Orkla ASA

ORK

Equity

ISIN NO0003733800 / Valor 599441

Oslo Stock Exchange (2024-11-20)

NOK 97.70+1.40%

Orkla ASA
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About company

Orkla ASA is a prominent industrial investment company with a focus on brands and consumer-oriented companies. With a portfolio of 12 companies, Orkla takes a long-term, industrial approach to investing, aiming to add value through industry expertise, consumer insight, and brand-building experience. The company seeks to invest in businesses where it can contribute to further growth and development.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Revenue Growth

Orkla ASA reported a 14% increase in operating revenues for the third quarter of 2023, reaching NOK 16.8 billion. This growth was primarily driven by price increases and positive currency translation effects.

Profit Improvement

Orkla ASA's consolidated portfolio companies saw a 16% increase in operating profit EBIT (adj.) for the third quarter of 2023, amounting to NOK 1.8 billion. Eight out of twelve portfolio companies reported underlying profit growth.

Associate Contributions

The profit contribution from associates for Orkla ASA in the third quarter of 2023 was NOK 509 million, an improvement of 114%. Jotun, in which Orkla holds a 42.7% interest, was the main contributor to this improvement.

Profit Before Tax

Orkla ASA's profit before tax for the third quarter of 2023 was NOK 2.0 billion, a 9% decline from the same period in 2022. The decline was mainly due to significantly lower power prices affecting Hydro Power’s operating profit.

Earnings Per Share

Orkla ASA reported adjusted earnings per share of NOK 1.61 for the third quarter of 2023, a 2% increase compared to the same period last year. This reflects the overall positive performance of the company's portfolio companies.

Summarized from source with an LLMView Source

Key figures

24.8%1Y

13.6%3Y

9.97%5Y

Performance

46.6%1Y

30.9%3Y

28.1%5Y

Volatility