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Full-year results 2018 are published

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Altia is a leading Nordic alcoholic beverage brand company operating in the wines and spirits markets in the Nordic and Baltic countries. Altia wants to support a development of a modern, responsible Nordic drinking culture. Altia’s key exports brands are Koskenkorva, O.P. Anderson and Larsen. Other iconic Nordic brands are Chill Out, Blossa, Xanté, Jaloviina, Leijona, Explorer and Grönstedts. Altia’s net sales in 2018 were EUR 357.3 million and the company employs about 700 professionals. Altia’s shares are listed on Nasdaq Helsinki. 

Full-year results 2018

Altia's year 2018: Challenging operating environment impacted 2018 results – comparable EBITDA at EUR 40 million.

CEO Pekka Tennilä:

“Our financial development in 2018 was challenged by external factors in the operating environment. Increased raw material costs and negative impact from currencies have driven our financial results down.

When excluding the negative impact from currencies, we are pleased with the net sales growth of 1.4%. Our Nordic core brands such as Koskenkorva Vodka and Larsen Cognac continued to perform at a good level driven by growth in exports. In addition, the opening of the grocery trade in Finland and our own wine brands, Blossa and Chill Out, performed well."

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