Latest news

27 October 2022 07:35

Orkla to become an industrial investment company

Orkla is to be transformed into a leading industrial investment company with a brands and consumer-oriented scope. Orkla will consist of 12 portfolio companies.
Orkla’s Board of Directors decided yesterday to establish a new corporate structure and management team.
“We want to establish a corporate structure and culture that creates greater value and entails greater autonomy and responsibili

27 October 2022 07:33

Profit growth for the Orkla group

Orkla’s operating revenues increased in the third quarter by 12% to NOK 14.8 billion. Operating profit EBIT (adj.) rose 30% to NOK 2,223 million. Group profit before tax amounted to NOK 2,245 million, an improvement of 29%. Hydro Power and Jotun both had strong top-line and profit growth.
Adjusted earnings per share for the third quarter were NOK 1.58, an increase of 15% from the same period in

3 October 2022 08:36

Orkla invests in US ice cream ingredients and announces intention to seek a partner to further accelerate growth of its ingredients business

Orkla Food Ingredients (“OFI”) has entered into an agreement to purchase 84% of the shares in Denali Ingredients, which is a leading ice cream ingredients business in the USA. The purchase price on a 100% and cash and debt free basis is USD 200 million, equivalent to NOK ~2.2 billion.
Denali Ingredients has seen strong organic growth of more than 10% p.a. over the past 15 years. The company is

Thomas Ljungqvist, konserndirektør og konstituert leder for Orkla Consumer & Financial Investments. Foto: Alf Simensen, NTB

15 September 2022 10:06

Orkla acquires leading Polish pizza chain

Orkla has entered an agreement to acquire 74% of the shares in Da Grasso, one of the leading pizza franchise chains in Poland with 193 outlets nationwide.
Consumer sales for the chain in 2021 amounted to EUR 53 million, which corresponds to approximately NOK 530 million. Da Grasso had a turnover of EUR 13.6 million in 2021 (NOK 136 million). Normalized EBITDA amounted to EUR 2.5 million in 202

9 September 2022 08:30

Orkla scores top marks for sustainability reporting

The analysis and advisory firm Position Green has ranked the sustainability reporting of the 100 largest companies listed on the Oslo Stock Exchange, and has given Orkla an A grade.
In the past few years, demands and expectations regarding Environmental, Social and Corporate Governance (ESG) reporting have evolved rapidly. At the same time, the information provided by companies, and the way it

19 August 2022 13:19

Maria Syse-Nybraaten from Ferd to Orkla

Maria Syse-Nybraaten has been appointed as EVP and CEO of the Orkla Consumer & Financial Investments business area. She is taking over the position after Thomas Ljungqvist who has served in an acting capacity since 16 February.
Ms Syse-Nybraaten comes from the position of Investment Professional at Ferd Capital where she has held several key positions since 2013, including responsibility f

18 August 2022 12:30

Orkla’s net-zero emission targets approved by Science Based Targets initiative

As one of the first companies worldwide, Orkla’s target to reach zero greenhouse gas emission across the value chain by 2045 is approved by the Science Based Targets initiative (SBTi).

The SBTi’s Corporate Net-Zero Standard is the world’s first framework for corporate net-zero target setting in line with climate science. It includes the guidance, criteria, and recommendations companies need

Press contacts

Kari Westersund

Press contact SVP Communications kari.westersund@orkla.no +47 92 85 61 92

Håkon Mageli

Press contact Group Director, Corporate Communications & Corporate Affairs hakon.mageli@orkla.no + 47 928 45 828

Dag Olav Stokken

Press contact SVP Communication dag.olav.stokken@orkla.no