Document - 29 October 2020

Q3 2020 Report

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Topics

Food, Drink

Contacts

Joachim Gresslien

Press contact Vice President Financial Communication Orkla ASA joachim.gresslien@orkla.no +47 907 25 018

Dag Olav Stokken

Press contact SVP Communication Orkla Foods Europe/Orkla Foods Norge dag.olav.stokken@orkla.no +4791665078

Bettina Johnsen

Press contact Communication Manager Pierre Robert Group bettina.johnsen@pierrerobert.no +4748608934

Kristoffer Barbøl Vikebak

Press contact Communication Manager Orkla Foods Norge/Orkla Foods Europe kristoffer.vikebak@orkla.no +47 45 51 72 72

Broad-based growth for Orkla

Orkla’s operating profit (EBIT adj.) increased by 8.8% in the third quarter to NOK 1,571 million. Operating revenues rose 9.5% to NOK 11,909 million.
Orkla’s profit before tax amounted to NOK 1,706 million, an improvement of 33.7%. Adjusted earnings per share increased by 23.7% to NOK 1.46.
The Branded Consumer Goods business, including Headquarters, posted a 15.2% improvement in operating p

Welcome to Orkla Global!

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.