Orkla in brief
- Orkla shareholders received a return of 56.9 % including dividends
- The sale of Orkla’s interest in Carlsberg Breweries generated
proceeds of NOK 17.5 billion and a book gain of NOK 12.5 billion
- The Branded Consumer Goods business achieved broad profit
growth with a 14 % rise in operating profit before goodwill
amortisation
- The Chemicals area is extensively restructuring its non-core
business
- Good increase in value of Orkla’s investment portfolio. Net asset
value increased by NOK 3.1 billion
- Major industrial expansion initiatives at the end of the year. An
agreement has been concluded for the acquisition of the Finnish
company Chips Abp and the Russian company SladCo in 2005
- In January 2005 Orkla increased its interest in Elkem to 50.03 %
and made an offer for all remaining shares
Key figures
| Amounts in NOK million |
2004 |
2003 |
| Operating revenues |
32,056 |
45,368
|
| Operating profit before goodwill amortisation |
2,727
|
3,827
|
| Ordinary profit before taxes |
2,987
|
2,867
|
| Earnings per share, diluted (NOK) |
71.6
|
9.2
|
| Key figures |
|
Long-term value creation
In the past two decades, Orkla has grown as a result of many acquisitions and mergers. This gives Orkla a good starting point for continuing to create value over time, for the benefit of our shareholders, our employees and society at large.
Message from the CEO
Innovation and marketing
One of Orkla’s main strategies is to create top-line growth for the Group’s brands. For companies aspiring to be leaders in the market for fast moving consumer goods, achieving top-line growth year after year is a goal in itself.
Focus article
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