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    ORON   CH0111677362

ORIOR AG

(ORON)
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Delayed Quote. Delayed Swiss Exchange - 07/26 11:31:09 am
82.3 CHF   -0.36%
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 raises its interest in Casualfood

09/04/2019 | 12:05am EDT

ORIOR raises its interest in Casualfood

ORIOR, the internationally active Swiss food & beverage group, has increased its interest in Casualfood to 70 %, which further strengthens its broader strategic footprint by adding a new centre of competence specialised in small scale food islands in the fast-growing food service to-go market.

In the fall of 2018, ORIOR announced the multi-stage acquisition of Casualfood, beginning with an initial 35 % interest in the company. Having purchased an additional 35 % interest, ORIOR now owns a majority stake and Casualfood has been integrated into the ORIOR International segment as an independent centre of competence. Casualfood will therefore be fully consolidated as of September 2019. The purchase of this additional interest has been financed with internal funds and through existing lines of credit. ORIOR intends to acquire all remaining Casualfood shares in stages by 2022.

Casualfood's two founders and co-CEOs, Stefan Weber and Michael Weigel, are pleased that their successful company is becoming part of the ORIOR family and Weber will take a seat on the Group's Extended Executive Committee. Daniel Lutz, CEO of ORIOR Group, is also pleased: "Casualfood is a great company. The fine sense for brand worlds and trends is remarkable. Their success is also based on an unconventional, agile and creative way how this team creates new brand worlds with concise stories and their proximity to consumers with a strong focus on small scale food islands."

Further information about Casualfood (links)

Details on Casualfood's business model and core competencies can be found in the media release and presentation dated 4 September 2018. Please visit www.casualfood.de for further information on Casualfood's brand concepts and history.

Contact

Milena Mathiuet, Head of Corporate Communications & Investor Relations
Telephone +41 44 308 65 13, e-mail: investors@orior.ch

Investor Calendar

26 February 2020: Publication of full year results and annual report 2019

31 March 2020: 10th Annual General Meeting

19 August 2020: publication half-year results and half-year report 2020




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All news about ORIOR AG
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Financials
Sales 2021 616 M 673 M 673 M
Net income 2021 26,2 M 28,6 M 28,6 M
Net Debt 2021 143 M 156 M 156 M
P/E ratio 2021 20,5x
Yield 2021 2,87%
Capitalization 537 M 586 M 586 M
EV / Sales 2021 1,10x
EV / Sales 2022 1,05x
Nbr of Employees 2 028
Free-Float 97,9%
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Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 82,60 CHF
Average target price 85,00 CHF
Spread / Average Target 2,91%
EPS Revisions
Managers and Directors
Daniel Lutz Chief Executive Officer
Andreas Lindner Chief Financial Officer
Rolf U. Sutter Chairman
Sven Maushake Group Chief Information Officer
Monika Friedli-Walser Non-Executive Director
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