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OLVI PLC OLVI GROUP'S HALF - YEAR REPORT , 1 JANUARY TO 30 JUNE 2021 ( 6 MONTHS ) Half - year report in brief Consolidated key ratios Olvi Group's business development continued on a strong track . Sales volume , net sales , operating profit and net profit all showed good growth on the previous year , and the period under review was the best half - year in Olvi's history . The Group's financial standing remains good . Near - term outlook ( updated ) Olvi's operating profit for fiscal year 2021 is expected to remain on the previous year's good level or increase slightly ( outlook has improved , previously outlook was " remain on the previous year's good level " ) . Sales in the summer season have continued on a strong track . There are uncertainties associated with the remainder of the year , and these are described in more detail under Business risks . Sales volume , Mltr Net sales , MEUR Gross profit * , MEUR % of net sales Operating profit , MEUR % of net sales Net profit for the period , MEUR % of net sales Earnings per share , EUR Investments , MEUR Half - Year Report 12 August 2021 at 9:00 am Equity per share , EUR Equity to total assets , % OW 4-6 / 2021 249.8 132.0 57.4 43.5 20.6 15.6 15.0 Business development Lasse Aho , Managing Director : 11.4 0.72 9.4 4-6 / Change % 2020 1 229.7 121.0 51.9 42.9 20.2 16.7 14.5 12.0 0.69 9.8 рр 8.7 413.7 9.1 217.3 10.5 92.0 42.4 28.7 13.2 21.8 2.0 3.0 1-6 / 2021 4.3 -4.4 1-6 / 2020 10.1 1.05 17.2 12.86 54.6 Gearing , % -24.7 * Due to a change in the presentation of the income statement , gross profit is presented instead of gross margin . 382.9 205.6 87.4 42.5 28.0 13.6 19.9 9.7 0.95 19.0 12.20 57.8 -8.6 Change % 1 pp 8.0 5.7 5.3 2.2 9.7 10.5 -9.5 5.4 -3.2 16.1 1-12 / 2020 765.9 414.9 178.0 42.9 56.4 13.6 40.9 9.9 1.96 32.0 12.81 63.8 -15.5 Olvi Group's business in the first half of the year developed well , with net profit increasing by 9.7 percent . Sales volume increased by 8.0 percent and net sales by 5.7 percent . In the second quarter , the average price improved as the HoReCa sales channel opened , among other things , and thanks to this , the net sales growth of 9.1 percent outperformed the 8.7 percent increase in sales volume . Warm weather in the beginning of the summer supported the growth in sales volumes and increased demand for smaller package sizes . Operating profit improved steadily , as second - quarter earnings development followed the first - quarter track . The growth in sales volume has caused increased logistics costs , and clearly more effort has been put into marketing compared to the previous year . Strategic reform proceeds according to plan . The sales of non - alcoholic products have increased substantially in the review period . Geographical expansion goes ahead as the conditional acquisition of the Vestfyen brewery in Denmark is expected to be realised by the end of August . New potential markets are surveyed actively . The Group also makes efforts to develop its business and secure its competitive ability in the future through the promotion of digitalisation and responsibility .