Orkla ASA: Higher in-home consumption of food and cleaning products spurred growth for Orkla
Orkla’s operating profit (EBIT adj.) rose by 12% to NOK 1,143 million in the first quarter of 2020. Operating revenues increased by 13% to NOK 11,507 million.Branded Consumer Goods including Headquarters improved operating profit by 18%. Reported turnover growth for Branded Consumer Goods was 14.7%, of which 5.4% was organic growth.“Towards the end of this year’s first quarter, Orkla and the society entered highly unusual times which seem set to continue. The authorities have imposed stringent restrictions in all our markets with a view to curbing the spread of the coronavirus. As a