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Latvian chemical products manufacturer SIA “CrossChem” generated EUR 9.53 million in revenue during the first nine months of 2026 (down 28.2% y-o-y). Although revenue was affected by pricing fluctuations in the raw materials market, overall sales volumes and the number of customers remained stable. The Company maintained consistently strong profitability, demonstrating its resilience in changing market conditions.
24.10.2026.
During the reporting period, CrossChem entered into new cooperation agreements with several retail chains in Latvia and increased sales volumes to industrial customers. At the same time, the Company established new significant partnerships with raw material suppliers in Europe and expanded its distribution channels, creating opportunities for further sales growth.
As part of its long-term development strategy, CrossChem is expanding its product portfolio by introducing a new production line. In the coming weeks, the Company will commence production of high-quality 4 litre and 10 litre PET containers using recycled raw materials. The new products will be used for packaging CrossChem’s own products and will also be customised to meet the individual needs and technical requirements of other companies. The containers are intended for both the Latvian market and export markets. Total investment for this project was more than EUR 0.6m.
Taking into account the impact of raw material market fluctuations on revenue, CrossChem is reducing its 2026 revenue guidance to EUR 20-25m (previously EUR 25-30m), while EBITDA margins of 6-7% are retained. The Company continues to focus on increasing sales volumes, attracting new customers and expanding its presence in export markets.
CrossChem – 100% Latvian company, which is part of CrossChem International – the world’s largest, independent network of AdBlue® manufacturers. The Company’s business is based on the production and distribution of sustainable and environmentally friendly chemical products, as well as the provision of services related to the circulation and storage of chemical goods.
