What Pieno Zvaigzdes does

AB Pieno Žvaigždės is a publicly listed Lithuanian dairy processing company (Nasdaq Vilnius: PZV1L) that manufactures and distributes a broad portfolio of dairy products under 17+ sub-brands including Dvaro, Nykštukas, Pasaka, Graikiška Amfora, Bios, and Mū. The company operates four specialized production facilities in Kaunas, Pasvalys, Mažeikiai, and Panevėžys, each focused on different dairy categories (general dairy, cheese, milk processing), and maintains GFSI-recognized certifications (BRCGS, IFS Food, FSSC 22000, ISO 9001) plus EU Organic, Halal, and Kosher certifications. Core production technologies include UHT processing, proprietary in-house kefir culture cultivation (30+ years), Greek-style yogurt production, the unique Lithuanian Grūdėta Varškė grainy curd process, and Italian-style gelato manufacturing.

The company generates revenue through direct-to-consumer and business-to-business channels, combining its own distribution network (transport and warehouses serving Lithuanian retail) with exports to more than 40 countries across 5 continents. Q1 2026 sales revenue was EUR 52.1 million (down 0.5% year-over-year), with EBITDA of EUR 4.7 million (more than double the prior year period) and profit before tax of EUR 3.1 million. Customer segments span general consumers, families with children, lactose-intolerant consumers, health-conscious and organic buyers, and the HoReCa sector. The company also operates dedicated sub-brands for ice cream (Nykštukas, Pasaka Gelato), children (Miau), cold coffee beverages (Jo), and breakfast porridges (Rytas), and holds a 0.5% YoY revenue decline alongside sharp margin expansion as of Q1 2026. The company recently integrated with the VILVI Group (January 2026) and completed a governance refresh at its April 2026 AGM, paying a EUR 0.14 per share dividend for 2025.

Name

Pieno Zvaigzdes

Legal name

AB "Pieno žvaigždės"

Website

https://pienozvaigzdes.lt

Company type

Public

Founded year

1998

Operating status

Operating

Headcount range

501–1,000 employees

Short description

AB Pieno Žvaigždės is a publicly listed Lithuanian dairy processor operating four specialized production facilities, manufacturing branded dairy products across 17+ sub-brands for domestic retail and export to 40+ countries.

Ownership category

akta.pro rank

Product category

Dairy Products

NAICS

Dairy Product Manufacturing (3115), Dairy Product (except Frozen) Manufacturing (31151), Ice Cream and Frozen Dessert Manufacturing (31152), Cheese Manufacturing (311513), Creamery Butter Manufacturing (311512), Food Manufacturing (311)

SIC

Dairy Products (2020), Ice Cream & Frozen Desserts (2024)

akta.pro primary industry

Yogurt & Cultured Dairy Products Manufacturing (Kefir, Sour Cream, Labneh) (AFAKAKAC)

akta.pro secondary industries

Drinkable Yogurt & Kefir Manufacturing (AFAHADAC), Greek/Strained Yogurt & High-Protein Cultured Dairy Manufacturing (AFAHADAB), Dairy Spreads, Dips & Cream Cheese Manufacturing (AFAKAKAL), Lactose-Free & Reduced-Lactose Fluid Milk Processing (AFAHAAAE), Yogurt & Cultured Dairy (Yogurt, Kefir, Sour Cream, Cottage Cheese) (CRADACAB), Butter, Cream & Dairy Fats (CRADACAD)

Keywords

• Dairy processing
• Dairy products
• Milk manufacturing
• Cheese production
• Ice cream production

Headquarters

HQ city

Vilnius

HQ country

Lithuania

HQ region

Europe

Offices5 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Dairy Product Manufacturing and Sales: Pieno žvaigždės generates revenue through manufacturing and selling a wide range of dairy products including milk, yogurt, kefir, cheese, butter, cream, curd, cottage cheese, ice cream, and specialized dairy products. The company reported Q1 2026 sales revenue of EUR 52.1 million.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

AB Pieno žvaigždės is a Lithuanian dairy processing company that manufactures and sells a wide range of dairy products including milk, yogurt, kefir, cheese, butter, cream, curd, cottage cheese, ice cream, and specialized dairy items. The company operates four specialized production facilities across Lithuania and markets its products under more than 17 brands targeting general consumers, children, health-conscious buyers, lactose-intolerant consumers, and HoReCa customers.

Product overview

AB Pieno žvaigždės is a dairy processing company offering a diversified portfolio of branded dairy products. The company operates as a multi-brand platform with multiple sub-brands covering distinct product categories and target segments. The core brands include: Dvaro (traditional dairy staples including milk, kefir, sour cream, butter, cottage cheese, fermented cheese, and fermented milk drinks); Nykštukas (ice creams including sticks, waffle cones, family packs, and rageliai); Pasaka and Pasaka Gelato (premium yogurts, curd sweets, and gelato-style ice creams); Graikiška Amfora (Greek-style yogurts, kefir drinks, and protein-rich products); Bios (organic yogurts and sour cream); Gamtos (traditional fermented products including ryazhenka, kefir, whey yogurt, and fermented whey); and Mū (UHT milk, sour cream, and whipping cream). The company also operates specialized brands targeting children (Miau), cold coffee beverages (Jo), yogurt drinks (Smilgelė), traditional yogurts (Smilga), breakfast porridges (Rytas), cheese products (Svalia, Grūdėta varškė), butter (Smetoniškas), and melted cream spreads (Panemunės pievos). The portfolio includes specialized product lines for lactose-free, high-protein, no-added-sugar, and organic dietary preferences.

Differentiator

Problem solved

Functional benefit

Products and services

• Dvaro (Traditional Dairy Brand) Traditional Lithuanian dairy staples (milk, kefir, sour cream, butter, cottage cheese, fermented cheese, fermented milk drinks) for general household consumers across all age groups.
• Nykštūkas (Ice Cream Brand) Iconic Lithuanian ice cream brand offering sticks, waffle cones, family packs, and rageliai (curd bars) for children, families, and general consumers.
• Pasaka (Yogurt and Curd Sweets Brand) Premium yogurts, curd sweets, and dairy desserts for general consumers seeking higher-end yogurt and dessert products.
• Pasaka Gelato (Italian-Style Gelato Brand) Italian-style gelato ice cream produced with slower mixing and cooling and less air incorporation, yielding richer taste and creamier, slower-melting texture for premium consumers.
• Grūdėta Varškė (Grainy Curd) Unique Lithuanian grainy curd with small curd grains coated in sweet cream and a pinch of salt — the only product of its kind produced in Lithuania, sold to general consumers.
• Graikiška Amfora (Greek-Style Yogurt Brand) Greek-style yogurts, kefir drinks, and high-protein dairy products using a special production technology that uses three times more milk for a smooth, creamy texture; targeted at health-conscious and high-protein consumers.
• Bios (Organic Yogurt and Sour Cream Brand) Organic yogurts and sour cream made from milk of cows raised in ecological farms without GMOs, hormones, or pesticides; EU Organic certified, targeted at health- and eco-conscious consumers.
• Miau (Children's Dairy Brand) Specialized children's dairy line including flavored milks and dairy drinks formulated for children and school-age kids, targeted at families.
• Gamtos (Traditional Fermented Dairy Brand) Traditional Lithuanian fermented dairy products including ryazhenka, kefir, whey yogurt, and fermented whey, targeted at consumers seeking authentic traditional flavors.
• Jo (Cold Coffee Dairy Beverages) Cold coffee dairy beverages combining coffee with milk and dairy ingredients, targeted at adult consumers seeking ready-to-drink coffee options.
• Smilga (Traditional Yogurts) Traditional Lithuanian yogurts positioned as everyday staple yogurts for general consumer use.
• Rytas (Breakfast Porridges) Dairy-based breakfast porridges (košės) for morning consumption, targeted at families and busy consumers.
• Mū (UHT Milk, Sour Cream, Whipping Cream) UHT-processed milk, sour cream, and whipping cream with extended shelf life at room temperature in unopened packaging, targeted at consumers and food service.
• Smilgelė (Yogurt Drinks) Drinkable yogurt beverages positioned for on-the-go consumption, targeted at general consumers and active lifestyles.
• Svalia (Cheese Products) Cheese products produced at the Pasvalio sūrinė branch facility, including traditional Lithuanian cheese varieties for general consumers.
• Smetoniškas (Butter Brand) Traditional Lithuanian butter brand, positioned as a heritage dairy staple for general consumers.
• Panemunės Pievos (Melted Cream Spreads) Melted cream butter spreads positioned as an alternative to traditional butter for bread and cooking use.
• HoReCa Ice Cream (Foodservice Line) Dedicated HoReCa (hotels, restaurants, cafes) ice cream line sold in commercial food-service packaging for milkshakes and desserts.

Quantifiable outcome

• 30% stricter safety standards than legally required
• +1 more outcomes

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• Marijampolės pieno konservai UABcoreStrategic or Co-development Partner · 16 January 2026Marijampolės pieno konservai UAB joined the VILVI Group (associated with Pieno žvaigždės) on 16 January 2026, expanding the group's composition. This strategic acquisition strengthens the company's position in the dairy processing sector.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Regional players

• Müller: German family-owned dairy company focused on yogurt, dairy desserts, and lactose-free products. Comparable product mix including lactose-free and flavored dairy desserts, and competes with Pieno Žvaigždės for European retail customers and premium positioning.
• Hochwald: German dairy cooperative specializing in condensed milk, milk powders, and dairy ingredients with global B2B reach. Comparable European dairy base with broad export footprint to 100+ countries, illustrating the scale-up path Pieno Žvaigždės could pursue in ingredient and B2B dairy exports.
• Emmi: Swiss dairy processor with strong specialty and premium positioning across Europe. Comparable in scale and product mix (yogurt, cheese, ice cream, specialty dairy), and competes for similar export and HoReCa channels outside its domestic Swiss market.

Broad incumbents

• Valio: Finnish dairy cooperative with broad portfolio across milk, yogurt, cheese, and ingredient powders. Operates in overlapping Nordic-Baltic geography and competes for the same export and modern-trade channels, while being substantially larger and more diversified.
• Glanbia: Global nutrition and dairy group with ingredients, cheese, and consumer products divisions. Comparable in combining branded dairy consumer products (yogurt, protein) with ingredient and B2B exposure, providing a benchmark for vertical and geographic diversification beyond a single home market.
• Lactalis: French privately held global dairy giant with leading positions in cheese, butter, and fluid milk across Europe. Significant competitor in EU dairy retail and a benchmark for export-driven dairy growth strategies comparable to Pieno Žvaigždės' multi-country model.
• Danone: Global dairy and plant-based foods major with strong yogurt and fermented dairy portfolio. Overlaps directly with Pieno Žvaigždės' yogurt, kefir, and probiotic dairy offerings and competes for premium European and international retail shelf space.
• FrieslandCampina: Dutch dairy cooperative with extensive European and global footprint in milk, yogurt, cheese, and ingredients. Comparable diversified product portfolio and export-led business model, but at significantly greater scale and with broader geographic reach.
• Arla Foods: Danish-Swedish dairy cooperative and one of the largest dairy producers globally. Competes with Pieno Žvaigždės in EU retail channels and on export markets, with a broad portfolio spanning milk, yogurt, cheese, butter, and infant nutrition.

Direct peers

• Rokiškio sūris: Another major Lithuanian publicly listed dairy processor with cheese and broader dairy exposure, headquartered near Panevėžys. Direct competitor in the Baltic dairy market, overlapping in cheese, curd, and milk categories, and similarly exposed to export and raw milk dynamics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pieno Zvaigzdes