Operating profit for Orkla

Third-quarter operating profit for Orkla’s branded consumer goods business totalled €106m, up from €102m in the same period of 2013. Four out of five business areas achieved growth in operating profit. Orkla Confectionery & Snacks and Orkla Food Ingredients delivered particularly strong improvement.

In the third quarter, 96 per cent of turnover derived from the branded consumer goods business. Organic growth in the quarter was 0.4 per cent, and operating revenues totalled €6,132m. Orkla Confectionery & Snacks, Orkla Food Ingredients and Orkla Home & Personal contributed to the positive sales performance, while Orkla Foods and Orkla International saw a decline.

“For the second quarter in a row, our branded consumer goods operations have achieved turnover growth, despite tough competition in our home markets. In the time to come, however, we will have to focus even more forcefully on innovation and brand building. At the same time, we must facilitate closer, broader collaboration with the Nordic grocery chains,” says Orkla president and CEO Peter A Ruzicka.