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

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

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

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

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(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.)