Orion: Positive Profit Warning
Espoo, Finland (ots/PRNewswire)
The operating profit of the Orion Group for the first quarter of 2005 seems to be clearly better than that in the comparative period last year, for which the consolidated operating profit in accordance with the IFRS came to EUR 33.4 million.
The good profitability is mainly consequence of the continued good sales performance and successful cost management in the Orion Pharma business division. Also the full-year net sales and operating profit of the Orion Group are anticipated to improve from the previous year.
The Interim Report 1-3/2005 of the Orion Group will be published on Wednesday, 11 May 2005.
Orion Corporation Jukka Viinanen Olli Huotari CEO General Counsel
Homepage: www.orion.fi
Contact:
Contact persons: Jukka Viinanen, President and CEO, Orion
Corporation, phone +358-10-429-3710; Jari Karlson, CFO, Orion Group,
phone +358-50-429-2883