Alko on Friday reported that its annual revenue rose to 1,162.7 million euros in 2016, despite a drop in the volume of beverages sold.


Alko on Friday announced that its annual revenue has grown in spite of a decrease in sales volume.

On Friday, the state-owned alcohol retail monopoly reported that last year its revenue crept up by 2.8 million euros year-on-year to 1,162.7 million euros, while its sales volume decreased by 500,000 litres to 93.5 million litres – equivalent to 15.7 million litres of pure alcohol.

Hille Korhonen, the chief executive of Alko, interprets the numbers as an indication of the rising quality of alcoholic beverages consumed in Finland.

Alko revealed, for example, that the sales of sparkling wines increased by roughly 3.5 per cent year-on-year to 5.4 million litres, those of rosé wines by 11 per cent to 1.0 million litres and those of non-alcoholic beverages by 27 per cent to 500,000 litres.

The sales of red wines, by contrast, tapered off by some 1.5 per cent year-on-year to 24.5 million litres and those of vodkas by 1.5 per cent to 13.9 million litres.

The decline in sales volume was to some extent slowed down by the web-shop launched by the alcohol retailer in the second half of last year.

“The web-shop has exceeded our expectations,” Korhonen states in a press release. “The web-shop was our largest shop in December, indicating that the demand for its services clearly exists. We will continue to develop the web-shop and its services, and will invite our customers to participate in the development.”

Alko also reported that its operating profit declined by 3.1 million from the previous year to 46.6 million euros in 2016. Its board of directors is consequently proposing a dividend payout of 30 million euros.

Aleksi Teivainen – HT
Photo: Heikki Saukkomaa – Lehtikuva

Finland in the world press

Helsinki Finland Partly Cloudy (day), 12 °C
Current Conditions
Sunrise: 4:20 am   |   Sunset: 10:15 pm
53%     9.8 m/s     34.778 bar
Thu Low: 11 °C High: 16 °C
Fri Low: 11 °C High: 17 °C
Sat Low: 10 °C High: 20 °C
Sun Low: 12 °C High: 20 °C
Mon Low: 10 °C High: 20 °C
Tue Low: 11 °C High: 22 °C
Wed Low: 12 °C High: 23 °C
Thu Low: 11 °C High: 18 °C
Fri Low: 10 °C High: 18 °C
Sat Low: 11 °C High: 22 °C