Orkla’s consolidated portfolio companies (incl. Orkla ASA) increased EBIT (adj.) for the fourth quarter by 11% to NOK 1.6 billion. Orkla’s board of directors intends to propose a total dividend for the accounting year 2024 of NOK 10 per share. Orkla also announces the sale of 100% of the shares in Pierre Robert Group.
Orkla’s turnover increased in the fourth quarter by 6% to NOK 18.8 billion ma
On 18 November 2024, Orkla announced that a subsidiary of Orkla Food Ingredients entered into an agreement to acquire Eurohansa Toruń, a Polish producer of fruit fillings and preparations.
The transaction has now been completed. Eurohansa Toruń will be consolidated into the financial statements of Orkla Food Ingredients as of 1 February 2025.
The notification of 18 November 2024 can
Orkla has entered into agreements to sell its entire hydro power portfolio in two separate transactions. The transactions value the portfolio at NOK 6.1 billion on a cash and debt-free basis.
The hydro power portfolio is held through 100% ownership of three separate holding companies: Sarpsfoss Limited, Orkla Energi AS (85% owner of AS Saudefaldene), and Trælandsfos Holding AS.
Hafslund AS (
Credin Polska sp. z o.o. (“Credin Poland”) through its subsidiary Credin Polska Development sp. z o.o. has signed an agreement to acquire the Eurohansa brand name and all assets and operations relating to the Toruń site (together “Eurohansa Toruń”) from the current owner.
Eurohansa owns two independently operated sites in the cities of Toruń and Pulawy in Poland. Credin Poland will acquire all
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
Nic Finland Oy («Nic Finland»), part of Nic Group and a subsidiary of Orkla Food Ingredients, has signed and completed an agreement to acquire 100% of the shares in Snackfood Oy (“Snackfood”) from their current owners.
Snackfood supplies “on-the-go-food” and beverage solutions, such as slush, popcorn and soft ice, to amusement parks and foodservice players. The company has four employees, reco
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 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
Maiken Skirstad Mo, former CEO of Christiania Belysning, has accepted a position as CEO of Pierre Robert Group.
Skirstad Mo has broad experience within the consumer goods and retail industry, most recently as CEO and Group CEO at Christiania Belysning.
Skirstad Mo’s extensive background also includes the role of Marketing Director at both Apotek 1 and Nille, as well as Commercial Director a
Orkla ASA is a leading industrial investment company. Its scope of activity is brands and consumer-oriented companies. At present, Orkla has 10 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.
