Olvi Oyj
LSE:0FHS
Olvi Oyj
Olvi Oyj engages as a beverage manufacturing company, which produces and sells drinks such as beers, ciders, long drinks, soft drinks, snack drinks, energy drinks, juices, and water. The company is headquartered in Iisalmi, Ita-Suomen and currently employs 1,393 full-time employees. The firm specializes in the development, manufacture and marketing of beers, ciders, kvass, long drinks, soft drinks, juices, snack drink, mineral waters and energy drinks. Its beverage portfolio comprises a range of brands: OLVI, Sandels, A. le Coq, FIZZ, Sherwood, Sven Tuuva, Tuntematonsotilas, Balanssi, TEHO, KevytOlo, Olvi Vichy, Angry Birds, Hello Kitty, and HeviSaurus, among others. The company is present in Finland, Estonia, Latvia, Lithuania and Belarus. Furthermore, the Company operates through a number of direct and indirect subsidiaries, such as AS A Le Coq, OAO Lidskoe Pivo, AB Volfas Engelman, A/S Cesu Alus, AS Karme and Verska Mineraalvee OU.
Olvi Oyj engages as a beverage manufacturing company, which produces and sells drinks such as beers, ciders, long drinks, soft drinks, snack drinks, energy drinks, juices, and water. The company is headquartered in Iisalmi, Ita-Suomen and currently employs 1,393 full-time employees. The firm specializes in the development, manufacture and marketing of beers, ciders, kvass, long drinks, soft drinks, juices, snack drink, mineral waters and energy drinks. Its beverage portfolio comprises a range of brands: OLVI, Sandels, A. le Coq, FIZZ, Sherwood, Sven Tuuva, Tuntematonsotilas, Balanssi, TEHO, KevytOlo, Olvi Vichy, Angry Birds, Hello Kitty, and HeviSaurus, among others. The company is present in Finland, Estonia, Latvia, Lithuania and Belarus. Furthermore, the Company operates through a number of direct and indirect subsidiaries, such as AS A Le Coq, OAO Lidskoe Pivo, AB Volfas Engelman, A/S Cesu Alus, AS Karme and Verska Mineraalvee OU.
Profit Guidance: Full-year profit guidance is unchanged, with profit expected between EUR 82 million and EUR 90 million.
Segment Performance: Profitability in Finland improved nearly 20% due to higher average sales prices and better production efficiency, despite a 5.7% volume decline.
Baltic & Denmark Challenges: The largest profitability and volume declines were in Denmark, driven by discontinued unprofitable products and higher seasonal costs. Baltics also saw weak demand due to excise increases and tough competition.
Belarus Operations: Volumes and sales in Belarus grew, but dividend distribution is restricted by regulation through at least year-end 2024.
Investments: Q1 investments totaled EUR 11 million, with the majority in Finland. This year is expected to be the busiest for investment, as part of a total EUR 45 million multi-year plan.
Market Share: Despite weak demand and volume declines, the company maintained or grew market share in key categories and geographies.
Competition & Pricing: The retail environment remains highly competitive and price-driven, but the company is managing mix and sustaining share.
