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OLVI PLC Near - term outlook Interim Report 2 November 2021 at 9:00 am Olvi Group's Interim Report , 1 January to 30 September 2021 ( 9 months ) Interim Report in brief Olvi Group's business development continued on a strong track in the third quarter . Sales volume , net sales , operating profit , and net profit increased clearly on the previous year . The Group's financial standing is good . Olvi's operating profit for fiscal year 2021 is expected to remain on the previous year's good level or increase slightly . Good business development is estimated to continue but uncertainties can be seen for the remainder of the year , associated with the continuing corona pandemic , the availability of raw materials and packaging supplies , as well as increasing costs . Consolidated key ratios 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 Equity per share , EUR Equity to total assets , % OW 7-9 / 2021 Business development Lasse Aho , Managing Director : 247.3 134.3 58.2 43.3 23.6 17.6 20.8 15.5 0.99 6.2 661.0 351.6 150.2 42.7 52.3 14.9 42.7 12.1 2.04 23.4 13.94 59.5 Gearing , % -19.6 * Due to a change in the presentation of the income statement , gross profit is presented instead of gross margin . 7-9 / Change % 2020 1 212.6 116.3 pp 16.3 15.5 11.9 52.0 44.7 21.5 18.5 18.1 15.5 0.87 6.2 9.7 15.3 1-9 / 2021 13.8 -0.5 1-9 / 2020 595.5 321.9 139.4 43.3 49.5 15.4 38.0 11.8 1.82 25.2 12.76 65.1 -11.3 Change % 1 pp 11.0 9.2 7.8 765.9 414.9 178.0 42.9 56.4 13.6 40.9 9.9 12.1 1.96 -7.3 32.0 9.2 12.81 -5.6 63.8 8.3 -15.5 5.5 1-12 / 2020 12.3 Olvi Group's third - quarter business development was good . Sales volume increased by 16.3 percent , net sales by 15.5 and operating profit by 9.7 percent . The heat wave in July brought a substantial increase in sales volume but sales development was also good in early autumn . Strong demand continued in the retail sector . Growth was seen in all product groups , with best sales development in non - alcoholic products , particularly waters . Exports continued to develop well , increasing by more than 40 percent in the third quarter . The corona pandemic has still affected business operations in the third quarter . Among the different sales channels , HoReCa sales improved in comparison with the first half of the year , but sales are still lower than they were before the pandemic . Sales restrictions were in force in almost all markets . Furthermore , the volume of cross - border and harbour sales has remained low . Olvi's production has operated almost normally and there has not been any widespread virus exposure among personnel . There have been occasional difficulties in the availability of raw materials and packaging supplies , and there is substantial upward pressure in production costs . These may restrict production volumes , cause difficulties for deliveries , and have a negative impact on profitability during the rest of the year . However , the current outlook is that the impacts would be limited and manageable .