Global producer and distributor of alcoholic beverages, Amber Beverage Group has published robust financial results reaching over EUR 36 million EBITDA (+16% vs last year) and EUR 307 million net revenue (+14%). From brand perspective, the Group has outperformed its expectations towards its tequila brands and has entered the rapidly-growing Irish Whisky category after acquisition of two super-premium whiskey brands.
“Along with careful revenue management, we have reached net revenue of EUR 307 million, which exceeds the 2020 level by 14% and was achieved mainly through organic growth. These results clearly show the ambition, dedication, and great efforts of the whole ABG team numbering around 2,000 women and men in Europe, Australia, the Americas and Asia. I take this opportunity to send on behalf of the management team my gratitude to all our colleagues within Amber Beverage Group,” said Chief Executive Officer of Amber Beverage Group, Jekaterina Stuģe.
“During 2022 we will continue to focus on brand management and bring our Irish Whiskey brands to the next level by using our own route-to-market global network as well as by partnering with importers and distributors in all major markets. We are also about to launch a novelty addition to one of our senior core brands, Riga Black Balsam®, that will be a new turning point in the long and fascinating history of the Riga Black Balsam® dating back to 1752,” said Jekaterina Stuģe.