Brief: Oriola Q4 Adjusted EBIT Rises To EUR 11.6 Mln

Oriola Oyj

18/02/2022 07:12

Feb 18 (Reuters) - Oriola Oyj  OKDBV.HE :
    * ORIOLA CORPORATION'S FINANCIAL STATEMENTS RELEASE 1
JANUARY - 31
DECEMBER 2021
    * Q4 NET SALES INCREASED BY 7.0% TO EUR 499.0 (466.2)
MILLION
    * Q4 ADJUSTED EBIT WAS EUR 11.6 (8.0) MILLION.
    * PROPOSES TO ANNUAL GENERAL MEETING THAT A DIVIDEND OF EUR
0.04
(0.03) PER SHARE WOULD BE PAID FOR 2021.
    * OUTLOOK FOR 2022: ADJUSTED EBIT IS ESTIMATED TO INCREASE
FROM
2021 LEVEL.
    * ORGANISATIONAL RESTRUCTURING WILL BRING US AN ANNUAL COST
SAVING
OF AT LEAST EUR 7 MILLION
    * SAVINGS WILL MATERIALISE FROM Q1 OF 2022 ONWARDS.

Source text for Eikon:  ID:nWkrby6QB6 
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