Orkla ASA Annual Shareholders Meeting Transcript
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 Ullevoldsæter 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
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
