Oriola posted overall good figures in Q4. Net sales and invoicing growth was in the double-digits, and the pace exceeded our expectations. The adj. EBITDA of EUR 9.9m fell slightly short of our EUR 10.3m expectations, as the profitability in the Wholesale-segment remained subdued. Oriola expects the adj. EBITDA to increase in 2026 compared with 2025.
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