Oriola-KD's operating profit for 2010 is forecasted to be lower than in 2009
(Thomson Reuters ONE) -
Oriola-KD Corporation stock exchange release 21 April 2010 at 8.30 am
Oriola-KD Corporation changes its operating profit outlook for 2010 issued on
11 February 2010 due to difficult market conditions in Russia. The outlook for
net sales in 2010 remains unchanged.
Oriola-KD Group's net sales for January-March 2010 were EUR 449.0 million (EUR
403.5 million) and operating profit EUR 4.2 million (EUR 12.4 million).
Operating profit decreased due to Russian business operations. The Russian
pharmaceutical market declined approximately 10 per cent in Russian roubles,
which in combination with the price regulation of pharmaceuticals led to very
fierce competition. Oriola-KD's other businesses performed according to
expectations.
Outlook issued on 11 February 2010 concerning net sales and operating profit
Oriola-KD's net sales and operating profit for 2010 are forecasted to be higher
than in 2009.
New outlook concerning net sales and operating profit
Oriola-KD's net sales for 2010 is forecasted to be higher than in 2009 and
operating profit is forecasted to be lower than in 2009. Pharmaceutical Trade
Russia's operating profit is forecasted to be clearly lower than in 2009.
Oriola-KD will publish its first quarter 2010 result on 29 April 2010.
Oriola-KD Corporation
Eero Hautaniemi
President and CEO
Kimmo Virtanen
Executive Vice President and CFO
Further information:
Pellervo Hämäläinen
Vice President, Communications and Investor Relations
tel. +358 (0)10 429 2497
e-mail: pellervo.hamalainen(at)oriola-kd.com
Eero Hautaniemi
President and CEO
tel. +358 (0)10 429 2109
e-mail: eero.hautaniemi(at)oriola-kd.com
Kimmo Virtanen
Executive Vice President and CFO
tel. +358 (0)10 429 2069
e-mail: kimmo.virtanen(at)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#1406105]
Unternehmensinformation / Kurzprofil:
Datum: 21.04.2010 - 07:31 Uhr
Sprache: Deutsch
News-ID 19378
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contact information:
Town:
Espoo
Kategorie:
Business News
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