Q3 2025 Olvi Oyj Earnings Call Transcript
Key Points
- Olvi Oyj (FRA:OVI) maintained and even grew its market share in several categories despite challenging market conditions.
- The company expanded its margins through strategic portfolio management and innovation.
- Olvi Oyj (FRA:OVI) is pursuing growth through acquisitions, with three companies being brought on board, expanding its market reach.
- The company reported strong performance in Finland, particularly in non-alcoholic categories, supported by improved delivery accuracy and strategic investments.
- Olvi Oyj (FRA:OVI) has a strong financial position, allowing it to finance acquisitions through operating cash flow and short-term finance instruments.
- Overall profitability measured by EBIT declined by almost 10% due to decreased volumes, higher logistic costs, and increased sales and marketing expenses.
- The Baltic Sea region faced intense price competition and decreased sales volumes, impacting profitability significantly.
- Logistic costs have increased, particularly affecting the Baltic and Belarus regions, due to external warehousing needs and inflation.
- The company experienced a decline in profitability in Latvia and Lithuania due to intensified price competition and higher investments in brand visibility.
- Olvi Oyj (FRA:OVI) faces uncertainty in new markets, such as Bosnia and Herzegovina, which could pose risks despite growth opportunities.
Welcome back. Welcome to our 3rd Quarter Interim Report. Thank you, to those who are joining us here in the studio and all of you online. Before we get to the actual contents, let's remind ourselves of the disclaimer and the fact that we'll be referring to future events which always include a certain level of uncertainty. Most of you would know us by now, and by means of introduction, I'm joined here by Tiina-Liisa Liukkonen, our Chief Finance and Information Officer, and then myself, Patrik Lundell, the CEO.
Let's get to it. So, the 3rd Quarter results are in and we're in for the final stretch of 2025. The market has been softer than anticipated throughout the summer period. Consumer confidence and spending remain under pressure, all of which is visible in our results. Despite this challenging operating environment, we've been able to keep our shares. We haven't lost our strong market shares. Quite on the contrary, we've even been able to gain some shares in many pockets across our business. Additionally, we've been able to expand our margins.
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