Orkla ASA Company Profile and Business Operations

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Orkla ASA is a Norwegian conglomerate with a rich history dating back to 1888. The company has undergone significant transformations over the years, evolving from a small Norwegian trading company to a multinational conglomerate.

Orkla ASA's business operations are diverse, with a presence in various industries such as food, consumer goods, and industrial products. The company has a strong portfolio of brands, including well-known names like Jarlsberg cheese and Fazer chocolate.

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Financials

Orkla ASA's financials are a crucial aspect of the company's overall performance. The company's revenue for 2020 was NOK 52.2 billion.

Orkla's net sales have consistently increased over the years, with a growth rate of 3% in 2020. This steady growth is a testament to the company's strong market position and diversified product portfolio.

The company's operating profit for 2020 was NOK 6.3 billion, a significant increase from NOK 5.5 billion in 2019. This increase can be attributed to Orkla's focus on cost efficiency and productivity improvements.

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Orkla's cash flow from operating activities was NOK 4.5 billion in 2020, a notable increase from NOK 3.8 billion in 2019. This improvement in cash flow is a result of the company's efforts to optimize its working capital management.

The company's equity ratio as of 2020 was 43.1%, indicating a strong financial position. This strong equity ratio allows Orkla to invest in new opportunities and maintain its market leadership.

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Business Operations

Orkla ASA's business operations are a key driver of its success. The company operates in 23 countries across the Nordic region and internationally.

Orkla has a strong presence in the Nordic region, with a significant market share in Norway, Sweden, and Denmark. This allows the company to efficiently manage its supply chain and distribution networks.

Orkla's business operations are supported by its modern logistics and distribution systems, which enable the company to deliver high-quality products to its customers quickly and reliably.

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Sales by Geography

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Sales by geography is a crucial aspect of Orkla ASA's business operations. The company generates sales across various regions, with the Rest of Europe being its largest market.

The Rest of Europe market has seen significant growth over the years, with sales increasing from 10.68 billion in 2020 to 20.31 billion in 2024. This represents a compound annual growth rate of 10.2%.

Norway is another key market for Orkla ASA, with sales of 12.02 billion in 2020 and 15.19 billion in 2024. Sweden and Denmark also contribute significantly to the company's sales, with 10.3 billion and 4.8 billion in 2020, respectively.

The Rest of the World market has also experienced growth, with sales increasing from 1.92 billion in 2020 to 5.3 billion in 2024. The Baltics and Unallocated regions also contribute to the company's sales, with 2.21 billion and 175 million in 2020, respectively.

Here is a breakdown of the company's sales by region in 2020:

The company's sales in Finland and Iceland are not reported separately in the provided data. However, the Rest of Europe and the Baltics regions include sales from these countries.

ICT Spend & Priorities

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Understanding a company's ICT spend and priorities is crucial for making informed business decisions. IT Client Prospector provides valuable intelligence on Orkla ASA's likely spend across technology areas, enabling you to grasp the company's digital strategy.

This information can help businesses like yours identify areas where you can collaborate or compete with Orkla ASA. IT Client Prospector's data is a great resource for staying ahead of the curve in the business world.

Orkla ASA's ICT spend can be a significant factor in their overall business operations. By analyzing this data, you can gain insights into the company's priorities and make more informed decisions about your own business.

IT Client Prospector's intelligence can be a game-changer for businesses looking to stay competitive in today's fast-paced market.

Additional reading: Why Do I Spend so Much Money

Investments

Orkla ASA has a diverse portfolio of investments that go beyond its core business. One notable investment is in Gränges, a listed aluminium company on the Stockholm Stock Exchange.

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Orkla also has a significant stake in Hydro Power, which operates power plants. This investment highlights the company's interest in renewable energy sources.

Another notable investment is in Jotun, a paint manufacturer in which Orkla holds a 42.53% stake. This partnership has likely contributed to Orkla's diversified revenue streams.

Here are some of the notable investments made by Orkla ASA:

These investments demonstrate Orkla ASA's commitment to diversification and its ability to adapt to changing market conditions.

Products

Orkla ASA has a diverse portfolio of products that cater to various consumer needs.

The company's food business includes well-known brands such as Jarlsberg cheese, Kornøl beer, and Hvitfeldens Bryggeri.

Orkla's food products can be found in many countries, including Norway, Sweden, and Denmark.

Their confectionery business features brands like Freia, Røllos, and Cappuccino.

Foods

Foods from Orkla's portfolio include a wide range of products from various countries. Abba Seafood offers seafood from Sweden, while Bjellands Fiskeboller provides canned fish balls from Norway.

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Some of the desserts available include Ekstrom's desserts from Sweden and Frödinge's desserts from Sweden. You can also find fruit preserves from Den Gamle Fabrik and Nora.

Orkla's portfolio also includes a variety of snacks, such as Ādažu čipsi's potato chips from Latvia and KiMs' potato chips from Norway and Denmark.

Here's a list of some of the other foods available:

  • Big One's frozen pizzas from Norway
  • Boy's herring from Norway
  • Denja's salads and herrings from Norway
  • Ejderns' caviar
  • Felix' condiments, potatoes, and vegetables
  • Geisha's rice products from Norway
  • Gimsøy Baker'n's baking ingredients
  • Grandiosa's frozen pizzas
  • Grebbestads' anchovies
  • Hold-It's calzones
  • Hållö's shellfish
  • Jacky's yoghurts and puddings
  • JOKK's juice
  • K-salat's salads
  • Kalles Kaviar's caviar from Sweden
  • Kokkeklar's soups
  • Kung Gustaf's seafood
  • Latplanta's spices from Latvia
  • Lierne's lefse
  • Limfjord's seafood
  • Liva Energi's energy drinks and protein drinks
  • Lucullus' herring
  • Løvstek's cube steak from Norway
  • Mors hjemmebakte flatbrød's flatbrød from Norway
  • Mr. Lee's instant noodles from Norway and the Faroe Islands
  • Mrs. Cheng's Asian food
  • Nora's fruit preserves, canned vegetables, desserts, and squash from Norway
  • Nugatti's chocolate spreads from Norway and Finland
  • Nøtte's hazelnut butter from Norway
  • Pastella's pasta
  • Paulúns' natural food
  • Pizza Originale's frozen pizzas
  • Risifrutti's fridged porridges
  • SaritaS' Indian food from Norway
  • Sjokade's chocolate spreads from Norway
  • Spilva's condiments, canned vegetables, juices, and ready meals from Latvia
  • Stabburet Leverpostei's leverpostej
  • Stabburet Pai's frozen pies from Norway
  • Stabburet Picnic's canned ham
  • Sunda's honey
  • SUSLAVICIUS' condiments and fruit preserves
  • Svennes' caviar
  • Toro's soups, stews, desserts, spices, and powdered drink mixes from Norway and Iceland
  • Trondhjems' canned food from Norway
  • Truly Thai's Thai food
  • Vesta's herring
  • Vestlandslefsa's lefse from Norway
  • Vitana's bouilion powder and condiments from the Czech Republic
  • Vossafår's cold cuts
  • Önos' fruit preserves and squash

Care

When it comes to caring for your products, you want to ensure they last as long as possible. This is especially true for products made from natural materials like wood and bamboo, which can be prone to scratches and cracks. The manufacturer recommends avoiding harsh chemicals and abrasive cleaners, which can damage the finish and shorten the product's lifespan.

Some products, like the bamboo cutting board, are dishwasher safe, but it's still a good idea to hand wash them regularly to prevent water spots and maintain their natural beauty. This will also help to keep them looking their best for years to come.

The manufacturer also suggests avoiding extreme temperatures, which can cause the materials to warp or become misshapen. For example, the wooden spoon set should not be left in the dishwasher or exposed to direct sunlight for extended periods.

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Online Price Intelligence

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Online Price Intelligence is a powerful tool that allows you to monitor online prices for products from Orkla ASA with insights on price dynamics across product categories and countries.

This means you can stay on top of price changes and make informed decisions about your purchases.

Governance

Orkla ASA has a diverse Board of Directors, comprising individuals from various backgrounds and age groups. Stein Erik Hagen serves as the Chairman, a position he has held since 2005.

The Board consists of seven members, with ages ranging from 39 to 69 years old. Terje Utstrand, Roger Vangen, Liselott Kilaas, Peter Agnefjäll, Christina Thérése Fagerberg, and Rolv Erik Ryssdal join Stein Erik Hagen as Board Members.

Here is a list of the Board Members, including their ages and the year they joined the Board:

  • Stein Erik Hagen (69), Chairman since 2005
  • Terje Utstrand (61), Board Member since 2011
  • Roger Vangen (60), Board Member since 2015
  • Liselott Kilaas (66), Board Member since 2017
  • Peter Agnefjäll (53), Board Member since 2018
  • Christina Thérése Fagerberg (52), Board Member since 2021
  • Rolv Erik Ryssdal (62), Board Member since 2021
  • Caroline Marie Hagen Kjos (41), Board Member since 2023
  • Bengt Arve Rem (64), Board Member since 2023
  • Maria Syse-Nybraaten (39), Board Member (no joining year specified)

Ratings

Ratings play a crucial role in governance, helping investors and stakeholders make informed decisions about a company's performance and potential.

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The super composite rating is the result of a weighted average of rankings based on four key factors: Fundamentals (Composite), Global Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite).

Carefully reviewing the associated descriptions is essential, as it provides valuable insights into a company's strengths and weaknesses.

A composite rating is also used, which is the result of an average of rankings based on five factors: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite), and Visibility (Composite).

For this calculation to be performed, a company must be covered by at least four of these five ratings.

A company's financial health is also an important aspect of governance, and is often evaluated through a composite rating of Capital Efficiency (Composite), Quality of Financial Reporting (Composite), and Financial Health (Composite).

At least two of these three ratings must be available for the calculation to be performed.

Board of Directors Composition

The Board of Directors at Orkla ASA is composed of seven members, each with their own unique background and experience. Stein Erik Hagen serves as the Chairman, a position he has held since 2005.

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The Board members are divided into two categories: Chairman and Director/Board Member. The Chairman is responsible for leading the Board and overseeing the company's overall strategy. The Directors/Board Members provide guidance and expertise to the company.

Let's take a look at the Board members' ages. Stein Erik Hagen is the oldest at 69 years old, followed closely by Liselott Kilaas at 66 years old. The youngest member is Maria Syse-Nybraaten at 39 years old.

Here's a breakdown of the Board members' ages:

Om Arbeidsgiveren

Om arbeidsgiveren Orkla Home & Personal Care (OHPC) er Nordens ledende leverandør av vaskemidler og produkter til personlig pleie.

They have a diverse portfolio of products, including Zalo, OMO, Klar, Jif, Family Fresh, Define, Dr Greve, and Lano, many of which are over 80 years old.

Their products are primarily produced at their factories in Ski and Falun.

OHPC has around 400 employees, with their main office located in Oslo.

Here are some key facts about OHPC:

  • Sektor: Privat
  • Sted: 0277 Oslo
  • Bransje: Annet
  • Stillingsfunksjon: Produktledelse

Premium Data

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Orkla ASA's premium data is a valuable asset for its business operations. It's sourced from various industries, including food, household, and personal care.

The company's premium data is used to optimize its supply chain, improve product offerings, and enhance customer experiences. This data-driven approach has contributed to Orkla ASA's success and growth.

Orkla ASA's premium data is also used to predict consumer behavior and trends, allowing the company to stay ahead of the competition. This proactive approach has helped Orkla ASA maintain its market position.

By leveraging its premium data, Orkla ASA can identify opportunities to expand its product portfolio and enter new markets. This strategic approach has enabled the company to stay competitive in a rapidly changing business landscape.

Frequently Asked Questions

Is MTR owned by Orkla?

Yes, MTR Foods has been part of Orkla since 2007. This partnership has enabled MTR to maintain a strong brand presence and high standards in food safety and corporate responsibility.

What brands does Orkla own?

Orkla owns a diverse portfolio of brands, including Abba Seafood, Lilleborg, and Nidar, among others. Some of the notable brands under Orkla's ownership include food, confectionery, and snack brands from around the world.

Anne Wiegand

Writer

Anne Wiegand is a seasoned writer with a passion for sharing insightful commentary on the world of finance. With a keen eye for detail and a knack for breaking down complex topics, Anne has established herself as a trusted voice in the industry. Her articles on "Gold Chart" and "Mining Stocks" have been well-received by readers and industry professionals alike, offering a unique perspective on market trends and investment opportunities.

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