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
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
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
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
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
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
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
Broad-based sales improvement in Orkla
Our operating revenues increased by 21% in the second quarter to NOK 14.3 billion. Operating profit EBIT (adj.) rose by 39% to NOK 1,753 million. Orkla’s profit before tax amounted to NOK 1,854 million, an improvement of 38%.
Adjusted earnings per share were NOK 1.33 for the second quarter, a year-over-year increase of 17%.
Orkla’s branded consumer goods business achieved 17% growth in secon
Sales growth for Orkla
Orkla’s operating revenues increased by 15.4% in the first quarter to NOK 13,271 million. Operating profit EBIT (adj.) rose 18.1% to NOK 1,532 million. Group earnings before tax totalled NOK 1,544 million, an improvement of 7.7%.
In the first quarter, Orkla’s branded consumer goods business achieved 13.4% growth in operating revenues. Organic turnover growth was 7.7%.
The biggest improvement
Orkla invests further in alternative proteins
Orkla Alternative Proteins has invested in the two start-ups Change Foods and Arkeon, which use unique technology to produce tomorrow’s cheese and proteins from CO2, respectively.
Change Foods is a start-up that makes cheese based on proteins produced through precision fermentation. Although cheese is the primary focus at present, the goal is to also use precision fermentation to make ta
Nils K. Selte new Orkla President and CEO
Orkla’s Board of Directors has appointed Nils K. Selte as new Group President and CEO. He succeeds Jaan Ivar Semlitsch, who has headed the Group since August 2019. Mr Selte will take up his position on 11 April 2022.
“Jaan Ivar Semlitsch has led the company through the difficult time of pandemic, during which Orkla has managed to maintain its good delivery performance and cash flow. Orkla has m
Orkla acquires Hadecoup in Belgium
Through its wholly-owned subsidiary Idun Industri AS, Orkla Food Ingredients has signed and completed an agreement to purchase the Belgian company Hadecoup, thereby strengthening its position in ice cream ingredients and accessories in the Benelux region.
Today, Orkla announced its purchase of 70% of the shares in the Belgian company Hadecoup. The company is a leading player in the sale and dis