Oriola starts 20by20 Excellence programme

Oriola Corporation Stock Exchange Release 22 February 2019 at 14:55 p.m.

Oriola starts 20by20 Excellence programme

Oriola today starts the 20by20 Excellence programme to deliver EUR 20 million annualised savings compared to 2018 cost level. Savings are expected to materialise gradually from the second half of 2019, with full effect by the end of 2020.

The programme will systematically review all operations and resources to ensure efficient and high-quality operations as well as reduce costs. The Group-wide programme will cover all business areas, operations and functions. The planned actions include improving logistics efficiency, savings in indirect and direct purchasing, product and service portfolio optimisation as well as lean and simplified processes throughout the group.

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

www.oriola.com