Orkla ASA (STU:OKL)

€ 8.58 0.05 (0.59%) Market Cap: 8.65 Bil Enterprise Value: 10.19 Bil PE Ratio: 17.87 PB Ratio: 2.20 GF Score: 89/100

Q4 2019 Orkla ASA Earnings Call Transcript

Feb 06, 2020 / 07:00AM GMT

Release Date Price: €8.91 (-1.07%)

Transcript

Thomas Ljungqvist

Orkla ASA - SVP of IR

Good morning and welcome to Orkla's fourth quarter presentation. My name is Thomas Ljungqvist, and I'm Head of Investor Relations. Our CEO, Jaan Ivar, will start with a brief overview of the full year results and also give a status update on his key priorities. Our CFO, Jens Staff, will then take you through the main points of the fourth quarter results, as announced earlier this morning. And before we open up for Q&A, Jaan Ivar will wrap up with some expectations for 2020. Our prepared remarks will take roughly 30 minutes. So with this, should leave ample time for questions.

Now let's get started. Please welcome our CEO, Jaan Ivar Semlitsch.

Jaan Ivar Semlitsch

Orkla ASA - President, CEO & Member of Group Executive Board

Thank you, Thomas. Good morning, everyone. I liked the last commercial, by the way. I think it's great.

I'm pleased to see us finishing this year with a strong quarter where we report good top and bottom line progress. We saw a continued uptick in organic growth of 2% in the

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