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Amber Beverage reports ‘resilient’ full-year sales 26th May, 2021 by Nicola Carruthers
Luxembourg-based Amber Beverage Group saw organic sales increase 11% last year, boosted by its strong presence in the Baltics.
Moskovskaya Vodka-based hard seltzers launched in January 2021
Amber Beverage Group (ABG), producer of brands such as Rooster Rojo Tequila and Moskovskaya vodka, confirmed its net revenue reached €268.7 million (US$347.1m) in 2020. However, volumes dropped 8.4% last year due to the pandemic.
Organic operating profit for the full year rose by 21% to €21.9m (US$26.8m).
Earnings before interest, taxes, depreciation and amortisation (EBITDA) reached €31.2m (US$38.2m) in 2020, up 13%.
ABG said its presence in core markets had been “strengthened” in 2020. According to Nielsen data cited by ABG, the company holds the number one position in the distribution of beverages in Latvia, a top five position in Estonia, and the number one and number two spots in main
Amber Beverage rebrands Cellar Trends 21st May, 2021 by Kate Malczewski
Luxembourg-based Amber Beverage Group has changed the name of its distributor Cellar Trends to Amber Beverage UK.
Cellar Trends was acquired by Amber Beverage Group in 2019
The rebrand is part of the global renaming of Amber Beverage Group’s distribution companies, and marks a wider shift for the company formerly known as Cellar Trends.
Earlier this year, the UK distributor appointed Douglas Cunningham as its CEO. Cunningham – also the CEO of Indie Brands, which was acquired by Amber Beverage Group in January 2020 – has been tasked with “aligning the company to the wider Amber Beverage Group companies across the world” and growing its portfolio.
Amber Beverage Group renames distribution firms thespiritsbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thespiritsbusiness.com Daily Mail and Mail on Sunday newspapers.