The development of the Group’s business operations and profitability are affected by factors such as the market situation and competitive environment, economic outlook, imports by consumers and changes in the alcohol taxation. The uncertainty in the eurozone and changes in customers’ buying behaviour are continuing. There is still significant uncertainty related to the development of consumer demand. Raw material prices and currencies are expected to remain volatile.
Sales in the sector are seasonal, with net sales and operating profit generally being significantly higher in the fourth quarter of the year compared to other quarters.
The positive trend in Altia’s core brand portfolio is expected to continue. Cost increases on key raw materials and expansion in exports impact profitability development.
The Group’s comparable EBITDA is expected to improve or be at the 2017 level.