contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


anora-cognac-divestment-creates-clear-value

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analyst

Rauli Juva

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.

The Alcohol Act may change in a significant way. Perhaps this is a positive thing for Anora. “The manufacturer would not necessarily have to distill the alcohol for the drinks themselves in all cases, as long as a characteristic part of the production for the drink takes place at the production site from which the spirits are sold.” Apparently, a small distillery would not be required to distill the ethanol themselves.                   Yle Uutiset – 27 Feb 26              Väkevien viinojen suoramyynti on tarkoitus sallia pientislaamoille –...    Hallitus jatkaa alkoholin myynnin vapauttamista. Käsityöläisoluiden ja tilaviinien lisäksi vaikkapa giniä tai viskiä voisi jatkossa myydä suoraan tislaamoilta.

Board member buying, 5,610 shares: Anora Group Oyj: Johdon liiketoimet - Rebecca Tallmark | Kauppalehti You can track management holdings here: Johdon omistukset | Anora

Chairman of the Board shopping, 12,000 shares Anora Group Oyj: Johdon liiketoimet - Atle Vidar Nagel Johansen | Kauppalehti

Picked up from Puntila’s interview. Anora is entering the energy drink market in some way with its own alcohol-spiked energy drink:                   s-kaupat.fi              F.FWD Fast Forward Lemon Lover Sugar Free 4,5% 0,33L | S-kaupat ruoan...    Tilaa F.FWD Fast Forward Lemon Lover Sugar Free 4,5% 0,33L ja muut ruokaostokset S-kaupat-palvelusta nyt suoraan kotiovellesi toimitettuna.

Rauli has published a company report right after the Q4 results  Anora’s Q4 result was in line with our forecasts. The midpoint of the 2026 guidance indicates an earnings improvement of just over EUR 5 million, in line with the company’s medium-term targets. We slightly raised our 2026-27 forecasts and expect this year’s adj. EBITDA to be EUR 75 million. Due to a lower debt level, we raised our DCF value as well as our target price to EUR 4.0 (prev. EUR 3.8). We reiterate our Reduce recommendation, as we believe the stock’s valuation is neutral (e.g., 2026 P/E 10x) and growth potential is limited.                   Inderes              Anora Q4’25: Ohjeistus lupaa miedon tulosnousun - Inderes    Vuoden 2026 ohjeistuksen keskikohta viittaa reilun 5 MEUR:n tulosparannukseen yhtiön keskipitkän aikavälin tavoitteiden mukaisesti.

Daniel interviewed Anora’s CEO Kirsi Puntila regarding Q4.                    Inderes              Anora Q4'25: Kustannuskurilla konkreettisia tuloksia - Inderes    Aika: 11.02.2026 klo 17.36 Anora onnistui Q4:lla parantamaan kannattavuuttaan odotuksia enemmän liikevaihdon laskusta huolimatta. Yhtiö ohjeistaa käyttökatteen edelleen paranevan vuonna 2026.                             Topics: 00:00 Introduction  00:19 Summary of Q4 and the full year  02:09 Positive profitability development  02:53 Focus areas in the Wine segment under new management  04:27 Personnel changes and other structural improvements  05:52 Guidance for improving profitability and the drivers behind it

In my opinion, Anora’s financial statement confirms the idea that this is a so-called eternal promise. Earnings per share consistently look very poor. Next year is always supposed to be better, but it never is. For this reason, I’m staying away. Admittedly, you have to respect the dividend. I’d rather continue the struggle with companies 100–1000 times larger. There are plenty of challenges with those as well.

Anora Group

Anora announced yesterday that it divests the cognac business for over EUR 50 million. The EBTDA of the divested operations has only been around EUR 2 million, so the multiples of the transaction are very high. Our estimates decreased only slightly, but Anora’s leverage decreases clearly with the transaction, which supports the value of the company’s share. We also believe that the transaction will bring out hidden value in Anora.

<p>Anora announced yesterday that it divests the cognac business for over EUR 50 million. The EBTDA of the divested operations has only been around EUR 2 million, so the multiples of the transaction are very high. Our estimates decreased only slightly, but Anora&rsquo;s leverage decreases clearly with the transaction, which supports the value of the company&rsquo;s share. We also believe that the transaction will bring out hidden value in Anora. We raise our target price to EUR 5.5 (was EUR 4.7) and raise our recommendation to Buy (was Accumulate).</p>

	2022	23e	24e
Revenue	702.7	746.2	752.8
growth-%	5.7 %	6.2 %	0.9 %
EBIT (adj.)	42.9	36.2	48.4
EBIT-% (adj.)	6.1 %	4.9 %	6.4 %
EPS (adj.)	0.39	0.17	0.40
Dividend	0.22	0.22	0.28
Dividend %	3.0 %	5.6 %	7.1 %
P/E (adj.)	19.0	23.2	9.8
EV/EBITDA	11.4	5.0	4.1

Anora: Cognac divestment creates clear value

Key Estimate Figures07.09.2023

Forum discussions