Olvi (OLVAS) Q4 2024 earnings summary

Executive summary

• Achieved ninth consecutive year of growth, with all key business indicators improving year-over-year.

• Advanced strategic priorities in sustainability, data, analytics, and talent development, earning global recognition from TIME and EcoVadis.

• Maintained strong brand relevance and market share in a competitive environment.

• Profitability improved in line with strategic targets, supported by a strong balance sheet and investments.

Financial highlights

• Net sales grew 4.2% to €656.9M, with sales volume up 1.4% to 989.7M litres and adjusted EBIT up 21.3% to €81.4M.

• Earnings per share increased to €2.98; operating margin reached 12.4% of net sales.

• Operating cash flow more than doubled to €58.1M; cash flow from operating activities €86.1M.

• Investments totaled €43.7M, with major projects in Finland and the Baltic Sea region.

• Dividend proposal of €1.30 per share, up from €1.20, totaling €26.9M.

Outlook and guidance

• 2025 adjusted operating result expected at €82–90M.

• Focus on profitable growth, price and selection optimization, and operational efficiency.

• Continued strong performance expected in Belarus, but outlook uncertain due to consumer demand, geopolitical situation, and exchange rates.