Anora Group is a producer of alcoholic beverages. The product portfolio consists of wine and spirits marketed under various brands. The largest operations are found in the Nordics and the Baltics, and the company's products are exported to retailers in Europe and North America. The company was created through a merger of Altia and Arcus in 2021 and has its headquarters in Helsinki.
Anora's Q2 earnings exceeded expectations, prompting us to increase our estimates. The guidance, which has been reiterated for the full year, now seems realistic, and the company is poised for a return to earnings growth
Anora's market development in Q2 was subdued. That said, the risk of cost inflation for the remainder of the year has eased somewhat, which has provided some support for our estimates.
