Orkla second quarter 2009

  1.1. – 30.6.   1.1. – 31.12.   1.4. – 30.6.
Amounts in NOK mill. 2009 2008   2008   2009 2008
Operating revenues 27.100 33.183   65.579   13.652 16.851
Adjusted EBITA1 567 2.216   4.240   334 1.187
Profit/loss before taxes (33) 3.299   (2.015)   282 2.453
Earnings per share diluted(NOK) 0,9 2,5   (2,8)   0,3 1,9
               
Cash flow from operating activities 1.485 1.106   2.642   1.271 267
Net interest-bearing liabilities 27.903 22.840   27.424      
               
Equity ratio (%) 50,0 52,6   47,7      
Net gearing2 0,59 0,43   0,55      
1 Earnings before amortisation, write-down in Sapa Profiles in 2008, restructuring and significant impairments.
2 (Net interest-bearing liabilities)/(Equity)
  • Due in part to the weak global economy, Orkla's operating profit (EBITA) for the first half-year ended at NOK 567 million (NOK 2,216 million)1. EBITA for the second quarter alone was NOK  334 million (NOK 1,187 million)1.

  • Profit before tax in the first half-year totalled NOK -33 million (NOK 3,299 million)1, while for the second quarter alone it amounted to NOK 282 million (NOK 2,453 million)1.

  • Reductions in working capital helped to improve cash flow in the second quarter. Cash flow from operations at the end of the first half-year was NOK 1,485 million (NOK 1,106 million)1.

 

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Quarterly and accounting figures

Orkla's business areas

Orkla Brands Orkla Aluminium Solutions Orkla Materials Orkla Associates Orkla Financial Investments

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