Oriola Corporation Insider Information 20 January 2022 at 8.30 a.m.
Oriola issues a positive profit warning and provides preliminary information on its year 2021 financial performance
Oriola continued to improve its profitability during the last quarter 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 EUR 1 880 million and adjusted EBIT in 2021 will be approximately EUR 26 million. Adjusted EBIT on constant currency will be approximately EUR 25 million.
The adjusted EBIT was EUR 21 million in 2020.
The earlier outlook was published 18 February 2021, and repeated latest 27 October 2021:
The adjusted EBIT on a constant currency basis stays on the same level or increases from the 2020 level.
Oriola will publish its financial statements for 2021 on February 18, 2022.
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