Orion upgrades full-year outlook for 2015
(Thomson Reuters ONE) -
ORION CORPORATION STOCK EXCHANGE RELEASE 9 JULY 2015 at 11.15 a.m.
EEST
Orion upgrades full-year outlook for 2015
Orion Corporation upgrades the full-year outlook estimate for 2015 provided on
24 April 2015. Net sales of the first half of 2015 was EUR 515 million and
operating profit of the first half of 2015 EUR 157 million. Based on the good
start for the year the company estimates that the full-year net sales and
operating profit will be higher than estimated previously.
New full-year outlook estimate for 2015, provided on 9 July 2015
Net sales is estimated to be at similar level to 2014 (net sales were EUR 1,015
million in 2014).
Operating profit is estimated to exceed EUR 260 million.
The Group's capital expenditure will be about EUR 50 million excluding
substantial corporate or product acquisitions. (The Group's capital expenditure
was EUR 57 million in 2014).
Previous full-year outlook estimate for 2015, provided on 24 April 2015
Net sales will be slightly lower than in 2014 (net sales were EUR 1,015 million
in 2014).
Operating profit is estimated to exceed EUR 230 million.
The Group's capital expenditure will be about EUR 50 million excluding
substantial corporate or product acquisitions. (The Group's capital expenditure
was EUR 57 million in 2014).
Orion will publish the Interim Report January-June 2015 on Tuesday, 28 July
2015.
Orion Corporation
Timo Lappalainen Olli Huotari
President and CEO SVP, Corporate Functions
Contact person:
Timo Lappalainen, CEO
tel. +358 50 966 3692
Publisher:
Orion Corporation
Communications
Orionintie 1A, FI-02101 Espoo, Finland
Homepage: www.orion.fi
Orion is a globally operating Finnish company developing pharmaceuticals and
diagnostic tests - a builder of well-being. Orion develops, manufactures and
markets human and veterinary pharmaceuticals, active pharmaceutical ingredients
and diagnostic tests. The company is continuously developing new drugs and
treatment methods. The core therapy areas of Orion's pharmaceutical R&D are
central nervous system (CNS) disorders, oncology and respiratory for which Orion
developes inhaled Easyhaler® pulmonary drugs.
Orion's net sales in 2014 amounted to EUR 1,015 million and the Company had
about 3,500 employees. Orion's A and B shares are listed on NASDAQ Helsinki.
This announcement is distributed by GlobeNewswire on behalf of
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other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Orion Oyj via GlobeNewswire
[HUG#1936227]
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Datum: 09.07.2015 - 10:16 Uhr
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News-ID 405659
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