Brief: Orior AG ‍Revenues Increased By 10.9 pct To CHF 585.5 Mln​ For 2017

Orior AG

01/03/2018 05:12

March 1 (Reuters) - Orior Ag  ORON.S :
    * ‍REVENUES INCREASED BY 10.9% TO CHF 585.5 MILLION​ FOR
2017
    * ‍BOARD OF DIRECTORS WILL PROPOSE ANOTHER INCREASE IN
DIVIDEND TO
CHF 2.17 PER SHARE AT ANNUAL GENERAL MEETING ON 12 APRIL 2018​
    * ‍EBITDA UP 12.1% TO CHF 57.7 MILLION ON IMPROVING MARGINS
AND
NET PROFIT UP 12.8% TO CHF 32.0 MILLION​ FOR 2017
    * ‍ORIOR IS ACQUIRING A MAJORITY INTEREST OF 65% IN THURELLA
AG​
    * ‍OFFER PRICE OF CHF 150 PER SHARE, LESS DIVIDEND OF CHF
2.00 PER
SHARE FOR 2017 FY WILL LIKELY BE APPROVED AT GENERAL MEETING OF
THURELLA AG​
    * ‍ACQUISITION WILL BE FINANCED WITH AVAILABLE CASH AS WELL
AS AN
EXISTING CREDIT LINE​

Source text for Eikon:  ID:nTENf2hrua 
Further company coverage:  ORON.S 

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