Finland's Olvi Q3 sales and profit miss estimates on soft demand

By Reuters News


Overview

  • Finland beverage producer's Q3 sales volume and net sales rose, but both missed analyst expectations

  • Q3 operating result grew 2.1% yr/yr, missing analyst expectations

  • Company cut 2026 operating result outlook due to cost pressures and weak Rest of Europe earnings


Outlook

  • Olvi lowers 2026 operating result outlook to EUR 80-85 mln from EUR 84-90 mln

  • Company cites weaker-than-expected earnings in Rest of Europe and ongoing cost pressures for outlook cut

  • Olvi expects market conditions and cost pressures to remain unchanged for the rest of 2026


Result Drivers

  • ACQUISITIONS - Co said Q3 sales volume and net sales growth were mainly driven by acquisitions completed during the year

  • SOFT DEMAND - Co said weak consumer demand, especially in Finland, weighed on Q3 results

  • COST PRESSURES - Co cited ongoing cost pressures from geopolitical tensions, especially affecting packaging, raw materials and transportation


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

Miss

EUR 209.20 mln

EUR 211.93 mln (3 Analysts)

Q3 EPS

EUR 1

Q3 Net Income

EUR 20.80 mln

Q3 EBIT

Miss

EUR 27.50 mln

EUR 27.97 mln (3 Analysts)

Q3 Gross Profit

EUR 89.60 mln

Q3 Investments

EUR 11.80 mln


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the brewers peer group is "buy."

  • Wall Street's median 12-month price target for Olvi Oyj is €31.00, about 15% above its October 21 closing price of €26.95

  • The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 10 three months ago


Reuters Recommended Reads

  • Oct 22 - Finland's Atria Q3 sales rise, EBIT flat on pork export ban

  • Oct 20 - Sweden's Scandi Standard Q3 revenue rises on strong chicken demand

  • Oct 22 - Finland's Lindex Group Q3 revenue rises on broad-based growth


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.