Finland's Anora Q2 revenue falls on weak market demand
Finland's Anora Q2 revenue falls on weak market demand
Overview
Finland alcoholic beverage maker's Q2 revenue fell 3% yr/yr amid subdued Nordic demand
Comparable EBITDA for Q2 rose 14.6%, driven by operational improvements and portfolio optimisation
Q2 EPS declined to EUR 0.02 from EUR 0.03
Outlook
Anora expects 2026 comparable EBITDA of EUR 74-79 mln, unchanged from previous guidance
Company sees continued volume pressure in key markets through 2026 and beyond
Anora to focus on efficiency, profitable growth, margin improvement and cash generation
Result Drivers
EFFICIENCY MEASURES - Structural efficiency actions under FFF programme lowered operating costs and supported earnings
PORTFOLIO OPTIMISATION - Portfolio changes, including loss of lower-margin filler service volumes and partner brands, reduced net sales but improved portfolio quality
WEAK MARKET DEMAND - Subdued Nordic consumer demand and declining market volumes weighed on net sales
Company press release: ID:nMFNbCP0ln
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| EUR 160.50 mln |
|
Q2 EPS |
| EUR 0.02 |
|
Q2 Adjusted EBITDA |
| EUR 16 mln |
|
Q2 Adjusted EBIT |
| EUR 9.20 mln |
|
Q2 EBIT |
| EUR 5.50 mln |
|
Q2 EBITDA |
| EUR 12.30 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "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 €4.10, about 13.7% above its August 13 closing price of €3.61
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago
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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.)