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Anora Group (ANORA) investor relations material
Anora Group Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Launched and executed the Fit, Fix, and Focus strategy, including organizational restructuring and a unified ERP system, to drive business turnaround and operational efficiency.
Achieved a 7.7% increase in comparable EBITDA in Q4 despite a 5.4% decline in net sales, with strong cost discipline and margin improvements.
Regained number 2 wine market share in Sweden, maintained leadership in Norway, Denmark, and Finland, and continued growth in the Swedish monopoly channel.
Implemented a new organization and ERP system, with successful launches in core assortment and improved inventory and cash flow.
Restructuring actions, including a reduction of 68 positions, achieved targeted cost savings.
Financial highlights
Q4 net sales declined by 5.4% year-over-year to EUR 194.3 million, mainly due to lower volumes in wine filler services and changes in the spirits partner portfolio.
Q4 comparable EBITDA increased by 7.7% to EUR 31.1 million, with a margin of 16%.
Full-year net sales decreased by 4.9% to EUR 657.9 million; full-year comparable EBITDA was EUR 71.1 million, or 10.8% of net sales.
Net interest-bearing debt reduced to EUR 101.5 million, with leverage at 1.4x comparable EBITDA.
Board proposes a dividend of EUR 0.24 per share.
Outlook and guidance
2026 comparable EBITDA guidance set at EUR 74–79 million, targeting 6–7% annual growth, reflecting a conservative approach due to continued market headwinds.
Alcoholic beverage consumption in key markets expected to remain structurally and cyclically challenged, with ongoing volume pressure anticipated.
Improvement focus is on both top-line growth and continued profitability enhancements through Fit, Fix, and Focus initiatives.
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