ORIO: Implementation of a new organization dominates the quarter

Orio Saab parts

Orio AB reports an operating result of MSEK -1 (1) for the period January – March 2018. Net sales for the period amounted to MSEK 154 (185), a decrease by 17 percent compared to the corresponding period of the previous year

The first quarter of 2018 has been dominated by the implementation of Orio’s new organizational structure, which means that we strengthen the company by refining and dividing the business into two more independent business divisions: spare parts and logistics. At the same time, we simplify our processes and apply a new type of workflow, more transparent with broader responsibilities and directly adapted to customers’ needs of services over the internet, says Jonas Tegström, CEO of Orio AB.

Orio results 1st qt

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In terms of profit, we see continued decline in net sales of spare parts, especially in the UK and the US, says Jonas Tegström.

In the logistics area, Orio becomes an increasingly well-known player, and during the quarter further new customer contracts were signed.

Cash flow from operations for the quarter was MSEK -17 (-14) and the equity ratio per 31 March 2018 was 75 percent (79).

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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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