Quarterly Report. Orio AB delivers black numbers.

A new CEO, a stronger focus on the core business. The consistent focus on their traditional strengths seems to bear fruit at Orio AB. For the 3. Quarter 2019 reports the company's return to the black, after a loss in the prior-year quarter. The development of the markets themselves remains uneven, and a region crashes in the 3. Quarter off.

Saab center Bamberg, 900 Cabriolet.
Saab center Bamberg, 900 Cabriolet.

After a slight loss in the same quarter last year reports Nyköping an operating result of 200.000 Swedish kroner. Gross profit was 2%, after a fall of 1% in the same period last year. Turnover fell by 14% to 128 million kroner, and a look at the development of each region is of interest.

The Scandinavian markets and North America report a decline of 6%. Both regions had previously been severely shaken by massive sales losses, they are now stabilizing. Especially in their home country Orio AB seeks a close alliance with the customers, which begins to pay off. There is an online shop for Saab parts, the partner network is well staffed, and via an app, the Saab driver can manage his vehicles and contact the Saab Helpdesk directly if there are any questions.

Germany and the UK are down sharply

On the other hand, two other markets performed better than average. In the UK, where consumer confidence has been fairly weak for some time due to the Brexit debacle, sales plunged by 13%. At the same time, the model market Germany followed, which so far seemed immune to crises and setbacks. Here, too, sales fell by 13%. While in the UK the reasons are obvious, the problems in Germany are different. Larger workshops have built up alternative procurement channels over the years and are increasingly using them. Sales that were automatically posted to Orio a few years ago are now missing.

Quarterly reports reflect the past. The focus of Orio AB on logistics and the Saab niche is interesting and challenging. If you ask for the future, you should look to the British Isles. For decades companies have used the legacy of vanished brands. They do this well and successfully. From the smallest screw to the body shell, there is everything, even if the vehicle is 50 years old. A template for the Orio AB, because while Saab disappears from everyday life continues to grow, the market for classics from Göta Älv.

What the Orio AB communicated about the theme of reproduction during the festival in Trollhättan sounds very positive for the Saabeigner. Gaps should be closed again, interesting initiatives start for the classics. The traditional Saab location in Nyköping seems to have misunderstood. This is good for those who love their Saab and would like to be mobile even longer with their Swedish cultural heritage. A little patience, until the alignment in the quarterly reports reflected, you have to have, of course. From the first idea to the product that goes through the shop counter, it takes months, sometimes even years.

15 thoughts too "Quarterly Report. Orio AB delivers black numbers."

  • Orio is not a corporation, at best medium-sized companies. That one thinks back to the core competence is only to be welcomed. With that you can live well and survive. In addition, there is still a lot of air in the spare parts up. It works very well on my FSH, but only because there is more than one dedicated resource.

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  • The quoted decline in Germany of 13% is isolated in the 3 quarter. With regard to the previous full year 2019 (Q1-Q3), Germany reports the lowest decline of all markets in the same report with -7% and therefore maintains its position as a flagship market. 🙂

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  • When does ORIO make an effort to have the lightbar of the 9-5 NG produced? There are already some spare parts of the NG that are no longer available from ORIO. How should one value his SAAB? On this niche you automatically enter a minus. Actually a pity and not a trusted partner for 9-5 NG customers.

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  • The British are leading the way and it would be nice if the Swedes went in the same direction. Although I could imagine that the British simply had and have greater potential. The other question I ask myself is what is a Saab driver willing to spend on his classic to restore or keep it in good condition. I could imagine that more would be spent on British cars. My 9-3 Cabrio Bj.2002 and with 215K km on the hump "devours" now in the refurbishment (which is done very thoroughly) more than it cost. It's worth it to me, but how many do that for a season / hobby car?
    I can understand that “our” workshops are looking for an alternative in the procurement of spare parts, you don't want to be dependent.

    • I see potential at Saab. Especially when I see the current restorations at well-known retailers. There is invested far above the value, with a lot of heart and love for the brand. In addition, Saab has a strong base that is well structured in age. The vehicles also have a lot of character and are not unlike the British on this point.

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  • What ever.

    The 900 Turbo Cabriolet in the picture arouses me desires ...

  • How does it look in Austria?

  • Are these restorations also sold? The last vehicles, including top restored convertibles, which I have observed stood at the prices of over 35000 € the tires angular.

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    • I hope not so fast. It is being restored on behalf of the customer, because it is no longer so easy to separate.

  • That's the way it is. You do it for yourself and you enjoy it without thinking of an increase in value or thinking of later sales. The Saab has a strong base, I realized that there are always more for themselves and their own pleasure to restore and keep happy.

  • The Island
    The small swing to GB in the article I find interesting and wonder if a similar development for Saab would be possible?
    After all, a great many tools, forms and licenses have been widely scattered.
    Also, I can imagine that there are also in GB depending on the brand and model significant problems. Positive exceptions confirm the rule.

    • For the English brands, it is usually the clubs that have secured tools. At Saab it's the Orio AB, or they're being rebuilt by other vendors. It is interesting that more and more parts come from the printer. Above all, these small parts hold for classics that are nowhere more. There is a lot going on, I have a contribution in the medium term in preparation.

  • I'm looking forward to it. The question of what role the 3-D print could play for classics came to my mind. Cool, that you get the answers here ...

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