Nortura CEO Arne Kristian Kolberg has said he is “satisfied” with the Norway-based meat processor’s performance in the first third of its financial year.

The company, which as a co-operative reports results in three four-month periods rather than quarters, posted higher revenue and EBIT for the period to the end of April. The business made a pre-tax loss, though lower than a year earlier, Nortura said.

The business posted a 7% rise in revenue to NOK7.06bn (US$824.6m). Nortura said the increase was “largely” due to the changes it has made to its financial calendar, which meant this year’s four-month period was five days longer than last year. It also pointed to increased sales of sausages and bacon.

Nortura said its EBITDA grew 2.6% to NOK196m, with EBIT trebling to NOK6m. The co-op’s pre-tax loss for the period stood at NOK19m, down from NOK40m a year ago.

“I am satisfied with a sustained performance level in a four-month period that is historically weak compared to the rest of the year,” Kolberg said.

The Nortura chief said the company had managed to eke out a 0.3% increase in the market share of products sold under its namesake brand.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“We have for years seen a negative trend in the share of our brands. That in some key categories we are taking market share and our total share is maintained is gratifying.”