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?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).

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“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.

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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