Olvi has been producing beverages in Iisalmi for over 140 years, and today the company operates locally in Finland, Belarus and the Baltic countries. Our subsidiary A. Le Coq is the largest beverage producer in Estonia, Cesu Alus in Latvia and Lidskoe Pivo in Belarus are the second largest beverage producers in their respective countries and Volfas Engelman is the third largest brewery in Lithuania.
The parent company employs an average of 370 people in Finland and, through outsourced operations, a further 150 people. The brewery is a major summer employer, with around 100 local people learning brewing skills every summer.
Brewmaster William Gideon Åberg and his wife Onni founded the brewery in Iisalmi in 1878. At that time there were about 78 breweries in Finland.
Of these, only Olvi has survived as an independent Finnish brewery.
1878
Headcount2,111
HeadquartersOlvitie I-IV, 74100 Iisalmi – Finland
Line item in (eur) | 01.01.2020 | 01.01.2021 | 01.01.2022 | 01.01.2023 |
---|---|---|---|---|
Assets | N/A | 420,351,000.00 | 490,242,000.00 | 489,674,000.00 |
Noncurrent Assets | N/A | 243,970,000.00 | 273,142,000.00 | 247,358,000.00 |
Property Plant And Equipment | N/A | 204,156,000.00 | 229,356,000.00 | 208,165,000.00 |
Goodwill | N/A | 25,172,000.00 | 25,966,000.00 | 22,204,000.00 |
Intangible Assets Other Than Goodwill | N/A | 9,925,000.00 | 12,696,000.00 | 10,972,000.00 |
Investment Accounted For Using Equity Method | N/A | 994,000.00 | 1,018,000.00 | 1,025,000.00 |
Noncurrent Receivables | N/A | 1,786,000.00 | 1,731,000.00 | 1,377,000.00 |
Deferred Tax Assets | N/A | 1,086,000.00 | 1,487,000.00 | 2,569,000.00 |
Noncurrent Investments Other Than Investments Accounted For Using Equity Method | N/A | 851,000.00 | 888,000.00 | 1,046,000.00 |
Current Assets | N/A | 176,381,000.00 | 217,100,000.00 | 242,316,000.00 |
Inventories | N/A | 42,278,000.00 | 58,609,000.00 | 70,891,000.00 |
Trade And Other Current Receivables | N/A | 88,234,000.00 | 99,246,000.00 | 109,712,000.00 |
Current Tax Assets Current | N/A | 772,000.00 | 504,000.00 | 506,000.00 |
Cash and cash equivalents | 33,832,000.00 | 45,096,000.00 | 58,741,000.00 | 61,207,000.00 |
Equity And Liabilities | N/A | 420,351,000.00 | 490,242,000.00 | 489,674,000.00 |
Equity | 263,869,000.00 | 268,132,000.00 | 297,624,000.00 | 281,745,000.00 |
Issued Capital | N/A | 20,759,000.00 | 20,759,000.00 | 20,759,000.00 |
Retained Earnings | N/A | 303,465,000.00 | 326,016,000.00 | 310,194,000.00 |
Treasury Shares | N/A | 1,802,000.00 | 438,000.00 | 1,079,000.00 |
Other Reserves | N/A | 1,387,000.00 | 1,387,000.00 | N/A |
Equity Attributable To Owners Of Parent | N/A | 264,967,000.00 | 293,997,000.00 | 279,231,000.00 |
Noncontrolling Interests | N/A | 3,165,000.00 | 3,627,000.00 | 2,514,000.00 |
Liabilities | N/A | 152,219,000.00 | 192,618,000.00 | 207,929,000.00 |
Deferred Tax Liabilities | N/A | 11,107,000.00 | 13,943,000.00 | 13,466,000.00 |
Other Noncurrent Liabilities | N/A | 4,473,000.00 | 3,985,000.00 | 3,667,000.00 |
Trade And Other Current Payables | N/A | 132,522,000.00 | 170,633,000.00 | 186,362,000.00 |
Current Tax Liabilities Current | N/A | 481,000.00 | 872,000.00 | 287,000.00 |
Line item in (eur) | 01.01.2020/ 01.01.2021 |
01.01.2021/ 01.01.2022 |
01.01.2022/ 01.01.2023 |
---|---|---|---|
Revenue | 414,884,000.00 | 462,226,000.00 | 583,703,000.00 |
Profit Loss From Operating Activities | 56,435,000.00 | 59,439,000.00 | 22,364,000.00 |
Finance Income | 277,000.00 | 284,000.00 | 1,593,000.00 |
Finance Costs | 2,903,000.00 | 655,000.00 | 5,628,000.00 |
Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method | 2,000.00 | 44,000.00 | 45,000.00 |
Profit Loss Before Tax | 53,811,000.00 | 59,112,000.00 | 18,374,000.00 |
Income Tax Expense Continuing Operations | 12,895,000.00 | 10,751,000.00 | 10,848,000.00 |
Profit (loss) | 40,916,000.00 | 48,361,000.00 | 7,526,000.00 |
Profit Loss Attributable To Owners Of Parent | 40,559,000.00 | 47,862,000.00 | 7,977,000.00 |
Profit Loss Attributable To Noncontrolling Interests | 357,000.00 | 499,000.00 | -451,000.00 |
Line item in (eur) | 01.01.2020 | 01.01.2021 | 01.01.2022 | 01.01.2023 |
---|---|---|---|---|
Profit (loss) | N/A | 40,916,000.00 | 48,361,000.00 | 7,526,000.00 |
Adjustments For Decrease Increase In Inventories | N/A | -1,274,000.00 | -8,684,000.00 | -12,349,000.00 |
Other Adjustments To Reconcile Profit Loss | N/A | 16,327,000.00 | 10,251,000.00 | 14,509,000.00 |
Dividends Received Classified As Operating Activities | N/A | 4,000.00 | 3,000.00 | 5,000.00 |
Interest Paid Classified As Operating Activities | N/A | 588,000.00 | 594,000.00 | 449,000.00 |
Interest Received Classified As Operating Activities | N/A | 260,000.00 | 268,000.00 | 292,000.00 |
Income Taxes Paid Refund Classified As Operating Activities | N/A | 9,351,000.00 | 9,687,000.00 | 13,861,000.00 |
Cash Flows From Used In Operating Activities | N/A | 65,796,000.00 | 89,607,000.00 | 67,163,000.00 |
Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities | N/A | 6,000.00 | 0.00 | 378,000.00 |
Other Cash Payments To Acquire Equity Or Debt Instruments Of Other Entities Classified As Investing Activities | N/A | 0.00 | 11,121,000.00 | 0.00 |
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities | N/A | 1,697,000.00 | 1,068,000.00 | 976,000.00 |
Purchase Of Property Plant And Equipment Classified As Investing Activities | N/A | 30,199,000.00 | 28,831,000.00 | 36,115,000.00 |
Purchase Of Intangible Assets Classified As Investing Activities | N/A | 1,334,000.00 | 2,382,000.00 | 1,277,000.00 |
Dividends Received Classified As Investing Activities | N/A | 24,000.00 | 21,000.00 | 38,000.00 |
Cash Flows From Used In Investing Activities | N/A | -29,833,000.00 | -41,275,000.00 | -36,919,000.00 |
Payments To Acquire Or Redeem Entitys Shares | N/A | 1,299,000.00 | 874,000.00 | 641,000.00 |
Proceeds From Borrowings Classified As Financing Activities | N/A | 15,497,000.00 | 884,000.00 | 11,351,000.00 |
Dividends Paid Classified As Financing Activities | N/A | 20,754,000.00 | 23,240,000.00 | 25,268,000.00 |
Cash Flows From Used In Financing Activities | N/A | -23,447,000.00 | -35,050,000.00 | -26,232,000.00 |
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes | N/A | 12,516,000.00 | 13,282,000.00 | 4,012,000.00 |
Effect Of Exchange Rate Changes On Cash And Cash Equivalents | N/A | -1,252,000.00 | 363,000.00 | -1,546,000.00 |
Cash and cash equivalents | 33,832,000.00 | 45,096,000.00 | 58,741,000.00 | 61,207,000.00 |
Please note that some sums might not add up.
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