Orkla ASA: Improvement for Orkla
Orkla’s operating profit (EBIT adj.) increased by 7% in the third quarter to a total of NOK 1,444 million. Operating revenues also rose by 7%, to NOK 10,880 million. President and CEO Ivar Semlitsch has initiated a project to strengthen Orkla’s competitiveness. The Branded Consumer Goods business achieved organic turnover growth of 1.5% and a 6.2% improvement in operating profit. “Orkla’s Branded Consumer Goods business has had a satisfactory quarter, with both top-line and bottom-line growth. All four business areas delivered organic growth in the quarter. It is positive to see that