The Luxembourg-based drinks group achieved a net revenue of €268.7m.
“Despite the pandemic, we have managed to exceed the EUR 30 million EBITDA. The financial performance, as always, was the result of the daily dedication and resilience of our teams and I’m thankful to all employees in more than 20 companies from production all the way through to retail,” said Jekaterina Stuģe, chief executive, Amber Beverage Group.
“The growth of ABG has always been driven both by organic growth in our key markets and by the addition of new business opportunities. I’m really happy to see that despite the challenges in the industry ABG’s position in our core markets has strengthened in 2020.”
Core brand Moskovskaya vodka performed well, expanding into the emerging hard seltzer category, the Russian vodka brand is set to surpass 1 million 9L cases in the next five years.
Last year, ABG added KAH Tequila to their portfolio, and following a launch in the USA sold over 3,100 9L cases in Q4.