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Automotive News’ Fixed Ops Journal Features Orio North America in Video Report

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.

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Restructuring strengthens Orio

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.

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Saab story has a happy ending for Lehigh Valley company

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.

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Orio Deutschland GmbH from 1st January 2018 new Carat/ad-CARGO limited partner

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.

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Saab is still holding up

Press Releases   •   Oct 19, 2017 13:43 GMT

Orio’s net sales for the third quarter of 2017 decreased by 5 percent compared to the corresponding quarter of the previous year and amounted to MSEK 188 (198). Operating profit for the quarter was MSEK 1 (12).

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Orio’s “Parts for Life” Initiative to Keep Saab Cars on the Road

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.

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Lifetime Warranty on original parts to save Saab cars on the road.

Press Releases   •   Sep 14, 2017 08:34 GMT

Orio is investing more than ever in Saab cars on the road, by launching the “Parts for Life” initiative, supporting the work with the protection of endangered species and offering a lifetime warranty on Original parts for owners who repair or service their Saab at an authorised Service Centre. By doing this Orio secure that Saab cars keep their position as highly reliable iconic cars on the roads

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Further investments for the future and successes within logistics

Press Releases   •   Aug 15, 2017 13:57 GMT

Orio’s net sales for the second quarter of 2017 decreased by 7 percent compared to the corresponding quarter of the previous year and amounted to MSEK 214 (220). Operating profit for the quarter was MSEK 2 (13).

  • Net sales for the period January – June 2017 amounted to MSEK 399 (429), which is a decrease by 6 percent compared to the corresponding period of the previous year. Operating profit for the period was MSEK 3 (18).
  • The second quarter has been dominated by significant investments in the Orio Parts business, both in terms of cash spending and in labour efforts, and where the launch of a broader product range continues in important markets. We have also taken new steps forward within the telematic area, where we are still focusing on Saab but also including Orio Parts for other makes in the development, says Jonas Tegström, CEO of Orio AB.
  • During the second quarter of we have also been successful within the third-party logistics business area, with the signing of several customer contracts, says Jonas Tegström.

During the quarter, cash flow from operating activities was MSEK -6 (32) and equity ratio at 30 June 2017 was 75 percent (79).

Group key ratiosApril-June
2017
April-June
2016
Jan-June
2017
Jan-June
2016
Net sales, Msek214220399429
Operating profit/loss, Msek213318
Result for the period, Msek09015
Cash flow from operating activities, Msek-632-2022
Equity/assets ratio, %75%79%75%79%


For further information, please contact Jonas Tegström, CEO, tel: +46 (0) 155-24 40 09, or Mikael Brate, CFO, tel +46 (0) 155-24 41 20.

Facts Orio AB

  • The company is responsible for warehousing, sale and distribution of Saab Original parts and accessories for all Saab Service Centers and Saab Parts Centers globally and also sell logistics and engineering services.
  • Number of employees in Sweden: about 288. The company is headquartered in Nyköping. 
  • The company has subsidiaries in its 9 main markets in Europe and the USA.
  • Number of employees in the subsidiaries: about 52.
  • Have been responsible for Saab Automobile spare parts handling since the 1960s and are the sole distributor of the entire range of Saab Original parts.
  • Storage area: around 88 000 m².
  • Storage: about 70 000 articles.
  • Capacity: about 30 000 order lines/day.
  • Shipment of 50 trucks distributed each day.
  • The company is fully owned by the Swedish state.
  • On November 13, 2013, the company changed its name from Saab Automobile Parts AB to Orio AB.

Orio’s net sales for the second quarter of 2017 decreased by 7 percent compared to the corresponding quarter of the previous year and amounted to MSEK 214 (220). Operating profit for the quarter was MSEK 2 (13).

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Orio Logistics signs five year contract with Opel/PSA Group

Press Releases   •   Jun 21, 2017 12:04 GMT

Orio Logistics helps us to achieve that goal and over the years they have performed well and become a trusted partner for all our spare parts distribution in the Nordics”, says Jeff Fullam, manager in charge of Opel’s third-party logistics relationships.

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An intensive year for Orio

Press Releases   •   Feb 08, 2017 14:31 GMT

Orio AB reports an operating result of MSEK -1 (-88) for the period January – December 2016, in which impairment of goodwill and other items affecting comparability are included to the sum of MSEK -36 (-145). Net sales for the period amounted to MSEK 814 (935), a decrease by 13 percent compared to the corresponding period of the previous year.

Images & Videos 7 images

Contacts 1 contact

  • Press Contact
  • Digital Marketing Manager
  • anders.thun@orio.com
  • +46 520 78 141
  • +46 700 85 40 47

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. 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.

Address

  • Orio AB
  • Flättnaleden 1
  • S-611 81 Nyköping
  • Sweden