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Orion Oyj (ORNAV.HE)

ORNAV.HE on Helsinki Stock Exchange

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€42.38
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Latest Key Developments (Source: Significant Developments)

Orion Q2 Sales EUR 246.1 Million
Wednesday, 18 Jul 2018 

July 18 (Reuters) - Orion Oyj ::Q2 SALES EUR 246.1 MILLION (REUTERS POLL EUR 254 MILLION).OUTLOOK REMAINS UNCHANGED:.OUTLOOK REMAINS UNCHANGED.ESTIMATES THAT IN 2018 NET SALES EXCLUDING ORION DIAGNOSTICA WILL BE AT SAME LEVEL OR SLIGHTLY LOWER THAN IN 2017.2018 OPERATING PROFIT EXCLUDING ORION DIAGNOSTICA AND MATERIAL CAPITAL GAINS IS ESTIMATED TO BE LOWER THAN IN 2017.Q2 EBIT FROM CONTINUING OPERATIONS EUR 69.7 MILLION.ORION SAYS NET SALES AND OPERATING PROFIT FOR CONTINUING OPERATIONS FELL BEHIND DUE TO GENERIC COMPETITION, TIGHTENING PRICE COMPETITION ESPECIALLY IN FINLAND.ORION SAYS NET SALES AND OPERATING PROFIT FOR CONTINUING OPERATIONS FELL BEHIND DUE TO LOWER SALES OF BIOSIMILARS, SMALLER MILESTONE PAYMENTS AND ROYALTIES AND UNFAVOURABLE EXCHANGE RATE CHANGES.  Full Article

Orion Oyj to sell its Orion Diagnostica division
Friday, 20 Apr 2018 

April 20 (Reuters) - Orion Oyj ::REG-ORION TO SELL ITS ORION DIAGNOSTICA DIVISION - DUE TO THE TRANSACTION ORION UPDATES ITS OUTLOOK.FIXED PURCHASE PRICE IS APPROXIMATELY EUR 163 MILLION.SIGNEDAGREEMENT ON SALE OF ALL SHARES IN ORION DIAGNOSTICA OY TO AN INVESTMENT FUND MANAGED BY AXCEL MANAGEMENT A/S.CLOSING IS NOT CONDITIONAL UPON PARTIES OBTAINING APPROVALS FROM COMPETITION LAW OR OTHER AUTHORITIES.ORION ESTIMATES TO RECOGNISE A CAPITAL GAIN OF ABOUT EUR 128 MILLION IN OTHER OPERATING INCOME FOR 2018.ORION HAS A POSSIBILITY TO RECEIVE AS A VARIABLE COMPONENT OF EUR 60 MILLION MAXIMUM.AS A RESULT OF SALE OF ORION DIAGNOSTICA, ORION IS UPDATING ITS OUTLOOK FOR 2018 THAT WAS ANNOUNCED ON 7 FEBRUARY 2018.ORION ESTIMATES THAT IN 2018 NET SALES EXCLUDING ORION DIAGNOSTICA WILL BE AT SAME LEVEL OR SLIGHTLY LOWER THAN IN 2017.  Full Article

Orion To Launch Negotiations That May Result In Personnel Reductions
Thursday, 4 Jan 2018 

Jan 4 (Reuters) - Orion Oyj ::ORION TO RENEW OPERATING MODEL OF ITS LABORATORIES.‍COMPANY WILL LAUNCH CO-OPERATION NEGOTIATIONS IN LABORATORY OPERATIONS​.‍ORION DIAGNOSTICA'S LABORATORIES WILL NOT BE PART OF NEGOTIATIONS.​.IS TO FURTHER STREAMLINE OPERATING MODEL FOR LABORATORIES AND DEVELOP PRODUCTIVITY BY CHANGING OPERATING MODEL.​.‍NEGOTIATIONS MAY RESULT IN PERSONNEL REDUCTIONS OF A MAXIMUM OF 40 PERSONS.​.  Full Article

Peptonic Medical Enters Tech Transfer Agreement With Orion
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - Peptonic Medical Ab ::PEPTONIC MEDICAL AND ORION ENTER VAGIVITAL™ TECH TRANSFER AGREEMENT.‍ENTERED A TECH TRANSFER AGREEMENT WITH ORION CORPORATION, HEADQUARTERED IN ESPOO, FINLAND​.‍UNDER AGREEMENT, TWO COMPANIES WILL EXCHANGE INFORMATION AND COLLABORATE.- ‍TO PREPARE FOR COMMERCIAL MANUFACTURE OF VAGIVITAL™ - A PRODUCT THAT PEPTONIC PLANS TO LAUNCH IN 2018​.‍COMPANIES SIGNED TERMS SHEET FOR A FINAL AGREEMENT REGARDING COMMERCIAL MANUFACTURE OF VAGIVITAL™​.  Full Article

Orion Q3 EBIT EUR 56.4‍​ million, misses expectations
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - ORION OYJ :‍OUTLOOK ESTIMATE FOR 2017 REMAINS UNCHANGED.​.Q3 SALES EUR ‍252.7​ MILLION (REUTERS POLL EUR 266 MILLION).‍OUTLOOK ESTIMATE FOR 2017 REMAINS UNCHANGED.​.Q3 EBIT EUR 56.4‍​ MILLION (REUTERS POLL EUR 70.5 MILLION).  Full Article

Orion Oyj and Menarini Group enter into collaboration agreement
Friday, 2 Sep 2016 

Orion Oyj : Says the company and Menarini Group collaborate on budesonide-formoterol Easyhaler combination product for asthma and COPD . Agreement is for co-marketing of Easyhaler in Germany, Italy, Spain, and Portugal . Parties have also agreed on exclusive license and distribution arrangement in France and Turkey . Parties will market budesonide-formoterol Easyhaler under their own brands .Menarini Group is Italian pharmaceutical company.  Full Article

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Disappointing earnings, trade tensions weigh on European shares

LONDON European shares fell on Friday as earnings updates disappointed, with auto stocks bearing the brunt of trade tensions that caused a selloff in the Chinese yuan overnight.