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Orion Group Half-Year Financial Report 1-6/2020

Written by Customer Service on . Posted in Public Companies.

ORION CORPORATION            HALF-YEAR FINANCIAL REPORT 1-6/2020     17 JULY 2020 at 12:00 noon EEST Orion Group Half-Year Financial Report 1-6/2020This is a summary of Orion’s Half-Year Financial Report 1-6/2020. 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 572 million (EUR 493 million in January–June 2019).Operating profit was EUR 181 (107) million.Both net sales and operating profit include a total of EUR 33 million milestone payments.Profit before taxes was EUR 180 (105) million.Equity ratio was 65% (73%).ROCE before taxes was 44% (27%).ROE after taxes was 38% (24%).Basic earnings per share were EUR 1.02 (0.59).Cash flow per share before financial items was EUR 0.90 (0.57).Outlook for 2020 was updated after the review period on 8 July 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 slightly higher or higher than in 2019 (in 2019 operating profit was EUR 253 million). 

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