ALTIA — Earnings Release 2018

Dec 14, 2018

Altia lowers its guidance for 2018

Altia lowers its guidance for 2018

Altia Plc Stock Exchange Release 14 December 2018 5:00 pm EET

Altia lowers its guidance for 2018

Altia lowers its earlier guidance for the comparable EBITDA in 2018. Altia
estimates that its comparable EBITDA is expected to be below last year’s level.

Underlying sales is developing according to expectations. However, the earlier
reported challenging operating environment has put some additional pressure on
Altia’s fourth quarter and impacted profitability more than anticipated.

Additionally, based on a preliminary outcome of a tax audit in Finland Altia is
making a provision of EUR 0.5 million on excise tax class revision of two
products. Altia is considering measures to contest the outcome.

To improve profitability, Altia has decided to take steps with further price
adjustments on top of ongoing revenue management at the beginning of the year in
consumer products according to the pricing windows in the monopolies. Further,
Altia has already initiated measures to improve cost efficiency.

Updated guidance for 2018:

The comparable EBITDA for 2018 is expected to be below last year’s level.

The comparable EBITDA for 2017 was EUR 42.4 million.

Earlier guidance from 23 February 2018:

The Group’s comparable EBITDA is expected to improve or be at the 2017 level.

Next financial report:

Altia publishes its financial statements bulletin for 2018 on 7 February 2019.
The silent period preceding the publication of the financial statements bulletin
begins on 9 January 2019.

ALTIA PLC

Pekka Tennilä

Further information:

Pekka Tennilä, CEO

Contacts:

Analysts and investors: Tua Stenius-Örnhjelm, Investor Relations, tel. +358 40
748 8864

Media: Petra Gräsbeck, Corporate Communications, tel. +358 40 767 0867

Distribution:

Nasdaq Helsinki Ltd

Principal media

www.altiagroup.com
Altia is a leading Nordic alcoholic beverage company operating in the wines and
spirits markets in the Nordic countries, Estonia and Latvia. Altia produces,
imports, markets, sells and distributes both own and partner brand beverages.
The Company also has production in Cognac, France. Further, Altia exports
alcoholic beverages to approximately 30 countries, most of which are in Europe,
Asia and North America. Altia’s own core brands are Koskenkorva, Chill Out,
Blossa, Larsen, O.P. Anderson, Renault, Xanté and Valhalla. Altia’s net sales in
2017 were EUR 359.0 million and the Company employs about 700 professionals.
Altia wants to enhance a modern, responsible Nordic drinking culture.
www.altiagroup.com.