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Zurich, 18. June 2020

Update on coronavirus impact and notice of first-half sales announcement

  • Strong growth in retail, organically offsetting most of the lockdown-induced decline in food service revenues.  
  • A sales announcement and a more detailed update on the first half of 2020 will be published on 14 July 2020. ORIOR’s second Sustainability Report will also be published on that same date. 

ORIOR successfully navigated the corona crisis during the first half thanks to its hard work, the broad package of measures it introduced, and its flexible, agile, and well-based structure. The application of precautions at the company’s production plants and shifts in consumption patterns – the latter resulting of the government-imposed lockdown – necessitated adjustments to our business processes and logistics, in some cases at very short notice. Despite these challenges, ORIOR maintained its supply chain capabilities and high production levels throughout the entire period thanks to very early and effective implementation of precautionary measures at the company’s sites and other factors. ORIOR confirms its statements from April 2020 regarding the impact of the corona crisis on its business: strong growth in retail and lower revenues from the food service channels, in some cases sharply lower (food service accounts for about one-quarter of total revenues). Despite product range adjustments and reduced assortments, business with retailers remains very strong and will compensate for most of the decline in revenues from the food service sector (excl. Casualfood). With the re-opening of restaurants and international borders and the gradual resumption of air travel, business in these important sales channels, which have been heavily impacted by the corona crisis, will slowly recover. The performance of these sales channels during the first few weeks after restrictions were eased was very positive in light of the general environment.

 

Revenue figures and a more detailed update on the impact of the coronavirus pandemic on business in the first half will be published at 6:00 a.m. on 14 July 2020. ORIOR’s second Sustainability Report will also be published on the same date.

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