Profit growth for the Orkla group
Orkla’s operating revenues increased in the third quarter by 12% to NOK 14.8 billion. Operating profit EBIT (adj.) rose 30% to NOK 2,223 million. Group profit before tax amounted to NOK 2,245 million, an improvement of 29%. Hydro Power and Jotun both had strong top-line and profit growth.Adjusted earnings per share for the third quarter were NOK 1.58, an increase of 15% from the same period in 2021. Operating profit EBIT (adj.) for Hydro Power amounted to NOK 773 million in the third quarter of 2022, compared with NOK 89 million year over year. The increase is due to substantially higher