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Orkla ASA ( (GB:0FIN) ) has provided an announcement.
Orkla ASA reported a solid financial performance in the third quarter, with operating revenues of NOK 17.9 billion and an organic growth of 4.4%. The company saw an increase in EBIT (adj.) by 2.1% and a profit before tax of NOK 2.0 billion. The successful listing of Orkla India on the Indian Stock Exchange marks a significant milestone, enhancing visibility and strategic options for growth. Orkla retains a 75% ownership stake, and the listing aligns with its strategy to unlock long-term value, providing a foundation for future growth.
The most recent analyst rating on (GB:0FIN) stock is a Buy with a NOK125.00 price target. To see the full list of analyst forecasts on Orkla ASA stock, see the GB:0FIN Stock Forecast page.
More about Orkla ASA
Orkla ASA is a leading industrial investment company focusing on brands and consumer-oriented businesses. It operates with a strategic approach to investments, combining brand expertise with an investment company mindset. Orkla is listed on the Oslo Stock Exchange and is headquartered in Oslo, Norway, with a reported turnover of approximately NOK 71 billion in 2024.
Average Trading Volume: 903,514
Current Market Cap: NOK103.1B
See more insights into 0FIN stock on TipRanks’ Stock Analysis page.