Brief: Orion Says Strikes Did Not Have Material Impact In Q1

Orion Oyj

25/04/2024 10:12

April 25 (Reuters) - Orion Oyj  ORNBV.HE :
    * OUTLOOK 2024: OPERATING PROFIT IS ESTIMATED TO BE EUR 280
MILLION TO EUR 310 MILLION
    * LATER THIS YEAR, RESEARCH AND DEVELOPMENT EXPENDITURE
GROWTH IS
EXPECTED TO ACCELERATE
    * Q1 NET SALES TOTALLED EUR 308.5 (JANUARY-MARCH 2023:
277.9)
MILLION
    * CASH FLOW FROM OPERATING ACTIVITIES WAS STRONG AS EXPECTED
IN
JANUARY-MARCH 2024
    * OPERATING PROFIT WAS AT LEVEL OF COMPARATIVE PERIOD, DUE
TO A
PLANNED INCREASE IN EXPENSES
    * SAYS STRIKES DID NOT HAVE MATERIAL IMPACT ON ORION IN Q1
OF
YEAR, THANKS TO GOOD INVENTORY LEVELS AND ORION'S AGILITY IN
FINDING ALTERNATIVE SUPPLY ROUTES

Source text for Eikon:  ID:nGNE84Fpmv 
Further company coverage:  ORNBV.HE 

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