Q1 2025 Viva Wine Group AB Earnings Call Transcript
Key Points
- Viva Wine Group AB (OSTO:VIVA) reported increased market shares in the Nordics for the 14th consecutive quarter.
- The company achieved a strengthened gross margin, increasing by over 2 percentage points to 21.2%.
- Viva Wine Group AB (OSTO:VIVA) successfully acquired Delta Wines, expanding its market presence into four new European countries.
- The acquisition of Delta Wines is expected to be accretive to earnings per share from day one.
- The company maintains a strong cost control and efficient cost base, particularly in its e-commerce segment.
- Net sales declined by 1% due to the timing of Easter, with organic growth slightly negative at 0.9%.
- Adjusted EBITDA decreased to 5.5% from 6.3% in the previous year, impacted by lower sales and increased operating expenses.
- Consumer sentiment, especially in Germany, remains low, affecting e-commerce performance.
- The acquisition of Delta Wines introduces a lower gross margin compared to the Nordic market due to its open market structure.
- Operating expenses have increased, driven by strategic investments in marketing and organizational professionalization.
All the participants will be in listen-only mode. During the questions and answer session, participants are able to ask questions by dialing und key 5 on their telephone keypad. Now I will hand the conference over to the speakers. Please go ahead.
Good morning, everyone and welcome to our Q1 2025 presentation. My name is Emil Sallnas, and I will together with our CFO Linn Gafvert present today. This is the agenda for today. Due to our acquisition of Delta wines, which was communicated earlier today, the format will be slightly different. We will start with our customary Q1 presentation before moving on to a presentation of Delta wines and then ending with some final remarks and the Q&A. So now let's move on to the Q1 update and our performance summary. In the quarter, we continue to report increased market shares in the Nordics, which extends our streak to 14 straight quarters of increased market shares in the Nordics, a great achievement by our Nordic companies.
Net sales were
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