Orkla ASA Posts Strong Q1 Outlook, Sets Stage for Continued Growth

Orkla ASA, a dominant force in the Nordic grocery market, has made several key announcements that underscore its commitment to delivering strong results. The company’s Board of Directors and Chair have been re-elected, with Stein Erik Hagen taking the reins as Chair. This move is expected to propel Orkla forward, leveraging Hagen’s extensive experience and expertise to drive growth.

The Annual General Meeting, held digitally due to ongoing market trends, saw all proposals on the agenda approved with ease. Notably, shareholders will receive a dividend distribution of NOK 10.00 per share, with an additional NOK 6.00 to the ordinary dividend, reflecting Orkla’s confidence in its financial performance.

Analysts’ estimates suggest a modest increase in revenue for the first quarter, with a predicted profit per share of around NOK 1.54, up from NOK 1.47 in the previous year’s quarter. This uptick in performance is a testament to Orkla’s ability to adapt and thrive in a rapidly evolving market.

The company is set to release its first quarter 2025 results on May 9, with a presentation and Q&A session to follow. This highly anticipated event will provide valuable insights into Orkla’s performance and strategic direction, offering stakeholders a glimpse into the company’s future prospects.

Key Highlights:

• Re-election of Board members and Chair Stein Erik Hagen
• Approval of dividend distribution: NOK 10.00 per share + NOK 6.00 additional to ordinary dividend
• Analysts’ estimates: Q1 revenue increase, predicted profit per share of around NOK 1.54
• Release of Q1 2025 results: May 9, with presentation and Q&A session to follow