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Orkla reported first quarter results on 3 May 2012

Acting President & CEO Åge Korsvold

Orkla reported first quarter 2012 results on Thursday, 3 May 2012 at 7.00 a.m. CET. The quarterly report and the presentation materials are be available at www.orkla.com.

A presentation of the first quarter results was held at Vika Atrium Conference Center, Munkedamsveien 45, in Oslo. The presentation was held in English and may be seen via  webcast.

Preliminary results – First Quarter 2012

We refer to the stock exchange notification concerning the change of President and CEO at Orkla published 30 April. In consequence, Orkla has choose to publish preliminary results for the first quarter of 2012 on 30 April.

Preliminary results for the first quarter of 2012:
Key figures Q1-12 (Q1-11) in NOK million:
Operating revenues: 14,792 (15,000)
EBITA: 888 (786)
Profit before tax: 1,550 (1,960)
Diluted earnings per share: (NOK) 1.3 (2.9)
Cash flow from operations: 16 (-437)

Net interest-bearing liabilities: 9,487 (20,664)
Equity ratio (%): 52.6 (55.6)
Net gearing: 0.27 (0.42)

The quarterly report on preliminary results for the first quarter of 2012 is attached herewith:  Preliminary 1st Quarter 2012