Pressmeddelande -
Orio Parts and Logistics on the march
Orio AB reports an operating result of MSEK 1 (5) for the period January – March 2017. Net sales for the period amounted to MSEK 185 (209), a decrease by 11 percent compared to the corresponding period of the previous year.
- The first quarter of 2017 has been dominated by the work with developing further the Orio Parts business, where the main actions have been to recruit new customers and - not the least – to increase the Orio Parts portfolio with 35,000 part numbers. Orio now offers, aside from the comprehensive Saab Original assortment, a wide range of parts for 26 of the most common car makes in Sweden, says Jonas Tegström, CEO of Orio AB.
- The Logistics business is progressing according to plan. As a part of attaining to a clearer structure and transparency in the Logistics business, the real estate property formerly owned by the parent company has been sold internally to a wholly owned company of the Orio group. The transaction has entailed a one-off cost for excise duty in the amount of MSEK 7.2, which has been recognized in the income statement during the period, says Jonas Tegström.
- Cash flow from operations for the quarter was MSEK -14 (-10) and the equity ratio per 31 March 2017 was 79 percent (79).
| Group key ratios | Jan - March 2017 | Jan - March 2016 | ||
| Net sales, Msek | 185 | 209 | ||
| Operating profit/loss, Msek | 1 | 5 | ||
| Result for the period, Msek | 0 | 6 | ||
| Cash flow from operating activities, Msek | -14 | -10 | ||
| Equity/assets ratio, % | 79% | 79% |
For further information, please contact Jonas Tegström, CEO, tel: +46 155 24 40 09
Kategorier
Orio AB supplies automotive spare parts globally and third party logistics services. It is headquartered in Nyköping, where the logistics and distribution center is also situated. Orio also has an office in Trollhättan, Sweden, and nine wholly-owned subsidiaries in Europe and the USA.
