Orkla’s Annual and Sustainability Report for 2020 has now been published.
Orkla has entered into an agreement to acquire 67.8 per cent of the shares in Eastern Condiments Private Limited (“Eastern”). With this move, Orkla will double its sales in India.
Odense Marcipan A/S, a part of Orkla Food Ingredients, has decided to purchase the cake manufacturer Frödinge from Orkla Foods Sverige. The purpose of the acquisition is to build a solid platform for future development of Frödinge, while concentrating Orkla Foods Sverige’s activities on selected strategic growth areas.
Orkla’s operating profit (EBIT adj.) increased by 8.7% to NOK 1,205 million in the second quarter of 2020. Operating revenues rose by 5.3% to NOK 11,099 million. Adjusted earnings per share increased in the quarter by 18% to NOK 1.10.
Orkla will report its second quarter 2020 results on Monday, 13 July 2020 at 7.00 a.m. CET.
Orkla Foods Norge has signed an agreement to divest the Vestlandslefsa brand. The purpose of the sale is to streamline the portfolio and concentrate production at Stranda on pizza.
Through its wholly-owned subsidiary Orkla Foods Sverige AB, Orkla has signed and completed an agreement with PepsiCo, Inc. (“PepsiCo”) to purchase the Havrefras brand, including Rug Fras and Mini Fras, which holds a strong market position in Scandinavia in healthy breakfast cereals.
Orkla’s operating profit (EBIT adj.) rose by 12% to NOK 1,143 million in the first quarter of 2020. Operating revenues increased by 13% to NOK 11,507 million.
As announced on 27 March, Orkla publishes preliminary sales for the first quarter 2020 today. The complete and final results, including full P&L, balance sheet and cash flow statements, will be announced on 5 May.
Orkla Wound Care has signed and completed an agreement to purchase 100% of the shares in Norgesplaster Holding AS (“Norgesplaster”).
As a supplier of food, cleaning and hygiene products, Orkla has an important responsibility to society during the coronavirus outbreak. We are experiencing increased demand and are stepping up production of selected categories to ensure ample inventories and good ability to supply our customers going forward.