CEO Pekka Tennilä: “Looking back at 2019, I am pleased to see our net sales and profitability improving. The Scandinavia segment, especially Sweden, showed strong sales and profitability improvement, supported by another successful Blossa season. We finished our sustainability roadmap, with ambitious targets set for the future.
In 2019, our net sales grew by 0.6% to EUR 359.6 (357.3) million. Net sales grew by 1.5% in constant currencies. Net sales of spirits and wine combined were at the previous year’s level, and we saw slight growth in constant currencies. In the monopoly markets, our spirits sales grew in value in all three markets – Finland, Sweden and Norway.
Growth in wine was driven by a strong performance in Sweden. In the Altia Industrial segment, net sales growth was driven by higher prices and good volume development in industrial products.
Read the full CEO’s review