Orkla ASA (OSL:ORK)

kr 88.15 1 (1.15%) Market Cap: 87.94 Bil Enterprise Value: 105.76 Bil PE Ratio: 16.29 PB Ratio: 1.84 GF Score: 96/100

Orkla ASA Annual Shareholders Meeting Transcript

Apr 13, 2023 / 08:00AM GMT

Release Date Price: kr73.32 (-4.66%)

Transcript

Nils Kloumann Selte

Orkla ASA - President & CEO

Thank you, Anders. Good morning. One year ago, I held my first presentation as a new Group CEO in Orkla. I've now been through my first year and it has been eventful. I'll take you through some of the main points here.

Let me begin with the macroeconomic situation, which you're all very well aware. As the COVID-19 pandemic restrictions are finally being lifted at the beginning of 2022, the war in Ukraine began. These events have had major consequences and have led to disruptions in our supply chains. Cost of transport, energy and input factors, all of them have risen to unprecedented heights during this period. Furthermore, there's been sporadic scarcity of commodities and goods, which have required extraordinary efforts from skilled employees in several parts of Orkla.

Let me now move briefly to Orkla's financial results for 2022 before Harald UllevoldsÃ¦ter comes back with more depth. We achieved an EBIT adjusted growth of 21% for Orkla, overall, assisted to a large extent by hydropower. Further, we saw high organic growth as a

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