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The unaudited consolidated net revenue of the Amber Beverage Group (hereinafter also - the Group or ABG) for the first nine months of the year 2023 reached EUR 244.8 million, reflecting a 3.1% decrease from the same period in 2022. This decline is primarily attributed to reduced production volumes for private label customers and an economic slowdown in the Group’s key markets, leading to stock reductions across various channels amid industry-wide inventory adjustments.
Furthermore, the Group’s financial performance was impacted by the rapid increase in production costs in the second part of 2022, including higher costs of energy, resources, and salaries compared to the first nine months of 2022. Despite these challenges, ABG remains committed to efficiency improvements in revenue management, sales promotion, and demand planning, as well as non-stop process improvements in production and logistics.
The ABG management team consistently maintains the focus on the Group’s strategic priorities: ensuring the continued development of ABG core brand recognition and opening new markets, as well as being the preferred distribution partner for third-party brand owners.
Unaudited condensed consolidated financial statements for the nine-month period in 2023 are available HERE.
Paziņojums latviešu valodā ir pieejams ŠEIT.