Q2 2022 Orkla ASA Earnings Call Transcript

Jul 14, 2022 / 06:00AM GMT
Kari Lindtvedt - Orkla ASA - SVP of IR

Good morning, and welcome to the presentation of Orkla's second quarter results. My name is Kari Lindtvedt, I'm Head of Investor Relations. We start today with President and CEO, Nils Selte, who will give you the main headlines of the quarter and also share some reflections on his first 3 months in office. Then CFO, Harald Ullevoldsæter, will give you the details of the financials. And after that, Nils will summarize our main messages today before we move on to Q&A. During the presentation, you're welcome to post questions on the live chat, and we'll address them together with any questions from the audience here in Oslo at the end of the session.

With that, I'll leave the floor to you, Nils.

Nils Kloumann Selte - Orkla ASA - Group President & CEO

Thank you, Kari, and good morning, everyone. Thank you for attending, both here in Oslo and on the web. In the second quarter, we delivered group EBIT adjusted growth of 39%. The main driver behind this was strong result in Hydro Power. Overall, given the

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