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The latest announcement is out from Orkla ASA ( (GB:0FIN) ).
Scope Ratings GmbH has affirmed Orkla ASA’s issuer rating at A-/Stable, reflecting the company’s strong financial metrics and stable leverage below 2.0x. Orkla’s solid market positioning in the Nordic consumer goods sector and its diversification into chemicals and hydropower support its credit profile, although limited geographical diversification presents a challenge. The stable outlook anticipates improved profitability due to easing inflationary pressures, with the expectation that Orkla will maintain its leverage well below the maximum defined threshold.
More about Orkla ASA
Orkla ASA is a Norwegian industrial investment company that focuses on branded consumer goods across various sectors including grocery, pharmacy, and bakery. Its operations are primarily centered in the Nordics, Baltics, and select countries in Central Europe and India. The company has a diverse portfolio with over 300 brands and interests in hydropower and real estate, employing over 20,000 people globally.
YTD Price Performance: -0.11%
Average Trading Volume: 59,773
Technical Sentiment Consensus Rating: Sell
Current Market Cap: NOK98.56B
See more data about 0FIN stock on TipRanks’ Stock Analysis page.
