Amber Beverage reports 'resilient' full-year sales : vimarsa

Amber Beverage reports 'resilient' full-year sales


Amber Beverage reports ‘resilient’ full-year sales
26th May, 2021 by Nicola Carruthers
Luxembourg-based Amber Beverage Group saw organic sales increase 11% last year, boosted by its strong presence in the Baltics.
Moskovskaya Vodka-based hard seltzers launched in January 2021
Amber Beverage Group (ABG), producer of brands such as Rooster Rojo Tequila and Moskovskaya vodka, confirmed its net revenue reached €268.7 million (US$347.1m) in 2020. However, volumes dropped 8.4% last year due to the pandemic.
Organic operating profit for the full year rose by 21% to €21.9m (US$26.8m).
Earnings before interest, taxes, depreciation and amortisation (EBITDA) reached €31.2m (US$38.2m) in 2020, up 13%.
ABG said its presence in core markets had been “strengthened” in 2020. According to Nielsen data cited by ABG, the company holds the number one position in the distribution of beverages in Latvia, a top five position in Estonia, and the number one and number two spots in main spirits categories (whisky and brandy, respectively) in Lithuania.

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