Orkla’s new vision is “Your friend in everyday life”, a vision that is underpinned by the values “brave”, “trustworthy” and “inspiring”.
Orkla’s vision is “Your friend in everyday life”, a vision that is underpinned by the values “brave”, “trustworthy” and “inspiring”. Orkla’s mission is “Improving everyday life with sustainable and enjoyable local brands”.
Long-term value creation is Orkla’s top priority.
Working more closely across the Group, as “One Orkla”, strategies and capabilities are implemented to strengthen the Group’s long-term competitiveness, increase growth and profitability and maintain Orkla’s strong local presence.
Orkla’s strategic objective is to strengthen its position as the leading branded consumer goods and service company in the Nordics, Baltics and other selected markets.
Activities that drive organic growth and improve profitability are prioritised in line with the Group’s strategy and financial targets.
Through acquisitions, Orkla will expand its activities in its home markets and selected geographical areas, channels or niches where it can achieve leading positions based on the Group’s core competencies.
Steps will be taken to simplify the Group’s organisational structure.
Orkla has completed its transformation from an industrial conglomerate into a leading branded consumer goods and service company. Its first priority is to transfer excess capital to make acquisitions in Branded Consumer Goods and Services, and investments in existing operations.
The Board of Directors has proposed a dividend policy entailing maintenance of a stable dividend of at least NOK 2.50 per share.
The Group’s goal is to remain an investment grade company. This means aiming to ensure a net interest-bearing liabilities / EBITDA ratio over time of less than 2.5–3.0.
Orkla continues to face strong competition from imported international brands and the retail trade’s private labels.
Disclosure of Orkla’s financial risks within the business areas, and the management of these risks.