Edition:
India

Orkla ASA (ORK.OL)

ORK.OL on Oslo Stock Exchange

69.50NOK
11 Dec 2018
Change (% chg)

kr1.72 (+2.54%)
Prev Close
kr67.78
Open
kr68.12
Day's High
kr69.60
Day's Low
kr68.12
Volume
1,347,088
Avg. Vol
1,499,092
52-wk High
kr87.30
52-wk Low
kr64.60

Latest Key Developments (Source: Significant Developments)

Orkla says to launch formal bid for Kotipizza on Dec 7
Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - Orkla Asa ::COMMENCES RECOMMENDED PUBLIC CASH TENDER OFFER FOR ALL SHARES IN KOTIPIZZA GROUP OYJ ON 7 DECEMBER 2018.ORKLA AND KOTIPIZZA GROUP OYJ ANNOUNCED ON 22 NOVEMBER THAT THEY HAD ENTERED INTO A COMBINATION AGREEMENT PURSUANT TO WHICH ORKLA UNDERTOOK TO MAKE A VOLUNTARY RECOMMENDED PUBLIC CASH TENDER OFFER.  Full Article

Norway's Orkla offers to buy Finnish Kotipizza for EUR 146.1 mln
Thursday, 22 Nov 2018 

Nov 22 (Reuters) - Orkla Asa ::REG-ORKLA ASA: ORKLA SEEKS TO ACQUIRE KOTIPIZZA.ORKLA HAS TODAY SIGNED A COMBINATION AGREEMENT TO LAUNCH AN OFFER TO PURCHASE ALL SHARES IN KOTIPIZZA GROUP OYJ ("KOTIPIZZA GROUP"), OWNER OF FINLAND'S LARGEST CHAIN FOR PIZZA RESTAURANTS.OFFER PRICE IS EUR 23 PER SHARE (CA. NOK 224 PER SHARE), WHICH VALUES KOTIPIZZA GROUP'S EQUITY AT APPROXIMATELY EUR 146.1 MILLION (CA. NOK 1.4 BILLION) VS LAST CLOSING AT EUR 16.60 .BOARD OF DIRECTORS OF KOTIPIZZA GROUP HAS UNANIMOUSLY DECIDED TO RECOMMEND SHAREHOLDERS OF KOTIPIZZA GROUP TO ACCEPT THIS OFFER.KOTIPIZZA GROUP HAD TOTAL NET SALES OF EUR 84.1 MILLION (CA. NOK 789 MILLION) IN FINANCIAL YEAR 2017 AND EBIT OF EUR 6.4 MILLION (CA. NOK 60 MILLION) .KOTIPIZZA GROUP IS HEADQUARTERED IN HELSINKI, FINLAND AND CURRENTLY HAS 95 EMPLOYEES.ACQUISITION OF KOTIPIZZA GROUP IS IN LINE WITH OUR STRATEGIC AMBITION TO INCREASE OUR PRESENCE IN CHANNELS WITH FASTER GROWTH THAN TRADITIONAL GROCERY.COMPLETION OF TENDER OFFER IS SUBJECT TO APPROVALS BY RELEVANT REGULATORY AUTHORITIES AND ORKLA GAINING CONTROL OF MORE THAN 90 PER CENT OF KOTIPIZZA SHARES.  Full Article

Orkla Q3 adjusted EBIT slightly ahead of forecast
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - Orkla ASA ::ORKLA Q3 ADJUSTED EBIT NOK 1,353 MILLION (REUTERS POLL NOK 1.32 BILLION).ORKLA Q3 REVENUES NOK 10,126 MILLION (REUTERS POLL NOK 10.15 BILLION).  Full Article

Orkla Q2 Adjusted EBIT NOK 1.12 Bln, Above Expectations
Friday, 13 Jul 2018 

July 13 (Reuters) - Orkla ASA ::REG-PROFIT GROWTH FOR ORKLA.OPERATING REVENUES ROSE 3% IN Q2, TO NOK 10,017 MILLION..SALES GROWTH IN NORWAY WAS WEAKER THAN LAST YEAR, PARTLY AS A RESULT OF 83% INCREASE IN TAX ON CHOCOLATE AND SUGAR.ORKLA'S OPERATING PROFIT (EBIT ADJUSTED.) INCREASED BY 9% IN Q2 TO NOK 1,119 MILLION.ORKLA Q2 REVENUES NOK 10.02 BLN (REUTERS POLL NOK 10.2 BILLION).CONTINUES TO FACE STRONG COMPETITION FROM INTERNATIONAL BRANDS AND THE RETAIL TRADE’S PRIVATE LABELS.PROFIT FROM ASSOCIATES DECLINED IN THE FIRST HALF ON ACCOUNT OF WEAKER RESULTS FROM JOTUN..LOCAL PLAYERS ARE GAINING IN STRENGTH AT THE EXPENSE OF MAJOR GLOBAL MANUFACTURERS.ORKLA Q2 ADJUSTED EBIT NOK 1.12 BILLION (REUTERS POLL NOK 1.08 BILLION).PROFIT FROM ASSOCIATES AMOUNTED TO NOK 105 MILLION IN Q2.TAX FOR THE H1 2018 INCREASED, YEAR OVER YEAR, MAINLY DUE TO THE INCREASE IN ECONOMIC RENT TAX RELATED TO POWER OPERATIONS IN NORWAY.  Full Article

Norway's Orkla buys back shares
Monday, 14 May 2018 

May 14 (Reuters) - Orkla ASA ::ORKLA ASA HAS TODAY BOUGHT 390,000 ORKLA SHARES THROUGH BROKER AT AN AVERAGE PRICE OF NOK 74.0568 PER SHARE..ORKLA'S TOTAL HOLDING OF TREASURY SHARES AFTER THIS TRANSACTION IS 4,786,933 SHARES..  Full Article

Orkla starts share buyback program
Monday, 30 Apr 2018 

April 30 (Reuters) - Orkla ASA ::HAS DECIDED TO INITIATE A SHARE BUYBACK PROGRAM FOR UP TO 10 MILLION SHARES IN THE MARKET.THE PROGRAM WILL BE INITIATED TODAY AND TERMINATED ON 23 JUNE 2018 AT THE LATEST.THE SHARES PURCHASED UNDER THIS PROGRAM WILL BE USED FOR ORKLA'S SHARE FOR EMPLOYEES PROGRAM AS APPROVED BY THE GENERAL MEETING ON 12 APRIL 2018 AS WELL AS FOR AMORTIZATION PURPOSES.  Full Article

Orkla to buy Health and Sports Nutrition Group for SEK 360 mln
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Orkla Asa :Orkla has entered into an agreement to purchase the Swedish company Health and Sports Nutrition Group (HSNG) from Stockholm listed Qliro Group <<>>.Orkla says the parties have agreed on a purchase price of SEK 360 million ($42.43 million) on a debt-free basis.HSNG's operations will be maintained as a separate unit in the Orkla Care business area..HSNG runs the ecommerce portals Gymgrossisten and Bodystore, and is the biggest online health and sport nutrition company in the Nordic region.The transaction is conditional on the approval of the competition authorities in Sweden, Norway and Austria."Orkla's goal is to strengthen its focus on digital marketing and sales, and through this acquisition will gain proximity to a large number of engaged consumers. Health is a priority area for us, and we see good opportunities for collaboration with our existing activities, in the form of greater distribution through traditional sales channels and, not least, enhanced consumer insight," says Stig Ebert Nilssen, Orkla EVP and CEO of Orkla Care.  Full Article

Orkla to buy Czech frozen vegetable producer Agrimex
Monday, 20 Nov 2017 

Nov 20 (Reuters) - Orkla Asa :Through its wholly-owned subsidiary Hame, Orkla has signed an agreement to purchase Agrimex, a leading frozen vegetable producer in the Czech Republic.Agrimex has 32 employees and had a turnover of CZK 260 million ($11.98 million) in 2016.The company will be consolidated into Orkla’s financial statements from Dec. 1, 2017..The parties have agreed not to disclose the purchase price.  Full Article

Norway's Orkla sells Denmark's K-salat to Stryhns A/S
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - Orkla Asa said in a statement::Orkla sells K-Salat to Stryhns A/S.Orkla Foods Denmark has entered into an agreement with Stryhns A/S on the sale of K-Salat.The purpose of the sale is to concentrate activities on fewer categories.K-Salat has a product portfolio of salad spreads, mayonnaise, remoulade, dressings and potato salads in Denmark.Under the agreement, Stryhns A/S will take over the factory with around 100 employees in Havnsø, Vestsjælland.The transaction is expected to be completed in early December 2017, and the entity will be consolidated into the buyer’s financial statements as from 1 December 2017.The price of the transaction was not disclosed.  Full Article

Orkla: Group director corporate communications buys 3,099 shares
Friday, 3 Nov 2017 

Nov 3 (Reuters) - Orkla Asa ::‍Håkon mageli, group director corporate communications and corporate affairs at orkla, has today bought 3,099 shares at a price of nok 79.50​.  Full Article

Deals of the day-Mergers and acquisitions

Nov 23 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday: