Orkla achieved EBIT (adj.) of NOK 2.1 billion in the third quarter of 2024, up 13% on the same period last year.
Group operating revenues rose by 4.3% in the third quarter of 2024, year-over-year, and volume growth was positive for the third successive quarter.
Orkla’s consolidated portfolio companies (including HQ and Business Service) grew EBIT (adj.) by 20%, to NOK 2.0 billion, in the thi
Orkla achieved EBIT (adj.) of NOK 2.0 billion in the second quarter of 2024, up 13% on the same period last year.
“Orkla has successfully maintained its positive momentum from the first to the second quarter of the year. The portfolio companies achieved profit growth, a higher return on capital employed and increased cash flow from operations. We are also continuing to ramp up investment in ad
Orkla Food Ingredients AS («OFI») has signed and completed an agreement to acquire 100% of the shares in Freunde der Erfrischung GmbH (“FDE”) from its current owner.
FDE was founded in 2004 and supplies sugar-free slush syrups, slush machines, and other products such as disposables and spare parts to customers operating in the amusement and quick serving restaurant channels. Under the ownershi
Orkla achieved a profit before tax of NOK 1.9 billion in the first quarter of 2024, up 8%, year over year. Revenues rose by 6%, to NOK 17.1 billion.
Orkla’s Consolidated Portfolio Companies (including headquarters) increased EBIT (adj.) by 19%, to NOK 1.6 billion, in the first quarter of the year. The improvement is attributable to price and volume growth, cost-cutting measures and positive cur
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
At its Capital Markets Day event today, Orkla will announce the new target for Total Shareholder Return, as well as financial targets for the portfolio companies in the period 2024–2026.
On 1 March 2023 Orkla implemented a new operating model and established 12 autonomous Portfolio Companies.
Orkla is a leading industrial investment company, with focus on strong brands and consumer-oriented
Paul Jordahl (62) will step down as CEO of Orkla Foods Europe as of 1 November 2023. Atle Vidar Nagel Johansen will take up the role temporarily from the same date.
“The establishment of Orkla Foods Europe as a portfolio company has now been completed and a comprehensive strategic plan has been drawn up. The company has a new external Board Chair and a very competent Board of Directors. Th
A new Board of Directors has been appointed today at Orkla Confectionery & Snacks (OCS). Orkla’s EVP & Investment Executive Audun Stensvold will serve as Board Chair. He will be joined on the Board by two external Board members, Thomas A. Bittinger and Gro Krigsvoll.
The Board of Directors of OCS will also comprise SVP Marte Kaarbø Mathisen from Orkla’s investment team, as well as two e
Orkla had a solid improvement in both profit and revenues in the first quarter. Profit before tax amounted to NOK 1.7 billion, a year-over-year increase of 12%. Operating profit EBIT (adj.) rose by 5% to NOK 1.6 billion. The group’s first-quarter operating revenues totalled NOK 16.2 billion, equivalent to 22% growth.
Orkla’s Branded Consumer Goods business increased its operating revenues
Xavier Belison and Kjersti Hobøl have been appointed as chairman and member, respectively, of the Board of Directors of Orkla Foods Europe.
On 1 March, Orkla ASA was established as an investment company with 12 autonomous portfolio companies. Some of the companies – such as Orkla Foods Europe – will have external Board members.
Xavier Belison was appointed today as Chairman of the Board of
Arne B. Corneliussen AS (“ABC”) has signed and completed an agreement to acquire Norstamp AS (“Norstamp”) from Stormbull AS. Norstamp delivers labelling and packaging solutions to the Norwegian market.
ABC, an Orkla Food Ingredients subsidiary, has agreed to purchase 100% of the shares in Norstamp.
Norstamp, which will remain an independent operation after the acquisition, is a well-establis
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
Orkla has entered an agreement to acquire 74% of the shares in Da Grasso, one of the leading pizza franchise chains in Poland with 193 outlets nationwide.
Consumer sales for the chain in 2021 amounted to EUR 53 million, which corresponds to approximately NOK 530 million. Da Grasso had a turnover of EUR 13.6 million in 2021 (NOK 136 million). Normalized EBITDA amounted to EUR 2.5 million in 202
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.
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.
