Amber Beverage Group Reports Positive Full-Year Results
· Net revenue reaches EUR 307 million (+14%)
· Additional EUR 37 million net revenue generated by organic growth
· EBITDA reaches EUR 36 million (+16%)
· Operating profit reaches EUR 26.7 million (+22%)
· KAH® Tequila volume growth by 35%
· Acquisition of The Irishman® and Writers' Tears® - premium Irish Whiskey brands
· 73% volume growth in international markets
Global producer and distributor of alcoholic beverages, Amber Beverage Group (ABG) has published strong financial results as it continues its global growth, reaching over EUR 36 million EBITDA (+16% vs last year) and EUR 307 million net revenue (+14%). From a brand perspective, the Group has outperformed its expectations with regard to its tequila brands and has entered the rapidly-growing Irish Whiskey category with the acquisition of two super-premium whiskey brands.
Chief Executive Officer of Amber Beverage Group, Jekaterina Stuģe
"Acknowledging the change in consumer preferences, new market trends, and keeping in mind our ambition of becoming one of the Top 10 global spirits industry players, at the beginning of 2021 we developed a strategy named Sirius25. The strategic plan was so named because Sirius is one of the brightest stars in the night sky. Sirius25 defines the framework of our approach for ABG's brand building in domestic and international markets, outstanding management of third-party brands, and excellence in production processes," said Chief Executive Officer of Amber Beverage Group, Jekaterina Stuģe.
"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 show the ambition, dedication, and great efforts of the ABG team working in Europe, Australia, the Americas, and Asia. On behalf of the management team I take this opportunity to send my gratitude to all our colleagues within Amber Beverage Group," said Jekaterina Stuģe.
2021 was outstanding for our tequila brands, Rooster Rojo® Tequila and KAH® Tequila. With a clear and refreshed brand strategy for each, both have gained significant market attention in the USA (the key tequila market in the world), Australia, and Europe.
In November 2021, ABG acquired Walsh Whiskey in Ireland, the parent company of Irish Whiskey brands, The Irishman® and Writers' Tears®, and so attained a long-awaiting ambition to enter this category. Irish Whiskey as a separate category has shown excellent results and both The Irishman® and Writers' Tears® are well crafted, premium brands bringing exciting additions to ABG's core brand portfolio which also includes Moskovskaya® Vodka, Rooster Rojo® Tequila, KAH® Tequila, Riga Black Balsam®, Cosmopolitan Diva®, and Cross Keys Gin®.
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 this heritage brand, which dates back to 1752," said Jekaterina Stuģe.
The recently published ABG Annual Report for 2021 can be found here.
Amber Beverage Group is a rapidly growing global spirits company, whose products are found in millions of households and venues across the globe. The Group 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 1,300 third-party drinks brands, spanning everything from premium vodka and sparkling wines to speciality Mexican tequilas and Irish Whiskeys.
The company has grown from its original core production business established in 1900, to a global spirits industry player that unites around 2,050 employees in companies based in the Baltic States, Austria, Australia, Germany, Ireland, Mexico, and the United Kingdom.