The unaudited net revenue of the Amber Beverage Group Holding S.à r.l. (hereinafter also - the Group or ABG) in 2024 reached EUR 237 million, a decrease of EUR 64 million (-21%) against the  2023, which is mainly caused by a decrease in production volume for private label customers,  economic slowdown in some major markets, such as Latvia and UK, core brand pricing and marketing transformation. Despite this decrease in sales by focusing on pricing and marketing transformation ABG management has procured that gross profit has reduced only for 8%, in 2024 amounting to EUR 73 million, vs. EUR 79 million in 2023.

Group’s profit is negatively affected by expenses of de-recognition of Amber Talvis AO following the order by District Court of Tambov Region of Russian Federation according to which the shares of the Amber Talvis AO owned by Amber Beverage Group Holding S.a r.l. are to be transferred for the favour of the Russian Federation. Open balances between the Group and Amber Talvis AO as of 31.12.2024 are written-off through profit and loss.

Despite the challenges faced, ABG remains committed to efficiency improvements in revenue management, brand-building, 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 equity and being the preferred distribution partner for third-party brand owners, as well as maintaining collaborative relationships with Group’s key stakeholders.

The Group is committed to secure a well-leveraged capital structure to support the growth of the business. During the reporting period, ABG agreed with it`s major financial creditors on the repayment term prolongation, which to provide additional time for the Company to seek for refinance options and/or to pay back the loans by sale/outsourcing of it`s none-core assets as part of the divestment plan. As part of the transformation process ABG has started the initiative to improve it`s corporate governance and structuring in preparation to possible public listing.