Olvi Oyj reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was EUR 278.85 million compared to EUR 233.76 million a year ago. Revenue was EUR 129.46 million compared to EUR 103.91 million a year ago.

Net loss was EUR 7.3 million compared to net income of EUR 5.48 million a year ago. Basic loss per share was EUR 0.35 compared to basic earnings per share of EUR 0.26 a year ago. Diluted loss per share was EUR 0.35 compared to diluted earnings per share of EUR 0.26 a year ago.