Olvi Oyj A

Olvi plc announced its schedule for financial reports in 2025. The company will release its financial statements bulletin on 11 February 2025 and the Annual Report on 21 March 2025, which will include the Board of Directors’ Report, Financial Statements, and Auditors’ Report for the year 2024. Interim reports for 2025 will be issued on 23 April, 13 August, and 22 October. The Annual General Meeting is scheduled for 16 April 2025, with a notice to convene planned for 21 March 2025. Shareholders wishing to propose matters for the AGM must submit them by 31 January 2025. Financial reports will be released at 9:00 am Finnish time, and the company will observe a 30-day quiet period before announcements. Contact information for CEO Patrik Lundell and CFO & CIO Tiina-Liisa Liukkonen is provided, along with distribution details to Nasdaq Helsinki Ltd and main media.

Olvi Group's interim report for January to September 2024 shows improved profitability, aligning with targets. The adjusted operating result for the year is expected to be between EUR 78–84 million, up from the previous estimate of EUR 74–80 million. Key figures indicate a sales volume increase of 3.2% in Q3 2024 and a 2.8% rise in net sales for the first nine months compared to the previous year. Gross profit and adjusted operating results also saw significant improvements. The CEO, Patrik Lundell, attributes these gains to strategic focus on people, profitability, and data, alongside operational efficiency and price optimization. Despite weak consumer purchasing power, Olvi maintained strong market shares and improved profitability, supported by strong brands. The Group is exploring both organic and inorganic growth opportunities. Segment-specific developments show varied performance, with Finnish operations recovering profitability and Belarus experiencing market growth. Investments in the period amounted to EUR 27 million, focusing on environmental sustainability and operational efficiency. The geopolitical situation, particularly the war in Ukraine, continues to pose business risks, affecting material costs and consumer behavior. Olvi's financial position remains strong, with no net debt and good investment capacity. The Group is actively managing risks related to cybersecurity and sustainability, preparing for regulatory changes, and ensuring business continuity. No significant events occurred after the review period.

Olvi plc has issued a positive profit warning, estimating its adjusted operating result for 2024 to be between EUR 78–84 million, an increase from the previous estimate of EUR 74–80 million made in August. This improvement is attributed to measures taken to enhance profitability. However, uncertainties remain due to intensified competition, particularly in the Baltics, and fluctuations in the Belarus exchange rate. The company plans to discuss its financial development further in its Q3 interim report.

Olvi Group's half-year report for January–June 2024 highlights an improvement in profitability as planned. The adjusted operating result for the financial year is expected to be EUR 74–80 million, up from the previous estimate of EUR 71–80 million. Key financial figures show a slight decrease in sales volume and net sales, but an increase in gross profit and adjusted operating result. The CEO, Patrik Lundell, emphasized the company's strategy for profitable growth and sustainability. The report details financial performance across different segments: Finland saw a 2.9% increase in net sales but a 4.1% decrease in sales volume, while the Baltic Sea region experienced declines in both sales volume and net sales. Belarus showed a 4.3% increase in sales volume, but net sales remained stable due to currency exchange rates. Overall, Olvi Group's profitability improved due to a slowdown in raw material cost increases and targeted price adjustments. The company also reported strong financial health with a solid balance sheet, no net debt, and continued investments in expansion and sustainability. The report concludes with no significant events after the review period and a webcast scheduled for further discussion.

Olvi plc announced that its Board of Directors has decided to transfer 528 Series A treasury shares to a key employee as part of the Performance Share Plans for 2022–2024 and 2023–2025, following the retirement of a key person. This decision was made under the authorization granted by the General Meeting of Shareholders on 26 March 2024. After the transfer, Olvi plc holds 21,714 treasury shares. Further information can be obtained from CEO Patrik Lundell.

Olvi plc announced that Akkel Peep, a senior manager, has received a share-based incentive. The transaction, which occurred outside a trading venue on April 16, 2024, involved 350 shares with an average price of 0 EUR. The announcement was distributed via NASDAQ Helsinki Ltd and main media outlets.

Olvi plc has transferred 6,050 of its Series A treasury shares to key employees as part of its Performance Share Plan 2021-2023. This move, authorized at the company's General Meeting of Shareholders on 26 March 2024, is designed to reward employees based on performance. Following the transfer, Olvi plc retains 22,642 treasury shares.