Continued profit growth for Orkla

09 May 2025 07:00 CEST

Orkla increased EBIT (adj.) for the first quarter by 10% to NOK 1.8 billion.

Orkla's operating revenues rose by 2.3% to NOK 17.2 billion, despite slight
volume/mix decline. Orkla achieved a profit before tax of NOK 2.2 billion in
the quarter, up 28%, year over year.

Orkla's consolidated portfolio companies (incl. Orkla ASA) increased
underlying EBIT (adj.) for the first quarter by 7.6% to NOK 1.7 billion.

Profit from associated companies totalled NOK 651 million, mostly attributable
to Orkla's 42.7% ownership share in Jotun. This represented a year-over-year
increase of 57% mainly due to currency losses in Jotun last year following
devaluation of the Egyptian pound, as well as lower net financial expenses in
2025.

Orkla's earnings per share (adj.), diluted, for the quarter was NOK 1.68, up
19% compared to the same period last year.

At the beginning of 2025, Orkla entered into agreements to sell its hydropower
portfolio and Pierre Robert Group. The sale of Pierre Robert Group was closed
in the first quarter and the sale of the hydropower portfolio was closed in
the beginning of the second quarter.

"I am pleased to see that our portfolio companies continue to deliver growth
in both operating profit and margins. The sale of our hydropower assets and
Pierre Robert Group mark important steps in simplifying our portfolio. We are
executing our strategy and are well on track to deliver on our communicated
targets," says Orkla President and CEO Nils K. Selte.

About Orkla
Orkla ASA is a leading industrial investment company within brands and
consumer-oriented businesses. At present, Orkla has 10 portfolio companies.
Orkla 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. The
Group had a turnover of NOK 70,7 billion in 2024 and has approximately 19,000
employees.

Orkla ASA
Oslo, 9 May 2025

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://investors.orkla.com/

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 9 May 2025 at 07:00 CEST.

More information:
Access the news on Oslo Bors NewsWeb site

645866_Q1 2025 External Report FINAL.pdf
645866_Q1 2025 External Presentation FINAL.pdf