Oriola Corporation Stock Exchange Release 18 December 2017 at 4.30 pm.
Oriola Corporation specifies the outlook for 2017
The implementation of the new ERP and warehouse management system in Finland in the beginning of September has continued to burden the fourth quarter results of the Services business area, and the whole year result will decrease from previous year. The impact of lost sales, and costs of additional freights and resourcing in 2017 is estimated to be EUR 10-11 million. In the Consumer business area the whole year result will decrease from previous year. The Healthcare business area’s development has been positive during the fourth quarter, but the whole year result will stay negative.
Oriola’s updated outlook for 2017 is: The financial year 2017 adjusted EBIT from continuing operations on constant currency basis is estimated to be EUR 39 - 42 million.
Oriola’s previous outlook, published July 13, 2017 was: 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.
Oriola Corporation will publish its financial statements release for 1 January - 31 December 2017 on Tuesday, 13 February 2018.
For further information, please contact:
Sari Aitokallio, CFO, tel. +358 10 429 2112, email: firstname.lastname@example.org
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