• Forum
  • Premium
  • Stock Markets
    • MarketsLive prices, indices, and market performance
    • Morning ReviewDaily market recap and key overnight highlights
    • Stock CalendarUpcoming earnings, listings, and corporate events
    • Dividends CalendarFuture and past dividends
  • Companies
    • CompaniesBrowse and filter the full list of listed companies
    • DiscoveryInspiration for your next investment
    • IPOsNew listings and upcoming public offerings
    • AGM InvitationsAnnual general meeting dates and shareholder info
  • Stock Research
    • ResearchExpert stock analysis and recommendations
    • ArticlesNews, insights, and market commentary
    • PortfolioInderes model portfolio
    • FemmeBreaking barriers and building confidence in investing
  • Learn about investing
    • Analysis SchoolLearn how to read and understand stock analysis
    • Investing SchoolGuides and lessons to grow your investing knowledge
    • Portfolio buildersInvesting knowledge for every level, from first steps to advanced portfolio strategies.
    • inderesTVVideo hub for stock research, analysis, and expert commentary
    • TranscriptsFull text records of earnings calls and investor meetings
    • Stock ComparisonCompare financials and performance across multiple stocks
    • Earnings SeasonCompare EPS estimates to reported results
    • Insider TransactionsTrack buying and selling activity by company insiders
    • Virtual Analyst ChatAsk questions and get instant AI-powered investment insights
    • Compound Interest CalculatorSee how your savings grow with the power of compound interest.
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • Instagram
  • X (Twitter)
  • Tiktok
  • Linkedin
Get in touch
  • info@inderes.fi
  • +358 10 219 4690
  • Porkkalankatu 5
    00180 Helsinki
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Q&A
  • Terms of service
  • Privacy policy
  • Disclaimer

Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.

Margin on an upward trend

ANORAResearch08.05.2024 klo 09.49
Rauli JuvaAnalyst
Discuss
Download report (PDF)

Anora's Q1 results improved slightly on the comparison period but fell short of expectations. The full-year guidance was reiterated, and we continue to believe that the company will be able to significantly improve its results in the coming years compared to last year’s weak performance.

Login required

This content is only available for logged in users

Create account

Anora Group is a producer of alcoholic beverages. The product portfolio consists of wine and spirits marketed under various brands. The largest operations are found in the Nordics and the Baltics, and the company's products are exported to retailers in Europe and North America. The company was created through a merger of Altia and Arcus in 2021 and has its headquarters in Helsinki.

Read more on company page

Key Estimate Figures08.05.2024

202324e25e
Revenue726.5700.9724.5
growth-%3.4 %-3.5 %3.4 %
EBIT (adj.)34.853.058.7
EBIT-% (adj.)4.8 %7.6 %8.1 %
EPS (adj.)0.190.440.52
Dividend0.220.250.30
Dividend %5.1 %7.2 %8.7 %
P/E (adj.)22.77.86.6
EV/EBITDA6.14.33.6

Forum discussions

Anora flagged a change in ownership today, as control of its largest shareholder, Canica, transferred to the daughter of Norwegian mogul Stein...
5/26/2026, 6:07 AM
by Rauli_Juva
5
Here are Rauli’s comments on the figures of Viva Wine, the main competitor of Anora’s Wine segment. Anora’s Wine segment’s main competitor, ...
5/8/2026, 3:18 PM
by Sijoittaja-alokas
2
Glad if the interview was useful! And indeed, since the dividend yield alone is close to our required rate of return, the recommendation turned...
5/7/2026, 6:48 AM
by Rauli_Juva
4
@Rauli_Juva has upgraded to “Accumulate,” as the share price drop helped the situation: Anora Q1'26: Tuotto-odotus kääntyi houkuttelevaksi -...
5/7/2026, 5:55 AM
by NukkeNukuttaja
5
Yeah, good interview and thanks Rauli for bringing up the question of how current resources could be utilized in the future regarding broader...
5/6/2026, 5:22 PM
3
A really good interview. The key points that stuck with me were that Q1 only represents 10% of the entire year for Anora. Additionally, the ...
5/6/2026, 4:23 PM
by PaulKo
3
Rauli interviewed Anora’s CEO Kirsi Puntila and CFO Stein Eriksen Topics: 00:00 Introduction 00:10 Q1 Highlights 01:29 Decrease in revenue 02...
5/6/2026, 3:23 PM
by Sijoittaja-alokas
2