Orion Group Interim Report 1-9/2020

Written by Customer Service on . Posted in Public Companies.

ORION CORPORATION            INTERIM REPORT 1-9/2020    21 OCTOBER 2020 at 12:00 noon EEST Orion Group Interim Report 1-9/2020This is a summary of Orion’s Interim Report 1-9/2020. 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 823 million (EUR 776 million in January–September 2019).Operating profit was EUR 246 (198) million.Both net sales and operating profit include a total of EUR 37 (47) million milestone payments.Profit before taxes was EUR 245 (196) million.Equity ratio was 70% (78%).ROCE before taxes was 40% (32%).ROE after taxes was 34% (28%).Basic earnings per share were EUR 1.38 (1.10).Cash flow per share before financial items was EUR 1.52 (1.28).Outlook for 2020 was updated after the review period on 19 October 2020. Orion estimates that in 2020 net sales will be at a similar level as in 2019 or slightly higher than in 2019 (net sales in 2019 were EUR 1,051 million). Operating profit is estimated to be higher or clearly higher than in 2019 (in 2019 operating profit was EUR 253 million). KEY FIGURES

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