Orion Oyj: Orion Group Interim Report 1-3/2021
Orion
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This is a summary of Orion s Interim Report 1-3/2021. The complete report is attached to this stock exchange release and is available at https://www.orion.fi/en/Orion-group/investors/financial-reviews-and-presentations/
Net sales totalled EUR 269 million (EUR 280 million in 1-3/2020).
Operating profit was EUR 75 (84) million.
Profit before taxes was EUR 75 (83) million.
Equity ratio was 54% (69%).
ROCE before taxes was 38% (39%).
ROE after taxes was 35% (33%).
Basic earnings per share were EUR 0.42 (0.48).
Cash flow per share before financial items was EUR 0.19 (0.34).
The outlook for 2021 remains unchanged. Orion estimates that net sales in 2021 will be slightly lower than in 2020 (net sales in 2020 were EUR 1,078 million). Operating profit is estimated to be lower or clearly lower than in 2020 (operating profit in 2020 was EUR 280 million).
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Strong performance amid challenges brought on by COVID-19 pandemic
“The COVID-19 pandemic made 2020 an exceptional and demanding year for Orion and for the world. The strong spike in demand for pharmaceuticals seen in March and April brought challenges to Orion’s production and logistics. However, we prevailed due to the strong commitment and hard work of our people. We strived successfully – and will carry on striving – to ensure that pharmaceuticals manufactured and sold by Orion continue to be available to patients. Our current inventory status is good, but we need to keep working to this effect, as the risk of disruptions in global pharmaceutical supply chains remains higher than usual owing to the pandemic. In the current exceptional circumstances, we have prioritised looking after the health and safety of our employees and ensuring production continuity and patient safety in ongoing clinical trials, and we will continue to do so. Amidst the pandemic, we pushed ourselve
Orion Oyj: Orion Group Financial Statement Release for 2020
Orion Group Financial Statement Release for 2020
This is a summary or Orion s Financial Statement Release for 2020. The complete report is attached to this stock exchange release and is available at
https://www.orion.fi/en/Orion-group/investors/financial-reviews-and-presentations/
Net sales totalled EUR 1,078 million (EUR 1,051 million in 2019).
Operating profit was EUR 280 (253) million.
Net sales and operating profit include milestone payments amounting to EUR 42 (51) million.
Profit before taxes was EUR 278 (251) million.
Equity ratio was 67% (77%).
ROCE before taxes was 35% (30%).
ROE after taxes was 29% (26%).
Basic earnings per share were EUR 1.56 (1.43).
Cash flow per share before financial items was EUR 1.85 (1.68).
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