VIVANasdaq StockholmConsumer StaplesIFRS · SEK

Viva Wine Group

Viva Wine Group is a prominent European wine group that specializes in developing, marketing, and selling a diverse range of quality wines. The company serves a variety of markets including monopoly markets, retailers, restaurants, and consumers across Europe. With a strong entrepreneurial spirit, Viva Wine Group operates through independent subsidiaries, maintaining a leading position in the B2B wine sales in the Nordics and as a top wine distributor in the Netherlands. The company also has a significant presence in the B2C segment through its e-commerce platform.

Revenue5,495m SEK
+30.5 %y/y
Operating profit (EBIT)323m SEK
+22.3 %y/y
EBIT margin5.9%
−0.4 ppy/y
Net income218m SEK
+18.5 %y/y

Fiscal year 2025 · change from previous year

Development 2022–2025

02,0004,0006,0008,000m SEK2022: 3,981 m SEK2022: EBIT 310 m SEK20222023: 1,098 m SEK2023: EBIT 1,101 m SEK20232024: 4,211 m SEK2024: EBIT 264 m SEK20242025: 5,495 m SEK2025: EBIT 323 m SEK2025TTM 2026: 6,637 m SEKTTM6,637
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year

Business

Share of revenue
B2B Wine Sales89 %

Sales to monopoly markets, retailers, and restaurants

B2C E-commerce11 %

Online sales of wine directly to consumers

Customers

Viva Wine Group caters to a diverse set of customers across Europe. In the B2B segment, the company serves Nordic monopolies, retailers, and restaurants, leveraging its strong market position. The B2C segment focuses on individual consumers through its e-commerce platform, offering a wide range of wines tailored to various tastes and preferences. The company has successfully grown its customer base by focusing on market trends and adapting quickly to changing consumer preferences.

Nordic Monopolies

Purchase wines for regulated markets

Retailers and Restaurants

Buy wines for resale and dining experiences

Online Consumers

Purchase wines through e-commerce for personal consumption

Strategy

Viva Wine Group's strategic priorities focus on growth through strategic acquisitions, expanding its market share, and enhancing its product offerings. The company aims to maintain its leadership in the Nordic B2B segment while growing its B2C e-commerce presence. Sustainability is a core component of its strategy, influencing daily operations and long-term planning. The recent listing on Nasdaq Stockholm Main Market is part of its strategy to enhance its financial standing and visibility.

Strategic AcquisitionsMedium term

To expand market presence and diversify offerings

Sustainability InitiativesLong term

To align with consumer preferences and regulatory trends

Geography

Q4/2025

Viva Wine Group has a strong geographic presence in Europe, particularly in the Nordic countries and the Netherlands. The company is the market leader in the Nordic monopoly markets and has a significant distribution network in the Netherlands. Its operations are supported by strategic acquisitions, such as Delta Wines in the Netherlands and Alpha Brands in Norway, which have expanded its reach and market share. The company's headquarters is located in Stockholm, Sweden.

Sweden38 %
Netherlands30 %
Finland8.9 %
Germany8.2 %
Norway6.7 %
Poland3.4 %
Other2.7 %
Czechia2.0 %
Belgium0.2 %

Share of the revenue the company reports by geography.

Risks

Viva Wine Group faces several risks, including currency fluctuations, commodity price changes, and political risks such as excise duty increases. The company is also exposed to financial risks like credit, interest rate, and liquidity risks. Seasonal variations significantly impact sales, with peaks in the second and fourth quarters. The company mitigates these risks through strategic planning and financial hedging practices.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Currency Fluctuations1Excise Duty Increases2
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. Currency FluctuationsImpact: HighLikelihood: High

    Impact on cost of goods sold and profit margins

  2. Excise Duty IncreasesImpact: MediumLikelihood: Low

    Potential to temporarily reduce sales

Accounting

Judgemental items
Seasonal Revenue Recognition

Affects comparability across quarters

Impact: high

IFRS 18 Implementation

Changes presentation of financial statements

Impact: medium

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Viva Wine Group (VIVA) Revenue, Earnings & Financials 2025 – Clarifo