Net sales for the third quarter 2014 amounted to 252 MSEK (271), a decrease by 7 percent compared with the corresponding quarter previous year.
Sales in America increased, which did not fully compensate for the decrease in other markets. Orio continues to increase its market share with Saab Original parts for Saab cars, which is the foundation for implementing Orio‘s strategy.
Operating profit for the quarter amounted to 48 MSEK (83). Adjusted for the positive one-off effect of 43 MSEK in the corresponding quarter, operating profit for the quarter increased by 8 MSEK.
“We have had good sales growth in market segment America and during the third quarter, net sales there increased by a total of 5 percent compared with the same period last year. In the Nordic market, where we have seen increased competition, net sales have decreased at the same time as we have strengthened the gross margin,” says Jonas Tegström, CEO of Orio AB.
The interest to join the Orio global network is continued large and a number of new workshops have joined during the third quarter. To create good trading conditions and a broad sales network prior to the upcoming launch of a broader product range of spare parts for car makes other than Saab, the enrolment of workshops and other sales channels continues.