Orthex Oyj Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 25, 2022 at 02:00 am EDT
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Orthex Oyj reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was EUR 21.01 million compared to EUR 22.18 million a year ago. Net loss was EUR 0.619 million compared to net income of EUR 1.56 million a year ago. Basic loss per share from continuing operations was EUR 0.03 compared to basic earnings per share from continuing operations of EUR 0.09 a year ago.
For the six months, sales was EUR 41.59 million compared to EUR 43.81 million a year ago. Net income was EUR 0.505 million compared to EUR 2.81 million a year ago. Basic earnings per share from continuing operations was EUR 0.03 compared to EUR 0.16 a year ago.
Orthex Oyj is a Finland-based houseware company, that designs, produces and sells household products with a mission to make consumersâ everyday life easier. Orthexâs products cover multifunctional assortment of storage boxes, kitchen products and products for home and yard. The Company markets and sells its products under three main consumer brands: SmartStore, GastroMax and Orthex. In addition, it sells externally produced kitchen products under the Kokskungen brand. The Company serves various customer types in retail, such as traditional convenience stores, specialty and hardware retailers, online stores, and department stores. Orthex Group has customers in 40 countries and on four continents. It has three factories of its own in Finland and in Sweden.