Ad hoc announcement pursuant to Art. 53 LR
Publication of 2024 annual results postponed
due to additional adjustments
Following the adjustments announced at the start of December 2024, a thorough review of the entire ORIOR Group was initiated. During this review, a valuation discrepancy was identified, primarily concerning the inventory of a unit, amounting to around CHF 10 million. In addition, around CHF 8 million of the adjustments already communicated in December 2024 in connection with the discontinued plant development project (CHF 20-22 million) will be reclassified with an impact on EBITDA. The aforementioned adjustments will likely lead to a restatement of the figures for the 2023 financial year, along with an impairment for the unit affected by the inventory valuation. Consequently, Guidance 2024 is no longer valid.
This means that the finalisation and review of the financial year will be delayed. The publication date for the results of the 2024 financial year and the outlook for the current year (new Guidance 2025) has been rescheduled to Wednesday, 2 April 2025.
On Wednesday, 5 March 2025, ORIOR will provide preliminary key figures for the 2024 financial year. This will include notes on all adjustments made and information on the most significant metrics from the past financial year. We will also provide an insight into the measures that have been implemented and taken, and the ongoing business activities.
Contact
Milena Mathiuet, Chief Corporate Affairs Officer, telephone +41 44 308 65 13, email:milena.mathiuet@orior.ch
Investor's agenda
5 March 2025: Publication of key elements of the 2024 financial results
2 April 2025: Publication of 2024 financial results and Annual Report
21 May 2025: Annual General Meeting of ORIOR AG
ORIOR - Excellence in Food
ORIOR is an internationally active Swiss food and beverage group. It comprises a family of companies with a strong regional footing and popular brands and products that claim leadership positions in flourishing niche markets at home and abroad. ORIORʼs decentralised business model allows every company in the Group to maintain their specific culture and identity, tailored to their workers and customers, and to create unique product, brand and concept worlds. They are joined together by a passion for culinary delights and true craftsmanship, a spirit of innovation directed towards market trends and needs, workforce entrepreneurship and strong common values.
Our management approach combines strategic thought and action at Group level with a high degree of autonomy at each competence centre. The ORIOR 2025 Strategy with its strategic pillars and the Group-wide key strategic initiatives - the ground-breaking "ORIOR New Normal", the intradisciplinary "ORIOR Champion Model" and the synergistic "ORIOR Bridge-building" initiative - are critical success factors that will ensure steady value creation for all stakehold- ers.
Motivated employees who enjoy what they do and who assume responsibility for themselves and their work are the catalyst for unlocking the extraordinary. We embrace uniqueness and premium quality in our quest to surprise and thrill our consumers time and again with delightful and delicious creations Our vision is nothing less than Excellence in Food.
ORIOR is listed on the SIX Swiss Exchange (ORON, ISIN CH011 1677 362, LEI 5067 0020 I84Z A17K 9522). Additional information available at www.orior.ch.
ORIOR PRESS RELEASE | 26 February 2025 | 1 |