Business Model

Altia’s business model is based on offering a strong portfolio of its own brands and a versatile range of international partner brands as well as providing services to its customers that utilise the Company’s production, packaging and logistics capacity. In addition, by-products from the production process are sold to the Company’s industrial customers. The Company’s integrated operating model creates economies of scale in sourcing, production and distribution and the Company can take advantage of its shared operations, including consumer research, innovation, product development, overall know-how and effective use of centralized support functions.
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Altia business model
Altia's business model

Segments

Altia’s three segments are: Finland & Exports, Scandinavia and Altia Industrial.

Net sales and comparable EBITDA margin by segment 2017

Finland & Exports

The Finland & Exports segment comprises the import, sale and marketing of wine and spirits, and other beverages in Finland and the Baltics, as well as travel retail and exports.

EUR million

2017

2016

Net sales

133.9

133.9

Comparable EBITDA*

19.6

20.2

Comparable EBITDA, % of net sales*

14.6

15.0

Average number of personnel

100

104

 

Scandinavia

The Scandinavia segment comprises the import, sale and marketing of wine and spirits, and other beverages in Sweden, Norway and Denmark.

EUR million

2017

2016

Net sales

123.7

127.4

Comparable EBITDA*

11.5

10.4

Comparable EBITDA, % of net sales*

9.3

8.2

Average number of personnel

86

87

 

Altia Industrial

The Altia Industrial segment comprises Koskenkorva plant operations, starch, feed component and technical ethanol businesses, as well as contract manufacturing services at Rajamäki. It also includes supply chain operations, i.e. production operations in different countries, customer service and logistics.

EUR million

2017

2016

Net sales

101.3

95.2

Comparable EBITDA*

12.5

8.4

Comparable EBITDA, % of net sales*

12.3

8.8

Average number of personnel

452

507

 

*) The figures are unaudited.