Orio’s net sales for the fourth quarter of 2018 decreased by 19 percent compared to the corresponding quarter of the previous year and amounted to MSEK 136 (168). Operating result for the quarter was MSEK -41 (-28), which includes items affecting comparability of MSEK -33 (-23).
Net sales for the period January – December 2018 amounted to MSEK 603 (755), which is a decrease by 20 percent compared to the corresponding period of the previous year. Operating result for the period was MSEK -40 (-24). Operating result includes items affecting comparability in the amount of MSEK -36 (-39).
In the Parts business area, the quarter was characterized by a continued decline in net sales of Saab spare parts, but with a lower rate of decline and a stable margin. The investments in Saab have increased during Q4 and will also continue in the coming periods. So far, investments have resulted in increased stability in the sales of Saab parts, says Jonas Tegström, CEO of Orio AB.
During the period, the company also decided to discontinue its investments in Orio Parts. The reason for this is limited growth and poor profitability development. In the Logistics business area, a continued increase in sales was reported during the quarter compared with the previous year. During the quarter, cash flow from operating activities was MSEK 9 (15) and equity ratio at 31 December 2018 was 72 percent (74).