Nordic food group Orkla booked an increase in full-year sales and earnings despite currency fluctuations and “competitive markets”. 

During 2015, Orkla’s operating revenues increased by 12%, to NOK33.2bn (US$3.88bn). Operating profit rose by 12% in the year to end-December to NOK3.6bn, the company revealed today (11 February). Earnings per share jumped to NOK3.24, up from NOK1.63 in the prior year period. 

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

President and CEO Peter Ruzicka stressed  the company was able to achieve organic turnover growth in “highly competitive markets”. 

He added: “In addition, we made several important acquisitions in 2015 that will strengthen our operations going forward.” 

In December, Orkla concluded an agreement to purchase the Hamé food company, which has a number of strong brands in the Czech Republic, Slovakia and Romania. The acquisition of Hamé will double Orkla’s turnover in central Europe, the company revealed. Earlier in the year, the group also struck a deal to acquire personal care business Cederroth. 

2015 performance by division 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Branded consumer goods 
Operating revenues increased to NOK32bn from NOK28.6bn
EBIT increased to NOK3.8bn from NOK3.3bn
Consisting of:
 
Orkla Foods: 

  • Operating revenue – NOK132bn versus NOK12.2bn
  • Operating profit – NOK1.7bn versus NOK1.5bn

Orkla Confectionery & Snacks: 

  • Operating revenue– NOK5.8bn versus NOK5bn
  • Operating profit – NOK843m versus NOK693m

Orkla Care:

  • Operating revenue – NOK5.5bn versus NOK4.9bn
  • Operating profit – NOK881m versus NOK852m

Orkla Food Ingredients:

  • Operating revenue – NOK7.6bn versus NOK6.5bn
  • Operating profit – NOK414m versus NOK435m 

Orkla Investments: 

  • Operating revenue – NOK1.2bn versus NOK974m
  • Operating profit – NOK211m versus NOK180m