Lithuanian spirits company, Stumbras, posted an unaudited net profit of LL16.067m (€4.66m) for 2002, up 2.7% from 2001, on sales 5.4% higher at LL101.51m.

Algimantas Dziugas, technical director of Stumbras, said the company viewed 2002 as a successful year in spite of the impact of increased competition.

Spirits volumes fell by 4.8% to 13.46m litres in 2002. Lithuania’s State Property Fund holds a 91.95% stake in Stumbras but the company is scheduled to be privatised by July 2003.

Just Drinks Excellence Awards - Nominations Closed

Nominations are now closed for the Just Drinks Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
De Kuyper Royal Distillers’ De Kuyper Batched 0.0% range has won both Innovation and Product Launches honours in the 2025 Just Drinks Excellence Awards. Learn how these premium, non-alcoholic RTD cocktails help operators serve consistent, bar-quality drinks while tapping fast-growing demand for sophisticated alcohol-free options.

Discover the Impact