What Balticovo does

Balticovo (A/S Balticovo) is the largest egg and egg product producer in Northern Europe, headquartered in Iecava, Latvia, and founded in 1972 as a state-owned poultry farm before being privatized to Latvian entrepreneurs in 1994. The company operates a fully vertically integrated production chain spanning grain procurement (elevators at Bēne, Iecava, and Madona with a 60 t/h Iecava elevator being expanded to 360 t/h), in-house feed milling producing 100,000 tons of poultry feed annually, layer hen housing across multiple facilities (Iecava, Bēne, Madona, Daugavpils via subsidiary Daugavpils putni, Jelgava) housing 3.1 million poultry, and downstream processing for liquid, boiled, and dried egg products, supported by an ISO 17025-accredited in-house laboratory. Daily output is approximately 2 million eggs, yielding more than 1 billion eggs per year, with the company targeting full cage-free conversion by 2030 (48% achieved by end of 2025).

The product portfolio covers all four EU egg categories (organic code 0, free-range code 1, barn code 2, cage-free code 3) sold under multiple brands (EVA, ZEMNIEKU, BALTICOVO, MADONAS, LATVIJAS, BIO, LIELĀS BROKASTU), liquid and frozen egg products in retail and bulk formats, hard-boiled eggs in brine and protective atmosphere, Premium and T-30 grade egg powders, egg pasta (seven formats) made with free-range eggs and durum wheat, and what is described as the first egg-based ice cream in the Baltics (Plombir line including a stick variant).

Balticovo sells through three concurrent channels: domestic retail across all major Latvian chains (Rimi, Maxima, Lidl, Elvi, Stockmann, Mego, Citro, Lači, others), B2B wholesale/private label for trade networks, HoReCa (e.g., Lido), and food manufacturers (e.g., Fazer, Orkla Latvija), and export sales representing approximately 70% of production across 20+ countries spanning the Baltics, Scandinavia, Central/Western/Eastern Europe, Africa, and the Middle East. FY2025 turnover reached 161.5 million EUR, driven by export growth, cage-free housing investment, and efficiency improvements; the company employs approximately 330 staff and recently opened a 120 million EUR egg production complex in 2026.

Name

Balticovo

Legal name

A/S Balticovo

Website

https://balticovo.lv

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

251–500 employees

Short description

Balticovo is the largest egg and egg product producer in Northern Europe, vertically integrated from grain procurement through feed milling, layer hen housing, and processing into fresh eggs, liquid/boiled/dried egg products, egg pasta, and egg-based ice cream, serving Latvian retail, B2B/wholesale, and exports to 20+ countries.

Ownership category

akta.pro rank

Product category

Egg Products Manufacturing

NAICS

Chicken Egg Production (11231), Poultry and Egg Production (1123), Cookie, Cracker, and Pasta Manufacturing (31182)

SIC

Food And Kindred Products (2000), Agricultural Prod-Livestock & Animal Specialties (200)

akta.pro primary industry

Layer Hen Egg Production (Table Eggs) (AFAEADAB)

akta.pro secondary industries

Liquid egg processing (pasteurized whole/yolk/white) (AFANAHAB), Frozen egg processing (whole/yolk/white; blocks/blends) (AFANAHAC), Dried egg processing (spray-dried whole/yolk/white; powders) (AFANAHAD), Pasta Manufacturing (dry, fresh, filled) (AFAKABAB), Eggs & Egg Products (Shell, Liquid, Value-Added) (CRADACAJ)

Keywords

• Fresh egg production
• Egg product manufacturing
• Poultry feed milling
• Cage-free eggs
• Egg pasta

Headquarters

HQ city

Bauska

HQ country

Latvia

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Egg Sales (Fresh Eggs): Balticovo produces and sells fresh eggs in various categories: cage-free (code 3), barn (code 2), free-range (code 1), and organic/bio (code 0). Products sold in retail packaging of 6, 10, 12, 18, and 30 eggs under brands including EVA, ZEMNIEKU, BALTICOVO, MADONAS, LATVIJAS, and BIO. Distributed through retail stores across Latvia.
2. Egg Products (Liquid, Boiled, Dried): Processed egg products including liquid egg white, liquid egg yolk, liquid egg mix (melange), boiled eggs in marinade, boiled eggs in protective atmosphere, and dried egg powder (Premium and T-30 grades). Sold in wholesale quantities (1kg, 5kg, 10kg, 1 ton) and through private label arrangements.
3. Egg Pasta: Balticovo produces egg pasta varieties including Cellentani, Fusilli, Vermicelli, Spaghetti, Chifferi, Gnocchi, and Rigatoni, made from free-range eggs and durum wheat flour. Sold through retail channels.
4. Egg-Based Ice Cream: First ice cream in the Baltics made with egg white and egg melange. Products include Classic Plombir, Chocolate Plombir, and Ice Cream on a Stick. Distributed through retail.
5. Wholesale and Private Label: Balticovo supplies eggs and egg products to trade networks, HoReCa sector, food manufacturing companies, and offers private label solutions for egg and egg products.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Balticovo produces and sells fresh eggs (cage-free, barn, free-range, organic), processed egg products (liquid egg, boiled eggs, dried egg powder), egg-based ice cream (Plombir), and egg pasta. The company operates fully vertically integrated production from its own grain elevators and feed mill through laying hen housing to packaging and processing lines, serving retail consumers, retail chains, HoReCa, and food manufacturers across more than 20 countries.

Product overview

Balticovo is a diversified food manufacturing company offering a portfolio of egg products, ice cream, and egg pasta. The core product lines include: (1) Fresh eggs in various categories - free-range (EVA), barn (ZEMNIEKU), organic (BIO), XL size, and family packs; (2) Egg products including liquid whole egg, egg white, egg yolk (with/without preservatives), frozen egg products, hard-boiled eggs in brine or protective atmosphere, and egg powder; (3) First in the Baltics - egg-based ice cream (Plombir) including chocolate variant and stick format introduced in 2022; (4) Egg pasta products (Cellentani, Fusilli, Vermicelli, Spaghetti, Chifferi, Gnocchi, Rigatoni) made with free-range eggs and durum wheat. Supporting operations include private label solutions for retail partners, grain procurement from local farmers, and Balticovo Feeds producing poultry feed. The company operates wholesale channels alongside retail products.

Differentiator

Problem solved

Functional benefit

Products and services

• Fresh Eggs (EVA, ZEMNIEKU, LIELĀS BROKASTU, LATVIJAS, MADONAS, BIO, BALTICOVO, Family Pack) Retail fresh chicken eggs marketed under multiple sub-brands (EVA, ZEMNIEKU, LIELĀS BROKASTU, LATVIJAS, MADONAS, BIO, BALTICOVO) and pack sizes (6, 10, 12, 18, 30 eggs). Includes all four EU production categories: organic (code 0), free-range (code 1), barn (code 2), and cage-free (code 3). Sold through retail chains in Latvia for household consumption.
• Liquid and Frozen Egg Products Industrial liquid and frozen egg products for food manufacturers, HoReCa, and wholesale customers: liquid egg mass, liquid egg white, liquid egg yolk (with or without preservatives), and frozen equivalents. Packaged in 1kg, 5kg, 10kg, and 1-ton bulk formats.
• Hard-Boiled Eggs Pre-cooked peeled eggs available in brine/marinade (205-egg and 73-egg packs) and in protective atmosphere (228-egg packs). Marketed to food service operators, caterers, and food manufacturers for ready-to-use applications.
• Dried Egg Powder High-quality dried egg powder sold under Premium grade and T-30 grade in 15kg packaging. Also available in a variant for animal feed production. Sold to wholesale and industrial customers.
• Plombir Egg-Based Ice Cream Egg-based ice cream products marketed as the first ice cream in the Baltics made with egg white and egg melange. Includes Classic Plombir (100g, 250g, 450g), Chocolate Plombir (450g), and Plombir on a Stick (65g classic, 70g with roasted peanut coating). Sold through retail.
• Egg Pasta Egg pasta made from free-range eggs and durum wheat flour, sold in 500g retail packs. Range includes Cellentani, Fusilli, Vermicelli, Spaghetti, Chifferi, Gnocchi, and Rigatoni.
• Private Label Eggs and Egg Products Custom private label manufacturing for retail chains and trade networks, allowing partners to sell Balticovo-produced fresh eggs and processed egg products under their own brands.

Quantifiable outcome

• 161.5 million EUR turnover achieved in 2025 fiscal year
• +4 more outcomes

Named customers14 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• LIAA (Latvijas Investīciju un attīstības aģentūra / Investment and Development Agency of Latvia)coreGTM or Marketing Partner · 30 May 2015Balticovo received LIAA support for participation in international food exhibitions including SIAL China and PLMA Private Label Show in Amsterdam in May 2015, with co-financing from the European Regional Development Fund (contract No. L-ĀTA-15-3513). This partnership has helped find new potential cooperation partners in Europe and beyond.

Scale indicators9 records

Recent moves8 records

Expansion highlights3 records

Direct peers

• Act Group: Italian producer of fresh, liquid, and dried egg products serving EU retail and food manufacturing customers. Comparable product portfolio and target segments to Balticovo, with a stronger Mediterranean retail presence.
• Verschoor: Dutch egg breaking and processing company supplying liquid, frozen, and pasteurized egg products across Europe. Closely comparable to Balticovo on the egg processing (liquid/dried) product line and competes for EU B2B food manufacturer contracts.
• Wipasz: Polish poultry and feed producer with integrated operations across broiler and layer hen farming plus feed milling. Comparable to Balticovo's vertically integrated model (feed + poultry) and operates in adjacent Central European geography.
• Eurovo Group: Italian family-owned group and one of Europe's largest egg product producers, operating across shell eggs, liquid and powdered egg products, and ovo-products. Most direct EU competitor to Balticovo given similar vertical integration and value-added processing focus.
• Cal-Maine Foods: The largest shell egg producer in the United States, with vertically integrated operations producing fresh eggs, liquid eggs, and dried egg products. Directly comparable to Balticovo in business model (vertically integrated egg producer with value-added processing) though larger scale and publicly listed.
• Interovo Egg Group: Dutch/German egg producer with operations spanning layer hen farming, packaging, and egg product processing. Directly comparable to Balticovo in EU cage-to-customer egg production, with a stronger Benelux/Germany retail footprint.
• Ovotherm International: Austrian-headquartered processor of liquid, frozen, and dried egg products sold globally to food manufacturers, bakeries, and HoReCa. Closely comparable on the egg-processing product side and competes with Balticovo in EU B2B channels.

Broad incumbents

• Avril Group: Major French agro-industrial group with egg product activities (via subsidiaries like Matines/Triballat) within a much broader portfolio spanning oils, animal nutrition, and plant-based ingredients. Overlaps with Balticovo on egg products but is a much larger diversified incumbent.

Regional players

• Eiprodukty: Czech Republic-based egg producer with liquid egg processing and a vertically integrated model. Comparable to Balticovo in product mix but focused on Czech and Central European markets rather than the Baltic/Nordic geography.

Others

• Moba: Dutch global leader in egg grading, packing, and processing equipment. Comparable only as an ecosystem enabler — Moba supplies the machinery that Balticovo and most other egg producers rely on for grading and breaking operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/balticovo
• LinkedInlinkedin.com/company/balticovo
• Instagraminstagram.com/balticovo
• Xx.com/balticovolv

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries2 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 Balticovo