Orio: Saab is still holding up

Orio AB

Orio AB is responsible for warehousing, sale and distribution of Saab Original parts and accessories for all Saab Service Centers and Saab Parts Centers globally and also sell logistics and engineering services.

Orio’s net sales for the third quarter of 2017 decreased by 5 percent compared to the corresponding quarter of the previous year and amounted to MSEK 188 (198). Operating profit for the quarter was MSEK 1 (12).

Net sales for the period January – September 2017 amounted to MSEK 587 (627), which is a decrease by 6 percent compared to the corresponding period of the previous year. Operating profit for the period was MSEK 4 (30).

During the year, the result has been positively affected by a major one-off recall campaign involving Saab cars in the USA. During the third quarter, we saw sales from this transaction gradually coming down. The transaction has contributed well to the result, but also given us the opportunity to get in closer contact with the Saab owners, says Jonas Tegström, CEO of Orio AB.

ORIO Saab parts

Within the third-party logistics business area, Orio is now becoming increasingly well-known, with several customer contracts signed. We can see an increased number of inquiries from prospective customers as Orio is now becoming more known as a player within third party logistics (3PL) rather than just a supplier of spare parts for the automotive business, says Jonas Tegström.

During the quarter, cash flow from operating activities was MSEK 37 (26) and equity ratio at 30 September 2017 was 77 percent (81).

Group key ratios July-Sep
Net sales, Msek 188 198 587 627
Operating profit/loss, Msek 1 12 4 30
Result for the period, Msek -3 10 -3 25
Cash flow from operating activities, Msek 37 26 17 48
Equity/assets ratio, % 77% 81% 77% 81%

Leave a Reply