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
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
Orkla today announced a partnership with Rhône, a global private equity firm with a focus on investments in businesses with a transatlantic presence. Investment funds affiliated with Rhône will acquire 40% ownership in Orkla Food Ingredients AS (“OFI”). The transaction implies an enterprise value of NOK 15.5 billion.
Orkla and Rhône expect that the partnership will enable the OFI group to c
Orkla’s operating revenues increased by 14% in the third quarter to NOK 16.8 billion. The improvement is primarily due to price increases and positive currency translation effects. Eight out of 12 portfolio companies had underlying profit growth.
Orkla’s consolidated portfolio companies increased operating profit EBIT (adj.) by 16% to NOK 1.8 billion in the third quarter.
The profit contribu
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
Orkla’s operating revenues increased by 20% to NOK 17.1 billion in the second quarter. 11 of Orkla’s 12 portfolio companies reported profit improvement. Adjusted earnings per share rose by 17% to NOK 1.55 for the second quarter.
Orkla’s consolidated portfolio companies increased operating profit EBIT (adj.) by 29% to NOK 1.6 billion in the second quarter. All portfolio companies in Orkla had go
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.
