Q2 2019 Orkla ASA Earnings Call Transcript
Good morning, everyone, and welcome to today's presentation of Orkla's second quarter results. My name is Terje Andersen, and I'm Acting CEO of Orkla. This will be the first, but also my last time -- and also the last time I present Orkla's financial results as CEO. As you all know, the Board of Orkla has appointed a new President and CEO, and Jaan Ivar Semlitsch will take up his position in a month's time.
But first in this presentation, I will go through some highlights. And then as usual, our CFO, Jens Staff, will go through the financials in more details.
The progress we saw in Q1 continued in the second quarter. Our Branded Consumer Goods business delivered both organic sales and profit growth, and underlying 12 months' rolling EBIT margin improved by 0.3 percentage point. The overall progress was, however, set back by weak results in Care.
Performance in the quarter was mainly driven by broad-based sales and profit growth in Orkla Foods and Confectionery & Snacks. We also had good progress in Orkla Foods
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