Anora Group
2.955
EUR
-0.51 %
ANORA
NASDAQ Helsinki
Food & Beverage
Consumer Goods & Services
5,466 following
-0.51%
-2.15%
-15.09%
-31.68%
-35.48%
-32.22%
-31.2%
-72.84%
-62.97%
-61.72%
anora.com/en/investors
Anora Group is a producer of alcoholic beverages. The product portfolio consists of wine and spirits marketed under various brands. The largest operations are found in the Nordics and the Baltics, and the company's products are exported to retailers in Europe and North America. The company was created through a merger of Altia and Arcus in 2021 and has its headquarters in Helsinki.
P/E (adj.) (24e)
11.81
EV/EBIT (adj.) (24e)
8.17
P/B (24e)
0.49
Dividend yield-% (24e)
7.45 %
Target price
3.40 EUR
Recommendation
Reduce
Updated
8.11.2024
NASDAQ Helsinki
ANORA
Daily low / high price
2.945 / 3.005
EUR
Market cap
199.62M EUR
Turnover
127.77K EUR
Volume
43K
Business risk
Valuation risk
Current
Previous
Latest research
Extensive report
Inderes' extensive report is an investor's handbook on customer companies covered by our research.
The latest extensive report was released
Read the reportAnalyst
Rauli Juva
Analyst
Latest videos
Financial calendar
Annual report
2025-02-12
General meeting
2025-04-15
Interim report
2025-05-07
Interim report
2025-08-15
Interim report
2025-10-31
Income statement
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 342.4 | 665.0 | 702.7 | 726.5 | 690.7 | 704.0 | 718.1 | 724.2 |
| growth-% | -4.8 % | 94.2 % | 5.7 % | 3.4 % | -4.9 % | 1.9 % | 2.0 % | 0.9 % |
| EBITDA | 40.3 | 95.2 | 67.9 | 67.5 | 64.6 | 71.6 | 76.8 | 79.1 |
| EBIT (adj.) | 35.0 | 69.8 | 42.9 | 34.8 | 39.6 | 45.3 | 51.2 | 53.9 |
| EBIT | 22.9 | 64.0 | 34.7 | -31.3 | 37.6 | 45.3 | 51.2 | 53.9 |
| Profit before taxes | 21.3 | 54.5 | 23.4 | -53.8 | 18.6 | 29.3 | 41.2 | 45.6 |
| Net income | 17.8 | 42.7 | 17.9 | -39.9 | 14.9 | 23.1 | 32.4 | 35.9 |
| EPS (adj.) | 0.83 | 1.04 | 0.39 | 0.19 | 0.25 | 0.34 | 0.48 | 0.53 |
| growth-% | 48.7 % | 26.0 % | -62.8 % | -50.4 % | 30.4 % | 36.5 % | 40.5 % | 10.8 % |
| Dividend | 0.75 | 0.45 | 0.22 | 0.22 | 0.22 | 0.22 | 0.25 | 0.37 |
| Dividend ratio | 152.7 % | 71.2 % | 82.9 % | -37.3 % | 99.7 % | 64.4 % | 52.1 % | 70.0 % |
Profitability and return on capital
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| EBITDA-% | 11.8 % | 14.3 % | 9.7 % | 9.3 % | 9.4 % | 10.2 % | 10.7 % | 10.9 % |
| EBIT-% (adj.) | 10.2 % | 10.5 % | 6.1 % | 4.8 % | 5.7 % | 6.4 % | 7.1 % | 7.4 % |
| EBIT-% | 6.7 % | 9.6 % | 4.9 % | -4.3 % | 5.4 % | 6.4 % | 7.1 % | 7.4 % |
| ROE | 11.5 % | 12.9 % | 3.6 % | -9.0 % | 3.7 % | 5.6 % | 7.6 % | 8.1 % |
| ROI | 9.2 % | 12.1 % | 4.9 % | -3.2 % | 6.0 % | 7.5 % | 8.5 % | 9.0 % |
Valuation
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Share price (EUR) | 9.98 | 10.90 | 7.36 | 4.44 | 2.96 | 2.96 | 2.96 | 2.96 |
| Shares | 36.1 | 67.6 | 67.6 | 67.6 | 67.6 | 67.6 | 67.6 | 67.6 |
| Market cap | 360.7 | 736.3 | 497.5 | 300.1 | 199.8 | 199.8 | 199.8 | 199.8 |
| Enterprise value | 356.9 | 862.4 | 777.3 | 418.6 | 323.5 | 306.7 | 288.3 | 270.0 |
| EV/S | 1.0 | 1.3 | 1.1 | 0.6 | 0.5 | 0.4 | 0.4 | 0.4 |
| EV/EBITDA | 8.9 | 9.1 | 11.4 | 6.2 | 5.0 | 4.3 | 3.8 | 3.4 |
| EV/EBIT (adj.) | 10.2 | 12.4 | 18.1 | 12.0 | 8.2 | 6.8 | 5.6 | 5.0 |
| EV/EBIT | 15.6 | 13.5 | 22.4 | - | 8.6 | 6.8 | 5.6 | 5.0 |
| P/E (adj.) | 12.1 | 10.5 | 19.0 | 23.1 | 11.8 | 8.7 | 6.2 | 5.6 |
| P/E | 20.3 | 11.9 | 27.7 | - | 13.4 | 8.7 | 6.2 | 5.6 |
| P/B | 2.3 | 1.5 | 1.0 | 0.7 | 0.5 | 0.5 | 0.5 | 0.4 |
| P/S | 1.1 | 1.1 | 0.7 | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 |
| Dividend yield | 7.5 % | 4.1 % | 3.0 % | 5.0 % | 7.4 % | 7.4 % | 8.5 % | 12.6 % |
| Equity ratio | 34.3 % | 41.2 % | 37.0 % | 36.0 % | 39.4 % | 39.4 % | 42.1 % | 43.1 % |
| Gearing ratio | -2.4 % | 24.8 % | 62.5 % | 33.8 % | 33.6 % | 28.9 % | 23.5 % | 18.5 % |
Quarter data
| Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24 | Q4/24e | 2024e | Q1/25e | Q2/25e | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 211.2 | 726.5 | 146.9 | 177.1 | 162.7 | 204.0 | 690.7 | ||
| EBITDA | 21.9 | 67.5 | 7.7 | 14.9 | 15.3 | 26.6 | 64.6 | ||
| EBIT | -51.7 | -31.3 | 0.8 | 8.4 | 8.6 | 19.8 | 37.6 | ||
| Profit before taxes | -57.6 | -53.8 | -3.0 | 2.5 | 3.7 | 15.5 | 18.6 | ||
| Net income | -44.1 | -39.9 | -2.2 | 1.8 | 3.3 | 12.3 | 14.9 |
ShowingAll content types
Anora Q3'24: Soft volumes
Anora Q3'24: No significant upward turn in sight
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Anora, Webcast, Q3'24
Anora Q3'24 flash comment: Result even weaker than cut expectations
Anora Group Plc's Interim Report January-September 2024: All segments improved their gross margins in Q3, lower volumes in beverage sales had a negative impact on comparable EBITDA
Anora Q3’24 preview: Profit warning indicates a weak quarter
Anora: Lowered guidance and change of CEO
Publication of Anora's Interim Report for January-September 2024 on 7 November 2024 and invitation to results presentation
Anora in a nutshell
Anora: Another change of CEO
Inside information: CEO of Anora to change
Anora: Weakened earnings potential
Inside information, profit warning: Anora Group lowers its guidance for 2024
Composition of Anora's Shareholders' Nomination Board
Anora: Viva Wine, the main competitor in wines, made strong progress in Q2
Anora's financial reporting and Annual General Meeting in 2025
Anora Q2'24: Slowly getting better
Anora Q2'24: A solid performance
