Baltic agrifood company Akola Group is allocating €13m ($15.2m) to upgrade its poultry operations in Lithuania and Latvia.
Akola’s poultry business comprises Vilniaus Paukštynas and Kaišiadorių Paukštynas in Lithuania and Kekava Foods in Latvia.
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The Lithuania-headquartered group is investing €43m ($50.4m) across the wider business in the 2025-2026 financial year.
In a statement, Akola said the investment will focus on “production modernisation, expansion of incubation capacity, strengthening biosecurity, and environmental and energy efficiency solutions”.
During the 2024–2025 financial year, Vilnius, Lithuania-based Akola’s poultry operations in Lithuania and Latvia generated €325m in sales, producing a gross profit of €69m.
Akola said its poultry production volumes were “stable” in the first quarter of the 2025–26 financial year, which ended on 30 September.
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By GlobalDataMažvydas Šileika, deputy CEO for finance and investments at Akola Group, added: “The results of the poultry segment and growing demand continue to support the growth of our business.”
Šileika added: “In addition, with the increasing frequency of avian disease outbreaks in Europe in recent years, strengthening biosecurity is becoming a necessary preventive measure to help protect production processes and ensure the uninterrupted functioning of the supply chain.”
Akola will implement the “largest projects” at Vilniaus Paukštynas, where work on upgrading production processes has already begun, the group said.
The site’s fresh meat plant will be fitted with “AI-based” carcass preparation technology to bolster quality of production. Investment at the Lithuania location will also be used to renovate an incubation facility to “ensure more consistent hatching process” and allow for “production of up to 45 million day-old chicks”.
According to Šileika, €9m is being invested in Lithuania alone, going towards “modernisation, capacity expansion and environmental protection projects”.
The poultry business sits within Akola’s food production division. This segment also includes the manufacturing of flour and bread mixes, and ready-to-eat products.
For the first quarter of the 2025/2026 financial year period ended 30 September, Akola’s consolidated revenue amounted to €393.9m, a year-on-year increase of 2.6%.
Total sales volumes rose 7.4% to 791,415 tons. Operating profit surged 43%, to €26.8m, while net profit slumped 53.4% to €19.5m.
The group’s food production segment generated €123m in revenue in the quarter, 15% more than the same period in 2024.
Akola also operates in pet food and dairy through its farming and “other products and services” business divisions.
The farming segment reported €12m in revenue, gross profit of €1.5m and an operating loss of €26,000.
Akola said its dairy operations remained “stable” in the quarter.
In pet food, production increased by 4%, offsetting a 24% drop in resold extruded products.
