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.
Maison Larsen (Altia Group) Appoints Marussia Beverages USA for Distribution
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Marussia Beverages USA has been named the importer partner for Altia Group’s Larsen Cognac. The appointment is for the entire line of cognac starting with the new Aqua Ignis (A.I). This is the first cognac in the world aged in triple steam-toasted barrels.
According to Tom Wagstaff, VP of Sales at Marussia Beverages USA, “This appointment furthers the relationship between Altia Group and our team in the U.S. Working with this esteemed cognac – from its new extraordinary craft Larsen A.I. to eventually it’s classic range – is an exciting opportunity to connect with connoisseurs and fans of cognac while building our portfolio.”