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OLVI PLC Near - term outlook FINANCIAL STATEMENTS BULLETIN 23 FEB 2021 at 9:00 am OLVI GROUP'S FINANCIAL STATEMENTS JANUARY TO DECEMBER 2020 FINANCIAL PERFORMANCE IN BRIEF Olvi Group's sales volume , net sales and operating profit for 2020 made all - time highs for the fifth year in a row , in spite of the corona pandemic . The Group's financial standing also remained on a good level . The Board proposes a dividend of 1.10 ( 1.00 ) euro per share . Olvi's operating profit for fiscal year 2021 is expected to remain on the previous year's good level . Compared to the previous year , first - quarter performance will be impacted by strict restrictions arising from the corona pandemic . Total consumption across the markets is expected to decline temporarily . Also , plans are in place for more effort to be put into marketing in order to prepare for the high season . CONSOLIDATED KEY RATIOS Sales volume , Mltr Net sales , MEUR Gross margin , MEUR % of net sales OW ) Operating profit , MEUR % of net sales Net profit for the period , MEUR % of net sales Earnings per share , EUR Investments , MEUR Equity per share , EUR Equity to total assets , % Gearing , % 10-12 / 2020 170.3 93.0 13.4 14.4 6.9 7.4 2.9 3.1 0.14 6.9 10-12 / 2019 159.3 93.6 14.3 15.2 7.6 8.1 6.9 7.4 0.33 6.9 Change % / рр 6.9 -0.6 -6.0 -9.1 -57.7 -57.6 -0.3 1-12 / 2020 765.9 414.9 81.4 19.6 56.4 13.6 40.9 9.9 1.96 32.0 12.81 63.8 -15.5 1-12 / 2019 718.3 408.7 76.7 18.8 52.5 12.8 42.2 10.3 2.02 31.0 12.58 66.4 -11.6 Change % / pp 6.6 1.5 6.1 7.5 -3.1 -3.0 3.4 1.8 -2.6 3.9 BUSINESS DEVELOPMENT LASSE AHO , MANAGING DIRECTOR : Olvi Group's performance was strong in spite of the corona pandemic Olvi Group's full - year business development continued on a good track . Sales volume increased by 47.6 million litres or 6.6 percent on the previous year . Net sales increased by 1.5 percent . Net sales development was affected by the corona pandemic ; the focus of sales was on retail trade , and this increased the share of inexpensive multipacks . Operating profit improved to 56.4 million euro , an increase of 7.5 percent . Good development was made possible by strong market shares in retail trade across Olvi's operating countries . We responded quickly to the uncertainty caused by the corona pandemic in the second and third quarters and carried out cost - cutting measures . However , long - term innovative product development continued , as well as investments in improving operational efficiency and increasing production capacity . Olvi has good prerequisites for success also in 2021 . In the fourth quarter , sales volume continued on a strong growth track at 6.9 percent , net sales were on a par with the previous year , but operating profit declined by 9.1 percent . Development was impacted by strict restrictions under the second wave of the corona pandemic , which we anticipated in the interim report issued on 29 October 2020. The restrictions concerned opening hours and sales of alcoholic products in the HoReCa sector , and in some of Olvi's operating countries , also retail trade . Substantial additional effort was put into