Ladoga

Performance indicators

2023: Fivefold profit growth to RUB 1.03 billion

In 2023, the revenue of the Ladoga group under RAS reached 20.08 billion rubles, which is 46.4% more than a year earlier. Net profit of one of the largest producers and distributors of alcoholic beverages in Russia increased by more than 5 times and amounted to 1.03 billion rubles. The company disclosed such data in the statements published in March 2024.

According to the CEO of Ladoga Veniamin Grabar, the growth of revenues was facilitated by the strategy of product sovereignty and technological independence, which became the defining strategy for the company in the long term.

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At the end of 2023, Ladoga showed a steady increase in operating performance and an improvement in financial results. This is a natural result of our well-chosen long-term strategy, which is based on product sovereignty and technological independence, he said.

According to Interfax, citing materials from Ladoga, the company's EBITDA in 2023 tripled compared to 2022 - to 2.15 billion rubles. EBITDA margin reached 10.8%, and operating profit - 2.07 billion rubles (an increase of 3.3 times compared to 2022).

By the end of 2023, Ladoga's net debt amounted to 3.1 billion rubles, which is almost twice as much as a year ago. In 2023, shipments of alcoholic beverages of Ladoga brands increased by 52% and amounted to 4 million decaliters. Sales of the import portfolio added 25% and for the first time in the history of the company exceeded 1 million decaliters. The total supply of alcohol, including under distribution contracts, in 2023 increased by 46%, to 5.2 million decaliters.

In addition, it is reported that Ladoga Wine's chain of its own retail stores in 2023 increased total sales by 26%, reaching 70 stores by the end of 2023.^[1]

History

2024: Purchase of Tula Distillery

On April 3, 2024, it became known that the Ladoga group, which is one of the largest importers and producers of alcoholic beverages in Russia, entered into an agreement on the purchase of the Tula Distillery 1911. There is no information on the estimated amount of the transaction as of the specified date. Read more here.

2023: Launch of own-brand whiskey begins

In February 2023, Ladoga Group, a major Russian producer and distributor of alcoholic beverages, began producing whiskey from Irish distillate under its own brand at a plant in St. Petersburg.

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