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Orkla Posts 4.8% Growth In Operating Revenues In First Quarter

Published on May 8 2019 12:20 PM in A-Brands tagged: Norway / Orkla / Paywall / quarterly results

Orkla Posts 4.8% Growth In Operating Revenues In First Quarter

Norwegian food company Orkla has posted 4.8% year-on-year growth in operating revenues, to NOK 10,176 million (€1,035.8 million) in the first quarter of its financial year.

Growth was driven by good performance in its branded consumer goods business and Hydro Power.

Operating profit was up 10% in the branded consumer goods business, Orkla reported. Adjusted earnings per share rose by 21%, to NOK 0.85 (€0.087).

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