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 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
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
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
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 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
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
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
Orkla’s Annual Report for 2021, which also includes its Sustainability Report, has been published today.
As stated in the Annual Report, operating revenues increased by 7.0% to NOK 50,441 million in 2021. Operating profit EBIT (adj.) rose 11.9% in 2021 to NOK 6,145 million.
In 2021, earnings per share (adjusted) amounted to NOK 5.17, an increase of 2.6%. Orkla’s Board of Directors will pro
Orkla Health has acquired 100 per cent of the shares in Healthspan Group Limited, a leading supplier of dietary supplements in the British market.
Healthspan was established in 1996 and has since built up a strong brand and a broad range of dietary supplements and skin care products. A total of 92 per cent of the company’s sales are made directly to consumers and the company has around half a
Executive Vice President Kenneth Haavet (41) has resigned from his position as CEO of Orkla Consumer & Financial Investments. Thomas Ljungqvist (42) has been appointed interim Executive Vice President and CEO of the business area. He will be a member of Orkla’s Group Executive Board.
“I want to thank Kenneth for developing Orkla Consumer & Financial Investments into a growth-oriented, p
Orkla’s operating revenues increased by 11.1% in the fourth quarter to NOK 14,027 million. The Group’s profit before tax amounted to NOK 1,841 million, an improvement of 42.7%. Operating profit EBIT (adj.) rose by 18.9%, to NOK 1,871 million.
Operating revenues for the full year increased by 7.0 % to NOK 50,441 million. In 2021, operating profit EBIT (adj.) showed growth of 11.9% and amounted t
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.
