Olvi Oyj reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was EUR 299.95 million compared to EUR 255.86 million a year ago. Revenue was EUR 136.12 million compared to EUR 110.64 million a year ago. Net loss was EUR 37.39 million compared to net income of EUR 5.62 million a year ago. Basic loss per share from continuing operations was EUR 1.81 compared to basic earnings per share from continuing operations of EUR 0.27 a year ago. Diluted loss per share from continuing operations was EUR 1.81 compared to diluted earnings per share from continuing operations of EUR 0.27 a year ago.
For the full year, sales was EUR 1,253.78 million compared to EUR 1,069.26 million a year ago. Revenue was EUR 583.7 million compared to EUR 462.23 million a year ago. Net income was EUR 7.98 million compared to EUR 47.86 million a year ago. Basic earnings per share from continuing operations was EUR 0.39 compared to EUR 2.31 a year ago. Diluted earnings per share from continuing operations was EUR 0.39 compared to EUR 2.31 a year ago.