Orkla ASA Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 25, 2023
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Orkla ASA reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was NOK 16,783 million compared to NOK 14,752 million a year ago. Net income was NOK 1,551 million compared to NOK 1,504 million a year ago. Basic earnings per share from continuing operations was NOK 1.56 compared to NOK 1.5 a year ago. Diluted earnings per share from continuing operations was NOK 1.56 compared to NOK 1.5 a year ago.
For the nine months, sales was NOK 50,058 million compared to NOK 42,314 million a year ago. Net income was NOK 4,199 million compared to NOK 3,863 million a year ago. Basic earnings per share from continuing operations was NOK 4.21 compared to NOK 3.88 a year ago. Diluted earnings per share from continuing operations was NOK 4.21 compared to NOK 3.88 a year ago.
Orkla ASA is one of the leading Norwegian industrial groups. Net sales break down by activity as follows:
- manufacture of food and consumer products (97.9%): food products (pizzas, sauces, seafood, prepared meals, fruits, chocolates, ingredients, delicatessen products, etc.), consumer products (detergents, clothing, cosmetics, personal hygiene, etc.), household cleaning products, professional cleaning products, etc.;
- hydroelectric power generation (2.1%).
Net sales are distributed geographically as follows: Norway (22.2%), Sweden (18%), Denmark (9.9%), Finland (9.5%), Baltic States (4.1%), Iceland (1.5%), Europe (27.3%) and other (7.5%).
ORKLA ASA 
