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Oriola Corporation revises guidance for continuing operations adjusted operating profit


Oriola Corporation Stock Exchange Release 13 July 2017 at 19.00

Oriola Corporation revises guidance for continuing operations adjusted operating

Despite the recent improvements in the performance of the Consumer business, the
result of the Business Area in 2017 will remain below 2016 level. The go-live of
the IT systems in Finland, planned for June, is postponed to the third quarter
of 2017. The delay will result in additional costs in the Services Business Area
in 2017. In the Healthcare business the costs for starting the Swedish dose
dispensing production for the Norrland region are higher than anticipated, and
the result of the Healthcare Business Area will stay negative in 2017.

Oriola has decided to divest its businesses in the Baltic countries. In the Half
Year Financial report the Baltic businesses will be classified as discontinued
operations and the assets and related liabilities will be classified as Assets
for sale. The net sales of the Baltic businesses in 2016 were EUR 54 million and
the Adjusted EBIT EUR 1.2 million.

Oriola's and Kesko's joint health and wellbeing store chain was approved by the
competition authorities in June 2017, and the joint venture agreement was
finalized on June 30. Oriola will report 50 per cent of the result of the joint
venture in the Consumer Business Area EBIT. The joint venture is expected to be
loss making during the build-up phase 2017 - 2019. Oriola's share of the loss in
2017 is estimated to be EUR 1.5 million.

Revised outlook for 2017

The Adjusted EBIT of continuing operations on constant currency basis is
estimated to decrease from the 2016 level. The 2016 Adjusted EBIT from
continuing operations, at comparable currencies, was EUR 59.3 million.

The previous guidance, published 13 February 2017 and repeated 28 April, 2017,
was that the Adjusted EBIT will stay at 2016 level, which was EUR 61.1 million.

Oriola Corporation will publish the Half Year Financial report 1 January - 30
June 2017 on July 21 at 8.30. Oriola will organize a meeting for investors,
analysts and the press on Friday, 21 July 2017 at 10.00 a.m. at Hotel Scandic
Simonkenttä, meeting room Tapiola, Simonkatu 9, 00100 Helsinki, Finland.

For further information, please contact:

Eero Hautaniemi, President and CEO, Tel. +358 10 429 2109, E-mail:

Sari Aitokallio, CFO, Tel. +358 10 429 2112, E-mail:

Distribution: NASDAQ OMX Helsinki Ltd., Key media