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Topics: Economy, Finance

  • Orkla’s portfolio companies report profit improvement

    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

  • Orkla’s Annual Report 2022

    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 one of the best at climate change leadership

    Orkla one of the best at climate change leadership

    The investor initiative CDP ranks Orkla among the best listed companies when it comes to climate change leadership. Orkla has reduced its greenhouse gas emissions by over 50% in the last five years*.
    In 2019, 8 400 of the world’s largest companies reported on their climate performance to CDP. Orkla is one of 10 Norwegian companies ranked at the very top, scoring an A-. This means that the compa

  • Improvement for Orkla

    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.

  • Changes to Orkla’s Group Executive Board

    Changes to Orkla’s Group Executive Board

    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 completes purchase of painting tool business in Netherlands and Belgium

    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 buys Dutch bakery ingredient manufacturer

    Through its wholly-owned subsidiary Sonneveld Group B.V. ("Sonneveld") Orkla Food Ingredients has signed and completed an agreement to purchase the Dutch company Vamo produkten voor de Bakkerij B.V. ("Vamo").