OLVASNasdaq HelsinkiBeverages - BrewersIFRS · EUR

Olvi Oyj

Olvi is a Finnish beverage company that produces and markets a wide range of alcoholic and non-alcoholic drinks. The company operates primarily in Finland, the Baltic Sea region, and Belarus, with a strong presence in the hotel, restaurant, and retail sectors. Olvi is known for its diverse product portfolio, which includes beers, ciders, soft drinks, and energy drinks. The company is actively expanding its non-alcoholic product range and has made strategic acquisitions to enhance its market position.

Revenue665m EUR
+1.3 %y/y
Operating profit (EBIT)81.8m EUR
+0.5 %y/y
EBIT margin12.3%
−0.1 ppy/y
Net income64.8m EUR
+3.8 %y/y
Free cash flow27.1m EUR
−43.7 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

0200400600800m EUR2021: 462 m EUR2021: EBIT 59 m EUR20212022: 584 m EUR2022: EBIT 22 m EUR20222023: 631 m EUR2023: EBIT 55 m EUR20232024: 657 m EUR2024: EBIT 81 m EUR20242025: 665 m EUR2025: EBIT 82 m EUR2025TTM 2026: EBIT 75 m EURTTM75
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year

Business

Share of revenue
Alcoholic Beverages55 %

Includes beers and ciders

Non-Alcoholic Beverages45 %

Includes soft drinks, energy drinks, and water

Customers

Olvi's customer base includes retail consumers, hotels, restaurants, and cafes (HoReCa), as well as cross-border and harbor sales. The company caters to a wide range of consumer preferences with its diverse product portfolio. Retail consumers are drawn to Olvi's well-known brands and the quality of its beverages. The HoReCa sector values Olvi for its reliable supply chain and ability to meet varying demand levels, especially during peak seasons. Cross-border and harbor sales benefit from Olvi's strategic geographic locations, enhancing accessibility and convenience for international customers.

Retail Consumers

Purchase for personal consumption, attracted by brand and quality

HoReCa

Buys for service industry needs, values reliability and variety

Cross-Border Sales

International customers seeking convenience and accessibility

Strategy

Olvi's strategic priorities include expanding its non-alcoholic product range and enhancing operational efficiency. The company is focused on maintaining and growing its market shares across all product categories. Strategic acquisitions, such as the purchase of Estonia's leading mineral water manufacturer, are key to Olvi's growth strategy. The company is also investing in sustainable practices to align with EU regulations and improve its environmental footprint. Olvi aims to balance growth with profitability by optimizing its product portfolio and improving cost management.

Expand non-alcoholic product rangeMedium term

To capture growing consumer demand

Improve operational efficiencyShort term

To enhance profitability

Geography

Olvi operates predominantly in Finland, the Baltic Sea region, and Belarus, with a growing presence in the Balkans and Mediterranean through strategic acquisitions. The company's headquarters are in Finland, where it also has significant production facilities. The Baltic Sea region is a key market due to its proximity and cultural ties. Belarus provides a unique market with its own operational challenges and opportunities. Olvi's geographic strategy involves expanding its footprint in Europe while maintaining strong market positions in its core regions.

Risks

Olvi faces several risks, including geopolitical tensions affecting raw material prices and availability, particularly in Belarus. Consumer behavior changes, driven by economic uncertainty and high prices, pose a risk to sales volumes. The company is also exposed to regulatory changes, such as the EU Packaging and Packaging Waste Regulation, which may increase operational costs. Additionally, cybersecurity threats are a growing concern due to the global geopolitical situation. Olvi mitigates these risks through strategic planning, operational efficiency, and a strong focus on sustainability.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Geopolitical tensions1Regulatory changes2
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Geopolitical tensionsImpact: HighLikelihood: Medium

    Affect raw material prices and availability

  2. Regulatory changesImpact: MediumLikelihood: Medium

    Increase operational costs

Accounting

Judgemental items
Seasonal fluctuations

Affect revenue and operating results

Adjusted operating results

Provide clearer period comparison

Depreciation and impairment

Due to substantial investments

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Olvi Oyj (OLVAS) Revenue, Earnings & Financials 2025 – Clarifo