Growth for Orkla in 2003
Group operating revenues in 2003 amounted to NOK 45.4 billion, an increase of 4 per cent after adjustments for currency translation effects. Operating profit before goodwill amortisation in the fourth quarter was NOK 996 million, 11 per cent higher than in the corresponding period of 2002. The Branded Consumer Goods business alone achieved 33 per cent growth. For Orkla Foods, the positive trend seen earlier in the year continued in the fourth quarter. Stabburet in Norway, Procordia Food in Sweden and Felix Abba all produced good quarterly results. Orkla Brands had another strong