Annual Report 2018

Welcome to read our Annual Report 2018. The Annual Report consists of Business overview, Report by the Board of Directors and Non-financial statement, Corporate responsibility section, Governance statements and Financial statements.

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Responsibility Altia Annual report 2018 picture
Corporate responsibility

2018 marked the first year of Altia’s corporate responsibility action programme for 2018–2020. As part of the responsibility action programme, we asked our new shareholders and other stakeholders for their views on our corporate responsibility.

The most important corporate responsibility aspects highlighted by our shareholders were the quality and safety of Altia’s products, the circular economy, conserving groundwater, sustainable packaging and a responsible supply chain.

Altia's CEO Pekka Tennilä
CEO's review

CEO Pekka Tennilä: ”2018 was an important year for Altia. We reached a significant milestone when Altia was listed on Nasdaq Helsinki in March. By the end of the year, Altia’s shareholder base had grown to nearly 18 000 shareholders.

Our long-term sustainability work at the Koskenkorva distillery received global recognition in November when we won the Green Company of the Year award in the highly respected The Drinks Business Green Awards 2018. Our Koskenkorva distillery is a forerunner in circular economy and we have done continuous sustainability work there for many years. Sustainability is a key trend increasingly driving both our business and the whole drinks industry in a long-term.

Our Nordic core brands, such as Koskenkorva Vodka and Larsen Cognac, have continued their good performance, driven by export growth. In addition, the opening of grocery trade in Finland and the sales of our own wine brands, Blossa and Chill Out, developed well.