Through its wholly-owned subsidiary Orkla Foods Sverige AB, Orkla has signed and completed an agreement with PepsiCo, Inc. (“PepsiCo”) to purchase the Havrefras brand, including Rug Fras and Mini Fras, which holds a strong market position in Scandinavia in healthy breakfast cereals.
Orkla currently distributes Havrefras products for PepsiCo in Norway, Sweden and Denmark.
“Orkla is well k
Orkla is committed to contributing to a sustainable economic recovery in the wake of uppothe coronavirus crisis, and is participating in an international climate campaign supported by 155 companies in 33 countries.
“Uniting Business and Governments to Recover Better” is the name of the campaign backed by the international organisation Science Based Targets initiative (SBTi) and the United N
Orkla has also been named industry best for finance students within FMCG among economics.
Every year, the country's students vote for Norway's Most Attractive Employers in the Universum annual ranking. This year, a total of 13,166 students voted on where they most want to work, and Orkla has received the following awards this year:
Newcomers of the year among IT students (35th in the total r
Orkla’s operating profit (EBIT adj.) rose by 12% to NOK 1,143 million in the first quarter of 2020. Operating revenues increased by 13% to NOK 11,507 million.
Branded Consumer Goods including Headquarters improved operating profit by 18%. Reported turnover growth for Branded Consumer Goods was 14.7%, of which 5.4% was organic growth.
“Towards the end of this year’s first quarter, Orkla and
Orkla Wound Care has signed and completed an agreement to purchase 100% of the shares in Norgesplaster Holding AS (“Norgesplaster”).
The company holds good positions in the wound care and first aid equipment market, and with the acquisition of Norgesplaster Orkla Wound Care has strengthened its presence in the pharmacy channel and the market for first aid products.
The product portfolio is m
Kari Lindtvedt has been appointed as SVP Investor Relations at Orkla ASA. She will succeed Thomas Ljungqvist, who is to become CFO of Orkla Consumer & Financial Investments.
Kari Lindtvedt (43) has worked at Orkla since 2006 and has held several senior management positions in finance and business development, both at company level and in Orkla ASA. She has worked as advisor to the CEO for t
As a supplier of food, cleaning and hygiene products, Orkla has an important responsibility to society during the coronavirus outbreak. We are experiencing increased demand and are stepping up production of selected categories to ensure ample inventories and good ability to supply our customers going forward.
The situation we are now facing is the most serious that we have experienced in peacet
Orkla’s Branded Consumer Goods business achieved 8.1% growth in operating revenues and increased operating profit by 12.1%. Organic turnover growth was 2.0%.
“Orkla finished 2019 with a good quarter in which we achieved improvement in both sales and profit. It is encouraging to see that we have strengthened our performance compared to a weak fourth quarter in 2018. In Branded Consumer Goods the
The investor initiative CDP ranks Orkla among the best listed companies when it comes to climate change leadership. Orkla has reduced its greenhouse gas emissions by over 50% in the last five years*.
In 2019, 8 400 of the world’s largest companies reported on their climate performance to CDP. Orkla is one of 10 Norwegian companies ranked at the very top, scoring an A-. This means that the compa
Orkla’s operating profit (EBIT adj.) increased by 7% in the third quarter to a total of NOK 1,444 million. Operating revenues also rose by 7%, to NOK 10,880 million. President and CEO Ivar Semlitsch has initiated a project to strengthen Orkla’s competitiveness.
Orkla will report its third quarter 2019 results on Thursday, 24 October at 7.00 a.m. CET. The quarterly report and the presentation material will be available at this time at www.orkla.com.
CEO Jaan Ivar Semlitsch is making changes to Orkla’s Group Executive Board and group structure. Orkla Consumer & Financial Investments will become a new business area within Orkla. A separate group function is to be given responsibility for mergers and acquisitions (M&A) and strategy development.
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.
