Orion - Company Announcement

Orion upgrades full-year outlook for 2012

ORION CORPORATION STOCK EXCHANGE RELEASE 3 July 2012 at 3.35 P.M. EEST

Orion Corporation upgrades the full-year outlook estimate for 2012 provided in
the Financial Statement Release 2011 and published on 7 February 2012. The
company estimates that the full-year net sales and operating profit will be
higher than estimated in the previous outlook.

New full-year outlook estimate for 2012, provided on 3 July 2012

Net sales will be slightly higher than in 2011.

Operating profit will be slightly higher than in 2010.

The Group's capital expenditure will be about EUR 50 million excluding
substantial corporate or product acquisitions.


Previous full-year outlook for 2012, provided in Financial Statement Release
2011

Net sales will be at similar level to 2011.

Operating profit will be at similar level to 2010.

The Group's capital expenditure will be about EUR 50 million excluding
substantial corporate or product acquisitions.

Orion will publish the Interim Report January-June 2012 on Tuesday, 31 July
2012.


Orion Corporation


 Timo Lappalainen  Olli Huotari
 President and CEO SVP, Corporate Functions

Contact person:
Jari Karlson, CFO, tel. +358 050 966 2883
Publisher:
Orion Corporation
Communications
Orionintie 1A, FI-02200 Espoo
www.orion.fi


Orion is a globally operating Finnish company developing pharmaceuticals and
diagnostic tests - a builder of well-being. Orion develops, manufactures and
markets human and veterinary pharmaceuticals, active pharmaceutical ingredients
and diagnostic tests. The company is continuously developing new drugs and
treatment methods. Pharmaceutical R&D focuses on central nervous system drugs,
oncology and critical care drugs, and Easyhaler(®) pulmonary drugs.

Orion's net sales in 2011 amounted to EUR 918 million and the company had about
3,400 employees. Orion's A and B shares are listed on NASDAQ OMX Helsinki.



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