Continued improvement for Orkla
Orkla’s operating revenues increased by 20% to NOK 17.1 billion in the second quarter. 11 of Orkla’s 12 portfolio companies reported profit improvement. Adjusted earnings per share rose by 17% to NOK 1.55 for the second quarter.Orkla’s consolidated portfolio companies increased operating profit EBIT (adj.) by 29% to NOK 1.6 billion in the second quarter. All portfolio companies in Orkla had good organic growth, but most of them also saw a certain decline in volume. The contribution to Orkla’s profit from Jotun (in which Orkla owns a 42.7% interest) totalled NOK 533 million, which is an