Near term outlook
Interim Report Q1 / 21 April 2022
In its stock exchange release on 5 March 2022, Olvi withdrew its near-term outlook for 2022 because of the uncertainty caused by the war in Ukraine, the end of exports to Russia and Belarus and Olvi’s divestment of its business operations in Belarus.
Olvi will publish its near-term outlook for continuing operations, which include its reporting segments in Finland and the Baltic Sea region. Its business operations in Belarus have been classified as discontinued operations/ assets held for sale according to IFRS 5 standard and will not therefore be included in the near-term outlook. Operating profit from continuing operations are expected to remain at a good previous year level.
Compared with the beginning of the year, the operating profit is expected to improve towards the end of the year as the increase in costs will be gradually transferred to the prices of end products. However, business operations continue to involve significant uncertainties due to the availability of raw materials, packaging materials and energy and the increase in costs.