Q4 2024 Olvi Oyj Earnings Call Transcript
Key Points
- Olvi Oyj (FRA:OVI) achieved recognition as one of the top 500 most sustainable growth companies globally by Time magazine and as one of the top 5 best performing sustainable companies by Ecobodies.
- The company reported a 66% improvement in profitability in Finland, driven by positive volume growth in non-alcoholic categories and increased average prices.
- Olvi Oyj (FRA:OVI) delivered its ninth consecutive year of growth, with significant contributions from strategic investments in data, analytics, and process improvements.
- The company successfully increased its operating margin above 12%, achieving its strategic target and returning profitability closer to pre-crisis levels.
- Olvi Oyj (FRA:OVI) proposed a dividend of €1.3 per share, reflecting improved profitability and a strong financial position with an equity ratio over 60%.
- The Baltic Sea region experienced flat volume growth, with declines in Denmark due to portfolio changes and intensified price competition in Latvia.
- In Belarus, despite higher EBIT, profitability was slightly lower due to increased costs of goods sold and higher fixed costs in sales and logistics.
- The Danish market remains challenging, with Olvi Oyj (FRA:OVI) losing unhealthy volume and facing difficulties in increasing sales.
- The company faces risks related to exchange rate fluctuations, particularly in Belarus, where currency positions are difficult to secure.
- Olvi Oyj (FRA:OVI) is navigating a competitive market environment in Denmark, requiring a focus on promoting local propositions and leveraging production for broader group benefits.
Welcome. It's a pleasure to welcome you here. For our session today to go through the Q4 and full year results of 2024.
Before we start, the usual disclaimer. We will be referring to to our future estimates. So therefore there's certain uncertainties associated with that. So we can't of course promise that everything will go according to plan, but we promise to do our best.
Some of you have met us before. For those who haven't, Tiina -Liisa Liukkonen our CFO and CEO and myself Patrik Lundell, have the pleasure of hosting you.
I have the pleasure of starting and I wanted to really pause on the year of 2024. And bring up some of the highlights. So we're particularly proud about the progress that we've made. We've taken solid steps forward on a strategic journey.
And we've delivered results across all our key measures. None of this could have of course been achieved without the great teams across the respective markets. The broad portfolio is proving resilient. It's been able
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