Finland's Arctic Blue Beverages Q2 revenue falls on decline in gin sales

Arctic Blue Beverages AB

20/08/2026 07:12

Overview
Finland spirits producer's Q2 revenue declined yr/yr, EBITDA loss narrowed
Company launched Blue Moment Vodka and won multiple awards at 2026 IWSC
Arctic Blue Beverages agreed U.S. joint venture, appointed new CEO effective June 30, 2026

Outlook
Company expects order volumes to grow during the rest of the year
Arctic Blue Beverages to focus on commercialization of gins and expansion in vodka and long drink categories
Company says US joint venture for long drink portfolio is progressing, with further updates to come

Result Drivers
GIN CATEGORY DECLINE - Co said continued challenging market and decline in gin category drove revenue lower
COST SAVINGS - Co said cost-saving and operational improvement actions led to significantly lower expenses and improved EBITDA
SUPER PREMIUM GINS - Increased sales of super premium small batch gins to new cities and on-trade chains partly offset gin category decline

Company press release: ID:nMFNbH5zWY

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
SEK 715,000
 
Q2 Loss Per Share
 
SEK 0.04
 
Q2 Net Loss
 
SEK 3.38 mln
 
Q2 EBIT
 
-SEK 2.44 mln
 
Q2 EBITDA
 
-SEK 2.11 mln
 

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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.)