Inside information, profit warning: Anora Group lowers its 2023 guidance
Anora Group Plc Inside information, 15 August 2023 12.40 pm EEST
Inside information, profit warning: Anora Group lowers its 2023 guidance
Anora Group has decided to lower its 2023 guidance for comparable EBITDA. Anora now expects the company’s comparable EBITDA for 2023 to be EUR 70–78 million. Previously Anora expected the comparable EBITDA to be EUR 80–90 million. For the full year 2022, Anora’s comparable EBITDA was EUR 76.1 million.
The key reasons for lowering the guidance are that the forecasted profitability of Globus Wine for 2023 is significantly lower than originally expected, and that the weakening of Swedish and Norwegian crowns have had a significant negative impact on Anora’s profits during the first half of the year, especially in the Wine segment.
New guidance for 2023:
In 2023, Anora’s comparable EBITDA is expected to be between EUR 70 and 78 million.
Previous guidance for 2023:
In 2023, Anora’s comparable EBITDA is expected to be between EUR 80 and 90 million.
Anora Group will publish its half-year financial report on 25 August 2023. Due to the silent period, the company will not give further comments on its result before publishing the half-year report. Anora will hold a webcast for analysts and media on the day of the result release.
Anora Group Plc
Pekka Tennilä, CEO
Contacts:
Petra Gräsbeck, Corporate Communications, tel. +358 40 767 0867
Distribution:
Nasdaq Helsinki Ltd
Principal media
www.anora.com
Petra Gräsbeck
Director, Sustainability and Communications
+358 40 767 0867
petra.grasbeck@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 2022, Anora’s net sales were EUR 703 million and the company employs about 1,200 professionals. Anora’s shares are listed on Nasdaq Helsinki.