Broad-based growth for Orkla
Orkla’s operating profit (EBIT adj.) increased by 8.8% in the third quarter to NOK 1,571 million. Operating revenues rose 9.5% to NOK 11,909 million.Orkla’s profit before tax amounted to NOK 1,706 million, an improvement of 33.7%. Adjusted earnings per share increased by 23.7% to NOK 1.46.The Branded Consumer Goods business, including Headquarters, posted a 15.2% improvement in operating profit. All five business areas had growth compared with the third quarter of 2019: Orkla Consumer Investments (+ 47%), Orkla Care (+ 16%), Orkla Confectionery & Snacks (+ 13%), Orkla Foods (+ 11%) and