Eastern European Markets

June the 26th, 2013

Oriola-KD has signed a leasing agreement on a new main logistic center in Moscow

Oriola-KD has signed a 10 years leasing agreement on a new main logistic center to Radius Group's premises, "South Gate Industrial Park",  in Domodedovo area to the south of Moscow. The total investment is approximately EUR 12 million including automation solution, warehouse machinery and equipment. Due to the investment plan, Oriola-KD will book in total EUR 2.0 million in accelerated depreciation during 2013 and 2014.

The total floor space of the new main logistic center is approximately 30 000 square meters. The level of automation is targeted to be approximately 40 percent. The goal for transferring the operations and building the automation to the new main logistic center in Moscow is to increase the capacity, to improve the delivery quality and to increase the picking efficiency. According to the plan the operations will be transferred and the full capacity will be achieved by the end of the first quarter in 2015.

Oriola-KD Corporation

Eero Hautaniemi
President and CEO
Petter Sandström
General Counsel

Sponda Plc

For further information:
Joni Ihantola
Vice President, Treasury and IR
tel. +358 10 429 4386
email: joni.ihantola@oriola-kd.comPetter Sandström
General Counsel
tel. +358 10 429 5761

NASDAQ OMX Helsinki Ltd.
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