Continued profit growth for Orkla

Orkla increased EBIT (adj.) for the first quarter by 10% to NOK 1.8 billion.

Orkla’s operating revenues rose by 2.3% to NOK 17.2 billion, despite slight volume/mix decline. Orkla achieved a profit before tax of NOK 2.2 billion in the quarter, up 28%, year over year.

Orkla’s consolidated portfolio companies (incl. Orkla ASA) increased underlying EBIT (adj.) for the first quarter by 7.6% to NOK 1.7 billion.

Profit from associated companies totalled NOK 651 million, mostly attributable to Orkla’s 42.7% ownership share in Jotun. This represented a year-over-year increase of 57% mainly due to currency losses in Jotun last year following devaluation of the Egyptian pound, as well as lower net financial expenses in 2025.

Orkla's earnings per share (adj.), diluted, for the quarter was NOK 1.68, up 19% compared to the same period last year.

At the beginning of 2025, Orkla entered into agreements to sell its hydropower portfolio and Pierre Robert Group. The sale of Pierre Robert Group was closed in the first quarter and the sale of the hydropower portfolio was closed in the beginning of the second quarter.

"I am pleased to see that our portfolio companies continue to deliver growth in both operating profit and margins. The sale of our hydropower assets and Pierre Robert Group mark important steps in simplifying our portfolio. We are executing our strategy and are well on track to deliver on our communicated targets," says Orkla President and CEO Nils K. Selte.