Anora’s Annual Report and Remuneration Report for 2023 as well as updated Remuneration Policy have been published – Correction to the unaudited figures in the Q4 2023 Financial Statement Release
Anora Group Plc Stock Exchange Release 20 March 2024 at 1:00 p.m. EET
Anora’s Annual Report and Remuneration Report for 2023 as well as updated Remuneration Policy have been published – Correction to the unaudited figures in the Q4 2023 Financial Statement Release
Anora Group Plc has published its Annual Report 2023 today. The Annual Report consists of the Business Review, the Report by the Board of Directors, the Non-financial Statement, the Disclosure according to the EU Taxonomy Regulation, the Financial Statements with notes, the Corporate Governance Statement, the Remuneration Report, and the Sustainability Report for 2023. The Annual Report is published in Finnish and English. The complete Annual Report in English is attached to this release, and it is also available on the company website at anora.com/investors.
Anora’s Annual Report 2023 is published in accordance with the European Single Electronic Format (ESEF) reporting requirements as an XHTML file containing the official Financial Statements and as a pdf file. In line with the ESEF requirements, the Group’s primary financial statements have been labelled with XBRL tags and the notes to the consolidated financial statements with XBRL block tags. The audit firm PricewaterhouseCoopers Oy has provided an independent auditor’s reasonable assurance report on Anora Group’s ESEF Financial Statements in accordance with ISAE 3000 (Revised). The Financial statements can be found on the company website at anora.com/investors.
The audit firm PricewaterhouseCoopers Oy has also provided an independent practitioner’s limited assurance report on selected sustainability information disclosed in Anora's Annual Report 2023.
The Remuneration Report 2023 in English is attached to this release, and it is also available on the company website at anora.com/investors. An updated Remuneration Policy has also been published today and it is attached to this release as a PDF file.
Correction to the unaudited figures in the Q4 2023 Financial Statement Release
The audited financial statements include a correction of insignificant nature amounting to EUR 1.1 million compared to the unaudited financial information published in the Financial Statement Release on 14 February 2024. The correction relates to a discount for 2023 recorded during the fourth quarter of 2023, resulting in corresponding adjustments to net sales and profits in both Q4/2023 and in 2023. The impacts of this correction have been reflected in the audited Financial Statements in the attached Annual Report.
Updated key figures in the audited Financial Statements (NEW)
| EUR million | Q4 23 | Q4 22 | Change | 2023 | 2022 | Change |
| Net sales | 211.2 | 221.6 | -4.7% | 726.5 | 702.7 | 3.4% |
| Gross profit | 86.8 | 89.2 | -2.6% | 305.4 | 299.3 | 2,0% |
| % of net sales | 41.1 | 40.2 | 42.0 | 42.6 | ||
| Comparable EBITDA | 27.1 | 20.9 | 29.7% | 68.2 | 76.1 | -10.4% |
| % of net sales | 12.8 | 9.4 | 9.4 | 10.8 | ||
| EBITDA | 21.9 | 18.9 | 16.2% | 67.5 | 67.9 | -0.6% |
| Comparable operating result | 18.9 | 12.2 | 54.8% | 34.8 | 42.9 | -18.9% |
| % of net sales | 9.0 | 5.5 | 4.8 | 6.1 | ||
| Operating result | -51.7 | 10.2 | -31.3 | 34.7 | ||
| Result for the period | -44.2 | 3.7 | -39.9 | 18.1 | ||
| Earnings per share, EUR | -0.65 | 0.05 | -0.59 | 0.26 | ||
| Net cash flow from operating activities |
100.1 | 36.1 | 135.3 | -0.4 | ||
| Net debt/comparable EBITDA, rolling 12 months |
2.0 | 4.0 | 2.0 | 4.0* | ||
| Personnel end of period | 1,219 | 1,251 | -2.6% | 1,219 | 1251 | -2.6% |
* If including Globus Wine LTM figures, net debt/comparable EBITDA (LTM) would have been approx. 3.7 for 2022.
Key figures in the unaudited Financial Statement Release on 14 February 2024 (OLD)
| EUR million | Q4 23 | Q4 22 | Change | 2023 | 2022 | Change |
| Net sales | 212.4 | 221.6 | -4.2% | 727.6 | 702.7 | 3.5% |
| Gross profit | 88.0 | 89.2 | -1.3% | 306.5 | 299.3 | 2.4% |
| % of net sales | 41.4 | 40.2 | 42.1 | 42.6 | ||
| Comparable EBITDA | 28.2 | 20.9 | 35.2% | 69.4 | 76.1 | -8.9% |
| % of net sales | 13.3 | 9.4 | 9.5 | 10.8 | ||
| EBITDA | 23.1 | 18.9 | 22.3% | 68.7 | 67.9 | 1.1% |
| Comparable operating result | 20.1 | 12.2 | 64.7% | 35.9 | 42.9 | -16.3% |
| % of net sales | 9.4 | 5.5 | 4.9 | 6.1 | ||
| Operating result | -50.5 | 10.2 | -30.2 | 34.7 | ||
| Result for the period | -43.3 | 3.7 | -39.0 | 18.1 | ||
| Earnings per share, EUR | -0.64 | 0.05 | -0.58 | 0.26 | ||
| Net cash flow from operating activities |
100.1 | 36.1 | 135.3 | -0.4 | ||
| Net debt/comparable EBITDA, rolling 12 months |
2.0 | 4.0 | 2.0 | 4.0* | ||
| Personnel end of period | 1,219 | 1,251 | -2.6% | 1,219 | 1251 | -2.6% |
* If including Globus Wine LTM figures, net debt/comparable EBITDA (LTM) would have been approx. 3.7 for 2022.
ANORA GROUP PLC
Further information: Milena Hæggström, Director, Investor Relations, milena.haeggstrom@anora.com, tel. +358-40 5581 328
Distribution:
Nasdaq Helsinki Ltd
Principal media
www.anora.com
Anora is a leading wine and spirits brand house in the Nordic region and a global industry forerunner in sustainability. Our market-leading portfolio consists of our own iconic Nordic brands and a wide range of prominent international partner wines and spirits. We export to over 30 markets globally. Anora Group also includes Anora Industrial and logistics company Vectura. In 2023, Anora’s net sales were EUR 726.5 million and the company employs about 1,200 professionals. Anora’s shares are listed on Nasdaq Helsinki.