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    KEY FIGURES

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    MESSAGE FROM THE CEO

    Orkla has made several structural changes and adjustments in the course of the year to strengthen its position as a leading branded consumer goods company with a local presence. We still have a way to go to see the effect of these measures in the form of satisfactory results. Our efforts to achieve improved organic growth and profitability therefore continue with undiminished vigour.

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    REPORT OF THE BOARD OF DIRECTORS

    In the course of 2014, the Board of Directors continued the process of transforming Orkla into a focused branded consumer goods company with a clearly defined emphasis on operations. Through acquisitions and sales of companies, further capital has been allocated to the branded consumer goods business. In parallel, the group and management structure has been adjusted, and comprehensive restructuring and cost reduction measures have been implemented to strengthen the Group’s core business. These actions have together laid the foundation for future value creation within the Branded Consumer Goods area.

     
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    ANNUAL FINANCIAL STATEMENTS 2014

     
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    BUSINESS AREAS

    The Branded Consumer Goods business comprises four business areas: Orkla Foods, Orkla Confectionery & Snacks, Orkla Home & Personal and Orkla Food Ingredients. Orkla also has operations organised under the Orkla Investments business area, which consists of Hydro Power, real estate and financial assets, in addition to the Group’s investments in Sapa (JV) (50% interest), Jotun (42.5% interest) and Gränges (31% interest).

     
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