 2025–26 financial year, which ended connected 30 September.  

Mažvydas Šileika, deputy CEO for finance and investments astatine Akola Group, added: “The results of nan poultry conception and increasing request proceed to support nan maturation of our business.” 

Šileika added: “In addition, pinch nan expanding wave of avian illness outbreaks successful Europe successful caller years, strengthening biosecurity is becoming a basal preventive measurement to thief protect accumulation processes and guarantee nan uninterrupted functioning of nan proviso chain.” 

Akola will implement nan “largest projects” at Vilniaus Paukštynas, where activity connected upgrading accumulation processes has already begun, nan group said. 

The site’s caller nutrient works will beryllium fitted pinch “AI-based” star mentation exertion to bolster value of production. Investment astatine nan Lithuania location will besides beryllium utilized to renovate an incubation installation to “ensure much accordant hatching process” and let for “production of up to 45 cardinal day-old chicks”.

According to Šileika, €9m is being invested successful Lithuania alone, going towards “modernisation, capacity description and biology protection projects”.

The poultry business sits wrong Akola’s nutrient accumulation division. This conception besides includes nan manufacturing of flour and breadstuff mixes, and ready-to-eat products.

For nan first 4th of nan 2025/2026 financial twelvemonth play ended 30 September, Akola’s consolidated gross amounted to €393.9m, a year-on-year summation of 2.6%.

Total income volumes roseate 7.4% to 791,415 tons. Operating profit surged 43%, to €26.8m, while nett profit slumped 53.4% to €19.5m.  

The group’s food production conception generated €123m in gross successful nan quarter, 15% much than nan aforesaid play successful 2024.  

Akola besides operates successful pet nutrient and dairy done its farming and “other products and services” business divisions.

The farming conception reported €12m successful revenue, gross profit of €1.5m and an operating nonaccomplishment of €26,000.  

Akola said its dairy operations remained “stable” successful nan quarter.  

In pet food, accumulation accrued by 4%, offsetting a 24% driblet successful resold extruded products.