Welcome to the world of A. Le Coq
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We are a substantial employer locally, and wherever possible we choose to work with local partners and subcontractors. We pay all taxes and fees in accordance with local legislation in every country in which we operate.
Our financial and social contribution is reflected in our operating environment through direct and indirect employment and tax payments. As such, we endeavour to choose local suppliers and subcontractors, thereby making our own contribution to the vitality of the local community and creating value for our stakeholders.
We comply with all local tax laws and regulations and pay all taxes and fees in accordance with local legislation.
Being local and having local partners
Wherever possible we choose local partners and locally sourced raw materials, and we are a substantial direct and indirect employer at the local level. It is important for us to work in close cooperation with the local community and to contribute to its vitality. The local nature of our operations also helps to minimise emissions as we can avoid the impact of imports on the climate and environment.
Positive financial development
The company’s positive financial development generates value for our stakeholders and the communities in which we operate. Olvi is a growing company which is committed to long-term development and which has a strong balance sheet and good profitability. We are also a stable payer of dividends.
For many years now A. Le Coq has been voted the most competitive food industry company in Estonia. We have also been successful in enterprise competitions run by the City of Tartu and other similar competitions.
The Olvi group has grown and posted positive results for almost 20 years in a row. This has enabled us to pay out dividends in a stable and regular way, including to A. Le Coq’s owners. In the last seven years the company has paid out close to 60 million euros in dividends.
The objective of risk management is to ensure the realisation of the company’s strategy and to secure its financial development and continuity of business. The task of risk management is to operate proactively and create operating conditions in which business risks are managed comprehensively and systematically in all group companies and at all levels of the organisation.