In 2019, Amber Beverage Group delivered outstanding financial results: EUR 272 million of net revenues (+12% vs 2018) and allowed us to hit the EUR 30.2 million EBITDA milestone (+7.7% vs 2018) showing that our core strategy is working and with the right focus and team we can continue to deliver the #ExtraordinaryEveryday. 2019 was, therefore, a very busy year not only for acquisitions, but also as we ensured the successful consolidation of our previous M&A activities.
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 the local markets 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®.
ABG also invested in next level IT solutions like Robotics using Kryon systems and optical character recognition technologies in the Group’s shared service centre. It is a required next step in development that will help to robotize all standard routine works and free up employee time for intelligence analysis.