Orkla delivers improvement in a challenging quarter
Orkla's Branded Consumer Goods business achieved a turnover of NOK 9.5 billion in the first quarter of 2018. Turnover growth was 7.5%, while organic growth was 0.1%. Branded Consumer Goods' operating profit (EBIT adj.) increased by 2.3% to NOK 942 million. This improvement is largely attributable to the acquisition of companies and positive currency translation effects. "Orkla's Branded Consumer Goods business delivered organic growth and improved operating profit in the first quarter of 2018. I am particularly pleased that one of our largest companies, Orkla Foods Sverige, has