October –
- Net sales increased by 4.3% to
SEK 1,098 (1,053) million. Organic growth was 4.4% (-0.4). - EBITA, adjusted, decreased to
SEK 70 (99) million. EBITA margin, adjusted, was 6.3% (9.4). The change is mainly explained by negative currency effects. - Cash flow from operating activities increased to
SEK 92 (66) million. - Operating profit decreased to
SEK 35 (62) million. Operating margin was 3.2% (5.9). The change is mainly explained by negative currency effects and non-recurring costs. - Market share increased to 27.4% (26.0) in
Sweden , 21.3% (18.8) inFinland and 6.4% (5.6) inNorway . - Earnings per share was
SEK 0.00 (0.52).
January –
- Net sales increased by 4.1% to
SEK 3,981 (3,825) million. Organic growth was 3.3% (-3.7). - EBITA, adjusted, decreased to
SEK 292 (377) million. EBITA margin, adjusted, was 7.3% (9.8). The change is mainly explained by negative currency effects. - Cash flow from operating activities decreased to
SEK 212 (286) million. - Operating profit decreased to
SEK 165 (310) million. Operating margin was 4.1% (8.1). The change is mainly explained by negative currency effects and positive non-recurring effects in 2022. - Market share increased to 26.6% (25.5) in
Sweden , 19.5% (16.8) inFinland and 5.9% (5.3) inNorway . - Earnings per share was
SEK 1.19 (2.86).
Significant events during the year
- The
Sweden and Nordic operating segments were merged during the year and are now reported as the Nordics. - Viva eCom started delivering from its new centralised e-commerce warehouse outside Mainz in
Germany . Viva Wine Group AB appointedABG Sundal Collier (ABGSC) as liquidity provider for the company's shares.Viva Wine Group entered into an agreement to acquire the Norwegian company Target Wines AS, which was finalised inFebruary 2024 .
Significant events after the end of the year
- As of
1 January 2024 ,Viva Wine Group 's Swedish subsidiariesChris Wine & Spirits AB andWinemarket Nordic AB merged to formMorningstar Brands AB . - The Board of Directors proposes to the Annual General Meeting an ordinary dividend of
SEK 1.55 (1.55) per share.
Emil Sallnäs, CEO comments:
ANOTHER YEAR OF RECORD HIGH MARKET SHARES IN THE NORDICS DESPITE SOFT MARKETS
We ended 2023 with record growth in the Nordics and by becoming the no 1 in the Finnish market. Viva eCom also performed relatively well in a weak European e-commerce market. Our centralised e-commerce platform in
STRONG PERFORMANCE DESPITE CURRENT MARKET CONDITIONS
In terms of sales, 2023 was our best year ever with sales of
WE ARE TAKING THE LEAD IN
We ended 2023 in the Nordics in the best way imaginable, with record high market shares, while all three monopoly markets declined in volume. In
SETTING THE STAGE FOR GROWTH IN
We have had a busy year in Viva eCom, as we have laid the foundation for our European expansion with a new centralised e-commerce warehouse in
CONTINUED HIGH AMBITIONS IN SUSTAINABILITY
As an industry leader in sustainability, we have high ambitions. We are committed to reducing our CO2 emissions per litre of wine sold by 2030 and achieving net zero climate impact by 2050. During the year, we improved our measurement and data collection methods and also integrated
A CHALLENGING AND EVENTFUL YEAR BEHIND US
Inflation and higher market interest rates have had a significant impact on consumer sentiment and price sensitivity, while we are facing currency headwinds in the Nordic market. I choose to take a positive view. This just means we have to do things smarter and operate even more efficiently.
A lot of things fell into place in 2023. The ambition we had when we acquired Vicampo has become reality, and we can now leverage our European organisation. We are continuing to work actively on the acquisition agenda and to find suitable acquisitions.
We end 2023 with strong momentum in the Nordics, taking market shares in all countries. From the beginning of 2024, alcohol duties will be increased in all the monopoly markets, mostly in
To conclude, I am extremely proud of all our employees and partners who have contributed to making the strong position we have today possible, and look forward to 2024 with confidence.
Emil Sallnäs, CEO
Please see the full report in the attached pdf.
Publication and presentation
Certified Adviser
For more information, please contact:
Emil Sallnäs, CEO
Tel: +46 70 956 58 72
Email: emil.sallnas@vivagroup.se
Linn Gäfvert, CFO
Tel: +46 73 086 89 90
Email: linn.gafvert@vivagroup.se
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