SAAB News

Orio AB Invests for the future and successes within logistics

Orio Saab parts

In November 2013, Saab Automobile Parts was renamed Orio AB, and their products and services were expanded to cover other models on the market as well. But this was just one small step on a long, successful journey that began in Linköping, Sweden, in 1947.

Today, Orio’s net sales for the second quarter of 2017 decreased by 7 percent compared to the corresponding quarter of the previous year and amounted to MSEK 214 (220). Operating profit for the quarter was MSEK 2 (13).

Net sales for the period January – June 2017 amounted to MSEK 399 (429), which is a decrease by 6 percent compared to the corresponding period of the previous year. Operating profit for the period was MSEK 3 (18).

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The second quarter has been dominated by significant investments in the Orio Parts business, both in terms of cash spending and in labour efforts, and where the launch of a broader product range continues in important markets. We have also taken new steps forward within the telematic area, where we are still focusing on Saab but also including Orio Parts for other makes in the development, says Jonas Tegström, CEO of Orio AB.

ORIO Saab parts

During the second quarter of we have also been successful within the third-party logistics business area, with the signing of several customer contracts, says Jonas Tegström.

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During the quarter, cash flow from operating activities was MSEK -6 (32) and equity ratio at 30 June 2017 was 75 percent (79).

Group key ratios April-June
2017
April-June
2016
Jan-June
2017
Jan-June
2016
Net sales, Msek 214 220 399 429
Operating profit/loss, Msek 2 13 3 18
Result for the period, Msek 0 9 0 15
Cash flow from operating activities, Msek -6 32 -20 22
Equity/assets ratio, % 75% 79% 75% 79%
Goran Aničić
the authorGoran Aničić
For over 10 years, Goran Aničić has been passionately focused on Saab automobiles and everything related to them. His initial encounter with Saab cars took place back in 2003 when the first Saab 9-3 and sedan version were introduced. At that moment, he was captivated by the car's Scandinavian design logic and top-notch engineering, and everything that followed stemmed from that first encounter. Later on, through his work at the editorial team of the Serbian automotive magazines "Autostart" and later "AutoBild," he had the opportunity to engage more closely with Saab vehicles. In 2008, he tested the latest Saab cars of that time, such as the Saab 9-3 TTiD Aero and Saab 9-3 Turbo X. In 2010, as the sole blogger from the region, he participated in the Saab 9-5ng presentation in Trollhättan, Sweden. Alongside journalists from around the world, he got a firsthand experience of the pinnacle of technological offerings from Saab at that time. Currently, Goran owns two Saabs: a 2008 Saab 9-3 Vector Sportcombi with a manual transmission, and a Saab 9-3 Aero Griffin Sport Sedan from the last generation, which rolled off the production line in Trollhättan in December 2011.

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