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