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An update from Orkla ASA ( (GB:0FIN) ) is now available.
In a positive financial report, Orkla ASA reported a significant increase in operating profit EBIT (adj.) and revenue in the fourth quarter and full year of 2024. The company has continued to simplify its portfolio by selling its hydropower assets and the Pierre Robert Group, which focuses on basic textiles and wool garments in Scandinavia, to Jotunfjell Partners. The board proposes a total dividend of 10 kroner per share, reflecting the company’s solid financial performance and strategy to focus on organic growth and brand investment. The transaction involving Pierre Robert Group is expected to result in an accounting loss and is pending approval from Norwegian competition authorities.
More about Orkla ASA
Orkla ASA is a leading industrial investment company that focuses on brands and consumer-oriented businesses. Its diverse portfolio includes 11 companies involved in sectors such as paint, food, chocolate, confectionery, snacks, health, and food ingredients. In 2024, Orkla achieved a turnover of 70.7 billion kroner and a profit before tax of 8.1 billion kroner. The company is headquartered in Skøyen, Oslo, Norway, employs approximately 20,000 people, and is listed on the Oslo Stock Exchange.
YTD Price Performance: 5.34%
Average Trading Volume: 98,921
Technical Sentiment Consensus Rating: Sell
Current Market Cap: NOK103.9B
Learn more about 0FIN stock on TipRanks’ Stock Analysis page.
