Anora: Valuation corrected, outlook still good
Anora’s share has risen by over 20% since our last update. In our opinion, the company’s Q1 has gone roughly according to our and the company’s expectations, so we have not changed our forecasts in this report.
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.
Read more on company pageKey Estimate Figures07.04.2024
| 2023 | 24e | 25e | |
|---|---|---|---|
| Revenue | 727.6 | 724.0 | 743.6 |
| growth-% | 3.6 % | -0.5 % | 2.7 % |
| EBIT (adj.) | 35.9 | 53.8 | 59.0 |
| EBIT-% (adj.) | 4.9 % | 7.4 % | 7.9 % |
| EPS (adj.) | 0.21 | 0.44 | 0.52 |
| Dividend | 0.22 | 0.25 | 0.30 |
| Dividend % | 5.1 % | 7.3 % | 8.7 % |
| P/E (adj.) | 21.2 | 7.8 | 6.6 |
| EV/EBITDA | 6.0 | 4.2 | 3.5 |
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