Orkla’s consolidated portfolio companies increased operating profit EBIT (adj.) for the fourth quarter by 17% to NOK 1.6 billion.
The improvement is due to cost reduction measures, positive currency translation effects, price increases and structural growth.
The contribution from associates to Orkla’s profit rose in the fourth quarter by 153% to NOK 372 million. This was mainly the contribut
Orkla's Annual Report for 2022, which also comprises Orkla’s sustainability report, is published today.
The Annual Report is available on Orkla’s website: www.orkla.com/annualreport
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 House Care has completed an agreement to take over the remaining 50% of the shares in the joint venture company Anza Verimex Holding. Since 2018, Orkla House Care has owned 50% of the company which is market leader in the sale and distribution of painting tools in the Netherlands and Belgium.
Through its wholly-owned subsidiary Sonneveld Group B.V. ("Sonneveld") Orkla Food Ingredients has signed and completed an agreement to purchase the Dutch company Vamo produkten voor de Bakkerij B.V. ("Vamo").
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.
