Investor Presentaiton
Income statement
ORION
EUR million
2019
2020
2021
2022
1-12/23
1-12/22
Change %
Net sales
1,051.0
1,078.1
1,041.0
1,340.6
1,189.7
1,340.6
-11.3%
Cost of goods sold
-417.6
-434.4
-447.5
-489.0
-531.9
-489.0
+8.8%
Gross profit
633.4
643.7
593.5
851.6
657.7
851.6
-22.8%
Other operating income and expenses
2.2
5.4
6.4
5.7
43.7
5.7
> 100%
Sales and marketing expenses
-215.7
-204.3
-191.0
-209.1
-224.8
-209.1
+7.5%
Research and development expenses
-119.3
-123.2
-117.7
-133.2
-126.9
-133.2
-4.7%
Administrative expenses
-47.8
-41.6
-47.9
-75.4
-74.8
-75.4
-0.7%
Operating profit
252.8
280.1
243.3
439.6
274.9
439.6
-37.5%
Finance income and expenses
-2.0
-1.8
-1.0
0.7
-3.0
0.7
< -100 %
Profit before taxes
250.8
278.3
242.3
440.3
271.9
440.3
-38.3%
Income tax expense
-50.5
-58.4
-48.5
-90.8
-55.1
-90.8
-39.3%
Profit for the period
200.4
219.9
193.8
349.5
216.8
349.5
-38.0%
49
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