Q1 2026 Orkla ASA Earnings Call Transcript
Key Points
- Orkla ASA (ORKLF) reported organic growth of 4.9% in the first quarter, with contributions from all portfolio companies.
- Underlying EBIT adjusted growth was 3%, supported by volume mix growth.
- Earnings per share adjusted increased by 4% to NOK1.75.
- Operational performance in Jotun remained strong with underlying EBIT growth of 16% for the quarter.
- Orkla Snacks and Orkla Food Ingredients contributed positively to the quarter's results.
- The passing of Orkla's Chairman, Stein Erik Hagen, marked a significant loss for the company.
- Orkla Health experienced negative development, weighing on consolidated results.
- Profit from Jotun decreased by 5.8% due to lower currency hedging gains and currency losses on intercompany loans.
- Orkla Health is facing a challenging year with factory closures and a high cost base impacting profitability.
- The Middle East conflict presents uncertainty, with potential indirect effects on energy, freight, and packaging-related input costs.
Good morning, and welcome to the presentation of Orkla's first quarter results. My name is Annie Bersagel, and I'm the Head of Investor Relations and Communications. So we're going to begin with a presentation from our President and CEO, Nils K. Selte, where he will give a summary of the latest developments for the quarter. After that, EVP and CFO, Arve Regland, will present some more detail on the financials as well as on the individual portfolio companies.
After that, Nils will conclude with a few closing remarks before we move over to our Q&A. So just to remind you the procedures for Q&A, we have a web Q&A form that you can send questions through at any time. But first, we're going to do a Q&A, a video Q&A with our analyst community. And after that, we'll move over to questions from the web.
So with that, I'd like to turn it over to you, Nils.
Thank you,
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