ORKLA THIRD QUARTER 2004
ORKLA FOODS
- Broad-based profit growth
- Improvement programmes proceeding as planned
- Revenue growth and strong profit growth for Stabburet
- Increased competition from private labels in Sweden
ORKLA BRANDS
- Satisfactory profit level
- Profit growth for the smaller businesses
- Decline in export sales for Lilleborg Home and Personal Care
- Increased competition from private labels for the Biscuits business
ORKLA MEDIA
- Growth on advertising markets
- Continued profit growth for the newspaper businesses in Norway and Denmark
- Declining circulation in Denmark and Poland
CHEMICALS
- Restructuring and write-downs at Denofa and fine chemicals businesses outside Norway
- Profit growth for Speciality Cellulose