Olvi Oyj reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported sales was EUR 393.75 million compared to EUR 401.93 million a year ago. Revenue was EUR 194.72 million compared to EUR 195.43 million a year ago. Net income was EUR 22.36 million compared to EUR 22.69 million a year ago. Basic earnings per share from continuing operations was EUR 1.08 compared to EUR 1.1 a year ago. Diluted earnings per share from continuing operations was EUR 1.08 compared to EUR 1.1 a year ago.
For the six months, sales was EUR 670.7 million compared to EUR 680.78 million a year ago. Revenue was EUR 325.1 million compared to EUR 324.89 million a year ago. Net income was EUR 31.19 million compared to EUR 15.39 million a year ago. Basic earnings per share from continuing operations was EUR 1.51 compared to EUR 0.74 a year ago. Diluted earnings per share from continuing operations was EUR 1.51 compared to EUR 0.74 a year ago.
Olvi Oyj is a Finland-based company engaged in the beverage industry. The Company specializes in the development, manufacture and marketing of beers, ciders, kvass, long drinks, soft drinks, juices, snack drink, mineral waters and energy drinks. Its beverage portfolio comprises a range of brands: OLVI, Sandels, A. le Coq, FIZZ, Sherwood, Sven Tuuva, Tuntematonsotilas, Balanssi, TEHO, KevytOlo, Olvi Vichy, Angry Birds, Hello Kitty, and HeviSaurus, among others. It is present in Finland, Estonia, Latvia, Lithuania and Belarus. Furthermore, the Company operates through a number of direct and indirect subsidiaries, such as AS A Le Coq, OAO Lidskoe Pivo, AB Volfas Engelman, A/S Cesu Alus, AS Karme and Verska Mineraalvee OU.
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