Orkla today (30 October) reported an increase in nine-month sales and profits, with revenue and profitability improving from the Nordic FMCG group's two packaged food businesses.

The Toro meals owner booked net profit of NOK3.14bn (US$366.1m) for period to the end of September, up from NOK2.37bn a year earlier.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

EBIT grew 13.6% on an adjusted basis to NOK2.51bn. The number was adjusted due to historical figures being restated due to the group's Orkla Brands Russia, a discontinued operation.

Orkla said its operating revenue increased 10% to NOK23.63bn.

In recent years, the Norway-based group has sold off non-FMCG assets to focus on branded consumer goods. Orkla's branded consumer goods is now the bulk of the business. The company saw its operating revenue from the division rise 9.4% to NOK22.69bn. Adjusted EBIT grew 12.2% to NOK2.64bn.

Orkla Foods, the company's grocery business unit, saw adjusted EBIT increase 11.5% to NOK1.14bn. Operating revenues were up 6.4% at NOK9.43bn.

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

At Orkla Confectionery and Snacks, adjusted EBIT was up 18.1% at NOK529m. Operating revenues grew 12.9% to NOK4bn.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now