Olvi Group

What Olvi Group does

Olvi Group is a Finnish publicly-traded multi-beverage company (Olvi Oyj, listed on Nasdaq Helsinki under ticker OLVAS) founded in 1878 and headquartered in Iisalmi, Finland. It manufactures and sells one of the widest beverage portfolios in the Nordics, spanning beers (OLVI, Sandels, A. Le Coq, OLVI Iisalmi craft), ciders, hard seltzers (Finland's market leader, growing ~30% YoY at K-group), long drinks, cocktails, soft drinks (OLVI Juju, Kane's Soda Pop), waters and sports nutrition (TEHO, KevytOlo, Olvi Vichy, Vitamineral Water), and energy drinks. Olvi operates production and sales in Finland, Estonia, Latvia, Lithuania, Belarus, and Denmark, and exports to roughly 80 countries; recent acquisitions (Brewery International in Norway/Sweden, Värska Originaal in Estonia, Banjalučka Pivara in Bosnia) are extending the footprint into new geographies. The Olvi Foundation is the principal/controlling shareholder.

Olvi's business model is primarily B2B-driven through an enterprise field-sales organization: dedicated area managers cover the major Finnish retail chains (K-group, S-Group/SOK, LIDL Finland, Tokmanni), a separate HoReCa sales force (hotels, restaurants, cafes) handles on-premise accounts, and impulse-channel teams cover convenience and gas stations. A smaller direct-to-consumer layer exists through the Olvi & Servaali online store and the OLVI Shop. Revenue also includes international partner-brand distribution through Servaali (wines and spirits) and Mission Wine & Spirits. Pricing is quote-based across wholesale, retail, and HoReCa channels and is not publicly disclosed. FY2024 revenue was EUR 656.9 million, full-year 2025 net result was EUR 64.8 million, and FY2026 EBIT guidance is EUR 84-92 million; the company pays a ~43.7% earnings dividend (EUR 1.35/share, EUR 28.0M total for 2025).

The underlying technology is conventional brewing and beverage production with an emphasis on traditional slow-maturation methods and Finnish-origin raw materials, complemented by water efficiency (2.30 L water per L finished product, ahead of the 2.5 L 2030 target), carbon-neutral production at Iisalmi since 2023, EKOenergy wind power, and certifications including ISO 9001/14001/45001, IFS Food 8, ISO 22000, FSSC 22000, and EcoVadis Gold (top 5%). Sustainability, not AI/ML, is the principal technology and brand differentiator.

Name

Olvi Group

Legal name

Olvi Oyj

Website

https://olvi.fi

Company type

Public

Founded year

1878

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Olvi Group is a Finnish multi-beverage company (founded 1878, listed on Nasdaq Helsinki) that manufactures and distributes beers, hard seltzers, long drinks, soft drinks, waters, and sports nutrition across six core countries with exports to 80 markets, selling primarily through Finnish retail chains (K-group, SOK, LIDL, Tokmanni) and HoReCa accounts.

Ownership category

akta.pro rank

Product category

Brewery and Beverage Products

NAICS

Beverage Manufacturing (3121), Breweries (312120), Soft Drink Manufacturing (312111), Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (4248)

SIC

Beverages (2080), Malt Beverages (2082), Bottled & Canned Soft Drinks & Carbonated Waters (2086), Wholesale-Beer, Wine & Distilled Alcoholic Beverages (5180)

akta.pro primary industry

Packaging & Production Breweries (Limited/No On-site Service) (THAFALAB)

akta.pro secondary industries

Functional Beverages (Vitamins, Probiotics, Nootropics, etc.) (CRADAHAL), Sports Drinks & Hydration Beverages (CRADAHAK), Beverage Import/Export & Cross-Border Wholesale (AFAIAGAL), Energy Drinks & Functional Beverage Wholesale (AFAIAGAE), Functional/Fortified Beverage Production (Vitamins, Botanicals, Nootropics) (AFAFABAH)

Keywords

• Beer brewing
• Beverage manufacturing
• Hard seltzer production
• Mineral water bottling
• Beverage distribution

Headquarters

HQ city

Iisalmi

HQ country

Finland

HQ region

Europe

Offices5 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Beverage Product Sales: Olvi Group generates revenue primarily through manufacturing and selling a wide portfolio of beverages including beers, ciders, hard seltzers, long drinks, cocktails, soft drinks, waters, sports nutrition, and energy drinks. Revenue comes from both own brands and international partner brands.

Go-to-market motion3 records

Distribution channels6 records

Marketing channels6 records

Core offering

Olvi Group manufactures, markets, and distributes a wide portfolio of alcoholic and non-alcoholic beverages, including beers, ciders, hard seltzers, long drinks, cocktails, soft drinks, mineral and electrolyte waters, sports nutrition, and energy drinks, under owned brands (Olvi, Sandels, A. Le Coq, TEHO, Servaali, Muteman) and through international brand partnerships. It operates breweries and bottling facilities in Finland, Estonia, Latvia, Lithuania, Belarus, and Denmark, and exports to 80 countries.

Product overview

Olvi Group is a Finnish multi-beverage company operating in Finland, Estonia, Latvia, Lithuania, Belarus, and Denmark with exports to 80 countries. The product portfolio is organized as a platform-plus-modules architecture centered around core beer brands (OLVI, Sandels, A. Le Coq) with extensions into complementary beverage categories. The main product lines include: OLVI Beers (lagers, IPAs, NEIPAs, special bitters, seasonal summer beers); OLVI Hard Seltzers (multiple fruit flavors, positioned as Finland's market leader in the hard seltzer category with 0g sugar and very low calories); OLVI Long Drinks (gin-based); OLVI Soft Drinks (including OLVI Juju brand); TEHO Waters and Elektrolyte Drinks (sports hydration products); and Servaali (wines and spirits). Acquired brands include A. Le Coq (Estonia) and Sandels (Finland). The company also imports and distributes international brands through subsidiaries. Recent acquisitions expanded the portfolio into Norway/Sweden (Brewery International) and Estonia (Värska Originaal mineral water).

Differentiator

Problem solved

Functional benefit

Brands

• Sandels: Beer brand under Olvi
• A. Le Coq
• Servaali
• TEHO
• KevytOlo
• Vitamineral Water
• Kane's Soda Pop
• Muteman
• OLVI Hard Seltzer
• OLVI Long Drink
• OLVI Iisalmi

Products and services

• OLVI Beers Core Finnish beer brand line brewed from mostly Finnish raw materials using a traditional slow maturation process. The portfolio covers lagers (OLVI Export, OLVI Summer Lager), IPAs (OLVI IPA, Finland's best-selling IPA), NEIPAs (OLVI NEIPA 5.0%), Extra Special Bitter (OLVI Iisalmi Special Bitter), low-alcohol session IPAs (OLVI Hi-Hop Mild IPA 2.5%), and extra-strong lagers (OLVI Tuplapukki 8.5%). Multiple international gold medals awarded.
• OLVI Hard Seltzers Finland's most popular hard seltzer brand, positioned as a low-calorie mixed drink with 4.5% alcohol, 0 g sugar, no artificial sweeteners or colors, and approximately 24-27 kcal per 100 ml. Available in multiple fruit flavors including Cherry Pop, Juiced Peach, Juiced Mango, Gin & Pineapple, Lemonade, Juiced Raspberry, Strawberry & Rhubarb, Lemon & Lime, and Juiced Pear.
• OLVI Long Drinks Gin-based ready-to-drink long drinks available in flavors including Watermelon, Peach, Grapefruit, and Cranberry. Distributed across retail and HoReCa channels in Finland and other Nordic/Baltic markets.
• Muteman Premium Mixers and Long Drinks Premium mixer and long drink brand including Tonic Water, Ginger Beer, and alcohol-free options such as Blood Orange, Lemonade, and Rhubarb 0.0%. Targeted at adult consumers seeking premium mixers and alcohol-free alternatives.
• OLVI Soft Drinks (OLVI Juju, Kane's Soda Pop) Carbonated soft drinks sold under OLVI Juju (apple, orange, cola, raspberry, with sugar-free variants) and Kane's Soda Pop brands. Targeted at general consumers and families seeking mainstream non-alcoholic refreshment.
• TEHO Waters and Electrolyte Drinks Bottled water and sports hydration range under the TEHO brand. Includes plain and flavored mineral waters plus low-sugar, caffeine-free electrolyte-enriched drinks containing magnesium, marketed for everyday hydration and active lifestyles. Available in Lemon-lime and Orange flavors.
• Sandels Beers Popular Finnish beer brand under the Olvi portfolio, known for its traditional lagers and one of the leading beer brands in Finland. Sold through retail, HoReCa, and impulse channels.
• A. Le Coq Beers and Long Drinks Historic Estonian beer and long drink brand operated by Olvi's wholly-owned Estonian subsidiary A. Le Coq. Produces beers, long drinks, and alcohol-free variants, serving the Estonian and export markets.
• OLVI Iisalmi Craft Beers Craft beer sub-brand featuring special and seasonal varieties brewed in Iisalmi, including Extra Special Bitter and seasonal summer ales and IPAs. Positioned as the craft/specialty tier under the OLVI master brand.
• Servaali Wines and Spirits Finnish wine and spirits import and distribution company operating as Olvi Group's wholly-owned subsidiary. Distributes premium international wines, spirits, and specialty beverages to the Finnish HoReCa and retail trade, serving as Olvi's gateway to the wine and spirits category.
• Olvi Vichy Mineral Water Mineral water brand available in plain and flavored variants including pineapple, lemon-lime, and pear. Distributed across retail and HoReCa channels in Finland.
• KevytOlo Light Beverages Light beverage and mineral water product line that uses surplus fruits as ingredients in collaboration with Jungle Juice Bar since 2022 to promote circular economy and reduce food waste. Targeted at health-conscious consumers.
• Värska Originaal Mineral Water and Functional Drinks Estonian natural mineral water and functional drink brand, 100% owned by Olvi Group following the June 2026 acquisition through subsidiary A. Le Coq. Produces approximately 44 million liters per year and exports to Latvia, Lithuania, Finland, Sweden, and Ireland.
• Brewery International and Mission Wine & Spirits Import/Distribution Beverage import and distribution operations in Norway and Sweden, 51% owned by Olvi Group. Comprises Brewery International (brewery products) and Mission Wine & Spirits (wines and spirits) companies. Distributes premium international brands to Nordic retail and HoReCa channels.

Quantifiable outcome

• Hard seltzer sales at K-group grew 30% year-over-year
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Six partnerships are on record, tiered core and minor.

• Värska OriginaalcoreStrategic or Co-development Partner · 22 June 2026Olvi completed 100% acquisition of Estonian mineral water producer Värska Originaal through Estonian subsidiary A. Le Coq. The acquisition was finalized after Estonian courts lifted a legal injunction. Värska produces natural mineral water and functional drinks, exporting to Latvia, Lithuania, Finland, Sweden, and Ireland. Approximately 70 employees.
• Brewery International GroupcoreStrategic or Co-development Partner · 2 January 2026Olvi completed acquisition of 51% majority stake in Brewery International, a beverage import and distribution group operating in Norway and Sweden. The group comprises Brewery International companies (focused on brewery products) and Mission Wine & Spirits companies (specializing in wines and spirits). Agreement includes option for Olvi to acquire remaining shares in future. Transaction legally effective January 2, 2026.
• Jungle Juice BarminorStrategic or Co-development PartnerCollaboration since 2022 for KevytOlo products, which utilize surplus fruits as ingredients to promote circular economy and reduce food waste.
• Suomen Palautuspakkaus (Palpa)minorStrategic or Co-development PartnerDeposit-based beverage packaging recycling system operator in Finland, founded in 2003. Olvi is one of the owners. Return rates of 90-99% for beverage packaging.
• Olvi Foundation (Olvi-säätiö)coreOthersNon-profit foundation that is Olvi Oyj's principal owner. Awards financial support, grants, and scholarships annually supporting youth, elderly, education, and local community work. Also funds environmental research.
• International Brand PartnersminorStrategic or Co-development PartnerPartnerships with leading international and local beverage brands to complement own portfolio. Selections include premium international wines, spirits, and specialty beverages.

Scale indicators17 records

Recent moves2 records

Expansion highlights7 records

Direct peers

• Refresco: European independent beverage solutions provider producing private-label and branded soft drinks and waters. Comparable to Olvi's bottling and water operations (Värska Originaal, Olvi Vichy, TEHO waters) and contract/co-manufacturing footprint.
• Boston Beer Company: US craft brewer and hard seltzer pioneer (Truly Hard Seltzer). Comparable to Olvi's Hard Seltzer business, craft/IPA portfolio, and growing cider and tea offerings; useful proxy for category economics and consumer trends in seltzer.
• Anadolu Efes: Turkish brewer with operations across Turkey, the CIS, and Eastern Europe. Comparable to Olvi in its regional multi-beverage strategy, exposure to emerging European markets, and focus on beer plus soft drinks (Efes, Coca-Cola bottling in Turkey).
• Britvic: UK-listed soft drinks manufacturer producing branded soft drinks, mixers, and functional beverages. Comparable to Olvi's Juju/Kane's/Muteman mixers portfolio and Servaali wines-and-spirits distribution arm, and to Olvi's broader move into functional hydration.
• Royal Unibrew: Danish multi-beverage group producing beers, soft drinks, energy drinks and RTDs across the Nordics and beyond. Closest comparable to Olvi in scale, multi-beverage portfolio, geographic footprint, and acquisition-led growth strategy.

Broad incumbents

• Asahi Group Holdings: Japanese beverage group with significant European brewing assets (Carlsberg UK, Grolsch, Peroni). Competes indirectly with Olvi in premium European beer markets and offers insight into multi-market M&A integration playbooks in beverages.
• Heineken: Global brewer with significant Nordic presence (Finland via Hartwall acquisition). Competes with Olvi in mainstream beer and increasingly in low/no-alcohol and cider, but at much greater scale and with broader international brand portfolio.
• Carlsberg Group: One of the world's largest brewing groups headquartered in Denmark with strong Nordic/Baltic presence through brands such as Carlsberg and Baltika. Directly competes with Olvi in the Finnish and Baltic beer markets but operates at vastly larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/OlviOyj
• LinkedInlinkedin.com/company/olvi-plc
• Instagraminstagram.com/olvi_oyj/?hl=en
• Xx.com/olvi_oyj

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Olvi Group