Orkla Snacks announces the sale of Nói-Síríus

26 Mar 2026 11:00 CET

Orkla Snacks has entered into an agreement to sell 100% of the shares in
Nói-Síríus HF ("Nói-Síríus"), the leading manufacturer of chocolate and
confectionery in Iceland to Alfa Framtak.

Orkla acquired 20% of the shares in Nói-Síríus in 2019, and the remaining 80%
in 2021. In 2025, the company had a turnover of NOK 427m and an EBIT of NOK
48m.

At the 2023 Capital Markets Day, Orkla Snacks presented the company's strategy
to unlock growth potential in hero brands through much sharper portfolio
prioritization. Although Nói-Síríus has performed well, its strategic fit with
the broader Orkla Snacks portfolio is limited and adds structural complexity.

"I want to thank the entire Nói-Síríus team for a successful collaboration
over several years. I am confident that Alfa Framtak will continue to support
the company's positive trajectory, and I wish everyone at Nói-Síríus the very
best for the future," says Orkla Snacks CEO Ingvill Tarberg Berg.

The sale is expected to be closed during the second quarter of 2026 pending
approvals from the Icelandic competition authorities. The parties have agreed
to keep the purchase price confidential.

About Nói-Síríus
Nói-Síríus is Iceland's leading chocolate and confectionery producer, known
for its premium chocolates, liquorice, and traditional Icelandic sweets.
Founded in 1920, the company has become an essential part of Icelandic
culture, celebrated for its craftsmanship, high-quality ingredients, and
iconic products. The company has about 116 employees.

About Alfa Framtak
Alfa Framtak is a specialised fund manager with extensive expertise in
investments, supporting growth, and leading transformations. Its mission is to
maximise the value of its investments and to return companies in an improved
state at exit, thereby leaving a positive and lasting impact on Icelandic
business.

About Orkla Snacks
Orkla Snacks is a market leader within the confectionery, biscuits, and salty
snacks categories across the Nordics and Baltics. Its portfolio consists of
strong, local heritage brands that have been part of consumers' everyday life
for generations. The company is one of Orkla ASA's largest portfolio
companies. In 2025, Orkla Snacks had a turnover of approximately NOK 10.5
billion.

About Orkla
Orkla ASA is a leading industrial investment company within brands and
consumer-oriented 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, 26 March 2026

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

More information:
Access the news on Oslo Bors NewsWeb site