A new Board of Directors has been appointed today at Orkla Confectionery & Snacks (OCS). Orkla’s EVP & Investment Executive Audun Stensvold will serve as Board Chair. He will be joined on the Board by two external Board members, Thomas A. Bittinger and Gro Krigsvoll.
The Board of Directors of OCS will also comprise SVP Marte Kaarbø Mathisen from Orkla’s investment team, as well as two e
Vicky Philemon is appointed as the new CEO of Orkla’s portfolio company Orkla House Care.
The Board of Directors of Orkla House Care has hired Vicky Philemon as the new CEO. She succeeds Johannes Arbo Høeg who steps down from the role as CEO after 7 years.
Vicky joins from the position of SVP & Managing Director Europe for the American company Masonite, which she has held since
Orkla had a solid improvement in both profit and revenues in the first quarter. Profit before tax amounted to NOK 1.7 billion, a year-over-year increase of 12%. Operating profit EBIT (adj.) rose by 5% to NOK 1.6 billion. The group’s first-quarter operating revenues totalled NOK 16.2 billion, equivalent to 22% growth.
Orkla’s Branded Consumer Goods business increased its operating revenues
Xavier Belison and Kjersti Hobøl have been appointed as chairman and member, respectively, of the Board of Directors of Orkla Foods Europe.
On 1 March, Orkla ASA was established as an investment company with 12 autonomous portfolio companies. Some of the companies – such as Orkla Foods Europe – will have external Board members.
Xavier Belison was appointed today as Chairman of the Board of
Isabelle Ducellier has been appointed CEO of Orkla portfolio company Orkla Health.
Orkla Health's Board of Directors has appointed Isabelle Ducellier (54) as new CEO. She succeeds Hege Holter Brekke, who was appointed EVP & Investment Executive in Orkla ASA on 1 March 2023, in connection with Orkla transforming to an investment company and Orkla Health being established as one of 12 new por
Orkla's Annual Report for 2022, which also comprises Orkla’s sustainability report, is published today.
The Annual Report is available on Orkla’s website: www.orkla.com/annualreport
Orkla’s operating revenues increased in the third quarter by 12% to NOK 14.8 billion. Operating profit EBIT (adj.) rose 30% to NOK 2,223 million. Group profit before tax amounted to NOK 2,245 million, an improvement of 29%. Hydro Power and Jotun both had strong top-line and profit growth.
Adjusted earnings per share for the third quarter were NOK 1.58, an increase of 15% from the same period in
Orkla Food Ingredients (“OFI”) has entered into an agreement to purchase 84% of the shares in Denali Ingredients, which is a leading ice cream ingredients business in the USA. The purchase price on a 100% and cash and debt free basis is USD 200 million, equivalent to NOK ~2.2 billion.
Denali Ingredients has seen strong organic growth of more than 10% p.a. over the past 15 years. The company is
Orkla has entered an agreement to acquire 74% of the shares in Da Grasso, one of the leading pizza franchise chains in Poland with 193 outlets nationwide.
Consumer sales for the chain in 2021 amounted to EUR 53 million, which corresponds to approximately NOK 530 million. Da Grasso had a turnover of EUR 13.6 million in 2021 (NOK 136 million). Normalized EBITDA amounted to EUR 2.5 million in 202
The analysis and advisory firm Position Green has ranked the sustainability reporting of the 100 largest companies listed on the Oslo Stock Exchange, and has given Orkla an A grade.
In the past few years, demands and expectations regarding Environmental, Social and Corporate Governance (ESG) reporting have evolved rapidly. At the same time, the information provided by companies, and the way it
Maria Syse-Nybraaten has been appointed as EVP and CEO of the Orkla Consumer & Financial Investments business area. She is taking over the position after Thomas Ljungqvist who has served in an acting capacity since 16 February.
Ms Syse-Nybraaten comes from the position of Investment Professional at Ferd Capital where she has held several key positions since 2013, including responsibility f
As one of the first companies worldwide, Orkla’s target to reach zero greenhouse gas emission across the value chain by 2045 is approved by the Science Based Targets initiative (SBTi).
The SBTi’s Corporate Net-Zero Standard is the world’s first framework for corporate net-zero target setting in line with climate science. It includes the guidance, criteria, and recommendations companies need
Orkla ASA is a leading industrial investment company. Its scope of activity is brands and consumer-oriented companies. At present, Orkla has 11 portfolio companies.
Orkla has a long-term, industrial approach to its portfolio companies. We invest in companies where we can contribute to further value creation through our industry expertise, consumer insight and experience in building leading brands.
Orkla ASA is listed on the Oslo Stock Exchange.
