Viva Wine Group AB (OSTO:VIVA)

Q3 2024 Viva Wine Group AB Earnings Call Transcript

Nov 20, 2024 / 10:00 AM GMT

Release Date Price: kr40 (-1.23%)

Transcript

Key Points

Positve

Viva Wine Group AB (OSTO:VIVA) achieved record high market shares in all Nordic markets, reinforcing its position as the market leader in wine.
The company reported a solid organic growth of 5.8% for the group, driven primarily by the Nordics segment.
EBITA margin improved significantly to 9.9%, up from 8.1%, indicating a strong increase in profitability.
The Nordics segment experienced a net sales increase of 7.8% in the quarter, with Sweden being a major contributor to both sales and gross margin growth.
Viva Wine Group AB (OSTO:VIVA) maintained strong gross margins in the ECOM segment despite a challenging market environment.

Negative

The ECOM segment experienced a decline with an organic growth of negative 6% due to weaker consumer sentiment, particularly in Germany.
Networking capital increased compared to last year, attributed to timing effects rather than operational changes.
Despite strong performance in the Nordics, the ECOM segment has not yet reached its growth targets.
The company faces challenges in the ECOM market, with no clear strategy yet to significantly improve growth.
Market dynamics in the Nordics are expected to remain similar in Q4, with no significant changes anticipated.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

VIVA.ST - Viva Wine Group AB
Q3 2024 Viva Wine Group AB Earnings Call
Nov 20, 2024 / 10:00AM GMT

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Presentation
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Unidentified_1 [1]
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Everyone and welcome to our Q3 presentation. My name is Amy Solis and I will together with our Coly present today, this is the agenda for today. And before we go into the quarterly update and financials, I want to start by giving you a short introduction to be the wine group.

Vera Wine group consists of two major segments. The Nordics and ECOM, the Nordics consists of the three monopoly markets, Sweden Finland and Norway, where we are the market leader in wine. This is currently 83% of our net sales. The remaining 17% is our ECOM business based in Germany and serving 11 markets in Europe.

Now let's move on to the quarterly update and performance summary.

First of all, we again reached record high market shares

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