Amber Beverage Group Holding announces Group’s results for the first quarter of 2023

May 24, 2023

The unaudited consolidated net revenue of the Amber Beverage Group (hereinafter also - the Group or ABG) for the first three months of the year 2023 reached EUR 74.6 million, an increase of EUR 6 096 thousand (+9%) against the respective period in 2022, that has been reached by opening new markets for ABG brands, general economic situation improvements in Europe and the Baltic states, as well as implemented price increase in all major markets in 2023.

The financial performance has been impacted also by the rapid increase of production costs, the impact from higher costs of energy, resources and salaries comparing to 2022. The Group has continued and will continue to work effortlessly on efficiency improvements – revenue management, sales promotional and demand planning, improvements in customer relationship management, process improvements in production and logistics and other initiatives.

Amber Beverage Group is a rapidly growing global spirits company, whose products are found in millions of households and venues across the globe. ABG produces, bottles, markets, distributes, exports, and retails a comprehensive range of beverages of which it owns more than 100 and is responsible for marketing and distributing 1 400  own and third-party drinks brands, spanning everything from premium vodka and sparkling wines to speciality Mexican tequilas and Irish whiskeys.

Unaudited condensed consolidated financial statements for the three months period in 2023 are available HERE.

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