Orkla in 2007

In 2007 Orkla took several structural initiatives to reinforce the Group’s industrial platform and thereby the foundation for further growth and value creation. In terms of profit, 2007 was a good year and earnings per share amounted to NOK 8.2. Including the dividend, the return on the Orkla share was 52.4 % in 2007.

Highlights 2007

Increased exposure in the solar energy market through the increase in the Group’s stake in REC to 39.73 %, and construction of Elkem Solar’s first factory for the production of solar grade silicon in Kristiansand.
Orkla Aluminium Solutions’ industrial platform strengthened through the merger of Sapa’s and Alcoa’s aluminium extrusion operations. The new company will be the global leader in its product segments.
The Group’s EBITA* ended at NOK 5,112 million. Orkla Aluminium Solutions made good progress, while Orkla Foods Nordic and Orkla Brands International reported a slight decline due to higher raw material prices and particularly challenging markets for certain companies.

The contribution from associates to Group profit increased from NOK 289 million to NOK 848 million. Both REC and Jotun reported strong sales growth and significantly improved performance.
A good year for the Share Portfolio with a 16.2 % return and extensive realisation of portfolio gains.
Pre-tax profit rose 18 % to NOK 10,059 million.

Dag J. Opedal

Orkla’s primary goal, “Developing people – creating value”, was chosen with great care. We are committed to building strong, competent organisations that will deliver value creation.

Read the whole message from the CEO

Focus article: Orkla Aluminium Solutions

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