Half-year figures. Orio wants to risk more Saab.

The Orio AB, supplier of Saab original spare parts, publishes its Half-year figures, For the first 6 months, net sales decreased by 18%. Not all business units and markets developed consistently. It is therefore appropriate to take a closer look. One thing is certain: the new one CEO a mountain of work is waiting.

Orio half-year figures. Orio wants to risk more Saab.
Orio half-year figures. Orio wants to risk more Saab. Photo: Orio AB

Particularly hard in the first half of the year is the logistics sector. Actually, he should be a mainstay of the business model. But after the expiry of the Opel contract and the integration of the Opel spare parts supply into the PSA organization, revenues plunge by 52% to 10 million SEK (1,06 million €). But Orio remains confident about the future and announces negotiations with new potential customers.

Worldwide sales of Saab spare parts were mixed. The decrease was 16% to 238 million SEK (25,17 million €). After the market in North America had already suffered a sharp decline 2018, the revenues fall by another 18% to 66 million SEK (6,98 million €) from. However, the phase of strong sales losses seems to be over, as 2019 only posted a minus of 10% in the second quarter. The UK is also in minus with 10%, the Nordic markets report - 11% to the first half of last year.

The German market is quite different. Although never one of the strongest markets for the brand, it has been a reliable pillar for Orio AB for years. In the first quarter of 2019, the German subsidiary was able to announce increasing sales, in the following months they declined again. With a modest decline of only 4%, which could also be defined as a regular fluctuation, Germany is bucking the trend and is therefore only just behind the sales in Great Britain. If one counts on 12 months, then the sales market on the island and Germany is the same, it seems only a matter of time until the former Saab flagship market is overtaken.

The Orio AB wants to risk more Saab

While the half-year loss widened to 12 million SEK (1,27 million €), Nyköping reports an unchanged high gross margin when trading Saab original spare parts. Orio AB will continue its strong commitment to the brand and align its strategy accordingly.

In addition to improvements in efficiency, the company aims to grow in a market that continues to shrink. To realize the Swedes want to regain lost market shares of competitors. A strategy that surprisingly reads after years of giving up positions without need. There are more and more gaps in the product range that are difficult to explain. The coming months will show if the announcement is followed by action. Workshops, partners and Saab drivers would certainly welcome that.

7 thoughts too "Half-year figures. Orio wants to risk more Saab."

  • Good news for all SAAB users!
    Maybe it will be time ... to turn to the individual SAAB owners.
    A rethink from the “consumption car” to the benefit to the very end is addressed abundantly here on the blog. Fortunately.
    So the blog pushes, in the positive claim, ORIO in front of him. OK then.
    However, it should also be followed by action, ORIO!

  • Facts, facts, facts ... Already amazing how well Germany asserts itself. Is it the German Orio, the Saab owners or is it tailwind through the blog? Would be nice if ORIO also makes something of it. My friend complains again and again because he must seek alternative suppliers. He would like to order everything from Orio.

  • Orio ...... we need you to be able to use our sweetheart with fun and to counteract the mainstream for the next years. Boring cars are already enough.

    • So usually there are wearing parts without Orio ... Sometimes even with a much better price / performance ratio.
      For special parts, of course, it looks a bit different ... where the CIM there was for a long time or not at Orio 😉

  • Against the backdrop of the different markets, I estimate that the (ORIO) authorized repair shops, which are still relatively easy to find here, account for a not inconsiderable share: In particular, the training of employees should make a difference here compared to the average level of the other countries mentioned.
    This pays off at the latest on older vehicles when it comes to troubleshooting, setting or even selective optimization.
    In this respect, support for workshops by ORIO is not a bad idea if customers tend to have a certain long-term orientation in vehicle use.

  • The Saabblog certainly contributes a lot to the fact that Saab is still so strong, so people continue to drive to the good Saab workshops and continue to source Orio replacement parts. As long as Orio focuses on Saab, as long as you can continue to drive easily Saab.

  • For seven years, Orio knows about the unavailability of the NG's Ledbar. What has happened since then? - NOTHING AT ALL!!!

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