Brief: Orion Keeps 2023 Outlook

Orion Oyj

27/04/2023 10:18

April 27 (Reuters) - Orion Oyj  ORNBV.HE :
    * REG-ORION GROUP INTERIM REPORT 1–3/2023
    * Q1  NET SALES TOTALLED EUR 277.9 (1-3/2022: 270.6) MILLION
    * Q1 OPERATING PROFIT WAS EUR 55.5 (71.5) MILLION
    * OUTLOOK FOR 2023 IS UNCHANGED
    * Q1 BASIC EARNINGS PER SHARE WERE EUR 0.31 (0.41)
    * Q1 PROFIT BEFORE TAXES WAS EUR 55.1 (72.1) MILLION
    * OUTLOOK FOR 2023: ORION ESTIMATES THAT NET SALES IN 2023
WILL BE
SLIGHTLY HIGHER THAN IN 2022 WITHOUT EUR 228 MILLION IMPACT FROM
ODM-208 UPFRONT PAYMENT (NET SALES IN 2022 WITHOUT IMPACT OF
ODM-208 UPFRONT PAYMENT WERE EUR 1,113 MILLION)
    * 2023 OUTLOOK: OPERATING PROFIT IS ESTIMATED TO BE SLIGHTLY
HIGHER OR HIGHER THAN IN 2022 WITHOUT THE EUR 208 MILLION NET 
IMPACT FROM THE ODM-208
    * OUTLOOK FOR 2023: OPERATING PROFIT IS ESTIMATED TO BE
SLIGHTLY
HIGHER OR HIGHER THAN IN 2022 WITHOUT THE EUR 208 MILLION NET
IMPACT FROM THE ODM-208 UPFRONT PAYMENT AND WITHOUT THE POSSIBLE
TRANSFER OF THE INSURANCE PORTFOLIO OF ORION PENSION FUND’S B
FUND (OPERATING PROFIT IN 2022 WITHOUT THE NET IMPACT OF THE
ODM-208 UPFRONT PAYMENT WAS EUR 232 MILLION)
    * IMPACTS OF WAR IN UKRAINE: IN 2023, ORION'S SALES IN
RUSSIA WILL
DECREASE SIGNIFICANTLY FROM 2022, WHEN RUSSIA ACCOUNTED FOR
ABOUT 3% OF GROUP'S TOTAL PRODUCT SALES

Source text for Eikon:  ID:nGNE92z5Xq 
Further company coverage:  ORNBV.HE 

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