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Orkla delivers a robust quarterly performance
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
Aku Vikström has been appointed CEO Orkla Foods Europe
Orkla Foods Europe’s Board of Directors has appointed Aku Vikström (52) as new CEO. He succeeds Atle Vidar Nagel Johansen, who temporarily has held the position since October 2023.
“We have conducted a comprehensive recruitment process and are pleased that Aku Vikström has accepted the position as the new CEO. He has a proven track record of creating value in various CEO positions under differ
Orkla’s portfolio companies report profit improvement
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