Me­dia re­leases

You will find the latest media releases of the ORIOR Group hereafter.

ORIOR with good sales growth; Corona pandemic had a material impact on the product and channel mix as well as on profitability

Zurich, 19. August 2020
  • Revenues increased 2.8% to CHF 287.4 million; +0.2% organic, +4.0% acquisition-driven and –1.4% currency translation effect.
  • Food service revenues sharply lower; travel catering specialist Casualfood shut down almost completely during the lockdown.
  • Business with food retailers and discounters with significant overperformance.
  • Corona-related shifts in product and sales channel mix and non-recurring cost pressure profitability. EBITDA declined by CHF 4.9 million to CHF 23.5 million; EBITDA margin 8.2%.
  • Net profit declined by CHF 5.7 million to CHF 8.3 million, additionally attributed to acquisition-related depreciation and positive income tax effects from the prior-year period.
  • Outlook for the second half of 2020: Retail business should remain strong, stepwise recovery in food service, clear improvement in Group operating profit (EBITDA margin) compared to the first half of 2020.
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