Orkla’s operating revenues rose by 2.3% to NOK 17.2 billion, despite slight volume/mix decline. Orkla achieved a profit before tax of NOK 2.2 billion in the quarter, up 28%, year over year.

Orkla’s consolidated portfolio companies (incl. Orkla ASA) increased underlying EBIT (adj.) for the first quarter by 7.6% to NOK 1.7 billion. 

Profit from associated companies totalled NOK 651 million, mostly attributable to Orkla’s 42.7% ownership share in Jotun. This represented a year-over-year increase of 57% mainly due to currency losses in Jotun last year following devaluation of the Egyptian pound, as well as lower net financial expenses in 2025.

Orkla's earnings per share (adj.), diluted, for the quarter was NOK 1.68, up 19% compared to the same period last year.

At the beginning of 2025, Orkla entered into agreements to sell its hydropower portfolio and Pierre Robert Group. The sale of Pierre Robert Group was closed in the first quarter and the sale of the hydropower portfolio was closed in the beginning of the second quarter.

"I am pleased to see that our portfolio companies continue to deliver growth in both operating profit and margins. The sale of our hydropower assets and Pierre Robert Group mark important steps in simplifying our portfolio. We are executing our strategy and are well on track to deliver on our communicated targets," says Orkla President and CEO Nils K. Selte.

About Orkla
Orkla ASA is a leading industrial investment company within brands and consumer-oriented businesses. At present, Orkla has 10 portfolio companies. Orkla takes a long-term and strategic approach to its investments, creating value by combining brand expertise with an investment company mindset. Orkla is listed on the Oslo Stock Exchange and is headquartered in Oslo, Norway. The Group had a turnover of NOK 70,7 billion in 2024 and has approximately 19,000 employees.
 
Orkla ASA
Oslo, 9 May 2025
 
Ref.:
SVP Investor Relations & Communication
Annie Bersagel
Mobile: +47 986 03 664
Email: annie.bersagel@orkla.no
 
VP Financial Communication
Joachim Gresslien
Mobile: +47 907 25 018
Email: joachim.gresslien@orkla.no
 
An Excel spreadsheet with key figures may be found at https://investors.orkla.com/

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

This stock exchange announcement was published by Ole Andreas Steensland Dahl, Investor Relations Manager at Orkla ASA, on 9 May 2025 at 07:00 CEST.