Brief: Orion H1 Operating Profit Falls To EUR 102.0 Million

Orion Oyj

17/07/2023 10:09

July 17 (Reuters) - Orion Oyj  ORNBV.HE :
    * OUTLOOK FOR 2023 HAS BEEN SPECIFIED REGARDING OPERATING
PROFIT
    * ORION OYJ 2023 OUTLOOK: OPERATING PROFIT IS ESTIMATED TO
BE
SLIGHTLY HIGHER THAN IN 2022 WITHOUT EUR 208 NET IMPACT FROM
ODM-208 UPFRONT PAYMENT AND WITHOUT POSSIBLE TRANSFER OF
INSURANCE PORTFOLIO OF ORION PENSION FUND'S B FUND (OPERATING
PROFIT IN 2022 WITHOUT NET IMPACT OF ODM-208 UPFRONT PAYMENT WAS
EUR 232 MILLION)
    * H1 NET SALES TOTALLED EUR 567.5 (1–6/2022: 554.3) MILLION
    * ORION OYJ - H1 OPERATING PROFIT EUR 102.0 MILLION VERSUS
EUR
153.4 MILLION YEAR AGO
    * H1 PROFIT BEFORE TAXES WAS EUR 100.9 (155.2) MILLION
    * H1 BASIC EARNINGS PER SHARE WERE EUR 0.57 (0.88)
    * IMPACTS OF THE WAR IN UKRAINE ON ORION - ORION HAS
DISCONTINUED
BUSINESS OPERATIONS IN RUSSIA
    * ORION NO LONGER HAS ANY INVENTORIES IN RUSSIA AND THE
COMPANY
HAS DISCONTINUED ITS BUSINESS OPERATIONS IN RUSSIA

Source text for Eikon:  ID:nGNE8m1QKs 
Further company coverage:  ORNBV.HE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))