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Kurs & Likviditet

Kursutveckling och likviditet under dagen för detta pressmeddelande

Beskrivning

LandFinland
ListaLarge Cap Helsinki
SektorHälsovård
IndustriLäkemedel & Handel
Orion är en koncern med verksamhet inom läkemedelsindustrin. Bolaget bedriver forskning och utveckling av humana – och veterinära läkemedel, där störst fokus innehas inom sjukdomar som drabbar nervsystemet, samt onkologi och luftvägssjukdomar. Idag återfinns bolagets produkter på global nivå, med störst närvaro inom Norden och övriga Europa. Bolagets huvudkontor ligger i Esbo.

Kalender

2022-10-20 Kvartalsrapport 2022-Q3
2022-07-15 Kvartalsrapport 2022-Q2
2022-04-28 Kvartalsrapport 2022-Q1
2022-03-24 Ordinarie utdelning ORNBV 1.50 EUR
2022-03-24 Ordinarie utdelning ORNAV 1.50 EUR
2022-03-23 Årsstämma 2022
2022-02-10 Bokslutskommuniké 2021
2021-10-20 Kvartalsrapport 2021-Q3
2021-07-19 Kvartalsrapport 2021-Q2
2021-04-27 Kvartalsrapport 2021-Q1
2021-03-26 Ordinarie utdelning ORNBV 1.50 EUR
2021-03-26 Ordinarie utdelning ORNAV 1.50 EUR
2021-03-25 Årsstämma 2021
2021-02-09 Bokslutskommuniké 2020
2020-10-21 Kvartalsrapport 2020-Q3
2020-07-17 Kvartalsrapport 2020-Q2
2020-05-07 Ordinarie utdelning ORNBV 1.50 EUR
2020-05-07 Ordinarie utdelning ORNAV 1.50 EUR
2020-05-06 Årsstämma 2020
2020-04-28 Kvartalsrapport 2020-Q1
2020-03-26 Ordinarie utdelning ORNBV 1.50 EUR
2020-02-05 Bokslutskommuniké 2019
2019-10-23 Kvartalsrapport 2019-Q3
2019-07-17 Kvartalsrapport 2019-Q2
2019-04-25 Kvartalsrapport 2019-Q1
2019-03-27 Ordinarie utdelning ORNBV 1.50 EUR
2019-03-27 Ordinarie utdelning ORNAV 1.50 EUR
2019-03-26 Årsstämma 2019
2019-02-06 Bokslutskommuniké 2018
2018-10-24 Kvartalsrapport 2018-Q3
2018-07-18 Kvartalsrapport 2018-Q2
2018-04-24 Kvartalsrapport 2018-Q1
2018-03-21 Ordinarie utdelning ORNBV 1.45 EUR
2018-03-21 Ordinarie utdelning ORNAV 1.45 EUR
2018-03-20 Årsstämma 2018
2018-02-07 Bokslutskommuniké 2017
2017-10-26 Kvartalsrapport 2017-Q3
2017-07-19 Kvartalsrapport 2017-Q2
2017-05-18 Kapitalmarknadsdag 2017
2017-04-26 Kvartalsrapport 2017-Q1
2017-03-23 Bonusutdelning ORNAV 0.2
2017-03-23 Bonusutdelning ORNBV 0.2
2017-03-23 Ordinarie utdelning ORNBV 1.35 EUR
2017-03-23 Ordinarie utdelning ORNAV 1.35 EUR
2017-03-22 Årsstämma 2017
2017-02-08 Bokslutskommuniké 2016
2016-10-25 Kvartalsrapport 2016-Q3
2016-07-19 Kvartalsrapport 2016-Q2
2016-04-27 Kvartalsrapport 2016-Q1
2016-03-23 Ordinarie utdelning ORNBV 1.30 EUR
2016-03-23 Ordinarie utdelning ORNAV 1.30 EUR
2016-03-22 Årsstämma 2016
2016-02-02 Bokslutskommuniké 2015
2015-10-27 Kvartalsrapport 2015-Q3
2015-07-28 Kvartalsrapport 2015-Q2
2015-05-26 Kapitalmarknadsdag 2015
2015-04-29 Kvartalsrapport 2015-Q1
2015-03-25 Ordinarie utdelning ORNBV 1.30 EUR
2015-03-25 Ordinarie utdelning ORNAV 1.30 EUR
2015-03-24 Årsstämma 2015
2015-02-04 Bokslutskommuniké 2014
2014-10-21 Kvartalsrapport 2014-Q3
2014-07-29 Kvartalsrapport 2014-Q2
2014-04-29 Kvartalsrapport 2014-Q1
2014-03-26 Ordinarie utdelning ORNBV 1.25 EUR
2014-03-26 Ordinarie utdelning ORNAV 1.25 EUR
2014-03-25 Årsstämma 2014
2014-02-04 Bokslutskommuniké 2013
2013-10-22 Kvartalsrapport 2013-Q3
2013-07-30 Kvartalsrapport 2013-Q2
2013-04-23 Kvartalsrapport 2013-Q1
2013-03-20 Ordinarie utdelning ORNBV 1.30 EUR
2013-03-20 Ordinarie utdelning ORNAV 1.30 EUR
2013-03-19 Årsstämma 2013
2013-02-05 Bokslutskommuniké 2012
2012-10-23 Kvartalsrapport 2012-Q3
2012-07-31 Kvartalsrapport 2012-Q2
2012-05-24 Kapitalmarknadsdag 2012
2012-04-24 Kvartalsrapport 2012-Q1
2012-03-21 Ordinarie utdelning ORNAV 1.30 EUR
2012-03-21 Bonusutdelning ORNAV 0.12
2012-03-21 Ordinarie utdelning ORNBV 1.30 EUR
2012-03-21 Bonusutdelning ORNBV 0.12
2012-03-20 Årsstämma 2012
2012-02-07 Bokslutskommuniké 2011
2011-10-25 Kvartalsrapport 2011-Q3
2011-08-02 Kvartalsrapport 2011-Q2
2011-04-01 Ordinarie utdelning ORNBV 1.20 EUR
2011-04-01 Ordinarie utdelning ORNAV 1.20 EUR
2011-04-01 Bonusutdelning ORNAV 0.06
2011-04-01 Bonusutdelning ORNBV 0.06
2010-03-25 Bonusutdelning
2010-03-25 Ordinarie utdelning ORNBV 1.00 EUR
2010-03-25 Bonusutdelning ORNBV 0.1
2010-03-25 Ordinarie utdelning
2009-03-24 Ordinarie utdelning
2009-03-24 Ordinarie utdelning ORNBV 0.95 EUR
2008-03-26 Ordinarie utdelning ORNBV 1.00 EUR
2007-04-03 Ordinarie utdelning
2007-04-03 Ordinarie utdelning ORNBV 1.00 EUR
2006-03-22 Ordinarie utdelning ORNBV 0.85 EUR
2005-03-22 Ordinarie utdelning
2005-03-22 Ordinarie utdelning ORNBV 0.55 EUR
2004-09-15 Bonusutdelning ORNBV 2.14
2004-09-15 Bonusutdelning
2004-03-23 Ordinarie utdelning
2004-03-23 Ordinarie utdelning ORNBV 1.60 EUR
2003-12-12 Bonusutdelning
2003-12-12 Bonusutdelning ORNBV 1.5
2003-03-23 Ordinarie utdelning
2003-03-23 Ordinarie utdelning ORNBV 0.93 EUR
2002-04-16 Ordinarie utdelning
2002-04-16 Ordinarie utdelning ORNBV 1.10 EUR
2001-03-30 Ordinarie utdelning ORNBV 1.20 EUR
2001-03-30 Ordinarie utdelning
2000-03-31 Ordinarie utdelning
2000-03-31 Ordinarie utdelning ORNBV 1.18 EUR
1999-07-28 Bonusutdelning
1999-07-28 Bonusutdelning
1999-04-09 Ordinarie utdelning
1999-04-09 Ordinarie utdelning
1998-04-21 Ordinarie utdelning
1998-04-21 Ordinarie utdelning
1997-04-22 Ordinarie utdelning
1997-04-22 Ordinarie utdelning
1996-04-23 Ordinarie utdelning
1996-04-23 Ordinarie utdelning
2022-04-28 11:00:00

ORION CORPORATION        
INTERIM REPORT 1–3/2022        
28 APRIL 2022 at 12:00 EEST

Orion Group Interim Report 1–3/2022

This is a summary or Orion’s Interim Report 1–3/2022. The complete report is attached to this stock exchange release and is available at https://www.orion.fi/en/Orion-group/investors/financial-reviews-and-presentations/

  • Net sales totalled EUR 271 million (EUR 269 million in 2021).
  • Operating profit was EUR 71 (75) million.
  • Profit before taxes was EUR 72 (75) million.
  • Equity ratio was 53% (54%).
  • Return on capital employed before taxes (ROCE) was 36% (38%).
  • Return on equity after taxes (ROE) was 33% (35%).
  • Basic earnings per share were EUR 0.41 (0.42).
  • Cash flow per share before financial items was EUR 0.23 (0.19).
  • The outlook for 2022 remains unchanged. Orion estimates that net sales in 2022 will be at a similar level as in 2021 (net sales in 2021 were EUR 1,041 million). Operating profit is estimated to be at a similar level as in 2021 (operating profit in 2021 was EUR 243 million).

KEY FIGURES

  1-3/22 1-3/21 Change % 1-12/21
Net sales, EUR million 270.6 268.7 +0.7% 1,041.0
EBITDA, EUR million 83.0 86.0 -3.5% 289.1
% of net sales 30.7% 32.0%   27.8%
Operating profit, EUR million 71.5 75.0 -4.7% 243.3
% of net sales 26.4% 27.9%   23.4%
Profit before taxes, EUR million 72.1 74.8 -3.6% 242.3
% of net sales 26.7% 27.8%   23.3%
Profit for the period, EUR million 57.3 59.6 -3.7% 193.8
% of net sales 21.2% 22.2%   18.6%
Research and development expenses, EUR million 32.1 25.1 +27.9% 117.7
% of net sales 11.9% 9.3%   11.3%
Capital expenditure, EUR million 11.1 12.0 -7.4% 85.4
% of net sales 4.1% 4.5%   8.2%
Interest-bearing net liabilities, EUR million -126.8 -214.9 -41.0% -108.3
Basic earnings per share, EUR million 0.41 0.42 -3.8% 1.38
Cash flow per share before financial items, EUR 0.23 0.19 +21.4% 0.96
Equity ratio, % 52.9% 53.8%   68.1%
Gearing, % -19.8% -34.2%   -14.5%
Return on capital employed (before taxes), % 35.7% 38.2%   28.8%
Return on equity (after taxes), % 33.1% 35.0%   26.2%
Average personnel during the period 3,358 3,328 +0.9% 3,364

President and CEO Timo Lappalainen:

Nubeqa spearheads Orion’s growth - war and ever more stressed supply chains causing concerns

“The year 2022 for Orion has started with mixed feelings. On the one hand, we have had positive news flow from darolutamide and the overall business has developed well. At the same time, however, the war in Ukraine has caused a great deal of concern and our thoughts are with our employees in Ukraine and everyone suffering from this situation. Also, the effects of the COVID-19 pandemic are not over yet. Global supply chains remain under high stress and cost inflation has accelerated faster than anticipated. For Orion, the increase in costs is particularly challenging, as raising the prices of prescription medicines for human use in Orion’s markets is often not an option. We remain committed to looking after the health and safety of our employees, ensuring production continuity and product availability, and safeguarding patient safety in ongoing clinical trials.

Orion’s net sales in January-March 2022 grew by one per cent from the comparative period and the operating profit was slightly lower than in the comparative period. The sales of Dexdor® and Simdax® declined clearly as expected but, thanks to the strong sales development of Nubeqa® and Easyhaler® portfolio, net sales of the Proprietary Products unit increased slightly. Nubeqa® sales were further boosted by large product deliveries to our partner Bayer. These shipments can and will cause quarterly volatility to total Nubeqa® revenues booked by Orion. Net sales of the Specialty Products unit also increased slightly, due to for example strong sales of self-care products in Finland. Sales of the Animal Health unit declined due to the timing of deliveries to partners and also because of the termination of one distribution agreement in Finland. Fermion and Contract Manufacturing performed according to expectations in the first three months of the year.

In February 2022, detailed positive results from the Phase III ARASENS study with darolutamide were reported in the New England Journal of Medicine and at the 2022 ASCO GU Cancers Symposium. Orion’s collaboration partner Bayer also upgraded its estimate on darolutamide’s peak sales potential. In March, we published our plans to change and refocus the strategy of Orion’s R&D function and started negotiations in accordance with the Act on Co-operation within Undertakings. Orion plans for R&D to focus on cancer and pain in future. The search continues for partners for the ODM-208 molecule and the digital therapy software solution for treating chronic pain.

We remain dedicated to our 2025 growth target and as part of that journey continue our efforts to find new cooperation opportunities and product and business acquisition targets.

Finally, I would like to express my warmest congratulations to Liisa Hurme, who was appointed as Orion’s President and CEO as of 1 November 2022. I am convinced that Liisa, with her broad expertise and experience, is well placed to continue the work on Orion’s growth strategy that we have developed together as colleagues. Collaborating together, we will ensure that the upcoming CEO transition goes smoothly.”

Outlook for 2022 (provided on 10 February 2022)

Orion estimates that net sales in 2022 will be at a similar level as in 2021
(net sales in 2021 were EUR 1,041 million).

Operating profit is estimated to be at a similar level as in 2021
(operating profit in 2021 was EUR 243 million).

News conference and conference call

A webcast and a conference call for analysts, investors and media will be held on Thursday, 28 April 2022 at 13.30 EEST. The event will be held only online and by conference call.

A link to the live webcast will be available on Orion's website at www.orion.fi/en/investors. A recording of the event will be available on the website later the same day.

To participate the conference call, please dial:

Finland: +358 9 817 103 10

Sweden: +46 8 566 426 51

UK: +44 333 300 0804

USA: +1 631 913 1422

PIN: 91460173#

Upcoming events

Half-Year Financial Report January-June 2022 Friday 15 July 2022
Interim Report January-September 2022 Thursday 20 October 2022

Espoo, 28 April 2022

Board of Directors of Orion Corporation

Orion Corporation

For additional information about the report:

Jari Karlson, CFO                 tel. +358 50 966 2883

Tuukka Hirvonen, Investor Relations        tel. +358 10 426 2721 or +358 50 966 2721

www.orion.fi/en/investors

Publisher:
Orion Corporation
http://www.orion.fi/en
http://www.twitter.com/OrionCorpIR

Orion is a globally operating Finnish pharmaceutical company – a builder of well-being. Orion develops, manufactures and markets human and veterinary pharmaceuticals and active pharmaceutical ingredients. The company is continuously developing new drugs and treatment methods. The core therapy areas of Orion's pharmaceutical R&D are neurological disorders, oncology and respiratory diseases for which Orion develops inhaled pulmonary medication. Orion's net sales in 2021 amounted to EUR 1,041 million and the company had about 3,350 employees at the end of the year. Orion's A and B shares are listed on Nasdaq Helsinki.