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Lido: last year was the most successful in thehistoryofthecompany

Lido: прошлый год был самым успешным в истории компании

The fast food restaurant chain Lido Lido ended the last financial year (from 1 May 2023 to 30 April 2024 year) with record turnover, Lursoft reports.Compared with the previous year, the company’s turnover increased by 14.88% and reached 59,715 million euros. The company’s profit after paying taxes increased by 120.86%, to 3.03 million
euros. In its report the company recognizes that the last financial year was the most successful in the history of the company. Growth in turnover was recorded in the public food segment (up by 16%), and in the wholesale food segment (+15%). Lido achieved a new record in both turnover and profit in
2023/2024 year. At the end of the end of April last year AS Lido managed 13 restaurants, three retail stores in Riga, and also produces meat and other food products. According to Lursoft data, in 2023/2024 the year the
enterprise employed 1005 people. 75% of Lido capital is owned by Estonian company OU Treeland, almost 25% by K.E. Projekti (by
100% owned by founder of the company Gunar Kearsons). The beneficiary of AS Lido is the large Estonian

entrepreneurMargusLinnamäe,who owns25companiesinLatvia.

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