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Anora Q3 net sales rise on new distribution deals, profitability improves

By Reuters News


Overview

  • Finland alcoholic beverage maker's Q3 net sales rose 0.5% yr/yr to EUR 157.5 mln

  • Comparable EBITDA for Q3 grew 12.5% to EUR 20.2 mln

  • Company cites operational improvements and new distribution deals for stronger profitability


Outlook

  • Anora expects 2026 comparable EBITDA of EUR 74-79 mln, unchanged from prior guidance

  • Company says alcoholic beverage consumption in key markets expected to remain structurally challenged


Result Drivers

  • OPERATIONAL IMPROVEMENTS - Co said disciplined revenue management, portfolio optimisation and continued operational improvements lifted gross margin to highest level in several years

  • NEW DISTRIBUTION DEALS - Co signed new agreements including exclusive Bacardi distribution in Sweden and Norway, and expanded reach in non-alcoholic category

  • SEGMENT PERFORMANCE - Spirits segment improved profitability through stronger margins and disciplined commercial execution; Industrial segment earnings grew on higher contract manufacturing volumes and efficiency


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

EUR 157.50 mln

Q3 EPS

EUR 0.09

Q3 Adjusted EBITDA

EUR 20.20 mln

Q3 Adjusted EBIT

EUR 13.30 mln

Q3 EBIT

EUR 10.70 mln

Q3 EBITDA

EUR 20.10 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the distillers & wineries peer group is "buy"

  • Wall Street's median 12-month price target for Anora Group Oyj is €4.50, about 13.8% above its October 29 closing price of €3.96

  • The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago


Reuters Recommended Reads

  • Oct 28 - France's Remy Cointreau H1 sales rise, helped by Cognac growth in Asia

  • Oct 28 - Campari confirms 2026 outlook after 3.4% rise in third quarter revenue

  • Oct 29 - AB InBev's Q3 revenue rises 5%, EPS up 22%


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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