2019 was a phenomenal year for Amvyx. Building upon an already successful 2018, the annual turnover (Special Consumption Tax included) showed another year of growth, reaching €125,630,000 – i.e., increased by 3.3% compared to 2018. The annual profit before tax was €5,834,000, increased by 19% compared to 2018.
It should be mentioned that, over the 5-year period from 2014 to 2019, Amvyx has seen its market share more than double, soaring from 10.7% to 26.2%, which signifies growth by +145%.
The company ran an impressive course, both in 2019 and over the past five years, which is also visible in its exemplary balance sheet. Practically no loans have been taken out, while 63.5% of the overall obligations are covered by equities – a percentage that portrays a financially healthy company with a safe position in the market.
Amvyx Managing Director Yannis Artinos was asked to comment on the current year. “Based on the data for the first 8 months, we are doing better in 2020 than the rest of the market, since our market share has reached an all-time high of 29.2% – i.e., increased by 3.1% compared to the same period in 2019. Our sales are 10.4% higher than those of our competitors.
It is important to mention that, since the very beginning of the corona pandemic, Amvyx has operated uninterrupted, with a strong focus on our employees and partners. No employee has been made redundant, while payments have been timely and without any cutbacks, bonuses and benefits included. The staff bonus – and an all-time high at that – was also paid as usual. Last, we have met every single obligation towards our partners in a timely manner, choosing not to make use of the legal provisions allowing us to extend our cheque due dates.
In the first 8 months of 2020, the overall consumption of alcoholic beverages has seen a drop of 35% compared to the same period last year, and the situation is expected to remain unchanged till the end of the year. This is, without a doubt, a serious and unprecedented challenge. At the same time, though, we feel this is also a tremendous opportunity. An opportunity to develop new operating strategies, hone new skills, and come out of this even stronger, more flexible, ready to peak even higher.”
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