Orkla achieved EBIT (adj.) of NOK 2.1 billion in the third quarter of 2024, up 13% on the same period last year.
Group operating revenues rose by 4.3% in the third quarter of 2024, year-over-year, and volume growth was positive for the third successive quarter.
Orkla’s consolidated portfolio companies (including HQ and Business Service) grew EBIT (adj.) by 20%, to NOK 2.0 billion, in the thi
Orkla achieved EBIT (adj.) of NOK 2.0 billion in the second quarter of 2024, up 13% on the same period last year.
“Orkla has successfully maintained its positive momentum from the first to the second quarter of the year. The portfolio companies achieved profit growth, a higher return on capital employed and increased cash flow from operations. We are also continuing to ramp up investment in ad
Orkla Food Ingredients AS («OFI») has signed and completed an agreement to acquire 100% of the shares in Freunde der Erfrischung GmbH (“FDE”) from its current owner.
FDE was founded in 2004 and supplies sugar-free slush syrups, slush machines, and other products such as disposables and spare parts to customers operating in the amusement and quick serving restaurant channels. Under the ownershi
Orkla has entered into and completed an agreement to sell 100% of the shares in Lilleborg AS to Solenis, effective as of 12 June 2024. The transaction values Lilleborg at NOK 600 million on a cash and debt free basis.
Lilleborg supplies professional cleaning solutions and is the market leader in the Norwegian B2B market. Lilleborg has since 2004 been the exclusive distributor for Diversey, a S
Orkla achieved a profit before tax of NOK 1.9 billion in the first quarter of 2024, up 8%, year over year. Revenues rose by 6%, to NOK 17.1 billion.
Orkla’s Consolidated Portfolio Companies (including headquarters) increased EBIT (adj.) by 19%, to NOK 1.6 billion, in the first quarter of the year. The improvement is attributable to price and volume growth, cost-cutting measures and positive cur
Nic Finland Oy («Nic Finland»), part of Nic Group and a subsidiary of Orkla Food Ingredients, has signed and completed an agreement to acquire 100% of the shares in Snackfood Oy (“Snackfood”) from their current owners.
Snackfood supplies “on-the-go-food” and beverage solutions, such as slush, popcorn and soft ice, to amusement parks and foodservice players. The company has four employees, reco
Orkla Foods Europe’s Board of Directors has appointed Aku Vikström (52) as new CEO. He succeeds Atle Vidar Nagel Johansen, who temporarily has held the position since October 2023.
“We have conducted a comprehensive recruitment process and are pleased that Aku Vikström has accepted the position as the new CEO. He has a proven track record of creating value in various CEO positions under differ
Orkla ASA is a leading industrial investment company. Its scope of activity is brands and consumer-oriented companies. At present, Orkla has 11 portfolio companies.
Orkla has a long-term, industrial approach to its portfolio companies. We invest in companies where we can contribute to further value creation through our industry expertise, consumer insight and experience in building leading brands.
Orkla ASA is listed on the Oslo Stock Exchange.
