Olvi (OLVAS) Q4 2025 earnings summary

Executive summary

• Achieved strong and sustainable growth for the 10th consecutive year, with expanding margins, resilient brand performance, and recognition by Time Magazine for sustainability.

• Completed four acquisitions, entering new markets in Latvia, Bosnia and Herzegovina, Estonia, Norway, and Sweden, reaching 26 million new consumers.

• Continued investment in people, maintaining a high People Power Index rating.

Financial highlights

• FY 2025 net sales grew 1.3% to €665.3 million, with Q4 net sales up 2.9% to €151.1 million; sales volume declined 2.0% to 970.1 million litres.

• Adjusted EBIT for FY 2025 reached €81.8 million, up 0.5% year-over-year; Q4 EBIT rose 72.5% to €16.1 million.

• Earnings per share increased to €3.09, with profit for the period at €64.8 million.

• Gross profit increased to 41.7% of net sales, up 4.1%.

• Investments totaled €51.8 million, up 18.6% year-over-year.

Outlook and guidance

• 2026 operating result/EBIT guidance set at €84–92 million, with integration costs from new acquisitions expected to limit short-term impact.

• Synergies from acquisitions anticipated mainly from 2027 and beyond.

• Focus areas for 2026 include organic growth in non-alcoholic beverages, brand expansion, and efficiency improvements.