In 2011, the Board of Directors further clarified its strategic direction of narrowing the focus of Orkla's portfolio of businesses, and will concentrate future expansion and growth in the area of branded consumer goods.
In line with this strategy, substantial capital was freed up by the sale of Elkem and the sell-off of holdings in the Share Portfolio in 2011. The Group’s financial flexibility was significantly strengthened during the year, and Orkla is well positioned to exploit future expansion opportunities, while remaining prepared to deal with a weaker economic trend.
