Orkla ASA (GB:0FIN) has released an update.
Orkla ASA reported a strong third quarter in 2024, with adjusted EBIT rising by 13% to NOK 2.1 billion, driven by broad-based growth in its portfolio companies. The company saw a 4.3% increase in operating revenues and a 10% improvement in adjusted earnings per share, underpinned by effective brand investments and margin improvements, though it faced some write-downs in its confectionery and food ingredients sectors. Despite challenges in its Hydro Power segment due to lower power prices, Orkla’s strategic focus on brands and consumer goods continues to support its financial performance.
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