Orkla reports strong profit improvement
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 advertising to secure long-term growth and value creation,” says Orkla President and CEO Nils K. Selte. Orkla’s consolidated portfolio companies (including Head Office) grew EBIT (adj.) by 19%, to NOK