11/2/2006

Orion Group Interim Report 7-9/2006 and Financial Review (proforma) 1-9/2006

In this release, the Orion Corporation which was listed on the Helsinki Stock Exchange on 3 July 2006, gives an Interim Report of 7-9/2006 as well as a proforma Financial Review of 1-9/2006 which is completely based on figures carved out from the financial statements of the demerged Orion. The operations are reviewed according to the post-demerger Group structure and based on proforma financial figures for 1-9/2006.

  • Group net sales were EUR 478.8 (438.4) million, up by 9.2%.
  • Operating profit rose by 23.8% to EUR 160.1 (129.3) million.
  • Profit before taxes was EUR 160.2 (128.5) million.
  • Earnings per share were EUR 0.85 (0.71).
  • Equity ratio was 74.6% (65.1%).
  • Return on capital employed (ROCE) was 52.0% (44.1%).
     
Espoo, 2 November 2006
 
Board of Directors of Orion Corporation
 
 
Orion Corporation
 
 
Jukka Viinanen                     Jari Karlson
President and CEO              CFO
 
 
Contact persons:
Jukka Viinanen, President and CEO, phone +358 10 426 3710
Jari Karlson, CFO, phone +358 10 426 2883, gsm +358 50 966 2883
 
 
Press conference in Finnish
A Finnish press conference for the media and institutional investors will be held today, Thursday 2 November 2006, starting at 14.30 p.m. at the Adams hall in Helsinki. The language of the event is Finnish.
The Finnish presentation can be followed on-line via the Internet homepage www.orion.fi/sijoittajille, or via the Kauppalehti Live web service, www.kauppalehti.fi/live.
 
Teleconference
in English
A teleconference in English for questions and answers will be arranged today, Thursday 2 November 2006 starting at 17.00 p.m. Finnish time (15.00 GMT). Advice for participating in the conference is provided on the front page of www.orion.fi.
 
Webcasting
A webcast presentation of this financial review will become available in English later in the evening of
2 November
on www.orion.fi/investors, on www.kauppalehti.fi/live, as well as via Thomson/CCBN's web service www.fulldisclosure.com or Thomson's extranet service for institutional investors, www.streetevents.com.
 
Capital Markets Day Presentations
on Wednesday, 22 November 2006 starting at 09.00 a.m. (07.00 GMT).
The presentations will be made on the web only, and they will be available on the Internet homepage www.orion.fi. A teleconference for questions and answers will be held on 22 November 2006 starting at 14.00 p.m. (12.00 GMT). Details of the event are available on www.orion.fi.
 
 
Schedule for Orion's financial reporting in 2007
Due to the demerger which took effect on 1 July 2006, the first financial reporting period of the present Orion Corporation is 1 July - 31 December 2006.
 
Orion will publish a proforma report for 1-12/2006 as well as the Financial Statements from the accounting period 1 July - 31 December 2006 on Tuesday, 6 February 2007. The Annual Report will be published during week 10/2007.

The Annual General Meeting of the Shareholders is planned to be held on Monday, 2 April 2007 at 17.00 p.m. in Helsinki.
 
The publication dates of the Interim Reports in 2007 are as follows:
 
Interim Report 1-3/2007 Wednesday, 25 April 2007
Interim Report 1-6/2007 Monday, 6 August 2007
Interim Report 1-9/2007 Wednesday, 24 October 2007
 
The financial reviews, reports and the related presentation material of Orion are available on the homepage www.orion.fi/investors as of publication. The homepages also provide a facility for registration on the respective companies' mailing lists for publications and news releases.

Orion Financial Review 1-9-2006