Press Releases • Feb 15, 2019 13:15 GMT
Orio’s net sales for the fourth quarter of 2018 decreased by 19 percent compared to the corresponding quarter of the previous year and amounted to MSEK 136 (168). Operating result for the quarter was MSEK -41 (-28), which includes items affecting comparability of MSEK -33 (-23).
Press Releases • Oct 31, 2018 14:02 GMT
Orio's net sales for the third quarter of 2018 decreased by 31 percent compared to the corresponding quarter of the previous year and amounted to MSEK 148 (188). Operating profit for the quarter was MSEK -2 (1).
Press Releases • Aug 15, 2018 12:20 GMT
Orio's net sales for the second quarter of 2018 decreased by 23 percent compared to the corresponding quarter of the previous year and amounted to MSEK 165 (214). Operating profit for the quarter was MSEK 4 (2).
Press Releases • Apr 25, 2018 11:49 GMT
Orio AB reports an operating result of MSEK -1 (1) for the period January – March 2018. Net sales for the period amounted to MSEK 154 (185), a decrease by 17 percent compared to the corresponding period of the previous year.
News • Apr 18, 2018 07:30 GMT
Orio North America, the exclusive distributor of Saab parts and service in the US, was recently featured in this Fixed Ops Journal’s video report.
Press Releases • Feb 15, 2018 14:14 GMT
Orio’s net sales for the fourth quarter of 2017 decreased by 10 percent compared to the corresponding quarter of the previous year and amounted to MSEK 168 (187). Operating result for the quarter was MSEK -28 (-31), which includes items affecting comparability of MSEK -23 (-36).
-Net sales for the period January – December 2017 amounted to MSEK 755 (814), which is a decrease by 7 percent compared to the corresponding period of the previous year. Operating result for the period was MSEK -24 (-1). Operating result includes items affecting comparability in the amount of MSEK -39 (-36).
-Continued efforts have been made on Orio Parts but sales have not developed at the pace we expected. As a result, we have adjusted our cost base during the quarter, and at the same time taken a major step developmentally and structurally. The restructuring means that we strengthen the company by dividing the business into two more separate business divisions: spare parts and logistics. The restructuring has affected approx. 30 people in Sweden, and another ten employees in our subsidiaries, says Jonas Tegström, CEO of Orio AB.
-During the quarter, cash flow from operating activities was MSEK 15 (17) and equity ratio at 31 December 2017 was 74 percent (79).
For further information, please contact Jonas Tegström, CEO, tel: +46 (0) 155-24 40 09.
Orio AB supplies automotive spare parts globally and third party logistics services. The company is headquartered in Nyköping, where the logistics and distribution center is also situated. Orio also has an office in Trollhättan, Sweden, and nine wholly-owned subsidiaries in Europe and the USA.
News • Jan 17, 2018 07:59 GMT
A little-known name in the automotive industry, Bethlehem Township-based Orio North America has a lofty mission – to keep Saab cars from going the way of the dinosaur.
Press Releases • Dec 19, 2017 14:20 GMT
New Shareholder at CARAT group from January 2018 Orio Deutschland GmbH from 1st January 2018 new Carat/ad-CARGO limited partner With effect from 1 January 2018, CARAT and Eschborn based Orio Deutschland GmbH, will become a member of ad-CARGO network. The automotive spare parts specialist Orio continues to expand its product range.
Press Releases • Sep 25, 2017 11:25 GMT
In an effort to keep the iconic Saab brand on the road, Orio North America, is proud to announce the launch of its “Parts for Life” initiative. The initiative provides a lifetime warranty on Original parts to Saab owners who repair or service their cars at a Saab official service center. The initiative will also support the work of Nordens Ark, which works to protect endangered species.
About Orio AB
A global parts and logistics company.
Orio AB is a global parts and logistics company. Our roots in the automotive industry, aftersales and spare parts sector, go back to 1947 and we have been responsible for Saab Automobiles' aftersales as a separate business since 2010. Today we market, sell and distribute Saab Original parts in over 60 countries throughout the world.... Show more
Orio AB is a global parts and logistics company. Our roots in the automotive industry, aftersales and spare parts sector, go back to 1947 and we have been responsible for Saab Automobiles' aftersales as a separate business since 2010. Today we market, sell and distribute Saab Original parts in over 60 countries throughout the world. The markets with the largest fleets of Saab cars are the USA, Great Britain, Sweden, Germany, Switzerland, Italy and Spain.
Orio´s operation includes the entire process chain including purchasing, planning, storage, marketing, sales and distribution of Saab Original parts to customers worldwide.
We are also a complete logistics partner who provides logistics services for a number of companies.
The objective of the Orio´s business is to create sustained growth. We will achieve this thanks to our experience and competence within the spare parts sector and logistics business, which has been built up over more than 66 years. Together with well-developed and adapted computer systems and processes, and with good customer and supplier relations, we will work towards the future by further developing and widening our business.
Our corporate head office is located in Nyköping, Sweden. This is also the home of our logistics and distribution centre, one of the largest and most sophisticated in Scandinavia with class leading capacity and flexibility. This includes a storage area of around 88,000 m2, a stockholding of around 70,000 items and a capacity to process up to 30,000 order lines per day. Every day we distribute goods corresponding to 50 truck-loads of goods. We have also established a commercial office in Trollhättan with sales, marketing, technical and support functions. In addition, at present we have nine subsidiaries spread over our markets which primarily function as sales companies.
The company has around 288 employees in Sweden. A total of 52 people work in our subsidiaries.
- Orio AB
- Flättnaleden 1
- S-611 81 Nyköping