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1.07.-30.09 |
1.1.-30.09 |
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| Amounts (in NOK million) |
2009 |
2008 |
2009 |
2008 |
2008 |
| Operating revenues |
5 661 |
5 646 |
16 722 |
16 657 |
23 398 |
| EBITA* |
759 |
708 |
1 919 |
1 786 |
2 590 |
| EBITA-margin* |
13,4% |
12,5% |
11,5% |
10,7% |
11,1% |
| *Before amortisation, restructuring and significant impairments |
- Underlying2 profit growth.
- Flat topline performance, stabilisation in market shares.
- Acquisition of Russian biscuits company.
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www.orklabrands.com
Facts about Orkla Brands
The former business areas Orkla Foods and Orkla Brands were amalgamated in 2008.
The new business area, Orkla Brands, is divided into the following four units: Orkla Foods Nordic, Orkla Brands Nordic, Orkla Brands International and Orkla Food Ingredients. | |
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Orkla Brands reported third-quarter operating revenues of NOK 5,661 million (NOK 5,646 million)1, representing an approximately flat underlying2 performance. The effect of price increases was slightly weaker than in the second quarter, while volume growth was on a par with second-quarter performance. Volume growth remains weaker for the catering and export markets than in the grocery market. Overall market shares are slightly lower, but showed signs of improvement in certain categories in the third quarter.
Third-quarter EBITA was NOK 759 million (NOK 708 million)1. Underlying2 profit growth was around 6%. The improvement in profit is ascribable to price increases, cost improvements and certain major innovations. Orkla Brands International and Orkla Food Ingredients achieved the greatest profit growth, while the Nordic business units reported profit on a par with last year.
Overall purchasing costs continued to increase in the third quarter. The price of sugar and cocoa beans rose, while price trends varied for other international commodities. On the Norwegian market, the prices of key raw materials such as flour and meat continued to rise.
The main launches in the third quarter were Bergene Melk (large chocolate bar, Nidar), Pierre Robert Young Collection (wool collection for children, Pierre Robert) and the relaunch of Big One (pizza, Stabburet).
In the third quarter Krupskaya acquired the Russian brand Pekar and associated production facilities. The company holds a leading position on the Northwest Russian market in the waffle biscuit, sponge cake, bread roll, pastries and snacks segments. Sales in 2008 totalled around RUB 600 million, equivalent to around NOK 120 million, and the company has 385 employees.
1 Figures in parentheses are for the corresponding period in the previous year.
2 Excluding aquisitions, divestments and currency translation effects.