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VIVA — Viva Wine AB News Story

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Sweden's Viva Wine Q1 sales jump 51% on acquisitions

Overview

Sweden-based wine seller's Q1 net sales rose 51%, driven by Delta Wines acquisition

Adjusted EBITA grew, but margin slipped to 5.5% from 5.7%

Company acquired majority stake in Norway's Alpha Brands, expanding in no- and low-alcohol drinks

Outlook

Company says market outlook remains uncertain due to geopolitical and macroeconomic developments

Viva Wine plans to continue both organic and acquisition-driven growth

Company continues to invest in innovation, product development and technology integration

Result Drivers

DELTA WINES ACQUISITION - Co said Q1 sales increase was primarily due to the Delta Wines acquisition

ALPHA BRANDS ACQUISITION - Acquisition of Alpha Brands strengthened position in Norway and NoLo category, with positive contribution to earnings

ORGANIC GROWTH IN BOTH SEGMENTS - Modest organic growth in both B2B and B2C segments despite weak consumer sentiment

Company press release: ID:nMFN2H7srM

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 SalesSEK 1.35 bln
Q1 Adjusted EBITASEK 75 mln
Q1 Adjusted EBITA Margin5.50%
Q1 EBITSEK 50 mln
Q1 EBIT Margin3.70%
Analyst Coverage The one available analyst rating on the shares is "buy" The average consensus recommendation for the food retail & distribution peer group is "buy" Wall Street's median 12-month price target for Viva Wine Group AB is SEK50.00, about 56.7% above its May 6 closing price of SEK31.90 The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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