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    KEY FIGURES

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    MESSAGE FROM THE CEO

    In 2015, Orkla strengthened its position as a branded consumer goods company through a number of strategically important acquisitions. By relocating production operations and rationalising our manufacturing structure, we have begun the process of laying a solid foundation for our long-term competitiveness. The adoption of the Orkla Compass has given us a shared value platform that will make it easier to work as one Orkla.

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    REPORT OF THE BOARD OF DIRECTORS

    In the course of 2015 the Board of Directors made further structural changes to strengthen Orkla as a leading branded consumer company with its main markets in the Nordic and Baltic regions. The Group also substantially strengthened its positions in Central Europe. Through a number of acquisitions, around NOK 3 billion has been invested in the Branded Consumer Goods business, while assets of a non-strategic nature have been sold for approximately NOK 1.4 billion. Furthermore, several processes were carried out during the year to optimise and rationalise the Group’s manufacturing footprint. As part of this work, Orkla centralised production and logistics at business area level in 2015 to strengthen competitiveness through cost improvements. A solid foundation has thereby been laid for future value creation in the Branded Consumer Goods business.

     
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    SUSTAINABILITY

    With a global population of over seven billion, the Earth’s resources are under severe pressure. The world faces major sustainability challenges that will have an impact on Orkla and the society of which we are a part.

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    ANNUAL FINANCIAL STATEMENTS 2015

     
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    BUSINESS AREAS

    Orkla’s Branded Consumer Goods business comprises the Orkla Foods, Orkla Confectionery & Snacks, Orkla Care and Orkla Food Ingredients business areas. Orkla also has operations organised under the Orkla Investments business area, consisting of the investments in Sapa (50% interest) and Jotun (42.5% interest), in addition to Hydro Power, real estate and financial assets.

     
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    KEY PERSONNEL