Orthex Oyj Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
March 08, 2023 at 07:00 am
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Orthex Oyj reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was EUR 20.36 million compared to EUR 23.08 million a year ago. Net income was EUR 0.344 million compared to EUR 1.01 million a year ago. Basic earnings per share from continuing operations was EUR 0.02 compared to EUR 0.06 a year ago. Diluted earnings per share from continuing operations was EUR 0.02 compared to EUR 0.06 a year ago.
For the full year, sales was EUR 84.05 million compared to EUR 88.69 million a year ago. Net income was EUR 2.12 million compared to EUR 6.04 million a year ago. Basic earnings per share from continuing operations was EUR 0.12 compared to EUR 0.35 a year ago. Diluted earnings per share from continuing operations was EUR 0.12 compared to EUR 0.35 a year ago.
Orthex Oyj is a Finland-based houseware company, that designs, produces and sells household products with a mission to make consumersâ everyday life easier. Orthexâs products cover multifunctional assortment of storage boxes, kitchen products and products for home and yard. The Company markets and sells its products under three main consumer brands: SmartStore, GastroMax and Orthex. In addition, it sells externally produced kitchen products under the Kokskungen brand. The Company serves various customer types in retail, such as traditional convenience stores, specialty and hardware retailers, online stores, and department stores. Orthex Group has customers in 40 countries and on four continents. It has three factories of its own in Finland and in Sweden.