Orica expects new technology will deliver a $15 million boost to EBIT in the 2021 financial year, following the completion of its multi-year SAP roll out and further investment in digital technology.
In its full-year result published today, the company recorded a 31 percent decline in profit citing disruptions caused by the COVID-19 pandemic but said it still achieved key strategic milestones.
The explosive maker said the largest and final phase of the SAP project was implemented in July 2020.
Simplifying with SAP S/4HANA
Orica’s 4S program – ‘Simple, Standard, Single SAP’ – covers eight end-to-end business processes and consolidates Orica’s entire business on an S/4 HANA core, supported by SAP cloud add-ons.
The business notified the market on October 12th that it needed to delay publishing its full results after “COVID-19 related challenges” caused a delay in closing the books in the new system.
At the time, Orica managing director Alberto Calderon described the deployment of SAP as a “historic, and game-changing, milestone” and noted, “the underlying business has transitioned without major disruption.”
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