Q3 2025 Orkla ASA Earnings Call Transcript
Key Points
- Orkla ASA (ORKLF) achieved 4.4% organic growth across its portfolio companies in Q3, with a positive volume mix contribution of 1.3%.
- The IPO of Orkla India was a significant milestone, providing the company with its own currency and flexibility to support future growth.
- A NOK4 billion share buyback program was initiated, reflecting a commitment to return excess capital to shareholders.
- Jotun delivered strong results with double-digit underlying EBIT growth in local currencies, maintaining high margin levels.
- Orkla's consolidated portfolio companies saw a 0.3% improvement in EBIT adjusted margin year over year, with seven out of nine companies showing margin improvement.
- Orkla Food Ingredients experienced lower EBIT growth compared to past quarters, particularly in the Bakery segment and lower-margin plant-based categories.
- Orkla Snacks faced an 8.4% decline in underlying EBIT year over year due to higher cocoa prices.
- Orkla Health experienced an underlying EBIT decline driven by contribution margin pressure and increased SG&A costs.
- The company faced a NOK401 million expense in Q3, including a NOK240 million write-down of trademarks in Orkla Health.
- Orkla Foods faced temporary negative volume mix impact due to ERP modernization issues in the Czech Republic, affecting sales.
Good morning, and welcome to the presentation of Orkla's third quarter results. My name is Annie Bersagel and I'm the Head of Investor Relations and Communications. Our President and CEO, Nils Selte, will begin with a summary of the highlights from the quarter. After that, our CFO, Arve Regland, will go into a deeper dive in the financials. Nils will come back with some concluding remarks before we go over to the Q&A.
So just a reminder, we have a video Q&A with analysts first. And after that, we will take all of the questions that come through via the web. So you're welcome to submit your questions via the web at any time.
So with that, I think I will now leave the floor to you, Nils.
Thank you, Annie, and good morning, everyone. This quarter, we continued to execute on our active ownership model and capital allocation strategy. The focus is on improving our core
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