Latest Breaking News On - Pekka tennil - Page 6 : vimarsana.com
Duty free W&S suppliers take action in face of escalating Russia-Ukraine crisis
trbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from trbusiness.com Daily Mail and Mail on Sunday newspapers.
Anora Group CEO warns of glass bottle shortages as merger completes
just-drinks.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from just-drinks.com Daily Mail and Mail on Sunday newspapers.
Scandinavia boosts Altia first quarter results 28th April, 2021 by Owen Bellwood
Nordic drinks group Altia saw sales rise 5.1% in the first three months of 2021, bolstered by strong spirits growth in Sweden, Norway and Denmark.
Altia CEO Pekka Tennilä
Altia, which produces Koskenkorva vodka and Larsen Cognac, reported net sales of €71.7 million (US$86.6m) for the period between January and March 2021. Sales were 5.1% higher than the same period in 2020.
In Scandinavia, sales increased by 9.9% to €24.2m (US$29.2m), and the group’s industrial sector saw sales rise 9.4% to €24.5m (US$29.6m).
In Finland and exports market, Altia’s sales dropped 3.5% in the three months to the end of March 2021. The group said the regions had been ‘more affected by the Covid-19 restrictions’ and that sales in the monopolies had been insufficient to offset declines in the on-trade and travel retail.
Merger of Finnish booze firm Altia and Norway s Arcus gets conditional OK from regulator
State-owned Altia s brands include Koskenkorva and Jaloviina, while Arcus markets the bitter tipple Gammel Dansk.
File photo of Altia s Koskenkorva grain spirit.
Image: Henrietta Hassinen / Yle
The Finnish Competition and Consumer Authority (FCCA) has conditionally approved the merger of state-owned spirits maker Altia with Norwegian booze company Arcus, according to a statement issued by Altia on Monday.
The FCCA said that in order to gain full approval, Altia would need to divest ownership of its aquavit brand Skåne Akvavit and that Arcus must terminate agreements linked to the brand Metsmaasikas, a strawberry-flavoured liqueur.
Altia sales drop 4.8% in 2020 25th February, 2021 by Owen Bellwood
Nordic drinks group Altia saw reported net sales decline 4.8% in 2020 as Covid-19 restrictions hit travel retail, exports and the on-trade.
Altia CEO Pekka Tennilä thanked employees for ‘delivering such strong results’
Between January and the end of December 2020, Altia’s net sales decreased 4.8% to €342.4 million (US$418.4m).
During the period, sales across the Finland-and-exports segment declined to €117.2m (US$143.4m) after a drop in exports and travel retail, but the sales in the monopoly channel grew, driven by strong spirits sales.
Across Scandinavia, sales grew 3.9% to reach €123.9m (US$151.5m) and were driven by strong results in the monopolies, which offset declines in the on-trade sector.
vimarsana © 2020. All Rights Reserved.