Oriola Corporation revises guidance for 2019

Oriola Corporation Stock Exchange Release 19 June 2019 at 8:30 a.m.

Oriola Corporation revises guidance for 2019

Oriola Corporation specifies its outlook and changes its guidance for 2019. Oriola estimates that the adjusted EBIT of continuing operations on constant currency basis will decrease from 2018 level. Adjusted EBIT is affected by the pharmacy market online transformation in Sweden, where consumer behavior is changing faster than expected from brick-and-mortar to online. Also, strong price competition lowers margins. In addition, slow ramp-up in the distribution center in Sweden is causing prolonged extra operational costs.

The new revised guidance for 2019

The adjusted EBIT of continuing operations on constant currency basis is estimated to decrease from 2018 level.

The 2018 adjusted EBIT from continuing operations was EUR 36.9 million.

The earlier guidance published 22 February 2019, and repeated 26 April 2019

The adjusted EBIT of continuing operations on constant currency basis is estimated to increase from the 2018 level.

Oriola Corporation

Robert Andersson
President and CEO

Further information:

Robert Andersson
President and CEO
Tel. +358 10 429 2109
Email: robert.andersson@oriola.com

Helena Kukkonen
CFO
Tel. +358 10 429 2112
Email: helena.kukkonen@oriola.com

Distribution:
Nasdaq Helsinki Ltd.
Key media

Released by:
Oriola Corporation
Corporate Communications
Orionintie 5
02200 Espoo
www.oriola.com