CleanR Grupa, which comprises Latvia’s leading environmental services companies, has closed the first quarter of 2025 with positive financial indicators, surpassing the company’s performance in the same period last year. In the first three months of 2025, the group’s turnover grew by 19%, reaching EUR 33.5 million, the group reported in its Q1 2025 statement.
The CleanR Grupa earnings before interest, taxes, depreciation, and amortisation (EBITDA) in the first quarter of 2025 grew by EUR 1.5 million, reaching EUR 7.5 million, compared to the same period in 2024, when it had reached EUR 6.0 million. At the same time, the gross profit margin for this year’s first quarter amounted to 21%.
“In the first three months of the year, CleanR Grupa continued to strengthen its position in the environmental services and waste management sector, paying special attention to infrastructural improvements. At the beginning of the year, we opened new separately-collected waste collection sites, facilitating more efficient waste sorting and reuse of resources. Also, the group carried out public awareness-raising projects which foster sustainable development and put the principles of the circular economy into practice, as well as strengthened its role in urban maintenance and extended producer responsibility development,” tells Juris Gulbis, the CleanR Grupa Chairman of the Board.
To diversify and expand its range of environmental services offered in the regions, the group’s waste management company CleanR acquired 10% of the Ķilupe shares in February this year. The deal was continued in May, when CleanR acquired another 31,25% of the company’s stock. Thus, CleanR is a minority shareholder. Ķilupe specializes in various kinds of environmental services, including the management and sorting of municipal waste and building refuse in Ogre and Aizkraukle municipality, as well as the Riga and Pierīga area. The deal contributes to CleanR’s strategic aim to strengthen its regional presence and expand the range of environmental services offered in the regions while ensuring access to high-quality and sustainable services.
In the street and road maintenance sector, last year, the group company Vizii Urban acquired 49% of the Tranzīts L shares, fostering the company’s regional development and competence transfer to provide services in different parts of the country. In the reporting period, Vizii Urban announced its intention to acquire another 2% of the company’s shares, thus becoming a majority shareholder. In line with the provisions of the Competition Law, upon initiating the acquisition of the 2% of the Tranzīts L shares, Vizii Urban submitted the deal for approval with the Competition Council.
Waste management
In the waste management sector, the year began with the introduction of mandatory separate collection of hazardous municipal waste—an important step in the country’s long-term strategy to decrease the amount of landfilled waste and foster environmental sustainability. CleanR’s aim is to ensure the necessary infrastructure by opening new separately-collected waste collection sites and organising awareness-raising campaigns to make waste sorting convenient and a well-established habit among the Latvian people.
At the beginning of this year, CleanR opened the most modern separately-collected waste collection site in Latvia—in 5b Vietalvas Street, Riga. This is the first site with such equipment and automation level, ensuring convenient and efficient waste sorting process both for private persons and businesses. The site accepts around 30 different types of separately-collected waste, facilitating sorting and encourage environment-friendly habits among the public. At the same time, the CleanR subsidiary company Vides pakalpojumu grupa opened a new separately-collected waste collection site in 2 Ulmales Street, Liepāja in the reporting period. This site, which occupies an area of 900 square meters, offers the residents a chance to conveniently dispose of different types of waste.
To encourage sorting of glass packaging in Latvia, in January, CleanR launched an informative campaign called “Šķiro stiklu (Sort glass)”. The aim of the initiative is to increase the amount of sorted glass packaging waste and call on the inhabitants to more actively apply for free-of-charge waste containers at their address. Even though separate collection of glass waste has been practiced for more than 15 years in Latvia, the statistics shows that the results of this type of waste collection lag behind. At the beginning of this year, only 27% of the addresses in Riga managed by CleanR had been equipped with glass packaging waste containers.
Environmental services
The group also continues cementing its position in the urban services sector. In the first quarter of this year, the Vizii Urban subsidiary company KOM-AUTO won several tenders on road maintenance in the spring-summer season, and dust control on roads in Valmiera, Rēzekne, and Burtnieki municipality, as well as the administrative territories of Amata and Līgatne Association in Cēsis municipality, including roadworks on unpaved ways in the territory of Līgtane Association in Cēsis municipality.
As part of innovation development in the reporting period, the group company Vizii increased the number of its cleaning robots to 40 units. This machinery ensures high cleaning and hygiene standards by adapting to site-specific needs and improving service efficiency. Additionally, Vizii has expanded its range of clients, servicing 13 new outpatient clinics of Veselības centru apvienība, as well as 13 Drogas stores and MyFitness gyms.
Producer responsibility system
According to the new normative acts, as of 1 January 2025, the extended producer responsibility (EPR) system was expanded to include more of the items containing plastics. The system now includes such items as wet wipes, balloons, and fishing gear. The group company Zaļā josta, an extended producer responsibility system provider, already at the end of 2024 actively prepared for the introduction of the new EPR system, identifying and informing the affected companies about the changes. In the reporting period, the company started handling plastics-containing products, including wet wipes and balloons.
Corporate governance
In the first quarter of 2025, Guntars Kokorevičs, Chairman of the Council of CleanR Grupa, was repeatedly elected on the Employers’ Confederation of Latvia (LDDK) Council at the members’ meeting. Kokorevičs will serve on the LDDK Council for the next three years, engaging in the strengthening of the business environment and defending employers’ interests.
At same time, CleanR Grupa has received several awards which recognise its efforts in building a sustainable business environment and engaging in effective communication. CleanR Grupa came first in the Nasdaq Baltic Awards 2025 investor relations in the First North alternative market. Also, at Mi:t&Links, the Baltic communications awards, the group earned two awards for its environmental education project Šūna and the Circular Economy Index for Latvian Local Governments.
About CleanR Grupa
CleanR Grupa operates the leading companies in the environmental services sector in Latvia. CleanR Grupa includes SIA CleanR, a municipal waste management company, SIA CleanR Verso, an industrial and construction and demolition waste management company, CleanR Industry, a waste recycling company, SIA Zaļā josta, an extended producer responsibility system provider, SIA Vizii, a cleaning company, and SIA Vizii Urban, an urban services business.
The group companies service half a million Latvian people daily. The group offers highly digitized environmental services, provides high-quality customer care, and demonstrates leadership in the pursuit of sustainability and circularity. CleanR together with Zaļā josta have set up videspratiba.lv, an environmental education platform which provides practical and topical advice on proper waste sorting and a sustainable lifestyle. CleanR Grupa is a 100% Latvian capital company, whose Founder and Chairman of the Council is Guntars Kokorevičs.