Orkla results positive despite difficult market

Orkla directors announce their satisfaction at the company’s 533 billion kroner Q4 2011 pre-tax result amongst challenging conditions. Higher raw materials costs were compensated for with price increases.

AV: inga sverdrup

Whilst it was 1.8 billion in the same period in 2010, they state “Orkla delivered satisfactory operating profit for 2011 taken into account that the markets for many of its businesses were challenging.”

Orkla Brands, behind trade names such as Stabburet, Sætre, and Lilleborg, returned a lower result.

The decrease is partly due to weak sales of some biscuit and confectionary products towards the end of last year. There was also a loss of export deliveries of Lilleborg.

President and CEO Bjørn M. Wiggen declares, “Despite demanding markets, it is gratifying to see that Orkla Brands is maintaining its strong market positions in the Nordic region, despite having raised prices to compensate for higher raw material costs. We are also pleased that the measures implemented in Russia are now producing results.”

Orkla had an operating profit of 2.9 billion for 2011 as a whole, compared with 4.2 billion the year before.

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Orkla results positive despite difficult market

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