Brief: Orion Proposes Dividend Of EUR 1.62 Per Share For 2023

Orion Oyj

13/02/2024 10:15

Feb 13 (Reuters) - Orion Oyj  ORNBV.HE :
    * BOARD OF DIRECTORS PROPOSES A DIVIDEND OF EUR 1.62 PER
SHARE TO
BE PAID FOR 2023
    * OUTLOOK 2024: NET SALES ARE ESTIMATED TO BE EUR 1,340
MILLION TO
EUR 1,410 MILLION
    * OUTLOOK 2024: OPERATING PROFIT IS ESTIMATED TO BE EUR 270
MILLION TO EUR 310 MILLION
    * Q4 EBIT EUR 92.9 MILLION VERSUS VARA ESTIMATE OF EUR 72.9
MILLION
    * DIVIDEND IS PROPOSED TO BE PAID IN TWO INSTALMENTS
    * OUTLOOK 2024: BOTH NET SALES AND OPERATING PROFIT ASSUME
THAT
DURING 2024 ORION WILL RECEIVE ONE NUBEQA® SALES MILESTONE
PAYMENT OF EUR 70 MILLION
    * OUTLOOK 2024: IN LINE WITH OUR REFINED STRATEGY, GROWING
REVENUE
STREAM WILL PROVIDE US WITH OPPORTUNITIES TO INVEST MORE IN
RESEARCH AND DEVELOPMENT AND OTHER GROWTH PROJECTS
    * FINANCIAL OBJECTIVES FOR 2024-2028: TO GROW NET SALES WITH
A
COMPOUND AVERAGE ANNUAL GROWTH RATE (CAGR) OF AT LEAST 8%
    * FINANCIAL OBJECTIVES FOR 2024-2028: TO GROW OPERATING
PROFIT
FASTER THAN NET SALES
    * FINANCIAL OBJECTIVES FOR 2024–2028: TO INCREASE DIVIDEND
PER
SHARE ANNUALLY WITH A PAYOUT RATIO OF 50% TO 100%
    * SEVERAL PROJECTS APPROACHING CLINICAL DEVELOPMENT PHASE,
PROGRESSING THESE PROJECTS WILL REQUIRE SIGNIFICANTLY HIGHER
RESEARCH AND DEVELOPMENT EXPENDITURE THAN IN PAST

Source text for Eikon:  ID:nGNE6395k0 
Further company coverage:  ORNBV.HE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))