Norwegian food group Rieber & Søn has reported mixed first-quarter results, with restructuring costs hitting its net and operating profit but EBITDA increasing.

The company booked net profit of NOK19m for the first three months of the year, down from NOK27m a year earlier.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

EBIT dropped 31% to NOK31m as Rieber & Søn filed NOK17m in costs linked to job cuts in western Europe.

The company insisted the restructuring would lower its cost base by around NOK60m.

Rieber & Son’s EBITDA, before depreciation and the restructuring charges, increased from NOK93m to NOK96m.

Meanwhile, sales rose by 3.1% to NOK1.05bn. Organic growth totalled 3.8% while “structural effects” added 1.3 percentage points to the total. Currency exchange lowered growth by two percentage points.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Looking ahead, Rieber & Søn said that it will focus on driving top-line growth and continued efficiency gains. The firm said that it will have a “more aggressive” product launch programme, with “products and concepts stretching beyond the traditional core areas” and a quicker product development process. 

Click here for the full release. 

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now