New financial goals from Anora: 3–5 percent annual turnover growth, stable or growing dividend


Alcohol company Anuran the board has decided on the financial goals and approved the company’s growth strategy and responsibility roadmap for the years 2022–2030.

The company’s long-term goals were outlined as follows:

•Annual revenue growth of 3–5 percent including acquisitions, most organic growth

•Comparable EBITDA of 16 percent by focusing even more strongly on business that increases profit margin and on economies of scale from indirect costs

•Interest-bearing net debt in relation to comparable EBITDA below 2.5. Debt levels can temporarily be exceeded in connection with business acquisitions.

•Anora strives to maintain a stable or growing dividend. The dividend ratio is 50–70 percent of the financial year’s result.

The company says its vision is to be “the leading house of wines and spirits in the Nordic countries, which creates growth through responsibility”.

“Over the past year, we have successfully integrated two companies and built a strong Anora. Now we are starting an ambitious journey, the goal of which is to grow stronger than the market in the domestic market and to increase the share of international business,” says the CEO Pekka Tennilä in the company’s announcement.

“Outside the Nordic countries, we seek international growth by focusing on selected key brands and through acquisitions. Earlier this year, we completed the acquisition of Globus Wine, Denmark’s leading wine company. With this acquisition, we have significantly strengthened our position as a leading producer of responsible wines in Denmark and in the wine category.”

We want to reduce emissions

The company also detailed the sustainability goals.

The goal is a total emission reduction of 38 percent by 2030 and net zero emissions by 2050. The Koskenkorva distillery is supposed to become carbon neutral by 2026. We want to increase the proportion of our own grain liquor products made from renewable grain to 30 percent.

By 2030, all the company’s packaging will be light, 100% recyclable and made of materials from certified sources or recycled materials.

“By replacing the transported glass bottles with tap packs that can be filled closer to the end market, we can significantly reduce the carbon dioxide emissions of our wine products. We also continue our pioneering responsibility work at our award-winning Koskenkorva distillery, whose operation is based on a circular economy and which has achieved 60 percent emission reductions as a result of our long-term responsibility work,” says Tennilä.

New member of the management team

The company also said that Lars Egedal has been appointed Chief Growth Officer (CGO) and a member of the management team from 1 January 2023.

Egedal started with Anora Globe Wines as CFO. Globus Wine is Denmark’s leading wine company, which was acquired by Anora in July 2022. Before Globus Wine, Egedal has worked in various management positions in finance, finance and corporate acquisitions. During his career, Egedal has accumulated strong experience in the consumer product business in both the Nordic and Baltic countries.


Source: Arvopaperi by www.arvopaperi.fi.

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