Orio AB strengthens operating profit in the previous quarter

Did you know that Orio's logistics center in Nyköping has a storage space of approximately 88000 m2?

Orio AB reports an operating profit of MSEK 2 (-2) for the third quarter of 2019.  As sole distributor of Saab Original Parts, Orio is a spare parts supplier with a strong innovative spirit. Net sales amounted to MSEK 128 (148), a decrease of 14 percent compared with the corresponding quarter last year.

For the period January to September 2019, net sales amounted to MSEK 390 (467), a decrease by 16 percent compared to the corresponding period last year. Operating profit for the period amounted to MSEK -10 (1).

Orio saab parts

“Sales for the Parts business area, Orio Group’s spare parts division, were slightly better than the trend reflected in the number of Saab cars in use. The business area also strengthens its gross profit margin compared with the previous year”, says Gustaf Ljunggren, CEO of Orio AB.

During the third quarter of 2019, the Logistics business area continued to develop its existing customer portfolio. However, the number of new customer contracts for the business area during the period has not been in line with expectations. Cash flow from operations for the quarter was MSEK 11 (8) and the equity ratio per 30 September 2019 was 74 (75) percent.

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