Orkla ASA : Volume-driven growth at Orkla
Orkla's operating profit (EBIT adj.) rose 10%, totalling NOK 725 million in the first quarter of 2015. The Branded Consumer Goods business achieved EBIT (adj.) of NOK 769 million, an improvement of 11% from the first quarter of 2014. Orkla's first-quarter operating revenues increased to NOK 7,541 million, up from NOK 7,013 million in the first quarter of 2014. Branded Consumer Goods achieved 4.3% organic growth. There was sales growth in all the business areas, even when adjusted for positive Easter effects. The increase in sales in the quarter was largely volume-driven. There were