Orio AB reports for January-June 2016 operating profit of SEK 18 million (42).
Net sales for the period amounted to MSEK 429 (251), a decrease by 11 percent compared to the corresponding period of the previous year.
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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 Saab segment. In Great Britain, net sales increased compared with the corresponding quarter of 2015, and in our other main markets, America and the Nordic countries, we improved our position in the market“, says Jonas Tegström, CEO of Orio AB.
Jonas Tegström, CEO, Orio AB
“We have also continued with broadening our product portfolio, and initiated a launch of Orio Parts, our range of service and wear-and-tear parts for 26 car makes, which will be made available in several markets during the year“, says Jonas Tegström.
During the quarter, cash flow from operating activities was MSEK 32 (13), largely affected by improved working capital.
For over 15 years, Goran Aničić has been passionately focused on Saab automobiles and everything related to them. His initial encounter with Saab cars took place back in 2003 when the first Saab 9-3 and sedan version were introduced. At that moment, he was captivated by the car's Scandinavian design logic and top-notch engineering, and everything that followed stemmed from that first encounter. Later on, through his work at the editorial team of the Serbian automotive magazines "Autostart" and later "AutoBild," he had the opportunity to engage more closely with Saab vehicles. In 2008, he tested the latest Saab cars of that time, such as the Saab 9-3 TTiD Aero and Saab 9-3 Turbo X. In 2010, as the sole blogger from the region, he participated in the Saab 9-5ng presentation in Trollhättan, Sweden. Alongside journalists from around the world, he got a firsthand experience of the pinnacle of technological offerings from Saab at that time. Currently, Goran owns two Saabs: a 2008 Saab 9-3 Vector Sportcombi with a manual transmission, and a Saab 9-3 Aero Griffin Sport Sedan from the last generation, which rolled off the production line in Trollhättan in December 2011.
2 Comments
It would be great, they could increase their sales, if they replied to emails and provided an update for Australian 9-5NG navigation system as they did for NA and Europe to fix time and radio issues. RDS was promised as an update for Australian cars but still not here.
2003 model 9.3 2.0 saab Vector bir arabam var bana göre mevcut araçların en keyiflisi Ancak son 5 yıldır parça ve servis konusunda sıkıntı olduğu için eski keyfi kaçtı
It would be great, they could increase their sales, if they replied to emails and provided an update for Australian 9-5NG navigation system as they did for NA and Europe to fix time and radio issues. RDS was promised as an update for Australian cars but still not here.
2003 model 9.3 2.0 saab Vector bir arabam var bana göre mevcut araçların en keyiflisi Ancak son 5 yıldır parça ve servis konusunda sıkıntı olduğu için eski keyfi kaçtı