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Orkla in 2008

At the beginning of 2009 the economic operating parameters are extremely weak. The international financial crisis is exacerbating a global slowdown in the real economy. This is reflected in a significant decline in demand in most sectors. Few companies are immune to this situation. Read more

EBITA for 2008 was slightly weaker than in 2007. The reasons are largely associated with the financial crisis, which has gradually spread to the real economy, leading to a sharp decline in demand in several of the markets which to Orkla Aluminium Solutions and Orkla Materials are particularly exposed. Orkla Brands is relatively less affected by the economic cycle and reported EBITA¹ of NOK 2.6 billion, an improvement of 17 %.

Profit before tax for the full year came to NOK -2.0 billion, compared with almost NOK 10 billion in 2007. This can primarily be explained by the significant write-downs taken for accounting purposes on the Share Portfolio in 2008 due to the decline on the stock markets, while large gains were realised in 2007. Write-downs of goodwill and material assets and restructuring charges were also higher than in 2007.

Operating rev.	NOK 65,579 mill.
EBITA¹	NOK 4,240 mill.
EBITA-margin	6.5
Equity ratio%	47.7
Key figures

EHS Report

Orkla has wide-ranging responsibility for ensuring that its businesses are properly operated, as affirmed in the Group's environmental policy: Orkla is committed to sound, long-term, sustainable operations that reflect the Group's awareness of its responsibility towards its employees, society at large and the environment.

Sustainability Report

Orkla's work on corporate responsibility must be in accordance with our business strategy and concerns how we run our business in relation to our goals and our interfaces with various stakeholders. This is an area where finance, environmental considerations and corporate responsibility intersect.

Orkla's business areas