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Orion Group Interim Report 1-3/2020

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

ORION CORPORATION            INTERIM REPORT 1-3/2020    28 APRIL 2020 at 12:00 noon EEST Orion Group Interim Report 1-3/2020This is a summary of Orion’s Interim Report 1-3/2020. 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 were EUR 280 million (EUR 241 million in January–March 2019).Operating profit was EUR 84 (55) million.Profit before taxes was EUR 83 (54) million.Equity ratio was 69% (52%).ROCE before taxes was 39% (26%).ROE after taxes was 33% (25%).Basic earnings per share were EUR 0.48 (0.30).Cash flow per share before financial items was EUR 0.34 (0.40).Outlook for 2020 was updated after the review period on 24 April 2020. Orion estimates that in 2020 net sales will be at a similar level as in 2019 (net sales in 2019 were EUR 1,051 million). Operating profit is estimated to be at a similar level as in 2019 (in 2019 operating profit was EUR 253 million). 

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