Orior has outlined a five-year strategy for the Switzerland-based food producer, which as well as new financial targets includes a provision for acquisitions.

The Orior 2025 Strategy, which has been delayed by the pandemic features shorter-term goals around food trends to reflect the “new normal” from the coronavirus pandemic and includes a decentralised business model for the Zurich-headquartered company’s individual operations.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

With a portfolio ranging from meat products, seafood, pasta and ready-meals to meat alternatives, Orior said it “remains open to smaller bolt-on transactions, acquisitions and corporate alliances”, within its M&A strategy.

“Taking into consideration the stated goal of sustained improvement in balance sheet quality, the focus here – at least during the initial phase of the five-year strategy period – will be on smaller transactions that strengthen and/or round out the core business of the existing competence centres,” Orior said.

And having seen organic revenues fall 1.9% last year, compared to a 2.1% increase in 2018, the owner of the Happy Vegi Butcher plant-based brand has laid out an objective to achieve annual growth rates of 2% to 4% through the course of the five-year period.

Orior is also targeting “an annual absolute increase” in EBITDA and an associated margin in excess of 10%. It is also aiming for a net debt/EBITDA ratio of less than 2.5 times and a “steady increase in the absolute dividend”. 

Last year, Orior posted sales of CHF596.4m (US$651.2m), an increase on a reported basis of 3.4%, EBITDA of CHF61m, which was up 4.2%, and a margin of 10.2%. It paid a dividend of CHF2.32 a share. And the company’s net debt/EBITDA ratio stood at 2.47 times.

“Ultimately, a financially strong and resilient foundation provides the best possible means of ensuring operational agility,” Orior said, adding that “sustainability is being anchored more deeply throughout the company”.

It continued: “In its overarching goals, Orior affirms its commitment to sustainable and profitable growth as well as to its unique business model with a decentralised corporate structure. Orior aims to thrill consumers with its power of innovation, celebrated across a diverse range of brands, concepts and product worlds. ORIOR embraces clearly defined, responsible management roles, entrepreneurship, and strong values.”