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 Altia's production, packaging and logistics capacity. In addition, by-products from the production process are sold to Altia's industrial customers. 

left

Altia's integrated operating 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 Altia's production, packaging and logistics capacity. In addition, by-products from the production process are sold to Altia's industrial customers.

Altia’s integrated operating model creates economies of scale in sourcing, production and distribution and Altia can take advantage of its shared operations, including consumer research, innovation, product development, overall know-how and effective use of centralized support functions.

Altia's business model

Segments

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

Net sales and comparable EBITDA margin by segment 2019

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

2019 2018

2017

2016

Net sales

128.6 133.8

133.9

133.9

Comparable EBITDA

20.6 19.2

19.6

20.2

Comparable EBITDA, % of net sales

16.0 14.3

14.6

15.0

Average number of personnel

89 95

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

2019 2018

2017

2016

Net sales

120.7 117.7

123.7

127.4

Comparable EBITDA

12.1 10.1

11.5

10.4

Comparable EBITDA, % of net sales

10.0 8.6

9.3

8.2

Average number of personnel

74 85

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, logistics and sourcing.

EUR million

2019 2018

2017

2016

Net sales

110.2 105.8

101.3

95.2

Comparable EBITDA

11.4 10.9

12.5

8.4

Comparable EBITDA, % of net sales

10.4 10.3

12.3

8.8

Average number of personnel

426 426

452

507