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Anora Group (ANORA) investor relations material
Anora Group CMD 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.CMD 2025 summary5 Nov, 2025
Updated Strategy and Financial Targets
Launched the Fit, Fix and Focus (FFF) strategy, prioritizing profitability, operational efficiency, and core brand growth, replacing previous 2030 goals with new targets for 2028.
Set a target of 6%-7% annual comparable EBITDA growth, aiming for EUR 85-90 million by 2028, with a focus on outgrowing the market rather than setting a specific net sales target.
Maintained leverage target below 2.5x net debt/EBITDA and a dividend payout ratio of 50%-70% of net profit, with flexibility for selective M&A.
Strategy is more execution-driven and organic, with disciplined M&A considered only to support core and growth areas.
Built in buffers for headwinds such as declining market volumes and inflation, ensuring targets are achievable even in negative growth environments.
Financial Performance and Guidance
Comparable EBITDA rose to EUR 18.0 million, up 13.1% from last year, with improvements across all segments due to strong gross margin and lower operating expenses.
Net sales declined by 3.7% to EUR 156.7 million, mainly from lower volumes in Wine filler services and changes in the Spirits partner portfolio.
Gross margin improved by 190 basis points to 43.9% compared to the previous year.
Guidance for 2025 comparable EBITDA is set at EUR 70-75 million.
Liquidity reserves increased to EUR 262 million, and leverage improved to 3.0x from 3.3x last year.
Operational Transformation and Cost Efficiency
Fit phase targets EUR 20 million in cost savings through organizational simplification, sourcing optimization, and harmonization of materials and suppliers.
Fix phase aims for another EUR 20 million via value management, portfolio streamlining, pricing, inventory reduction, and supply chain optimization.
Focus phase to deliver EUR 10 million EBITDA uplift through organic growth in core brands, new channels, and international expansion.
Unified ERP and IT systems by 2026 to reduce complexity, improve transparency, and enable faster decision-making.
SKU rationalization and supplier consolidation to improve working capital and operational efficiency.
What specific initiatives drive EUR 40M EBITDA?
Identify key growth channels and categories.
Explain M&A impact on debt leverage target.
What specific headwinds offset EBITDA uplift?
Explain SKU rationalization vs. new product launches.
Industrial segment growth beyond beverage applications?
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Next Anora Group earnings date
Q4 202511 Feb, 2026
Next Anora Group earnings date
Q4 202511 Feb, 2026
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Anora Group produces and markets alcoholic beverages, including spirits, wines, and ready-to-drink products. It serves retail, hospitality, and export markets primarily in the Nordic and Baltic countries. The company is headquartered in Helsinki, Finland, and its shares are listed on the Nasdaq Helsinki.
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