Oriola: Slides as falling volumes amid pandemic hit Q1 results

Oriola Oyj

27/04/2021 08:24

** Shares in Oriola  OKDBV.HE  fall 8.5% as the Finnish drug
distributor reports first quarter results falling year on year
 urn:newsml:reuters.com:*:nFWN2MJ1EW
    ** Oriola reports sales, operating profit falling due to low
pharmaceutical volumes amid the COVID-19 pandemic, says
situation remains unclear
    ** We expected it would be fairly easy to outdo weak
comparable numbers from 2020, Inderes analyst Petri Kajaani says
    ** Q1 adjusted operating profit fell to 300,000 euros
($362,000), while Inderes expected Q1 number unchanged from 6.9
million euros reported in Q1 2020
    ** Following the weak Q1 report the risk of a delay in
turnaround in results seems to have increased, Kajaani adds
    ** Oriola stock top faller on OMX Helsinki All-Share Index
 .OMXHPI 
    


($1 = 0.8285 euros)

 ((boleslaw.lasocki@tr.com))