Viva Wine Group AB (VIVA) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Viva Wine Group earnings call for Q2 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 5 on their telephone keypad. Now I will hand the conference over to CEO Emil Solnez and CFO and Deputy CEO Lynn Gavir. Please go ahead. Good morning, everyone, and welcome to our Q2 2026 presentation. My name is Emil Salnes, and I will, together with our CFO and Deputy CEO, Linn Gjævert, present today. This is today's agenda, and before we move on to the quarterly update on financials, I will hand over to Linn. Thank you, Emil. I would like to start with an update about the ongoing bid process. On the 29th of June, Riesling Ventures announced a public takeover offer to the shareholders of Viva Wine Group. In connection with this, the independent bid committee of Viva Wine Group announced that they recommend the offer. The acceptance period is currently ongoing and is ending on the 28th of August. In this call, we will only focus on the quarterly results and no questions will be answered regarding the bid or the process. So now let's move on to the Q2 update and our performance summary. Looking at Q2, we reported an increase in net sales of 21%. This growth was driven by our latest acquisitions, Delta Wines and Alpha Brands. Organic growth was minus 3.7% in the quarter, with sales negatively impacted by the timing of Easter and by geopolitical uncertainty which weakened the consumer sentiment in our markets. Adjusted EBITDA increased year on year, mainly due to the latest acquisitions, with an EBITDA margin of 6.7%. In the quarter, we continue to deliver strong operating cash flow. Now, let's look in more detail on the financia...