Orkla ASA Q1 2017: Growth continues
Orkla's operating profit (EBIT adj.) increased by 10% in the first quarter of 2017, to NOK 900 million. Turnover rose by 5%, to NOK 9,081 million.The improvement was chiefly related to growth in Orkla's branded consumer goods business. Growth in turnover was driven by Orkla Confectionery & Snacks, Orkla Care and Orkla Foods. Orkla Food Ingredients saw an organic decline in the quarter, primarily due to a decline in the price of almonds and butter blends. Orkla's branded consumer goods business increased its operating profit by 7%, to NOK 921 million. The branded consumer goods business