February 7, 2020 / 6:44 AM / in 16 days

BRIEF-Oriola Q4 Adjusted EBIT Falls To EUR 2.1 Million

Feb 7 (Reuters) - Oriola Oyj:

* ORIOLA CORPORATION’S FINANCIAL STATEMENTS RELEASE 1 JANUARY-31 DECEMBER 2019

* BUSINESS OUTLOOK FOR 2020 ADJUSTED EBIT ON A CONSTANT CURRENCY BASIS IS ESTIMATED TO INCREASE FROM 2019 LEVEL.

* Q4 NET SALES EUR 446.7 MILLION VERSUS EUR 394.7 MILLION YEAR AGO

* Q4 ADJUSTED EBIT WAS EUR 2.1 (5.0) MILLION

* IN FINLAND, OUR DISTRIBUTION OPERATIONS EXCEEDED OUR OBJECTIVES AND ARE PERFORMING WITH HIGH EFFICIENCY, STABILITY AND EXCELLENCE. Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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