Orkla - Third quarter 2002

Key figures Q3-02 (NOKm, Q3-01 in parentheses):

Revenues 10,545 (11,283)
EBITA excl. other revenues and expenses 1,071 (1,044)
Portfolio gains -26 (-335)
Profit before tax 779 (370)

Enclosed to www.orkla.com please find quarterly report, spreadsheets and presentation.

Highlights
 
  • Satisfactory operational performance in challenging environments
  • Strong performance for Brands
  • Improvements for Beverages partly offset by currency effects and weak performance in some markets
  • Media weak as expected, but improvement from last year
  • The return on the investment portfolio was -14.2 % year to date compared with OSE -33.8 %