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24 april 2014
24 april 2014

Oriola-KD greatly improves profit results

The operating profit without non-recurring items of Oriola-KD rose to EUR 8.1 million in January-March, 2014. Compared to the EUR 2.3 million in the corresponding period last year, the growth of operating profit was 250%. Turnover fell 3%, reaching EUR 593.9 million. The company estimates the turnover and profit without non-recurring items will continue increasing from the levels of 2013.

Eero Hautaniemi, the CEO of Oriola-KD, tells in the press release: „The strengthening of profitability in both our operation segments in Sweden added to the positive profit development. After purchasing Medstop in June 2013, we have established ourselves as the central operator in the Swedish pharmacy market: according to the company’s estimates, the market share of Kronans Apotek is 21%. In turn, the profitability of the Swedish wholesale operations was improved with the effectiveness optimization program we started in Q3 of 2013.”

The release also mentions the weakening economic situation and tight competition in Russia straining the company’s business in the Russian market at the beginning of the year. Oriola-KD has nonetheless intensified its operations in Russia and the project of the main logistics centre to be built in Moscow is proceeding according to the plan.

Intelligence reporting by Global Intelligence Alliance

Original article on Kauppalehti in Finnish language

Similar article on Arvopaperi in Finnish language
9 april 2014
9 april 2014

Sweden: Successful change of IT-system for Kronans Apotek

The system change of the 71 pharmacies that became a part of Kronans Droghandel after the acquisition of Medstop is close to the end – on time and with the predicted budget.

The system now used in all Kronans Apotek’s pharmacies is Kex provided by CGI and previously used at Kronans Droghandel.

Intelligence reporting by Global Intelligence Alliance

Original article on Computer Sweden in Swedish language

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