Oriola Corporation Stock Exchange Release
Q2 2022: Solid performance continued - operating environment remains uncertain
Reporting information for 2021 has been restated to reflect
April-
Continuing operations
- Invoicing increased by 3.7% to
EUR 903.9 (871.6) million. On a constant currency basis, invoicing increased by 6.0% and wasEUR 923.6 million . -
Net sales increased by 9.5% to
EUR 394.6 (360.3) million. On a constant currency basis, net sales increased by 12.0% and wereEUR 403.4 million . -
Comparable adjusted EBIT and adjusted EBIT was
EUR 5.5 (2.0) million for continuing operations. On a constant currency basis, the comparable adjusted EBIT and adjusted EBIT wasEUR 5.6 million . -
EBIT was
EUR 7.0 (1.2) million. On a constant currency basis, EBIT wasEUR 7.2 million . -
Profit for the period totalled
EUR 5.5 (0.7) million and earnings per share wereEUR 0.03 (0.00).
Discontinued operations
- Invoicing decreased by 2.4% to
EUR 208.0 (213.1) million. On a constant currency basis, invoicing increased by 0.8% and wasEUR 214.9 million . -
Net sales decreased by 2.5% to
EUR 202.3 (207.5) million. On a constant currency basis, net sales increased by 0.7% and wereEUR 209.0 million . -
Comparable adjusted EBIT was
EUR 3.1 (2.0) million. On a constant currency basis, the comparable adjusted EBIT wasEUR 3.0 million . -
Adjusted EBIT was
EUR 9.8 (2.0) million. On a constant currency basis, the adjusted EBIT wasEUR 9.9 million . -
Adjusted EBIT includes a positive impact of
EUR 6.8 million from lower depreciations, as non-current assets of discontinued operations are classified as held for sale and not depreciated. Comparable adjusted EBIT excludes the positive impact from depreciations. -
EBIT was
EUR 9.7 (1.9) million. On a constant currency basis, EBIT wasEUR 9.8 million . -
Profit for the period totalled
EUR 6.5 (0.3) million and earnings per share wereEUR 0.04 (0.00).
Continuing and discontinued operations
- Invoicing increased by 3.5% to
EUR 1,019.0 (984.5) million. On a constant currency basis, invoicing increased by 5.9% and wasEUR 1,042.5 million . -
Net sales increased by 7.8% to
EUR 504.0 (467.5) million. On a constant currency basis, net sales increased by 10.4% and wereEUR 516.4 million . -
Comparable adjusted EBIT was
EUR 8.6 (4.1) million. On a constant currency basis, the comparable adjusted EBIT wasEUR 8.6 million . -
Adjusted EBIT was
EUR 15.3 (4.1) million. On a constant currency basis, the adjusted EBIT wasEUR 15.6 million . -
Adjusted EBIT includes a positive impact of
EUR 6.8 million from lower depreciations, as non-current assets of discontinued operations are classified as held for sale and not depreciated. Comparable adjusted EBIT excludes the positive impact from depreciations. -
EBIT was
EUR 16.7 (3.0) million. On a constant currency basis, EBIT wasEUR 17.0 million . -
Profit for the period totalled
EUR 12.0 (0.9) million and earnings per share wereEUR 0.07 (0.01).
January-
Continuing operations
- Invoicing increased by 5.0% to
EUR 1,790.6 (1,705.8) million. On a constant currency basis, invoicing increased by 7.4% and wasEUR 1,831.6 million . -
Net sales increased by 8.6% to
EUR 767.4 (706.7) million. On a constant currency basis, net sales increased by 11.1% and wereEUR 785.3 million . -
Comparable adjusted EBIT and adjusted EBIT was
EUR 10.2 (2.9) million for continuing operations. On a constant currency basis, the comparable adjusted EBIT and adjusted EBIT wasEUR 10.4 million . -
EBIT was
EUR 10.3 (1.1) million. On a constant currency basis, EBIT wasEUR 10.6 million . -
Profit for the period totalled
EUR 7.6 (0.5) million and earnings per share wereEUR 0.04 (0.00).
Discontinued operations
- Invoicing was
EUR 417.5 (417.4) million and remained at the previous year's level. On a constant currency basis, invoicing increased by 3.5% and wasEUR 431.9 million . -
Net sales were
EUR 407.4 (407.2) million and remained at the previous year's level. On a constant currency basis, net sales increased by 3.5% and wereEUR 421.4 million . -
Comparable adjusted EBIT was
EUR 9.9 (1.5) million. On a constant currency basis, the comparable adjusted EBIT wasEUR 9.9 million . -
Adjusted EBIT was
EUR 20.2 (1.5) million. On a constant currency basis, the adjusted EBIT wasEUR 20.5 million . -
Adjusted EBIT includes a positive impact of
EUR 10.2 million from lower depreciations, as non-current assets of discontinued operations are classified as held for sale and not depreciated. Comparable adjusted EBIT excludes the positive impact from depreciations. -
EBIT was
EUR 19.7 (1.4) million. On a constant currency basis, EBIT wasEUR 20.0 million . -
Profit for the period totalled
EUR 13.3 (-1.3) million and earnings per share wereEUR 0.07 (-0.01).
Continuing and discontinued operations
- Invoicing increased by 4.8% to
EUR 2,019.6 (1,927.0) million. On a constant currency basis invoicing increased by 7.4% and wasEUR 2,068.6 million . -
Net sales increased by 7.5% to
EUR 986.2 (917.7) million. On a constant currency basis net sales increased by 10.2% and wereEUR 1,011.7 million . -
Comparable adjusted EBIT was
EUR 20.1 (4.4) million. On a constant currency basis, the comparable adjusted EBIT wasEUR 20.4 million . -
Adjusted EBIT was
EUR 30.3 (4.4) million. On a constant currency basis, the adjusted EBIT wasEUR 31.0 million . -
Adjusted EBIT includes a positive impact of
EUR 10.2 million from lower depreciations, as non-current assets of discontinued operations are classified as held for sale and not depreciated. Comparable adjusted EBIT excludes the positive impact from depreciations. -
EBIT was
EUR 30.0 (2.5) million. On a constant currency basis, EBIT wasEUR 30.6 million . -
Profit for the period totalled
EUR 20.8 (-0.7) million and earnings per share wereEUR 0.11 (-0.00).
Key figures | 2022 | 2021 | Change | 2022 | 2021 | Change | 2021 |
EUR million | 4-6 | 4-6 | % | 1-6 | 1-6 | % | 1-12 |
Continuing operations |
|
|
|
|
|
|
|
Invoicing | 903.9 | 871.6 | 3.7 | 1,790.6 | 1,705.8 | 5.0 | 3,506.9 |
Net sales | 394.6 | 360.3 | 9.5 | 767.4 | 706.7 | 8.6 | 1,452.2 |
Comparable adjusted EBIT1 | 5.5 | 2.0 | 170.0 | 10.2 | 2.9 | 250.7 | 14.9 |
Adjusted EBIT1 | 5.5 | 2.0 | 170.0 | 10.2 | 2.9 | 250.7 | 14.9 |
EBIT | 7.0 | 1.2 | 503.6 | 10.3 | 1.1 | 819.7 | 10.7 |
Adjusted EBIT % | 1.4 | 0.6 |
| 1.3 | 0.4 |
| 1.0 |
EBIT % | 1.8 | 0.3 |
| 1.3 | 0.2 |
| 0.7 |
Profit for the period | 5.5 | 0.7 | 721.2 | 7.6 | 0.5 | 1,384.0 | 8.6 |
Earnings per share, EUR, continuing operations | 0.03 | 0.00 |
| 0.04 | 0.00 |
| 0.05 |
Earnings per share, EUR, discontinued operations | 0.04 | 0.00 |
| 0.07 | -0.01 |
| 0.01 |
|
|
|
|
|
|
|
|
Continuing and discontinued operations |
|
|
|
|
|
|
|
Invoicing | 1,019.0 | 984.5 | 3.5 | 2,019.6 | 1,927.0 | 4.8 | 3,959.1 |
Net sales | 504.0 | 467.5 | 7.8 | 986.2 | 917.7 | 7.5 | 1,882.4 |
Comparable adjusted EBIT1, 4 | 8.6 | 4.1 | 110.7 | 20.1 | 4.4 | 361.1 | 26.3 |
Adjusted EBIT1, 2 | 15.3 | 4.1 | 276.7 | 30.3 | 4.4 | 596.0 | 26.3 |
EBIT2 | 16.7 | 3.0 | 449.7 | 30.0 | 2.5 | 1,086.4 | 20.5 |
Comparable adjusted EBIT %4 | 1.7 | 0.9 |
| 2.0 | 0.5 |
| 1.4 |
Adjusted EBIT %2 | 3.0 | 0.9 |
| 3.1 | 0.5 |
| 1.4 |
EBIT %2 | 3.3 | 0.7 |
| 3.0 | 0.3 |
| 1.1 |
Net cash flow from operating activities3 | 38.9 | 28.2 | 38.0 | 67.7 | 14.0 | 382.3 | 40.0 |
|
|
|
|
|
|
|
|
Gearing, % 3 |
|
|
| 18.7 | 53.8 |
| 46.5 |
Equity ratio, % 3 |
|
|
| 19.8 | 18.0 |
| 20.1 |
Return on capital employed (ROCE), % 3 |
|
|
| 14.5 | 1.1 |
| 4.6 |
1 Adjusting items are specified in note 13 Adjusting items.
2 The periods presented in the table are not fully comparable, because a non-current asset classified as held for sale is not depreciated.
3 Includes discontinued operations.
4 Includes depreciations for the period in which the non-current assets are classified as held for sale.
In order to reflect the underlying business performance and to enhance comparability between financial periods,
Outlook for 2022
The comparable adjusted EBIT is estimated to increase from the 2021 level.
The COVID-19 pandemic continues, and severity as well as duration of the pandemic remain unclear in
The outlook remains based on current group structure, including both continuing operations and discontinued operations. The comparable adjusted EBIT in 2021 was
CEO
"In the second quarter,
At the end of June, we received positive news from
During the second quarter, we continued implementing our short-term action plan to secure
Our focus at
In addition, I would like to express my thanks to all our employees for their great work that has enabled us to keep our customer promise. Without your everyday commitment, this would not have been possible."
Disclosure procedure
This
Analyst and investor meeting
Further information
VP, Communications and Sustainability
tel. +358 40 5885 343
email: tuula.lehto@oriola.com
email: investor.relations@oriola.com
Distribution:
Key media
Released by:
Corporate Communications
Orionintie 5
FI-02200 Espoo,
www.oriola.com
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