Image - 8 February 2024

L1470662

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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

Orkla’s portfolio companies report profit improvement

Orkla’s consolidated portfolio companies increased operating profit EBIT (adj.) for the fourth quarter by 17% to NOK 1.6 billion.
The improvement is due to cost reduction measures, positive currency translation effects, price increases and structural growth.
The contribution from associates to Orkla’s profit rose in the fourth quarter by 153% to NOK 372 million. This was mainly the contribut