Viva Wine Group released its financial results for the third quarter and first nine months of 2025, reporting substantial growth in net sales and operating profit.
The Group continues to strengthen its position as one of Europe’s leading wine distributors, supported by strategic acquisitions, expanded market presence, and sustained performance across its B2B and B2C divisions.
Between July and September 2025, the Group recorded robust top-line and cash flow development.
Key Q3 Figures (July–September 2025)
- Net sales increased by 49.0% to SEK 1,487 million (≈ EUR 128.4 million) from SEK 998 million (≈ EUR 86.2 million).
- Adjusted EBITA rose to SEK 123 million (≈ EUR 10.6 million) compared to SEK 98 million (≈ EUR 8.5 million). The adjusted EBITA margin was 8.3% (previously 9.9%).
- Cash flow from operating activities improved significantly to SEK 105 million (≈ EUR 9.1 million), up from SEK 26 million (≈ EUR 2.2 million).
- Operating profit increased to SEK 91 million (≈ EUR 7.9 million) from SEK 76 million (≈ EUR 6.6 million), corresponding to an operating margin of 6.1% (from 7.6%).
- Earnings per share before/after dilution reached SEK 0.60 (≈ EUR 0.05) compared to SEK 0.50 (≈ EUR 0.04).
Nine-Month Performance (January–September 2025)
For the full nine-month period, the Group demonstrated continued expansion supported by organic growth and acquisitions.
- Net sales increased by 23.4% to SEK 3,721 million (≈ EUR 321.6 million) from SEK 3,017 million (≈ EUR 260.6 million).
- Adjusted EBITA rose to SEK 276 million (≈ EUR 23.8 million) from SEK 262 million (≈ EUR 22.6 million). The adjusted EBITA margin stood at 7.4%, down from 8.7%.
- Cash flow from operating activities reached SEK 127 million (≈ EUR 11.0 million), slightly above last year’s SEK 116 million (≈ EUR 10.0 million).
- Operating profit increased to SEK 200 million (≈ EUR 17.3 million) from SEK 190 million (≈ EUR 16.4 million), although the operating margin declined to 5.4% (from 6.3%).
- Earnings per share before/after dilution were SEK 1.34 (≈ EUR 0.12) compared to SEK 1.32 (≈ EUR 0.12).
Significant Events During the Reporting Period
Several events shaped the Group’s operational and strategic direction in 2025:
Completed Acquisitions and Market Expansion
- The acquisition of Delta Wines was finalized in Q2 and consolidated as of 23 May. The transaction was fully financed through a new loan facility under the Group’s existing credit agreement.
- In September, the Group acquired Vinguiden Nordic AB, one of Sweden’s largest wine clubs, enhancing its direct-to-consumer capabilities.
Share Issue and Shareholder Expansion
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A share distribution in September resulted in the issuance of 800,000 new shares, bringing 3,500 additional shareholders and raising SEK 26 million (≈ EUR 2.2 million).
Planned Listing Transfer
- The Group has initiated the process of transferring its listing from Nasdaq First North Premier Growth Market to the Nasdaq Stockholm Main Market, a move aimed at enhancing visibility and attracting broader investor interest.
Significant Events After the Period
- In November, Anna Möller, COO Nordics, announced her departure from the company and the executive management team.
- The Board of Directors approved updated financial targets related to growth and profitability to better reflect the Group’s strategic expansion.
A Leading European Platform for Wine Distribution
Viva Wine Group operates through a portfolio of entrepreneurial companies with strong market positions:
- Market leader in B2B wine sales in the Nordics
- Leading wine distributor in the Netherlands
- Strong B2C presence across Europe via e-commerce platforms
The Group emphasises sustainable production, responsible sourcing, and long-term environmental goals, including improving working conditions, supporting fair supply chains, and reducing climate impact.
Investment Highlights
The Group positions itself as an attractive investment opportunity, supported by:
- Entrepreneurial structure with independently managed subsidiaries
- Strong organic growth, including 5.9% in 2024, driven by B2B expansion
- Track record of successful acquisitions, most recently Delta Wines Group
- Commitment to sustainability
- Strong dividend capacity, averaging SEK 138 million (≈ EUR 11.9 million) annually, yielding approximately 4%
Conclusion
Viva Wine Group’s Q3 2025 performance reflects strong momentum driven by acquisitions, market diversification, and a solid Nordic footprint. While margins were slightly pressured, the Group continues to demonstrate resilience, increased cash flow, and continued strategic ambition. The ongoing listing transfer and updated financial goals underscore the Group’s confidence in its long-term growth trajectory.
Source: Viva Wine Group