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Oriola-KD to improve efficiency in Swedish pharmaceutical retail operations
21.9.2011
Oriola-KD Corporation Stock Exchange Release 21 September 2011 at 3.00 p.m. Kronans Droghandel pharmacy chain has completed the implementation of a new information system to all its 202 pharmacies in Sweden. This will enable the company to further accelerate the efficiency program. The Kronans Droghandel Apotek AB has today decided to start negotiations with the unions to reduce with a maximum of 40 positions to enhance the efficiency and profitability. Kronans Droghandel Apotek AB is a jointly owned company of Oriola-KD and KF (Kooperativa Förbundet). Oriola-KD has 80 per cent and KF 20 per cent ownership of the pharmacy company. Oriola-KD Corporation Eero Hautaniemi President and CEO Kimmo Virtanen Executive Vice President and CFO Further information: Eero Hautaniemi President and CEO tel. +358 (0)10 429 2109 e-mail: eero.hautaniemi@oriola-kd.com Kimmo Virtanen Executive Vice President and CFO tel. +358 (0)10 429 2069 e-mail: kimmo.virtanen@oriola-kd.com Pellervo Hämäläinen Vice President, Communications and IR tel. +358 (0)10 429 2497 e-mail: pellervo.hamalainen@oriola-kd.com Distribution NASDAQ OMX Helsinki Ltd Principal media Published by: Oriola-KD Corporation Corporate Communications Orionintie 5 FI-02200 Espoo, Finland www.oriola-kd.com [HUG#1548574]