Orkla delivers a robust quarterly performance
Orkla achieved a profit before tax of NOK 1.9 billion in the first quarter of 2024, up 8%, year over year. Revenues rose by 6%, to NOK 17.1 billion.Orkla’s Consolidated Portfolio Companies (including headquarters) increased EBIT (adj.) by 19%, to NOK 1.6 billion, in the first quarter of the year. The improvement is attributable to price and volume growth, cost-cutting measures and positive currency translation effects. Orkla’s earnings per share (adj.) for the quarter was NOK 1.50, up 14% compared to the same period last year. “Orkla has made a strong start to the year. Most of the