Orkla reports organic growth in the first quarter

Summary by AI ^BETAClose X

In the first quarter, Orkla reported operating revenues of 17.4 billion, a 1.3% increase, with consolidated portfolio companies achieving 4.9% organic growth driven by 3.2% from volume/mix. Underlying EBIT (adj.) for these companies grew 3.0%, though the group's EBIT (adj.) declined 1.3% to 1.7 billion. Jotun's profit decreased 5.8% to 617 million, despite 9.4% sales growth and 16% operating profit growth excluding currency effects. Earnings per share (adj.) rose 4.2% to NOK 1.75. Management noted progress in most portfolio companies, particularly Orkla Snacks and Jotun, but highlighted geopolitical uncertainty and rising input costs as future challenges.

Disclaimer*

In the first quarter, Orkla increased its operating revenues by 1.3% to 17.4 billion. The consolidated portfolio companies delivered 4.9% organic growth in the quarter, including 3.2% from volume/mix.

Orkla’s consolidated portfolio companies (including Orkla ASA and Business Service companies) achieved underlying EBIT (adj.) growth of 3.0% year-over-year. EBIT (adj.) for the Orkla group amounted to 1.7 billion in the first quarter, a decline of 1.3% compared to the same period last year.

Profit from Jotun decreased by 5.8% year-over-year, to 617 million. Sales growth was 9.4% and operating profit growth of 16% when adjusted for negative currency translation effects.

Earnings per share (adj.) for the quarter was NOK 1.75, up 4.2% compared to the same period last year.

“Our results show continued progress across the portfolio, with volume and earnings growth in most portfolio companies, led by Orkla Snacks and Jotun. At the same time, the geopolitical situation introduces increased uncertainty going forward, especially related to input factor costs. The portfolio companies are implementing mitigating actions, while continuing to prioritise long-term value creation,” says Orkla President and CEO Nils K. Selte.

About Orkla
Orkla ASA is a leading industrial investment company within brands and consumeroriented businesses, with 10 portfolio companies. The company takes a long-term and strategic approach to its investments, creating value by combining brand expertise with an investment company mindset.

Orkla is listed on the Oslo Stock Exchange and is headquartered in Oslo, Norway. Orkla had a turnover of 71.5 billion in 2025.

Orkla ASA
Oslo, 20 May 2026

Ref.:
SVP Investor Relations & Communication
Annie Bersagel
Mobile: +47 986 03 664
Email: annie.bersagel@orkla.no

VP Financial Communication
Joachim Gresslien
Mobile: +47 907 25 018
Email: joachim.gresslien@orkla.no

An Excel spreadsheet with key figures may be found at https://www.orkla.com/investors/

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Ole Andreas Steensland Dahl, Investor Relations Manager at Orkla ASA, on 20 May 2026 at 07:00 CEST.