Orkla ASA

Orkla ASA CEO Nils Selte joined the Norwegian financial news program "B?rsmorgen" to discuss the background for Orkla's transformation to an industrial investment company.? ? We are doing what we said we would do at the 2023 Capital Markets Day: ??We are driving organic value in the existing portfolio ??We are reducing complexity ??We are intensifying our evaluation of future growth opportunities Please find the link to the interview below (Norwegian only). https://lnkd.in/d3xF96F4

We are pleased to share that Orkla Foods Europe is now Orkla Foods!

Jotun, of which Orkla owns 42,7%, has issued a press release presenting the highlights for the 2024 results. "Overall, 2024 was a very solid year for Jotun. The company's outlook for 2025 is promising, and we expect the company to deliver results on par with 2024", says Orkla ASA President and CEO, Nils K. Selte. Jotun's Board of Directors proposes a total dividend of NOK 2.2 billion for the 2024 financial year, of which Orkla's share is NOK 948 million. This is the same amount as the dividend received for the 2023 financial year. Find press releases here: https://lnkd.in/d7uQnJbG

Orkla’s portfolio companies report profit improvement Orkla’s consolidated portfolio companies (incl. Orkla ASA) increased EBIT (adj.) for the fourth quarter by 11% to NOK 1.6 billion. Orkla’s board of directors intends to propose a total dividend for the accounting year 2024 of NOK 10 per share. Orkla also announces the sale of 100% of the shares in Pierre Robert Group. https://lnkd.in/eBuHqEBA

Orkla Food Ingredients AS acquires Eurohansa Toruń On 18 November 2024, Orkla announced that a subsidiary of Orkla Food Ingredients entered?into an agreement to acquire Eurohansa Toruń, a Polish producer of fruit fillings and preparations. The transaction has now been completed. Eurohansa Toruń will be consolidated into the financial statements of Orkla Food Ingredients as of 1 February 2025. Read more here: https://lnkd.in/dymQV_qv

Orkla sells its hydro power portfolio Orkla?has entered into agreements to sell its entire hydro power portfolio in two separate transactions.?The transactions value the portfolio at NOK 6.1 billion on?a cash and debt-free basis.? “Orkla is an industrial investment company with a brands and consumer-oriented scope. By selling the hydro power portfolio, we reduce complexity and deliver on our communicated strategy,” says Orkla’s President and CEO Nils K. Selte. Hafslund (90%) and Svartisen Holding AS (10%) acquire Sarpsfoss Limited. The underlying assets consist of run-of-the-river hydro power production in Sarpefossen and Mossefossen, with a combined average annual production of 536 GWh. ? Energi acquires Orkla Energi AS and Tr?landsfos Holding AS. The Saudefaldene assets are leased until the end of 2030, when Statkraft assumes ownership in exchange for a regulated compensation. The assets have an average annual production of 1,860 GWh, of which 1,072 GWh are subject to fixed delivery commitments. The Tr?landsfos assets have an average annual production of 61 GWh. https://lnkd.in/db-fiVUd #orkla #industry #hydropower

We are delighted to announce Orkla Confectionery & Snacks’ new and simplified name – Orkla Snacks!?

Kickstart Your Career with Orkla – Apply for an Internship Today ? Orkla offers an 8-week internship for master’s students to gain valuable?hands-on experience at one of the Nordics' most exciting workplaces. In Orkla ASA, we offer internships in our investment team, while other Orkla companies provide opportunities in fields like Supply Chain, Communication, HR, Finance & Economy, Sales & Category, IT, Marketing, Sustainability, and Product Development. We provide professional career growth, network opportunities and an inspiring work environment. The internships are based in Norway, from week 33-40 through BI Norwegian Business School. BI-students can find the listings in BI’s career portal: https://lnkd.in/dHzbd3Sd. Students from other institutions can contact Heidi Lindemark Askevold for the application link. We welcome you to join Orkla and start your career with us! Application deadline: January 19, 2025. #internship #intern #master #orkla #BI #career

We wish you a Merry Christmas and a Happy New Year, from all of us at Orkla???

Thomas Bittinger new Chair of the Board at Orkla Confectionery & Snacks After serving as a board member at Orkla Confectionery & Snacks since 2023, Thomas Bittinger now takes on the role as Board Chair. Former Board Chair Audun Stensvold remains a board member and will continue to work closely with the board and management team.? "We are very pleased with Thomas's contributions so far and delighted that he will take on an even more active role going forward. With his experience and knowledge, I am confident that OCS will continue its positive momentum and achieve its ambitious plans”, comments Audun Stensvold, current chair and Orkla’s EVP & Investment Executive.? Reflecting on his journey, Thomas Bittinger says: “Over the last year and a half, I had the chance to get to know OCS—the great?business and the fantastic people driving it. Both give me tremendous confidence in its current strength and the ability to harness its future potential.”?? Thomas A. Bittinger, who is an Austrian citizen, has top leadership experience from Procter & Gamble, Reckitt Benckiser, Mars and Continental Foods across Europe.?He served on the board of More Than Meals, a portfolio company of DBAG, and acted as an advisor to the business from 2020, and as Chairman from 2022.? #orkla Photo, from left: Thomas Bittinger, Audun Stensvold.