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Orkla Sees Boost From Consumer Goods Business In Third Quarter

Published on Oct 29 2020 8:39 AM in A-Brands tagged: Trending Posts / Norway / Consumer Goods / Orkla / Paywall / World News / Grocery Brands

Orkla Sees Boost From Consumer Goods Business In Third Quarter

Norwegian food conglomerate Orkla has posted a 15.2% increase in operating profits in its branded consumer goods business in the third quarter of its financial year, lifting the group's overall profit performance by 8.8%.

Turnover in the branded consumer goods arm was up 10.6%, the group said, with the business citing increased at-home consumption as a key driver of its performance.

Operating profits were up 16% in its Orkla Care division, while Orkla Confectionery & Snacks saw profits up 13%, Orkla Foods was up 11% and Orkla Food Ingredients rose by 4%.

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