Oriola Issues Positive Earnings Warning and Provides Early 2021 Financial Performance Information

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Oriola Corporation Inside Information January 20, 2022 at 8:30 am

Oriola issues a positive profit warning and provides preliminary information on its financial results for the year 2021

Oriola continued to improve its profitability in the last quarter of 2021, driven by rigorous turnaround actions and positive market demand.

Based on preliminary unaudited information, the company estimates that its net sales in 2021 will be approximately €1 880 million and adjusted EBIT in 2021 will be around 26 million euros. Adjusted EBIT at constant currency will be approximately 25 million euros.

Adjusted EBIT was 21 million euros in 2020.

The first perspectives have been published February 18, 2021, and repeated later October 27, 2021:
Adjusted EBIT at constant currency remains at the same level or increases compared to the level of 2020.

Oriola will publish its financial statements for 2021 on February 18, 2022.

Oriola SocietyElisa MarkulaCEO

Further information :

Elisa MarkulaCEO
Phone. +358 50 596 0978
Email: [email protected]

Distribution:
Nasdaq Helsinki Ltd
Key media

Produced by:
Oriola Company
Business communication
Orionintia 5
FI-02200 Espoo
www.oriola.com

https://news.cision.com/oriola-oyj/r/oriola-issues-a-positive-profit-warning-and-provides-preliminary-information-on-its-year-2021-financ,c3489289

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