Decreased net sales but improved gross margin

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Orio AB reports an operating result of MSEK 30 (70) for the period January – September 2016. Net sales for the period amounted to MSEK 627 (716), a decrease by 12 percent compared to the corresponding period of the previous year. Net sales for the third quarter of 2016 amounted to MSEK 198 (232), a decrease by 15 percent compared to the corresponding quarter of the previous year. Gross result for the third quarter of 2016 was MSEK 82, which is unchanged compared with the previous year. Net sales for the Group decreased by 15 percent, but at the same …

Orio takes next step towards tomorrow’s workshop: Unveils Orio FutureLAB

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At Automechanika in Frankfurt starting September 13th, Orio will launch an innovation forum; “Orio FutureLAB” to help workshops evolve in a technologically new era with Internet of Things. New and old customers are invited to attend. Orio FutureLAB is a unique opportunity for workshops to learn how technology in the aftermarket is developing and how it can make a difference to their business. With the industry increasingly launching smarter vehicles, developing new skills within the workshop will be key to optimizing commercial opportunities going forwards. “As an innovative supplier of spare parts, and in line with our strategy, we offer an unique opportunity to …

Improved position in the Saab segment and launch of Orio Parts

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Orio AB reports an operating result of MSEK 18 (42) for the period January – June 2016. Net sales for the period amounted to MSEK 429 (251), a decrease by 11 percent compared to the corresponding period of the previous year. Net sales for the second quarter of 2016 amounted to MSEK 220 (233), which is a decrease by 6 percent compared to the corresponding quarter of the previous year. Operating result for the quarter was MSEK 13 (17). The second quarter of 2016 was a good quarter for the group if we look at the sales performance in the …

Expansion of the customer base and work for change continues

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Orio AB reports an operating result of MSEK 5 (25) for the period January – March 2016. Net sales for the period amounted to MSEK 209 (251), a decrease by 17 percent compared to the corresponding period of the previous year. During the first quarter of 2016, the trend from the previous quarter has prevailed. We continue to expand our customer network of independent workshops and increase gradually sales to this customer category. We can also see increased sales of Orio Parts, i.e. parts which are not Saab Original Parts, while the turnover of Saab Original Parts continues to decrease …

Restructuring continues with focus on new customers

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Orio AB reports an operating profit of MSEK 67 (109) for the period January – September 2015. Net sales amounted to MSEK 716 (771). Net sales for the third quarter of 2015 amounted to MSEK 232 (252), which is a decrease by 8 percent compared with the corresponding quarter of the previous year. Adjusted for currency exchange rate effects, the reduction was 13 percent. Operating profit for the period July – September 2015 amounted to MSEK 28 (48). Net sales have decreased in most markets compared to 2014. The decrease in sales volume compared to the previous year is largely …

Work for change and proactive customer expansion

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Orio AB reports an operating profit of MSEK 42 (61) for the period January – June 2015. Net sales amounted to MSEK 484 (519). Net sales for the second quarter of 2015 amounted to MSEK 233 (264), which is a decrease by 12 percent compared with the corresponding quarter of the previous year. Adjusted for foreign exchange rate effects, the reduction was 18 percent. The decrease is primarily ascribable to America, Great Britain and the Nordic countries. Operating result amounted to MSEK 17 (35) for the period April – June 2015. The work for change has continued to dominate the …

The Swedish court of appeal rules in Orio’s favor in dispute with BMW

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Today, the Swedish court of appeal has ruled that Orio AB (formerly Saab Automobile Parts AB) is not liable to pay for the engines supplied by BMW to Saab Automobile AB after BMW entered into an agreement with Saab Automobile in 2010. Thereby the Swedish court of appeal made the same ruling as the Swedish district court and rejected BMW’s claim against Orio. It also ordered BMW to pay Orio’s costs for the lawsuit. “We are pleased that the Swedish court of appeal has made it clear that Orio has no liability for its former parent company’s debts. We have …

The work for change continues

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In the fourth quarter of 2014, net sales amounted to MSEK 223 (254), a decrease of 12 percent compared with the corresponding quarter in the previous year. Net sales for the full year 2014 were MSEK 994 (1044), a decrease of 5 percent compared with previous year. The operating result for the quarter was MSEK -25 (-13) influenced by a provision for restructuring costs in Sweden of MSEK 38 (23). Adjusted for these restructuring costs, the operating result amounted to MSEK 13 (10). The fourth quarter saw an increased focus on the ongoing restructuring activities. An important part of this …

Orio acquires all the supplier-based Nevs tools for production of spare parts for Saab cars

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Orio AB, formerly Saab Automobile Parts AB, has signed a contract with Nevs and has acquired all the tools located at suppliers and used for producing Saab Original spare parts for all existing Saab models. This secures that Orio can ensure the long-term availability of Saab Original spare parts for all Saab cars globally. “This is a strategically important acquisition which safeguards the production of Saab Original spare parts in the long term and ensures that we maintain our position as the sole supplier of the entire range of original parts for Saab cars. Saab owners, workshops and other customers …