Orkla’s operating revenues increased by 6.1% to NOK 11,772 million in the second quarter of 2021. Operating profit (EBIT adj.) rose 5.0% to NOK 1,265 million.
Orkla’s profit before tax increased by 12% to NOK 1,344 million in the second quarter. Earnings per share rose 9.5% to NOK 1.04 in the quarter. Adjusted earnings per share rose 3.6% to NOK 1.14.Substantially higher power prices contribute
Orkla Food Ingredients has entered into an agreement to purchase the Swiss company Hans Kaspar, thereby strengthening its position in confectionery and ice cream ingredients.
“Hans Kaspar offers high-quality, specialty ingredients based on natural raw materials, adapted to modern consumer trends. As a well-established company, with a long history, Hans Kaspar has customer relationships with sev
Orkla is one of the first companies to commit to the EU’s sustainability objectives for the food industry.
In launching the EU Code of Conduct on Responsible Food Business and Marketing Practices, the European Commission is setting ambitious, clear objectives for ways in which the food sector is to contribute to achieving sustainable food systems. Companies in the European food industry are cal
BaKo AS has signed and completed an agreement to purchase the company Sigurd Ecklund AS. The company supplies a wide range of products to Norwegian confectioners, bakeries, restaurants and hotels.
BaKo AS, a company under Orkla Food Ingredients, has entered into an agreement to purchase 100 per cent of the shares in Sigurd Ecklund.
Sigurd Ecklund is a well-established supplier of products i
Orkla has entered into an agreement to purchase 75% of the shares in New York Pizza, one of the leading pizza chains in the Netherlands.
Last year, New York Pizza sold 11.5 million pizzas and had total turnover of EUR 54.7 million (including dough manufacturing turnover), equivalent to approximately NOK 555 million. Chain sales have increased by approx. 12 % p.a. since 2008, driven by like-for-
Through its Indian companies, MTR Foods and Eastern Condiments, Orkla has donated NOK 3 million for local pandemic relief in the states of Kerala and Karnataka.
Orkla has over 4000 employees in India in the food companies MTR Foods and Eastern Condiments. MTR Foods is located in Karnataka and headquartered in Bangalore, while Eastern Condiments is located in the Kerala area. As is the case all
Orkla Health has completed its purchase of 100 per cent of the shares in NutraQ 2 AS (NutraQ), a leading supplier of subscription-based health and wellness products in the Nordic region. The acquisition has now been approved by all relevant competition authorities.
With its subscription-based business model, NutraQ represents a new business approach for Orkla.
“This acquisition will offer Or
Orkla brand managers won gold in world championship in marketing. Never before has anyone from Norway won this prestigious award.
Orkla Health has completed its purchase of 100 per cent of the shares in NutraQ 2 AS (NutraQ), a leading supplier of subscription-based health and wellness products in the Nordic region. The acquisition has now been approved by all relevant competition authorities.
With its subscription-based business model, NutraQ represents a new business approach for Orkla.
“This acquisition will offer Or
Orkla makes minority investment in biotechnology company Because, Animals. This venture company is the only one in the world that has developed pet food of animal origin that is not based on the slaughter of animals. The target group for the company’s products are dogs and cats.
Because, Animals was co-founded by Shannon Falconer, PhD, and Joshua Errett, MBA, who both volunteered at the same ca
Orkla ASA has entered into an agreement to purchase the Icelandic company Nói-Siríus HF (“Nói Siríus”), which is the leading manufacturer of chocolate and confectionery in Iceland.
Nói Siríus is well-known for its iconic chocolate brands Síríus, Nóa Konfekt, Nóa Kropp, Nóa Páskaegg and Konsum.
“Nói Siríus holds a unique position in Iceland and is a good fit with Orkla’s portfolio of leading
Orkla’s goal is to become one of Europe’s leading competitors in the alternative proteins space before 2030. That is why the Group is now establishing Orkla Alternative Proteins (OAP) as a separate business unit.
“We are just at the beginning of a massive shift towards alternative protein sources. For Orkla, alternative proteins is an important priority area that offers major growth opportunit
Orkla ASA is a leading industrial investment company. Its scope of activity is brands and consumer-oriented companies. At present, Orkla has 10 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.
