Margin on an upward trend
Anora's Q1 results improved slightly on the comparison period but fell short of expectations. The full-year guidance was reiterated, and we continue to believe that the company will be able to significantly improve its results in the coming years compared to last year’s weak performance.
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 Figures08.05.2024
| 2023 | 24e | 25e | |
|---|---|---|---|
| Revenue | 726.5 | 700.9 | 724.5 |
| growth-% | 3.4 % | -3.5 % | 3.4 % |
| EBIT (adj.) | 34.8 | 53.0 | 58.7 |
| EBIT-% (adj.) | 4.8 % | 7.6 % | 8.1 % |
| EPS (adj.) | 0.19 | 0.44 | 0.52 |
| Dividend | 0.22 | 0.25 | 0.30 |
| Dividend % | 5.1 % | 7.2 % | 8.7 % |
| P/E (adj.) | 22.7 | 7.8 | 6.6 |
| EV/EBITDA | 6.1 | 4.3 | 3.6 |
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