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OFFON
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    ORON   CH0111677362

ORIOR AG

(ORON)
  Report
Delayed Quote. Delayed Swiss Exchange - 07/30 11:31:07 am
85.5 CHF   +3.01%
05/05THE ORIOR RESPONSIBILITY : GRI Sustainability Report published
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05/05ORIOR AG | GRI Sustainability Report 2020
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04/28ORIOR AG : Ex-dividend day for final dividend
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ORIOR AG | Initial commentary on coronavirus impact

04/08/2020 | 12:10pm EDT

Initial commentary on coronavirus impact

The extraordinary circumstances the world is currently facing as a result of the coronavirus pose challenges at every level and in every areas. As a food and beverage company, ORIOR is part of the national food supply network and is doing everything in its power to perform its duties as best it can. All production sites are operating at a high rate of capacity and under heightened safety and protective measures. A special thanks is extended to all employees during this unprecedented time, particularly to those who work in production. They are working very hard under challenging conditions to maintain our high levels of supply readiness.

Due to the measures imposed by the Swiss government, demand for food products in the retail channel, and thus for the product categories ORIOR supplies to retailers, has increased sharply. Meanwhile sales with restaurants and food service providers in general have declined partly dramatically. From today's standpoint, the decline in these sales channels will not be completely offset in the near term by the increase in sales with food retailers. The situation in the Benelux is similar. Casualfood, the food service to go specialist with food islands in high-frequency locations, had to close most of its points of sale in airports. The employees affected by these shutdowns are receiving short-time work allowances from the government. Very few of the employees in Switzerland and Belgium are on short-time work.

Reliable projections of the course of business in 2020 are not possible due to the current uncertainties. Our priorities are keeping employees safe and healthy and maintaining a high level of supply readiness.

The previous guidance for fiscal 2020 can for now not be confirmed due to the uncertainty regarding future circumstances. No changes have been made to our mid- to long-term goals nor to the dividend policy that has been in place since the IPO, thanks to the Group's broader footprint and strategic positioning.

We are doing everything in our power every day to manage the current crisis and contribute our part. In closing, we wish you and your loved ones good health.

Sincerely, ORIOR

 

Contact

Milena Mathiuet, Head of Corporate Communications & Investor Relations

Telephone +41 44 308 65 13, email: investors@orior.ch

Investor calendar

4 June 2020: Annual General Meeting of Shareholders

19 August 2020: Publication of half-year results for 2020




Provider
Channel
Contact
Tensid EQS Ltd., Switzerland
www.tensid.ch


newsbox.ch
www.newsbox.ch


Provider/Channel related enquiries
marco@tensid.ch
+41 41 763 00 50
All news about ORIOR AG
05/05THE ORIOR RESPONSIBILITY : GRI Sustainability Report published
PU
05/05ORIOR AG | GRI Sustainability Report 2020
TE
04/28ORIOR AG : Ex-dividend day for final dividend
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04/28ORIOR AG : Ex-dividend day for Distribution from share premium account
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04/27ORIOR : Shareholders approve all proposals of the Board of Directors
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04/26ORIOR AG | Shareholders approve all proposals of the Board of Directors
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03/10ORIOR : FY20 Profit Slips on COVID-19 Lockdown Impact; Dividend Raised
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03/10Orior Ag Reports Earnings Results for the Full Year Ended December 31, 2020
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03/10ORIOR : performs well in domestic Swiss market; coronavirus-related factors leav..
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03/10ORIOR AG | Media Release Full Year Results 2020
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More news
Financials
Sales 2021 616 M 681 M 681 M
Net income 2021 26,2 M 28,9 M 28,9 M
Net Debt 2021 143 M 158 M 158 M
P/E ratio 2021 21,2x
Yield 2021 2,77%
Capitalization 556 M 614 M 614 M
EV / Sales 2021 1,13x
EV / Sales 2022 1,08x
Nbr of Employees 2 028
Free-Float 97,9%
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Technical analysis trends ORIOR AG
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TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 85,50 CHF
Average target price 85,00 CHF
Spread / Average Target -0,58%
EPS Revisions
Managers and Directors
Daniel Lutz Chief Executive Officer
Andreas Lindner Chief Financial Officer
Rolf U. Sutter Chairman
Monika Friedli-Walser Non-Executive Director
Walter Lüthi Non-Executive Director
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