Brief: Orior H1 EBIT up 3.0% to 15.5 mln Swiss francs

Orior AG

23/08/2016 05:44

Aug 23(Reuters) - Orior AGv  ORON.S : 
    * Improvement of first-half operating results: EBITDA up 
1.3% to 22.7 million Swiss francs ($23.61 million), EBIT up 3.0% 
to 15.5 million Swiss francs and net profit up 17.4% to 12.1 
million Swiss francs 
    * H1 revenues of 239.5 million Swiss francs, 0.8% lower than 
in 1H 2015 
    * Culinor CEO Filip De Spiegeleire appointed to the 
Management Board of ORIOR AG 
    * Filip De Spiegeleire will also be appointed CEO of ORIOR 
Europe and will take a seat on the Management Board of ORIOR AG 
    * Culinor Food Group acquired, strengthening of ORIOR's core 
competence in the attractive premium fresh convenience food 
market 
    * Acquisition will take effect from end of August 2016 
    * Looking ahead to the second half of 2016, we expect the 
general environment to be very challenging and revenues will 
continue to be pressured by market forces and, in particular, 
pricing dynamics 
 
     
 Source text - http://bit.ly/2brEdOW 
     
 Further company coverage:  ORON.S   
    
 
 
 
($1 = 0.9615 Swiss francs) 
 
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