ANORANasdaq HelsinkiBeverages - Wineries & DistilleriesIFRS · EUR

Anora Group Oyj

Anora Group is a prominent Nordic brand house specializing in wines and spirits, recognized globally for its commitment to sustainability. The company boasts a diverse portfolio of iconic Nordic brands and internationally esteemed wines and spirits. Anora also includes Anora Industrial and the logistics company Vectura, contributing to its comprehensive market presence. The company is listed on Nasdaq Helsinki and operates in over 30 markets worldwide.

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Revenue658m EUR
−4.9 %y/y
Operating profit (EBIT)23.8m EUR
−31.0 %y/y
EBIT margin3.6%
−1.4 ppy/y
Net income5.7m EUR
−48.6 %y/y
Free cash flow37.6m EUR
+79.9 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

-2000200400600800m EUR2021: 478 m EUR2021: EBIT 42 m EUR20212022: 703 m EUR2022: EBIT 35 m EUR20222023: 727 m EUR2023: EBIT -31 m EUR20232024: 692 m EUR2024: EBIT 35 m EUR20242025: 658 m EUR2025: EBIT 24 m EUR202565824
RevenueOperating profit (EBIT)
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Business

Share of revenue
Wine50 %

Includes iconic Nordic wine brands and international wines

Spirits30 %

Comprises a range of internationally recognized spirits

Industrial10 %

Products and services from Anora Industrial

Logistics10 %

Logistics services provided by Vectura

Customers

Anora serves a wide range of customer segments, including monopolies in Nordic countries, grocery trade, and on-trade establishments. The company is a preferred supplier in these segments due to its strong brand portfolio and commitment to sustainability. Anora also targets international markets through global travel retail and exports. The company's focus on customer centricity helps deepen collaboration with key partners and expand its market reach.

Nordic Monopolies

Purchase wines and spirits for retail in monopoly markets

Grocery Trade

Buys iconic Nordic brands for retail distribution

On-Trade

Seeks premium spirits and wines for restaurants and bars

Global Travel Retail

Offers recognized brands in duty-free and travel retail

Strategy

Anora's strategy revolves around accelerating growth beyond the Nordic region, enhancing its brand portfolio, and maintaining a strong focus on sustainability. The company aims to lead category growth across consumer occasions and channels, particularly in monopoly markets. Anora is also focused on strengthening its position in the grocery trade and becoming the preferred supplier in the on-trade segment. The company's strategic priorities are supported by its commitment to stable dividends and strong cash flow generation.

Expand beyond NordicsMedium term

To capture new markets and increase revenue

Strengthen brand portfolioShort term

To maintain competitive edge and customer loyalty

Focus on sustainabilityLong term

To align with global consumer trends and regulatory requirements

Geography

Anora is headquartered in Helsinki, Finland, and operates predominantly in the Nordic region, including Finland, Sweden, and Norway. The company has a significant presence in Denmark and Germany, and exports to over 30 international markets. Anora's geographic strategy focuses on expanding beyond the Nordics, leveraging its strong brand portfolio and sustainability credentials to penetrate new markets. The company's logistics capabilities, through Vectura, support its extensive distribution network.

Risks

Anora faces several risks, including changes in market conditions and regulatory environments, particularly in Nordic monopoly markets. The company is exposed to operational risks such as supply chain disruptions and raw material price volatility. Financial risks include currency fluctuations and interest rate changes, which can impact profitability. Additionally, geopolitical tensions and trade policies may affect Anora's international operations and market access. The company also needs to manage strategic risks related to brand positioning and competitive dynamics.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Regulatory changes in Nordic markets1Currency fluctuations2Supply chain disruptions3
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Regulatory changes in Nordic marketsImpact: HighLikelihood: Medium

    Could impact sales channels and pricing

  2. Currency fluctuationsImpact: MediumLikelihood: High

    Impact profitability and financial results

  3. Supply chain disruptionsImpact: MediumLikelihood: Medium

    Affect production and delivery timelines

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Accounting

Judgemental items
Revenue recognition

Timing affects financial results and comparability

Impact: high

Seasonality

Causes fluctuations in quarterly results

Impact: medium

Derivatives accounting

Manages financial risk exposure

Impact: medium

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Last updated: 24/09/2026

Anora Group Oyj (ANORA) Revenue, Earnings & Financials 2025 – Clarifo