Orkla reports strong profit improvement
Orkla achieved EBIT (adj.) of NOK 2.1 billion in the third quarter of 2024, up 13% on the same period last year.Group operating revenues rose by 4.3% in the third quarter of 2024, year-over-year, and volume growth was positive for the third successive quarter. Orkla’s consolidated portfolio companies (including HQ and Business Service) grew EBIT (adj.) by 20%, to NOK 2.0 billion, in the third quarter of the year. The increase was broad-based across the consolidated portfolio companies, driven by organic revenue growth, margin improvement and positive mix effects. Adjusted earnings per