Olvi Oyj

Earnings Release • Oct 18, 2022

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Olvi Oyj - Inside information

Olvi Changes Its Near-Term Outlook

Olvi plc Inside information 18 October 2022 at 2.30 pm Olvi Changes Its Near-Term Outlook The operating profit from continuing operations in 2022 is expected to decrease from the previous year. Costs arising from raw materials, packaging materials, energy and logistics are increasing at an exceptionally high rate, and there are challenges with availability. The increase in costs is expected to continue in the near future. It has not yet been possible to fully transfer the cost increases to sales prices, especially in Finland and Denmark. Olvi publishes its near-term outlook for continuing operations, which include the company's reporting segments in Finland and the Baltic Sea region. Olvi's interim report will be published on 19 October 2022 at 9.00 am. More information: Olvi plc Lasse Aho, Managing Director, tel. +358 400 203600 Tiina-Liisa Liukkonen, CFO, tel. +358 41505 4779 DISTRIBUTION: NASDAQ OMX Helsinki Ltd Key media outlets www.olvi.fi