Orkla acquires Vesterålen Marine Olje
Orkla Health has purchased 95 per cent of the shares in Vesterålen Marine Olje AS, which produces various residual raw materials from white fish for use, for example, in the production of cod liver oil.
Orkla on top Dow Jones Sustainability Index
Orkla is one of the leading ten per cent of food companies in terms of sustainability in Europe, according to the Dow Jones’ prestigious sustainability index.
For the 11th consecutive year Orkla is included in the Dow Jones Sustainability Index Europe. This year’s total score of 63 out of 100 points is also an improvement on last year’s results.
“This is an important acknowledgement of
Growth for Orkla’s branded consumer goods
Orkla’s operating revenues increased by 10.3% to NOK 13,139 million in the third quarter of 2021. Operating profit EBIT (adj.) increased by 9.0% to NOK 1,712 million.
The Branded Consumer Goods business achieved organic sales growth of 4.1% in the quarter. The easing of coronavirus restrictions and higher demand contributed to improvement in the Out of Home channel, and sales to the grocery sec
Acquisition of two new pizza chains in Germany
New York Pizza has acquired the Flying Pizza and Pizza Planet pizza chains, which in total own 73franchisee-operated sales outlets in Germany. These purchases were made one month after the acquisition of the German pizza chain Stückwerk.
“We have now established a solid foothold in the growing German pizza market. We have a clear ambition of increasing our presence in the out of home channel, w
Acquisition of a German pizza chain
New York Pizza has acquired the German pizza chain Stückwerk, which has a total of 32 retail outlets.
“The acquisition of Stückwerk is consistent with Orkla’s strategic growth objective for the out of home segment, a channel with higher growth than the traditional groceries sector,” says Orkla President & CEO Jaan Ivar Semlitsch.
In June, Orkla signed an agreement to purchase approximate
Sales and profit growth for Orkla
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 acquires Hans Kaspar in Switzerland
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 commits to EU aspirational objectives for sustainable food production and consumption
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 acquires Sigurd Ecklund AS
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 acquires New York Pizza
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-
Orkla ASA provides local pandemic assistance in India
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’s acquisition of NutraQ completed
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
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