Since the establishment of Amber Beverage Group (ABG) in late 2014, each and every year has been a year of great success. In 2019, ABG delivered outstanding financial results of EUR 272 million of net revenues and hit the EBITDA milestone of EUR 30.2 million showing that its core strategy is working and with the right focus and team, ABG can continue to deliver the #ExtraordinaryEveryday.
“In our continuous journey towards the goal of becoming a truly global player in the production, distribution, retail and logistics of alcoholic beverages, the extraordinary commitment of everyone at ABG was especially important in 2019,” said Seymour Ferreira, ABG CEO.
“We are constantly innovating our products and sales channels to get closer to our customers and their needs wherever they are. With roots in the business stretching back over a century, it is a challenge to keep pace with the ever-changing marketplace, while investing in qualities that matter. However, our insight into local markets, our continued territorial gains through acquisition, and our technological capabilities give us a very strong competitive advantage. ABG has steadily maintained a focused behind the development of its core brands Moskovskaya® Vodka, Rooster Rojo® tequila, Cross Keys Gin®, Riga Black Balsam® and Cosmopolitan Diva®.”
“In 2019, ABG’s investments in the asset base were about EUR 5.5 million,” said Jekaterina Stuģe, ABG CFO and COO. “Based on a comparison of the Group’s financial performance in 2019 versus previous years, new businesses acquired in 2019 contributed 3.5% (EUR 8.5 million) to the total net revenue,” said Jekaterina Stuģe.
“At operating profit level, the Group grew organically 10%. The main driver of our operating profit increase was the improvement of our operations, which we integrated and aligned across the Group, operating consistently at the highest standards to deliver flexible and low-cost production and logistics,” she added.
To read more about ABG extraordinary journey in 2019, see the Annual Report 2019 here.
Amber Beverage Group is a holding company that has grown from its original core production business established in 1900, to become the global company that unites over 2,100 employees in almost 20 companies across four continents. ABG operates internationally from its head office in Luxembourg, through its production and distribution companies in Russia, Mexico, UK, Australia, Austria and the Baltics. It is a leading producer, distributor, logistic provider and retailer of alcoholic beverages.
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