Olvi

Latest Olvi news:                             

Olvi Group’s performance continued to develop strongly throughout 2009 ”Olvi Group’s performance in 2009 was strong. Our profitability improved substantially in Finland, while the Group companies in the Baltic states showed only a slight decline on the previous year in spite of the difficult economic situation in those countries. OAO Lidskoe Pivo operating in Belarus enhanced Olvi Group’s profit-making ability by providing a good platform for growth and consumer potential. Our overall market position remained strong,” says Lasse Aho, Managing Director of Olvi p lc.

Olvi Group´s Financial Statements  (106.0 kB)

• The Group’s sales volume increased by 22.9 percent to 419 (341) million litres
• The Group’s net sales increased by 9.9 percent to 244.2 (222.1) million euro
• The Group’s operating profit improved on the previous year by 58.9 percent,
  ending up at 27.8 (17.5) million euro The operating profit includes 3.2 million
  euro of non-recurring income from OAO Lidskoe Pivo.
• The parent company Olvi plc’s operating profit improved substantially
• The business in Belarus has been profitable and the takeover has progressed according to plan - Operating profit in the Baltic states declined slightly
  

• Sales grew by 19.8 percent to 93 (78) million litres
• Net sales increased by 1.0 million euro to 52.5 (51.5) million euro
• The Group’s operating profit increased by 2.2 million euro to 3.2 (1.0) million 
   euro.