Core Insights - Anora aims to "cut complexity" and focus on "core brands" to achieve faster growth than the market [1][3] - The company has set mid-term targets to increase organic sales at a rate exceeding the wider market [2] Financial Targets - Anora's new targets include a 6-7% annual increase in "comparable EBITDA," aiming for €85-90 million ($97.6-103.3 million) by the end of 2028 [4] - The company plans to achieve approximately €20 million in gross EBITDA savings during 2025 and 2026 through improved procurement, organizational streamlining, and operational efficiency [4] Strategic Initiatives - Recent job cuts are part of Anora's strategy to enhance profitability and efficiency, following previous layoffs in 2024 [5] - The company will implement "structural initiatives" to improve profits and competitiveness, including supply chain optimization and portfolio adjustments, potentially unlocking an additional €20 million in EBITDA by 2028 [5] Growth Opportunities - Anora believes it can increase EBITDA by an additional €10 million through growth in core brands, selective new channels, and disciplined international expansion [6] - The company recognizes the need to expand its range of low and no-alcoholic beverages, invest in innovations, and shift towards sustainable packaging solutions [6]

Core Viewpoint - Anora, a Nordic wine and spirits supplier, is planning job cuts to enhance profitability and efficiency, with discussions set to begin in October 2025 [1][3]. Group 1: Job Cuts and Restructuring - Anora is expected to eliminate 70 to 80 jobs in 2025 as part of its restructuring efforts [2]. - The company aims to reduce personnel costs by approximately €7 million ($8.2 million) [2]. - The upcoming negotiations will involve around 500 employees across various positions [3]. Group 2: Financial Performance - In 2024, Anora's net sales decreased by 4.7% to €692 million ($819.2 million) [3]. - EBITDA fell by 9.2% to €61.3 million, but the company reported an operating profit of €34.5 million, a recovery from an operating loss of €31.3 million in 2023 [4]. - The net result for the year was €11.1 million, compared to a loss of €39.9 million the previous year [4]. Group 3: Market Conditions - In the first half of the current year, Anora's net sales fell by 5.3% year-on-year to €306.8 million [4]. - The operating profit for this period was €8.8 million, slightly down from €9.2 million in the first half of 2024 [4]. - The European beverage industry faced challenges in the second quarter due to shifts in consumer trends and adverse weather conditions [5].