Viva Wine Group AB (VIVA) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Viva Wine Group Q1 presentation for 2026. For the first part of the conference call, the participants will be in listen-only mode. During the questions and answers session, participants are able to ask questions by dialing pound key five on their telephone keypad. Now I will hand the conference over to CEO Emil Salnas and CFO and Deputy CEO Lynn Gavir. Please go ahead. Good morning, everyone, and welcome to our Q1 2026 presentation. My name is Emil Salnes and I will, together with our CFO and my deputy CEO, Lynn Javert, present today. This is the agenda for today. And before we go into the quarterly update and financials, I want to start by giving you a short introduction to Viva Wine Group. 2025 was a year of growth and expansion. Today, almost 90% of our business is in our B2B segment, which includes the Nordic monopoly markets, as well as retailers and restaurants in both the Nordics and Europe. With the acquisition of Delta Wines, our B2B business is now present in seven markets. In the Nordic monopoly market, we are the market leader in wine. With the acquisition of Delta Wines, we also entered the open market in Europe, and we are the leading wine distributor in the Netherlands. Just over 10% of our sales is in the B2C segment, which consists of our e-commerce business based in Germany and reaching a total of 11 markets, which makes us one of the leading online wine retailers in Europe. So, now let's move on to the Q1 update and our performance summary. Looking at Q1, we had a solid start to the year and I'm pleased to report that we delivered both organic growth and improved profit. Net sales increased significantly by 51%, mainly driven by acquisitions. Adjusted EBITDA increased year-on-year due to a strong performance from the underlying business ...