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    ORKLA - unbekannter Solarwert KGV 2006 von ca.7 - 500 Beiträge pro Seite

    eröffnet am 31.10.06 12:54:36 von
    neuester Beitrag 06.02.19 11:52:52 von
    Beiträge: 214
    ID: 1.091.188
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    ISIN: NO0003733800 · WKN: 864042 · Symbol: OKL
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     Ja Nein
      Avatar
      schrieb am 31.10.06 12:54:36
      Beitrag Nr. 1 ()
      ORKLA ist ein norwegischer Mischkonzern mit Sparten, die von Foods + Brands über Spezialchemikalien, Aluminiumprofile und Finanzinvestments bis zu einem wachsenden Engagement im Solarbereich gehen.

      Um letzteres soll es in diesem Thread gehen.

      ORKLA hat einerseits eine Sparte mit dem Namen ELKEM, die einer der großen Solar-Siliziumproduzenten ist. In 2005 hat ELKEM einen operating profit von ca. 138 Mio EUR (ca. 20% von ORKLA).

      Am 27.10.06 haben sie ad-hoc informiert, dass sie eine große neue Siliziumfertigung bauen werden, die nicht über den Umweg des Silangases gehen sondern Solarsilizium direkt metallurgisch produzieren wird. Damit soll der für die Produktion benötigte Strom in etwa gefünftelt werden.

      Das andere große Engagement von ORKLA ist eine gut 27% Beteiligung an REC Renewable Energy Corporation, dem weltgrößten Solarunternehmen (siehe auch entsprechender Thread). Nach dem IPO im Mai 2005 hat ORKLA dort weiter zugekauft.

      Im Moment sitzen sie auf einem großen Cash-Bestand, der auch dadurch entstanden ist, dass Sie die Mediensparte kürzlich verkauft haben.

      Ich rechne mit weiteren Investments im Solarsektor und werde hier anfallende Nachrichten reinstellen.

      Wäre schön, wenn Einige mitlesen würden, oder noch besser: mitdiskutieren.

      Viel Spaß also ;)
      Avatar
      schrieb am 31.10.06 12:57:30
      Beitrag Nr. 2 ()
      zum Einlesen einige kürzliche Meldungen:

      Published: 10:41 27.10.2006 GMT+2 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Orkla invests in solar energy

      Elkem Solar is to build a plant for the production of silicon for solar cells

      Orkla is investing NOK 2.7 billion in a new plant for the production of high-purity silicon for solar cells at Elkem Fiskaa in Kristiansand. This solar energy project is based on new, environmentally sound process technology and unique research expertise, and will create 140-150 new jobs. Ordinary deliveries of Elkem Solar Silicon® are scheduled to start in mid-2008. The factory will lay the foundations for the development of a new high technology business area for Orkla with considerable potential for expansion.

      The plant will be integrated into Elkem Fiskaa's existing silicon plant and will initially manufacture 5,000 tonnes of solar grade silicon per year. Production will be based on new metallurgical process technology developed by Elkem Solar that is both competitive and environmentally friendly. Elkem has been engaged in research and technological development in the field of solar grade silicon since the early 1980s.

      "The construction of the plant in Kristiansand is the result of long-term technology development and the necessary know-how to industrialise new technology. It is also a milestone for Elkem as a company, which is now entering a rapidly growing market driven by the increasing demand for renewable energy," says Elkem's Managing Director John G. Thuestad.

      In the past two years, the process technology has been tested at Elkem's pilot plant at Fiskaa with satisfactory results. Elkem Solar's process route is based on metallurgical processes. Production requires less energy and production costs will compare favourably with the costs of using existing technology.

      Elkem Solar Silicon® has been tested by leading pilot customers for many years. Solar cells manufactured with the product have the same efficiency as those using existing technology. The product is qualified for commercial supply.

      Elkem has signed a four-year contract on satisfactory terms with a leading player for approximately half the volume.
      Avatar
      schrieb am 31.10.06 13:00:10
      Beitrag Nr. 3 ()
      Trade subject to notification REC
      Orkla has today on 29 September 2006 bought 5 million shares in
      Renewable Energy Corporation ASA (REC) at a share price of NOK 89.00.
      After this transaction Orkla and subsidiaries owns 135,935,300 shares in REC, which represents 27.5 % of the shares.

      The reason for this notification is that Ole Enger and Roar Engeland (both Executive Vice President in Orkla) are members of the Board in REC.
      Avatar
      schrieb am 31.10.06 13:02:04
      Beitrag Nr. 4 ()
      Antwort auf Beitrag Nr.: 25.033.668 von meinolf67 am 31.10.06 12:57:3019.06.2006: Orkla has today on 19 June 2006 bought 5 million shares in Renewable Energy orporation ASA (REC) at a share price of NOK 81.67.

      After this transaction Orkla and subsidiaries owns 130,915,300 shares in REC, which represents 26.5 % of the shares.

      The reason for this notification is that Ole Enger and Roar Engeland (both Executive Vice President in Orkla) are members of the Board in REC.
      Avatar
      schrieb am 31.10.06 13:07:23
      Beitrag Nr. 5 ()
      ...und hier noch ein Link zur Präsentation zur SI-Investition:

      http://hugin.info/111/R/1084271/188771.pdf

      Trading Spotlight

      Anzeige
      Rallye II. – Neuer Anstoß, News und was die Börsencommunity jetzt nicht verpassen will…mehr zur Aktie »
      Avatar
      schrieb am 31.10.06 13:57:56
      Beitrag Nr. 6 ()
      Antwort auf Beitrag Nr.: 25.033.861 von meinolf67 am 31.10.06 13:07:23und an der norwegischen Tomra (Thema Flaschen- und Dosenpfand) sind sie auch interessiert - siehe in den entsprechenden Threads (u.a. "Orkla saugt...")
      Avatar
      schrieb am 31.10.06 16:27:24
      Beitrag Nr. 7 ()
      ich lese mal erstmal mit
      sehr interessanter wert den du da raus gesucht hast
      glaube ich . . .

      so weit,

      mfg.
      Avatar
      schrieb am 25.01.07 12:14:55
      Beitrag Nr. 8 ()
      Es geht langsam und stetig nach oben.

      Seit Oktober etwa 20%...

      Im gleichen Zeitraum ist die Beteiligung an REC um ungefähr 27% gestiegen.

      Ansonsten gibt es weiter munter Desinvestitionsgewinne.

      Meine Schätzung für den Gewinn im abgelaufenen Jahr 2006:

      EUR 1,2-1,3 Mrd.
      Kapitalisierung knapp EUR 9 Mrd.
      => KGV 7-7,5

      Kurs-zu-Buch: ca. 1,65
      Avatar
      schrieb am 05.02.07 21:31:13
      Beitrag Nr. 9 ()
      Nicht zu fassen, da steht die Welt Kopf und hier:

      kein Posting.

      Hallo, jemand da?

      Ich bin nicht so sicher, dass das schon alles ist, was Orkla vorhat.

      Bei REC und bei Q-Cells bleibt man jeweils exakt unter der Annahmeschwelle für ein öffentliches Angebot.

      Die überzähligen REC-Aktien werden bei QCE geparkt.

      Wo kann das wohl hinführen...?

      ;)

      Schade, dass ich noch nicht mehr gekauft habe.
      Avatar
      schrieb am 14.02.07 17:27:04
      Beitrag Nr. 10 ()
      Good end to an eventful year for Orkla
      14.02.2007
      Orkla ended the year well and overall 2006 was thus a period of significant profit growth. All business areas reported higher profit than last year, both for the quarter and for the full year. Orkla's Financial Investments division also created good value, with an annual return of 27.4 per cent.
      Group operating profit before amortisation increased by 31 per cent in the fourth quarter, to NOK 1.7 billion. Total operating profit for the year before amortisation was NOK 5.1 billion, up from NOK 4.5 billion in 2005.

      "Orkla's business areas have, almost without exception, made good progress. At the same time, we have made several important acquisitions and investments. The decision to invest almost NOK 3 billion in Elkem Solar and the acquisition of Dansk Droge (Denmark), Krupskaya (Russia), Alufinal (Czech Republic) and Royal Brinkers (Romania) are all important expansion projects. Both the Branded Consumer Goods business and the Speciality Materials business strenghtened their positions last year," says Group President and CEO Dag J. Opedal.

      In the Branded Consumer Goods area, Orkla Brands strengthened its market positions and achieved underlying revenue growth of almost nine per cent in the fourth quarter. Orkla Foods reported good profit growth on the Nordic market but, as anticipated, somewhat weaker results for SladCo in comparison with the previous year.

      The Speciality Materials area, which comprises Elkem, Sapa and Borregaard, had another good quarter, driven by continued strong volume growth for Sapa and high profit from financial power trading. In November, Orkla signed a letter of intent with Alcoa concerning the establishment of a new joint company based on Sapa's and Alcoa's aluminium profile businesses. Orkla will be the majority shareholder in the new company, which is expected to be established in the first half of this year.

      Group earnings per share for 2006 totalled NOK 54.3, compared with NOK 28.1 in 2005. The net contribution to profit from discontinued operations (Orkla Media) amounted to NOK 19.9 per share.
      Avatar
      schrieb am 03.03.07 10:12:14
      Beitrag Nr. 11 ()
      Antwort auf Beitrag Nr.: 27.174.739 von meinolf67 am 25.01.07 12:14:55Der Gewinn betrug sogar 1,4 Mrd. Euro => KGV 06 von derzeit 7,2.

      Für 2007 rechne ich mit einem Gewinn von ca. 1 Mrd. Euro. Entspräche KGV von 10.

      Derzeitiges Kurs-zu-Buch-Verhältnis 1,69. Dividendenrendite ca. 2,5%.

      Im Gemetzel dieser Woche ist Orkla auch gefallen, aber nur um ca. 5%.

      Als Phantasie sehe ich:

      -40% Beteiligung an REC; kann man aber auch als Belastung sehen, je nachdem wie man Solar insgesamt einschätzt ;)

      -extremes Wachstum von ELKEM ab 2008, wenn die m-SI Fertigung anläuft

      Risiko nach unten halte ich für sehr begrenzt.

      Ausnahme: Habe keine Überblick, wie sich Börsenturbulenzen auf die Investmentsparte auswirken...
      Avatar
      schrieb am 28.03.07 11:06:54
      Beitrag Nr. 12 ()
      und jetzt nimmt man mal ein bisschen Gewinne mit (man hat vor 4 Wochen zu 105 NOK gekauft; macht gut 5 Mio Euro so nebenbei):

      Orkla has the 27 March 2007 sold 1 194 335 shares in Renewable Energy Corporation ASA (REC) at a share price of NOK 140.33.

      After this transaction Orkla holds 196 425 000 shares in REC, which represents 39.75 % of the shares.

      The reason for the sale is that Orkla wishes to have a certain margin to the 40 % limit that triggers a mandatory offer.

      The reason for this notification is that Ole Enger and Roar Engeland (both Executive Vice President in Orkla) are members of the Board in REC.
      Avatar
      schrieb am 16.04.07 13:54:45
      Beitrag Nr. 13 ()
      Kurs inzwischen bei 57,00, bei Threaderöffnung waren es unter 40.

      KGV jetzt 8,5.
      Avatar
      schrieb am 20.04.07 11:50:45
      Beitrag Nr. 14 ()
      Aktiensplit 5:1.
      Avatar
      schrieb am 24.04.07 12:55:33
      Beitrag Nr. 15 ()
      Es gibt eine neue Präsentation auf der Orkla-Webseite zum SI-Projekt, vorgestellt auf der Konferenz in München vor 3 Wochen:

      http://hugin.info/111/R/1119663/205641.pdf

      Man scheint sich recht sicher zu sein, dass alles gut laufen wird; neu für mich war, dass man auch Mono-Cz-Ingots ziehen will und dass es neben Q-Cells noch bereits einen zweiten Abnehmer geben soll.

      Nur mal so zum träumen:

      5000 MT x EUR 50,-/kg (aktuell > 150 !!!) wäre ein Umsatzpotential von EUR 250 Mio. p.a.; das zweite Werk mit nochmal 5.000 MT wird wohl sehr schnell nachkommen, wenn das erste läuft.

      ELKEM setzt bisher gut eine Mrd. um.

      Stay long.
      Avatar
      schrieb am 03.05.07 18:45:22
      Beitrag Nr. 16 ()
      ...kann vor Kraft kaum Laufen:


      OSLO (Thomson Financial) - Norwegian conglomerate Orkla ASA posted first quarter pretax profits well-ahead of consensus forecasts, boosted by a series of share sales and one-off gains.

      For the first quarter, Orkla posted pretax profits of 3.51 bln nkr, up from 2.15 bln at the same point last year, and well-ahead of the 2.52 consensus forecast of analysts polled by TDN Finans.

      The pretax figure, Orkla said, had benefited from a number of portfolio gains realised during the quarter, including the sale of shares in Mecom and Renewable Energy Corporation ASA, as well as the sale of interests in a number of real estate projects at Fornebu outside Oslo.

      Together, these sales contributed a gain of 881 mln nkr, the firm said.

      Quarterly EBITA came in at 1.47 bln nkr, up from 1.17 bln last time, and ahead of the 1.24 bln consensus forecast.

      Sales, meanwhile, came in at 13.89 bln nkr, up from 12.50 bln last time, and ahead of the 13.34 bln forecast by analysts.

      On the underlying level, Orkla said various recently-acquired companies, including India's MTR Foods, had contributed a combined 300 mln nkr to sales, while "all business areas made progress" during the quarter.

      In particular, Orkla said growth had been driven by the Nordic region, where Orkla Branded Consumer Goods division achieved a 10 pct growth in operating profits.

      Outside this region though, Orkla said results "were slightly weaker than last year".

      President and chief executive Dag Opedal said the firm had achieved good growth in the past quarter, with progress being made in terms of both sales and profits.

      "Over time, systematic work has been done in the group on innovation and improvement programmes, and we are now seeing the results of this," he said, adding that the firm has "been helped along by strong markets" for several of its businesses.

      Looking ahead, Orkla said the "macro-economic picture is generally positive, with continued good growth anticipated in Europe and Asia".

      Despite this, the firm warned that "the slowdown that took place in the US economy in the second half of 2006 is expected to continue, and thereby contribute to somewhat more moderate growth in the short term."

      However Orkla added that the Nordic grocery market is expected to remain "relatively stable" in the coming quarters and that future profit growth will primarily be in its own hands.

      "Higher prices for factor inputs will require a strong focus on internal improvement projects," it said.

      In Eastern Europe, where Orkla is developing its operations, the firm said it remains confident that the grocery market trend is positive.
      Avatar
      schrieb am 01.06.07 13:02:17
      Beitrag Nr. 17 ()
      Interessante Präsentationen zum Capital Markets Day von gestern auf der Homepage:

      General Strategy
      Solar
      Branded Goods
      Aluminium Extrusion


      Habe meine ersten Stücke am 13.6.06 zu 6,86 gekauft.

      Kurs heute: ca. 13,00

      Nicht schlecht für eine defensive Aktie.

      REC macht ca. 40% der MarketCap von Orkla aus.
      Avatar
      schrieb am 16.06.07 20:37:31
      Beitrag Nr. 18 ()
      Werde mir auch ein paar Stücke zulegen. Der Grund ist eigentlich die hohe Beteiligung an REC sowie der günstige Preis.
      Avatar
      schrieb am 16.07.07 11:36:40
      Beitrag Nr. 19 ()
      und sie läuft und läuft...

      Habe mir vor ein paar Wochen mal Phtocure zugelegt, weil Orkla sich dort beteiligt hat.

      Auch die Alcoa-Sache klingt interessant.

      Orkla ist für mich ein post-2009 Wert.
      Avatar
      schrieb am 16.07.07 11:37:33
      Beitrag Nr. 20 ()
      Avatar
      schrieb am 12.08.07 11:37:51
      Beitrag Nr. 21 ()
      Wie weit geht die Korrektur? Auslöser waren die enttäuschenden Q2 Zahlen aus dem Food - Bereich, das war wohl etwas überraschend. Sind auch in anderen Sparten Rückschläge zu erwarten? Evt. Finanz?
      Avatar
      schrieb am 17.09.07 10:17:03
      Beitrag Nr. 22 ()
      nur mal so zum auf-der-Zunge-zergehenlassen:

      Der REC-Anteil von Orkla dürfte mit unter 10 Mrd. NOK = ca. 1,25 Mrd EUR in den Büchern stehen.

      Aktueller wert beei 494 Mrd. Aktien x 39,75% x 28 EUR = ca. 5,5 Mrd. EUR

      => stille Reserven über 4 Mrd. EUR
      => mehr als 4 EUR/Aktie

      Kurs aktuell: gut 11 EUR
      Avatar
      schrieb am 17.09.07 10:17:50
      Beitrag Nr. 23 ()
      Antwort auf Beitrag Nr.: 31.628.493 von meinolf67 am 17.09.07 10:17:03sorry, 494 Millionen Aktien
      Avatar
      schrieb am 06.10.07 11:37:18
      Beitrag Nr. 24 ()
      @spoon79

      Bist Du noch drin hier?
      Avatar
      schrieb am 06.10.07 11:37:43
      Beitrag Nr. 25 ()
      14.09.2007 09:28
      Orkla to sell 'Superfish' ops to Poland's Graal for undisclosed sum

      OSLO (Thomson Financial) - Orkla ASA (Nachrichten) said it is to sell its frozen and tinned fish operations, known as 'Superfish', to Poland's Graal in a deal worth an undisclosed sum.

      'Under the agreement, Graal is to take over all the shares in Superfish,' Norwegian conglomerate Orkla said.

      Superfish has been extensively reorganised since Orkla Foods took over the company in 2000, it said.

      Graal is a listed group and a leading player in the fish product and fish processing industry in Poland.
      Avatar
      schrieb am 06.10.07 12:27:23
      Beitrag Nr. 26 ()
      STOCKHOLM (Dow Jones)--Swedish telecommunications operator Tele2 AB
      (TEL2-B.SK) Wednesday said it will build the third mobile network in Norway in
      cooperation with privately-held Network Norway AS.

      Tele2 said its Norwegian unit has acquired a 50% stake in AMI AS, which owns a
      license for operating a mobile network using Global System for Mobile
      communications technology, or GSM, on the 900 Megahertz frequency.

      The joint company, AMI, aims to build out a mobile network covering a large
      proportion of the Norwegian population.

      Network Norway, partly owned by Norwegian conglomerate Orkla ASA (ORK.OS), in
      February opened its network with very limited coverage.

      Tele2 said the plan now is to build 400 to 500 base stations in the first
      phase, to the beginning of 2009, by which time it hopes to cover around 30% of
      the Norwegian population.

      "Our ambition is to go further after that and long term cover a majority of
      the population," Niclas Palmstierna, head of Tele2's Nordic operation, told Dow
      Jones Newswires.

      Palmstierna wouldn't disclose the investment planned but said the overall cost
      for building a base station is around 1 million Swedish kronor ($150,000).

      The company will also investigate alternatives for providing future
      third-generation services, which typically include fast internet access, live
      streaming video and other multimedia or converged applications.

      Palmstierna said that could involve using the 900 MHz license also for 3G or
      acquiring one of the two unutilized licenses available on the 2.1 GHz band more
      typically used for 3G.

      Poul Ernst Jessen, an analyst at Danske Bank said the news was good for Tele2,
      and less so for TeliaSonera AB (TLSN.SK).

      "My initial reaction is that this will improve the business case for Tele2 in
      Norway significantly," Jessen said. Danske Bank has a hold rating on Tele2
      shares.

      Tele2 earlier this year signed an agreement with TeliaSonera to use its Netcom
      network in Norway as a mobile virtual network operator, or MVNO. The
      TeliaSonera deal also allows for national roaming.

      Danske Bank's Jessen said significant traffic volumes that would have gone to
      TeliaSonera will now instead go to Tele2's own network.

      TeliaSonera estimated in May, when the deal with Tele2 was done, that the
      agreement would have an annual impact on sales of approximately SEK500 million.
      The transfer of traffic to TeliaSonera was expected to be fulfilled by April
      2008, TeliaSonera said at the time.

      Tele2 is undergoing a transformation to focus on markets where its owns
      infrastructure and can achieve high margins. The company has sold operations in
      several countries where it doesn't own infrastructure or cannot otherwise reach
      the necessary profitability, and further asset sales are planned.

      "This agreement is well in line with our strategic focus. We are very
      optimistic about our Norwegian mobile operations, where we have a strong market
      position and large traffic volumes," said Tele2's Chief Executive Lars-Johan
      Jarnheimer in a statement.

      Norway's incumbent telecom operator Telenor ASA (TELNY) operates the country's
      largest mobile network measured by customers.
      Avatar
      schrieb am 06.10.07 12:28:10
      Beitrag Nr. 27 ()
      STOCKHOLM (Dow Jones)--Kungsleden Thursday said it has signed a letter of
      intent with Norwegian asset manager Orkla Finans Kapitalfoervaltning AS
      regarding the divestment of commercial properties in Sweden with a value of
      approximately 5 billion Swedish kronor.

      If this divestment is completed, the estimated capital gain is about SEK600
      million, and the profit for calculating dividends around SEK900 million.

      The letter of intent grants Orkla Finans Kapitalfoervaltning exclusivity to
      conduct due diligence on the property holding. A binding agreement would be
      scheduled for signing during November.
      Avatar
      schrieb am 08.10.07 16:50:55
      Beitrag Nr. 28 ()
      Orkla ASA

      Published: 16:42 08.10.2007 GMT+2 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Managing Director John G. Thuestad to leave Elkem after 14 years

      John G. Thuestad will take up the post as President of Alcoa's North American aluminium and alumina operations by 1 January 2008 at the latest. He will be based in New York, and will be responsible for a business area with a turnover of around NOK 30 billion and 5,000 employees.

      For the present, we wish to extend our warm thanks to Mr. Thuestad for the significant contribution he has made to Elkem's value creation over many years and to wish him every success with his exciting new challenge.

      The process of finding a successor for Mr. Thuestad has commenced and is expected to be concluded by the end of November.


      Dag J. Opedal
      Group President and CEO of Orkla ASA
      Avatar
      schrieb am 12.10.07 13:32:53
      Beitrag Nr. 29 ()
      nochmal nachgekauft.

      Einstand noch unter 10,00.
      Avatar
      schrieb am 12.10.07 14:52:44
      Beitrag Nr. 30 ()
      Diese Mischkonzerne ... blick da ja nicht durch, durch die Finanzkonglomerate ...

      Muss mich mal Einlesen:)
      Avatar
      schrieb am 12.10.07 15:06:08
      Beitrag Nr. 31 ()
      Antwort auf Beitrag Nr.: 31.956.031 von Hoerschwelle am 12.10.07 14:52:44Zum Solarthema sind auf der Webseite einige Dokumente von verschiedenen Capital Market Days, z.B.

      ELKEM m-SI http://hugin.info/111/R/1084271/188771.pdf
      Q-CELLS/ELKEM Deal http://hugin.info/111/R/1102205/197258.pdf

      usw.

      m-SI ist vielleicht auch insoweit für Dich interessant, als dass Du ja bei Solarvalue engagiert bist.

      Ansonsten viel Spass beim Einlesen....
      Avatar
      schrieb am 31.10.07 09:24:40
      Beitrag Nr. 32 ()
      unauffällige Zahlen:

      Published: 07:45 31.10.2007 GMT+1 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Stable operations and a stronger platform for growth through "New Sapa"

      Orkla's pre-tax profit totalled NOK 2.2 billion in the third quarter. The NOK 773 million rise was largely due to high portfolio gains. Operating profit before amortisation was on a par with last year. "New Sapa" has been established and was fully operational from the third quarter.

      Alcoa's profile operations have been merged with Sapa's profile operations from the third quarter, and Sapa as a whole will generate annual operating revenues of around NOK 30 billion.

      "We have laid a good foundation for further development of the Group in the third quarter. The new Sapa structure has now been established and comprehensive programmes will ensure that we achieve our long-term profitability targets. Most of Orkla's business areas achieved profit growth, but Orkla Foods was negatively affected by higher raw material prices and a challenging market situation for Bakers and in Eastern Europe. We are working to turn this around. Our aim is still to return the Branded Consumer Goods business to its previous profitability trend in the course of 2008," says Group President and CEO Dag J. Opedal.

      The Orkla Group's third quarter operating revenues increased from NOK 12.7 billion last year to NOK 17.8 billion this year, largely due to new business from Alcoa. So far this year, operating revenues have thereby increased from NOK 38.1 billion to NOK 45.7 billion. As expected, however, the profit contribution from new business has been more moderate. At the end of the first nine months, operating profit before amortisation amounted to NOK 3.9 billion, up from NOK 3.4 billion last year.

      Realised portfolio gains totalled NOK 1.4 billion in the third quarter. After net sales of shares totalling NOK 1.3 billion, the market value of the portfolio is now NOK 17.7 billion. The largest transaction was the sale of shares in Steen & Strøm. The year-to-date return on the share portfolio is 13.3 per cent, compared with 12.7 per cent for the Oslo Stock Exchange Benchmark Index and 20.0 per cent for the Morgan Stanley Nordic Index.

      Date: 31 October 2007
      Avatar
      schrieb am 31.10.07 11:24:12
      Beitrag Nr. 33 ()
      aktuell geschätzter Stand der stillen Reserve bei Orklas REC-Anteil:

      5,6 Mrd Euro = gut 5 EUR/Aktie....
      Avatar
      schrieb am 20.11.07 14:20:09
      Beitrag Nr. 34 ()
      wer verkauft denn Orkla für 11,64?
      Avatar
      schrieb am 24.11.07 14:50:11
      Beitrag Nr. 35 ()
      Antwort auf Beitrag Nr.: 32.215.452 von meinolf67 am 31.10.07 11:24:12REC und Orkla sind sicher sehr interessante Werte - wäre aber mit Norwegen im Moment etwas vorsichtig.

      Die Norweger leben extrem auf "Kredit". Durch die steigenden Zinsen gibt's am Immobilienmarkt erste Warnzeichen und eine Kopie der US-Krise ist nicht auszuschließen.

      Ausserdem neigen die Investoren in Norge - positiv wie negativ - zur Hysterie, (ver)kaufen "über Nacht" ihr ganzes Portfolio. Habe auf diesem Weg zwar mit norwegischen Lachsaktien gut verdient, inzwischen sind IMHO die meisten norwegischen Werte aber überbewertet.

      Meine Fav's sind z.Zt. Aker Yards, Sevan Marine, Yara und diverse Exploreraktien (für Gambler - die Norweger investieren gerade in alles was sich irgendwie nach "Offshore" anhört).

      Bin geschäftlich viel oben und lese von berufswegen täglich das Norwegische Handelsblatt "dagens næringsliv"
      Avatar
      schrieb am 27.11.07 14:10:23
      Beitrag Nr. 36 ()
      Helge Holen new president and CEO of Elkem

      Helge Holen (46) has been appointed president and CEO of Elkem AS and
      will take office on 21 December 2007. He succeeds John G Thuestad,
      who is due to become president of Alcoa's aluminium and alumina
      business in the USA on 1 January
      (Advertisement)
      2008.


      Mr Holen was with Elkem from 1993-98, when his posts included heading
      the divisions for ferrosilicon and for materials and business
      development. He will report to Dag J Opedal, group president and CEO
      of the Orkla group.

      Having taken an MSc in business economics at the Norwegian School of
      Economics and Business Administration in Bergen, Mr Holen also holds
      an MBA from Columbia University in the USA.

      Previous appointments include CEO of Hydro Polymers, head of
      consultancy activities at PricewaterhouseCoopers in Norway and CEO of
      Atlas-Stord in Denmark. Before 1993, he was a consultant with
      McKinsey & Co.
      Avatar
      schrieb am 28.11.07 09:19:10
      Beitrag Nr. 37 ()
      Orkla chairman Stein Erik Hagen increases stake in co to 22.9 pct vs 22.4 pct

      OSLO (Thomson Financial) - Orkla (Nachrichten) said its chairman, Stein Erik Hagen, and his close associates, have bought 5.05 mln shares at a price of 96.76 nkr to take their combined stake to 22.9 pct.

      Yesterday, the Norwegian conglomerate announced that Hagen had bought 3.18 mln shares at an average price of 97.96 nkr, giving him a stake of 22.4 pct.

      alastair.reed@thomson.com
      Avatar
      schrieb am 10.12.07 18:03:15
      Beitrag Nr. 38 ()
      10.12.2007 17:07
      SEB Enskilda to place 0.5-0.75 pct of Orkla shares for unnamed investor

      OSLO (Thomson Financial) - SEB (Nachrichten) Enskilda is to place between 5-7.5 mln shares in Orkla (Nachrichten) on behalf of an unnamed institutional investors, the Norwegian conglomerate said after the market close.

      'The amount of shares corresponds to up to 0.5-0.75 pct of the stock... (and) will be conducted through a book building process,' Orkla said.
      Avatar
      schrieb am 10.01.08 14:22:40
      Beitrag Nr. 39 ()
      heute mal wieder 1.000 Stk. nachgekauft...

      geschätzter durchschnittlicher Bewertungskurs der REC-Aktien: 50 NOK

      also noch viel Luft.

      KGV inzwischen wieder bei ca. 10.
      Avatar
      schrieb am 11.01.08 09:26:25
      Beitrag Nr. 40 ()
      Published: 08:37 11.01.2008 GMT+1 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Trade subject to notification - Scandinavian Property Development

      Orkla ASA bought yesterday 1,147,300 shares in Scandinavian Property Development. After this transaction Orkla owns 4,875,548 shares in Scandinavian Property Development, which represents 6.09 % of the share capital.
      Avatar
      schrieb am 18.01.08 19:25:41
      Beitrag Nr. 41 ()
      Antwort auf Beitrag Nr.: 33.006.315 von meinolf67 am 10.01.08 14:22:40Jetzt hats REC aber böse erwischt. Sind das alles Gewinnmitnahmen?
      Avatar
      schrieb am 20.01.08 11:56:39
      Beitrag Nr. 42 ()
      Orkla Foods and Orkla Brands to be consolidated into a single organisation

      The management and organisation of the Orkla Branded Consumer Goods business area are being consolidated.

      The new business area will be named Orkla Brands and will be organised into four business units, all to be headed by Executive Vice President Torkild Nordberg. Furthermore, Bente Brevik has been appointed Managing Director of Stabburet and Inger Johanne Solhaug Managing Director of Nidar. Both will also be members of the Orkla Group Management Team.

      In order to more closely align units with similar strategic and operational challenges and increase the possibilities of further developing individual companies, the present Orkla Foods will be split up into three business units: Orkla Foods Nordic, Orkla Food Ingredients and Orkla Brands International. Orkla Brands will retain its current structure, but will now be named Orkla Brands Nordic.

      The new management team at Orkla Brands will, besides Torkild Nordberg, consist of
      Atle Vidar Johansen (Orkla Foods Nordic), Jan Ove Rivenes (Orkla Brands Nordic), Jørn Unneberg (Orkla Food Ingredients), Paul Jordahl (Orkla Brands International), Harald Ullevoldsæter (Finance), Anders Berglie (Human Resources) and Håkon Mageli (Corporate Affairs).

      These changes will be formally implemented on 18 February 2008.

      The businesses in the new Orkla Brands reported sales of NOK 21.4 billion in 2006, and had a total of 15,450 employees as of November 2007.

      After this reorganisation, Orkla will comprise the following business areas: Orkla Brands, Orkla Aluminium Solutions, Orkla Materials, Orkla Associates and Orkla Financial Investments.
      Avatar
      schrieb am 22.01.08 01:09:10
      Beitrag Nr. 43 ()
      Wird so lasngsam richtig billig.

      Bei EUR 7,77 nur noch 25% Aufschlag auf den Buchwert.

      Stille Reserve bei Kurs von REC=125 NOK => etwa 1,8 Mrd. Euro
      Avatar
      schrieb am 25.01.08 19:36:39
      Beitrag Nr. 44 ()
      Antwort auf Beitrag Nr.: 33.124.368 von meinolf67 am 22.01.08 01:09:10Würde momentan weder Orkla noch REC ordern.

      Auch wenn die Daten gut aussehen, schätze ich das Risiko einer Immoblienkrise in Norwegen auf 25 bis 40 %. Dann käme es zu einem panikartigen Ausverkauf wie in diesem Monat v.a. bei REC gesehen.

      In Norwegen wurden viele Kredite mit 0 % Eigenkapital vergeben und da "feste Zinsen" a la Germany sehr wenig verbreitet sind, sollte man die Warnlampen nicht ignorieren. In den Zeitung liest man immer häufiger "weit unter Wert" oder "gar nicht" verkauft.

      Die norwegische Notenbank ist ausserdem sehr konservativ und belies diese Woche den Zinssatz auf hohem Niveau. 2008 werden zwei bis drei Zinsschritte nach oben erwartet - wäre auch sinnvoll.

      Ich bekomme wöchentlich Anrufe von Partnern, die panisch fragen "was wir (= deutsche Vertragspartner) machen, wenn die Rente (= also die Zinsen) erhöht wird".

      Will keine Panik machen, aber nur empfehlen etwas vorsichtig zu sein. Spekulative Werte wie REC und auch Orkla werden in Paniksituationen als Erstes abgestossen.
      Hinzukommt, dass Orkla Chef Hagen mit seiner Investmentgesellschaften Canicas und Tvist 5 (kontrollieren 23 % de r Aktien) eine undurchsichtige Doppelrolle einnimmt.

      Eine ähnliche Combo (John Fredriksen & Marine Harvest (MNHVF)) bekamen unter anderem aus diesen Gründen letztes Jahr gehörig Prügel.

      Ich habe jedenfalls vor dem Crash meine Positionen in Norwegen kräftig reduziert und setze aktuell nur noch Yara :) und Norsk Hydro (bekam ich bei der Fusion mit Statoil quasi geschenkt)
      Avatar
      schrieb am 04.02.08 08:56:46
      Beitrag Nr. 45 ()
      Antwort auf Beitrag Nr.: 33.172.979 von Loeffle am 25.01.08 19:36:39Vielen Dank für die Hintergrundinfo.

      Lebst du in Norwegen?

      Hinsichtlich der Aktien würde ich schätzen, dass der REC-Kurs inzwischen eher vom Weltmarkt als von Norwegen gemacht wird.

      Bei Orkla wäre ich mir da weniger sicher.

      Trotzdem halte ich sie unverändert für sehr stark aufgestellt:
      -Konsumgüter dürften auch in einer Rezession halbwegs laufen
      -Sapa/Alcoa ist (einer der) Weltmarktführer bei Profilen
      -ELKEM stellt mit dem m-SI eine Riesenchance da
      -und REC ist natürlich sehr stark

      Soweit ich mich aus dem Kopf erinnere, ist auch der Leverage bei Orkla überschaubar.

      Worin siehst Du die "undurchsichtige Doppelrolle" von Stein-Erik Hagen? Soweit ich es sehe, ist er größter Aktionär und Board-Chef. Nichts Unübliches, oder?

      Oder gibt's da mehr?

      Wie gesagt, vielen Dank für Deine Infos! Bitte noch mehr....
      Avatar
      schrieb am 05.02.08 10:18:04
      Beitrag Nr. 46 ()
      Published: 08:57 05.02.2008 GMT+1 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Sapa AB signs letter of intent to acquire Chinese extrusion company

      Sapa AB is owned approximately 54 % by Orkla ASA and is a part of Orkla Aluminium Solutions.

      Sapa AB has today on 5 February 2008 signed a Letter of intent to acquire the Chinese extrusion company Kam Kiu. Kam Kiu is one of Chinas largest extruders with more than 30 extrusion presses and value added activities in anodizing, painting and fabrication. Kam Kiu has a turn over of approx. SEK 1,375 million and has 2,100 employees. The company, which is located in Taishan in the Guandong province, has a strong export position with a growing focus on the Chinese market.

      "In 2007 Sapa joined forces with Alcoa to create the largest aluminium extrusion company in the world. By acquiring Kam Kiu, Sapa will get a strong foothold in China, the most expansive market in the world, and an excellent platform for serving the rest of the Asia region.", says Ole Enger, CEO of Sapa. "The Sapa Group has been present in China with its Heat Transfer business for 10 years, and has demonstrated a strong and profitable development. We have recently decided to double our Heat Transfer capacity in China. An acquisition of Kam Kiu Aluminium will establish Sapa as a major extrusion player in China as well. By adding Sapa's capabilities we have the opportunity to develop an extrusion operation that will give us a front position in this market", Ole Enger continues.

      The transaction is expected to close during 2nd quarter after a satisfactory due diligence and after approval by relevant Boards and authorities.
      Avatar
      schrieb am 05.02.08 15:23:04
      Beitrag Nr. 47 ()
      Published: 14:05 05.02.2008 GMT+1 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Trade subject to notification - Scandinavian Property Development

      Orkla ASA has acquired 957,732 shares in Scandinavian Property Development. After this transaction Orkla owns 8,954,880 shares in Scandinavian Property Development, which represents 11.19 % of the share capital.

      Orkla ASA
      Oslo, 5. February 2008
      Avatar
      schrieb am 06.02.08 13:22:18
      Beitrag Nr. 48 ()
      nochmal aufgestockt.
      Avatar
      schrieb am 14.02.08 08:43:17
      Beitrag Nr. 49 ()
      A good year financially, but weaker market conditions towards year-end

      Orkla's operating revenues totalled NOK 63.9 billion in 2007 (up from NOK 52.7 billion in 2006). EBITA ended at NOK 5.1 billion, on a par with 2006, while strong financial results caused pre-tax profit to reach NOK 10.1 billion (NOK 8.5 billion). Fourth quarter operating revenues totalled NOK 18.1 billion (NOK 14.6 billion), and EBITA was NOK 1.2 billion (NOK 1.7 billion).

      "Orkla considerably moved its positions forwards in 2007. The Group strengthened its position in the solar energy industry by increasing its shareholding in REC and investing in a new production plant for Elkem Solar. Through the merger of Sapa's and Alcoa's aluminium extrusion operations, the Group substantially reinforced its business platform in this sector. Orkla is well positioned for further growth," says Group President and CEO Dag J. Opedal.

      Earnings per share increased by 19 per cent to NOK 8.2, (in 2006 NOK 6.9 excluding the sale of the media business). Orkla pursues a dividend strategy based on a relatively stable increase in dividends, considering the Group's financial situation. In line with this strategy, the Board of Directors proposes to pay an ordinary dividend for 2007 of NOK 2.25 per share, which is an increase of 12.5 % compared with 2006.

      The 21 per cent increase in the Group's operating revenues for 2007 is largely ascribable to the merged extrusion business, where new business contributed approx. NOK 7.6 billion in the last seven months of 2007.

      Among the Group's other businesses, Borregaard's chemical business, Elkem's silicon business and Orkla Brands achieved satisfactory growth, while parts of Orkla Foods reported lower growth than their targets.

      Orkla's Financial Investments area also reported good value growth, achieving a return of 16.2 per cent for the year. It thereby outperformed both the Morgan Stanley Nordic Index and the Oslo Stock Exchange Benchmark Index, which had a return of 11.7 and 11.5 per cent, respectively.
      Avatar
      schrieb am 14.02.08 09:15:10
      Beitrag Nr. 50 ()
      Nachdem in der aktuellen Präsentation zu ELKEM SOLAR keines der Buzzwörter: "on plan", "on budget",.... mehr zu finden ist, habe ich mir mal einige ältere Dokumente angesehen.

      Daraus folgende Schlußfolgerungen:

      man ist nicht mehr "on-time"; jetzt heißt es "ramp-up in 2009" => ca. 3-6 Monate Verzögerung

      man ist nicht mehr "on-budget"; quantifizieren kann ich es nicht


      übrigens: auch hier ist Flour der EPC-Dienstleister...

      REC dürfte sich in guter Gesellschaft befinden.
      Avatar
      schrieb am 14.02.08 09:43:29
      Beitrag Nr. 51 ()
      14.02.2008 07:49
      Orkla Q4 misses consensus on currency hit, lower earnings from core ops UPDATE

      (Updates with additional detail)

      OSLO (Thomson Financial) - Orkla (News) posted fourth-quarter earnings below expectations, after suffering from a 1.1 bln nkr hit on sales related to the weakening of the US dollar, and weaker performances from the firm's branded goods and materials divisions.

      For the fourth quarter Norwegian conglomerate Orkla posted EBITDA of 1.219 bln nkr, down from 1.652 bln last year and below the 1.448 bln consensus forecast of analysts polled by TDN Finans.

      Pretax profits came in at 1.267 bln nkr, down from 2.965 bln last time, and below the 1.550 bln consensus forecast.

      Sales, meanwhile, came in at 18.135 bln nkr, up from the previous year's 14.580 bln but below the 18.615 bln figure forecast by analysts.

      'The Norwegian krone was significantly stronger in the fourth quarter than it was last year against both the USD and EUR-related currencies, resulting in a negative currency translation effect of 1.068 bln nkr on operating revenues,' Orkla said.

      At the EBITDA level, Orkla said currency translations had had a negative effect of 36 mln nkr.

      In terms of divisional performance, the firm said its 'Branded Goods' division had put in a weaker performance, after being hit by higher input prices 'and challenging markets for some of the units in Orkla Foods'.

      On top of this, Orkla said, its 'Materials' division reported a 264 mln drop in profits compared to the previous year, largely down to the expiry of power contracts and a 'significantly lower contribution' to profit from power trading at Elkem.

      alastair.reed@thomson.com
      Avatar
      schrieb am 27.02.08 14:36:24
      Beitrag Nr. 52 ()
      Published: 08:49 27.02.2008 GMT+1 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Trade subject to notification own shares


      Orkla ASA has on 26 February 2008 bought 875 000 Orkla shares through broker-houses at an average price of NOK 66.3 per share. Brokers have executed the transaction.

      Orkla's total holding of own shares after this transaction is 22 017 390


      Orkla ASA,
      Oslo, 27 February 2008
      Avatar
      schrieb am 27.03.08 15:17:33
      Beitrag Nr. 53 ()
      Trade subject to notification - Scandinavian Property Development

      Orkla ASA has acquired 2 220 100 shares in Scandinavian Property Development. After this transaction Orkla owns 13 266 585 shares in Scandinavian Property Development, which represents 16.58 % of the share capital.

      Orkla ASA,
      Oslo, 26 March 2008
      Avatar
      schrieb am 09.04.08 22:41:52
      Beitrag Nr. 54 ()
      Enclosed you will find a pdf-version of Orkla's Annual Report 2007.
      The Annual Report, both as pdf- and html-version, is also available on www.orkla.com.

      Printed version (hardback) of the Annual Report will be sent by post to all shareholders, investors, analysts, journalists and others who follow the company starting Monday 7 April.

      Orkla ASA
      Oslo, 3 April 2008
      Avatar
      schrieb am 11.04.08 12:03:18
      Beitrag Nr. 55 ()
      Published: 08:37 11.04.2008 GMT+2 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Trade subject to notification - Scandinavian Property Development

      On 10 April 2008, Orkla ASA acquired 5 242 708 shares in Scandinavian Property Development. After this transaction Orkla owns 21 239 293 shares in Scandinavian Property Development, which represents 26.54 % of the share capital.

      Orkla ASA,
      Oslo, 11 April 2008

      Contact:
      Lars Røsæg, Orkla Investor Relations, Tel: +47 2254 4426
      Avatar
      schrieb am 22.04.08 08:46:26
      Beitrag Nr. 56 ()
      Published: 08:43 22.04.2008 GMT+2 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Flagging - Proxies for annual general meeting 2008

      In connection with this year's ordinary annual general meeting, as at 22 April 2008, Stein Erik Hagen, chair of the Board of Directors in Orkla ASA, has been assigned voting rights based on proxies for 19.721.479 shares in Orkla ASA. The proxies apply exclusively to this year's ordinary annual general meeting in Orkla ASA. This entails that Stein Erik Hagen and closely related parties collectively hold a total of 25 per cent of the votes in Orkla, of which 1.9 per cent as voting rights based on proxies and 23.1 per cent through closely related party companies: Canica AS, Tvist 5 AS, Stein Erik Hagen AS, Fresje AS and Treschow-Fritzøe AS.
      Avatar
      schrieb am 22.04.08 08:55:49
      Beitrag Nr. 57 ()
      Published: 08:51 22.04.2008 GMT+2 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Release of first quarter results 2008

      Orkla will report first quarter results 2008 on Tuesday 6 May 2008 at 7.00 a.m.

      A presentation of the first quarter results will be held at 8.00 a.m. in Oslo (Vika Atrium, Munkedamsvn. 45). The presentation and Q&A session will be simultaneously translated to English. Both the presentation and the following Q&A-session can be viewed via WebCast at www.orkla.com. It will be possible to ask questions through web.
      For registration to the presentation at Vika Atrium please send an e-mail to info@orkla.no.
      Avatar
      schrieb am 23.04.08 19:08:10
      Beitrag Nr. 58 ()
      Published: 12:02 23.04.2008 GMT+2 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Trade subject to notification - Scan Arc


      Orkla ASA has acquired 600,000 shares in Scan Arc. After this transaction Orkla owns 2,060,000 shares in Scan Arc, which represents 6.35 % of the share capital.
      Avatar
      schrieb am 27.04.08 23:15:42
      Beitrag Nr. 59 ()
      Published: 08:32 25.04.2008 GMT+2 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Annual General Meeting 2008

      The Annual General Meeting of Orkla ASA was held on Thursday, 24 April 2008 in Oslo.
      All proposals on the agenda were adopted, cf. the notice of the Annual General Meeting that was sent to the Oslo Stock Exchange on 27 March 2008.

      The General Meeting approved the Board's proposal to distribute a dividend for 2007 of NOK 2.25 per share. The dividend will be paid on 7 May 2008 to shareholders of record as of the date of the Annual General Meeting. The Orkla share will be listed ex-dividend on the Oslo Stock Exchange from 25 April 2008.

      The General Meeting thereafter adopted the following resolution to reduce the company's share capital:
      "The General Meeting of Orkla ASA resolves to reduce share capital by NOK 9,375,000 from NOK 1,295,538,712.50 to NOK 1,286,163,712.50 by redeeming (cancelling) 7,500,000 shares owned by Orkla ASA. The number of shares in the company will be reduced from 1,036,430,970 to 1,028,930,970. The amount by which the share capital is reduced will be used to cancel the company's own shares."

      The General Meeting adopted a resolution to renew the authorisation of the Board of Directors to acquire the company's own shares:
      "The General Meeting of Orkla ASA hereby authorises the Board of Directors to permit the company to acquire shares in Orkla ASA with a nominal value of up to NOK 125,000,000 divided between a maximum of 100,000,000 shares, provided that the company's shareholding of own shares does not exceed 10 % of shares outstanding at any time. The amount that may be paid per share shall be no less than NOK 25 and no more than NOK 150. The Board of Directors shall have a free hand with respect to methods of acquisition and disposal of the company's own shares. This authorisation shall apply from 25 April 2008 until the date of the Annual General Meeting in 2009."

      Furthermore, the General Meeting adopted a resolution to renew the authorisation to increase share capital through new share subscription:
      "The Board of Directors is authorised to increase share capital through new share subscription with an aggregate nominal value of up to NOK 90,000,000, divided between a maximum of 72,000,000 shares, each with a nominal value of NOK 1.25. This authorisation may be used for one or more share issues. The Board of Directors may decide to deviate from the pre-emptive right of shareholders to subscribe for shares pursuant to section 10-4 of the Public Limited Liability Companies Act. The Board of Directors may decide that payment for the shares shall be effected in assets other than cash, or the right to subject the company to special obligations pursuant to section 10-2 of the Public Limited Liability Companies Act. If payment is made in assets other than cash, the Board may decide that such assets shall be transferred to a subsidiary in return for a corresponding settlement between the subsidiary and Orkla ASA. The authorisation also applies to mergers pursuant to section 13-5 of the Public Limited Liability Companies Act. This authorisation shall apply from 25 April 2008 until the date of the Annual General Meeting in 2009."

      The following persons were elected as members and deputy members of the Corporate Assembly for a period of one year:

      Members :
      Nils-Henrik Pettersson (re-elected)
      Gunn Wærsted (re-elected)
      Lars Windfeldt (re-elected)
      Anne Gudefin (re-elected)
      Olaug Svarva (re-elected)
      Dag Mejdell (re-elected)
      Marianne Blystad (re-elected)
      Nils Selte (new member)

      Deputy members:
      Benedikte Bjørn (re-elected)
      Ann Kristin Brautaset (re-elected)

      The following persons were elected as members of the Nomination Committee for a period of two years:
      Elisabeth Grieg (re-elected)
      Idar Kreutzer (re-elected)
      Leiv Askvig (re-elected)
      Olaug Svarva (re-elected)

      The chairman of the Nomination Committee was not up for election.

      Orkla ASA
      Oslo, 25 April 2008
      Avatar
      schrieb am 30.04.08 10:04:14
      Beitrag Nr. 60 ()
      Published: 08:23 30.04.2008 GMT+2 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Termination of put options in REC

      Reference is made to Orkla's stock exchange notice dated February 5th, 2007, in connection with Orkla's acquisition of app. 12.48% of the shares in Renewable Energy Corporation ASA (REC) from Good Energies Investments B.V. (GEI). At the same time, GEI sold app. 17.9% of the outstanding shares in REC to Q-Cells AG. In connection with these transactions, Orkla issued put options in favour of Q-Cells, and acquired certain rights with respect to Q-Cells' shares in REC, as described in the stock exchange notice.

      Orkla and Q-Cells have today entered into an agreement to terminate both the put options and Orkla's rights with respect to Q-Cells' shares in REC, with immediate effect. All parties' rights and obligations under the option agreement thereby cease to apply.
      The net value of the rights and obligations at 31 December 2007 was estimated at
      - NOK 67 million on Orkla's balance sheet.
      There is no capital expenditure incumbent upon any of the parties in connection with the termination of the agreements.

      Orkla ASA,
      Oslo 14 February 2008
      Avatar
      schrieb am 06.05.08 10:46:29
      Beitrag Nr. 61 ()
      Q1-Bericht ist da.

      Maue Zahlen, primär w-ELKEM.

      Anders als zuletzt redet man jetzt wieder von "on-Track" bei ELKEM-Solar und gibt etwas mehr Informationen raus.

      Seite 27+28 der Präsentation.
      Avatar
      schrieb am 06.05.08 10:47:25
      Beitrag Nr. 62 ()
      06.05.2008 07:29
      Orkla Q1 pretax misses consensus on energy trading losses, weaker aluminium ops

      OSLO (Thomson Financial) - Orkla ASA (News) posted first quarter EBITA in line with expectations, but profits fell significantly below expectations at the pretax level due to losses related to energy trading and continued weakness at its Elkem aluminium operations.

      For the first quarter, conglomerate Orkla posted EBITA of 1.062 billion Norwegian crowns, down from last year's 1.467 billion, but in line with the 1.065 billion consensus forecast of analysts polled by TDN Finans.

      Pretax profits, however, came in at 881 million crowns, down on the previous year's 3.51 billion and well shy of the 1.551 billion figure expected by analysts.

      'In Orkla Materials, Elkem posted considerably lower profit than last year,' the firm said.

      'This is primarily due to financial losses on energy trading in the first quarter of 2008, contrary to the high gain realised last year, and continued weak results from Elkem Aluminium.'

      alastair.reed@thomsonreuters.com
      Avatar
      schrieb am 06.05.08 11:04:30
      Beitrag Nr. 63 ()
      Offenbar hatte der Markt schlimmere Zahlen erwartet: +6%!
      Avatar
      schrieb am 21.05.08 10:17:34
      Beitrag Nr. 64 ()
      Published: 08:29 21.05.2008 GMT+2 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Trade subject to notification - Stein Erik Hagen

      Company closely associated with Stein Erik Hagen, Chairman of the Board of Orkla ASA, has on 20. May 2008 bought 300 000 shares in Orkla ASA at an average share price of NOK 76.90.

      After this transaction, Stein Erik Hagen and his close associates own 239,842,000 shares in Orkla ASA, corresponding to 23.1 % of outstanding shares in Orkla.



      Orkla ASA
      Oslo, 20. May 2008
      Avatar
      schrieb am 21.05.08 11:01:01
      Beitrag Nr. 65 ()
      Published: 10:40 21.05.2008 GMT+2 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Orkla ASA - Norwegian bond issue

      Orkla ASA is considering a bond issue in the Norwegian Bond Market through two new loans with 3 years and 3+1 years tenor - both issues will carry a floating interest rate.

      The funds will be used for general corporate purposes. DnB NOR Markets and Nordea Markets have been chosen as arrangers of the bond issues.


      For further information about the issue Jan Krogh-Vennemo in DnB NOR Markets (Tel +47 22 01 77 89) or Eivind Solheim in Nordea Markets (Tel +47 22 48 78 64) can be contacted.
      Avatar
      schrieb am 29.05.08 17:40:42
      Beitrag Nr. 66 ()
      Published: 14:54 28.05.2008 GMT+2 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Trade subject to notification - Peter Ruzicka


      Company closely associated with Peter Ruzicka, member of the Board of Orkla ASA, has today bought 100 000 shares in Orkla ASA at an average share price of NOK 72,45.

      After this transaction, Peter Ruzicka and his close associates own 400 000 shares in Orkla ASA.


      Orkla ASA
      Oslo, 28 May 2008
      Avatar
      schrieb am 29.05.08 17:57:50
      Beitrag Nr. 67 ()
      Published: 08:27 27.05.2008 GMT+2 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Trade subject to notification

      On 26 May 2008, in connection with Orkla`s option programme, 15 000 options were exercised at a strike price of NOK 40.47 per share.

      A total of 11 042 170 options in Orkla have currently been issued. Moreover, Orkla has an
      exposure through a cash-settled financial derivative of 1 400 000 underlying shares in the
      hedge-position related to the remaining 676 500 synthetic options of the cash bonus programme.

      Orkla holds 21 972 390 treasury shares.
      Avatar
      schrieb am 29.05.08 18:08:40
      Beitrag Nr. 68 ()
      Published: 08:29 26.05.2008 GMT+2 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Trade subject to notification - Åse Aulie Michelet

      Åse Aulie Michelet, member of the Board of Orkla ASA, has on 23 May 2008 bought 6 000 shares in Orkla ASA at an average share price of NOK 77.20.

      After this transaction, Åse Aulie Michelet and her close associates own 8 500 shares in Orkla ASA.

      Orkla ASA
      Oslo, 26 May 2008
      Avatar
      schrieb am 04.06.08 09:28:18
      Beitrag Nr. 69 ()
      Published: 08:48 04.06.2008 GMT+2 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Trade subject to notification - Scandinavian Property Development

      Orkla ASA, has on 3. June 2008 bought 2 201 907 shares in Scandinavian Property Development at an average share price of NOK 24.00.

      Morten Grongstad, Managing director in Orkla Eiendom, is a member of the Scandinavian Property Development board of directors.

      After this transaction, Orkla ASA owns 24 000 000 shares in Scandinavian Property Development, corresponding to 29.99 %.
      Avatar
      schrieb am 05.06.08 09:31:45
      Beitrag Nr. 70 ()
      Published: 09:03 05.06.2008 GMT+2 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Orkla ASA - Norwegian bond issue concluded

      Orkla ASA announced on 21 May a potential bond issue in the Norwegian market through new loans with 3 years and 3+1 years tenor.

      The bond issue has now been concluded and a total of NOK 1 billion was issued, of which NOK 200 million in a 3-year loan with floating interest rate, NOK 200 million in a loan with fixed interest rate and NOK 600 million in a loan with 3+1 year maturity and floating interest rate. A total of NOK 200 mill. is held in Orkla's treasury. DnB NOR Markets and Nordea Markets have been arrangers of the bond issue.
      Avatar
      schrieb am 18.06.08 19:06:06
      Beitrag Nr. 71 ()
      Published: 11:04 17.06.2008 GMT+2 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Orkla Brands sells Guseppe

      Orkla Brands is selling its shareholding in Guseppe. The company acquiring the shares is Dr. Oetker. Under the agreement, Dr. Oetker will take over 100 per cent of the shares in Guseppe.

      Guseppe produces frozen pizzas and frozen, ready-to-use products, primarily for the Czech and Slovak markets. The company has its production plant in Rokytnice in the Czech Republic. In 2007, the company had a turnover of CZK 241 million (NOK 70 million) and 178 employees.

      Orkla Brands took over the Czech company Guseppe in 1998. Since then, production, distribution and administration at Guseppe have been extensively reorganised, and the company's portfolio is now concentrated on a smaller number of more profitable products.

      "Nevertheless, we are not satisfied with our market position and financial performance on the Czech and the Slovak markets. We therefore believe that a new owner, who already has substantial operations in this category, will be able to develop the company," says Paul Jordahl, Managing Director of Orkla Brands International.

      The parties have agreed not to disclose the purchase price. They have the intention to complete the transaction within the next weeks.

      Dr. Oetker is an international company headquartered in Germany. The company is represented in Western and Eastern Europe, as well as in Canada and Brazil. Dr. Oetker sells frozen pizza in 26 countries and is also a major player in categories such as baking products and desserts.

      Orkla Brands International consists of SladCo and Krupskaya (Russia), Orkla Foods Romania, Guseppe (Czech Republic), Kotlin and Elbro (Poland), Felix Austria (Austria) and MTR Foods (India). Total operating revenues for Orkla Brands International were NOK 2,262 million in 2007, and at year-end it employed the equivalent of 6,047 man-years. Orkla Brands International is part of the Orkla Brands business area, which is a leading developer, marketer and supplier of strong, proprietary brands and concepts. In 2007, Orkla Brands had operating revenues of NOK 22,253 million and employed a workforce equivalent to 15,000 man-years.
      Avatar
      schrieb am 23.06.08 14:33:27
      Beitrag Nr. 72 ()
      Orkla "neutral," target price raised
      8:04a.m. - Kaupthing

      LONDON, June 23 (newratings.com) - Analyst Henrik Schultz of Kaupthing Bank maintains his "neutral" rating on Orkla AS (OKL). The target price has been raised from NOK68 to NOK69.

      In a research note published this morning, the analyst mentions that the net asset value (NAV) estimate for the company has been revised to NOK82 per share. Orkla’s stock now trades at a discount of 16% to the NAV, the analyst says. The valuation of the company’s individual assets is changing constantly, while that of the REC holding has risen by NOK1 billion since last week, Kaupthing Bank adds.
      Avatar
      schrieb am 25.06.08 09:37:20
      Beitrag Nr. 73 ()
      Published: 08:54 25.06.2008 GMT+2 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Corr*: Trade subject to notification

      On 24 June 2008, in connection with Orkla`s option programme, 15 000 options were exercised at a strike price of NOK 40.14* per share.

      A total of 11 027 170 options in Orkla have currently been issued. Moreover, Orkla has an
      exposure through a cash-settled financial derivative of 1 400 000 underlying shares in the
      hedge-position related to the remaining 676 500 synthetic options of the cash bonus programme.

      Orkla holds 21 957 390 treasury shares.

      Orkla ASA,
      Oslo, 25 June 2008
      Avatar
      schrieb am 27.06.08 11:49:12
      Beitrag Nr. 74 ()
      Orkla sells its 40% shareholding in Hjemmet Mortensen AS to Egmont

      Orkla has signed an agreement with Egmont to sell Orkla's shares in Hjemmet Mortensen AS for NOK 950 million.

      The agreement is subject to the approval of the relevant competition authorities.

      In January 2008, an arbitration tribunal ruled that Egmont is entitled to acquire Orkla's shares in Hjemmet Mortensen AS. The parties have reached an agreement whereby Egmont is to take over Orkla's 40% minority interest for NOK 950 million.

      In the second quarter, Orkla has received NOK 72 million in dividends from Hjemmet Mortensen AS for the 2007 financial year. The sale of the shares will allow Orkla to recognise a gain of over NOK 800 million, which will be presented under 'Associates' on Orkla's consolidated financial statements.

      Since its establishment in 1992, Hjemmet Mortensen AS has achieved strong growth in sales and profitability and is now Norway's leading group in the magazine sector. Hjemmet Mortensen AS has a competent organisation and strong market positions, and thus has the best possible platform for continued success.
      Avatar
      schrieb am 30.06.08 14:58:06
      Beitrag Nr. 75 ()
      Published: 13:12 30.06.2008 GMT+2 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Trade subject to notification - Tor Aamot



      Tor Aamot, SVP Human Resources in Orkla ASA, has on 30 June 2008 bought 5 000 shares in Orkla ASA at a price of NOK 64.50 per share.

      After this transaction, Tor Aamot and his close associates own 53 872 shares and 80 000 options in Orkla ASA.
      Avatar
      schrieb am 30.06.08 15:05:45
      Beitrag Nr. 76 ()
      Orkla "neutral," target price raised
      7:45a.m. - Kaupthing

      LONDON, June 30 (newratings.com) - Analyst Henrik Schultz of Kaupthing Bank maintains his "neutral" rating on Orkla AS (OKL). The target price has been raised from NOK69 to NOK70.

      In a research note published this morning, the analyst mentions that the company has recently sold-off a 40% stake in Hjemmet-Mortensen. The forward price estimate of aluminum has been raised from $2500 per MT to $3300 per MT. The trends in the equity markets are weak and the short-term profit outlook for Orkla is sluggish, the analyst adds. The adjusted EPS estimate for 2009 has been raised by 4%.
      Avatar
      schrieb am 03.07.08 11:15:30
      Beitrag Nr. 77 ()
      Published: 08:11 03.07.2008 GMT+2 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Trade subject to notification - Terje Andersen

      Terje Andersen, CFO in Orkla ASA, has on 2. July 2008 bought 10 000 shares in Orkla ASA at a price
      of NOK 65.02 per share.

      After this transaction, Terje Andersen and his close associates own 33 609 shares and 145 000 options
      in Orkla ASA.
      Avatar
      schrieb am 04.07.08 15:57:03
      Beitrag Nr. 78 ()
      Published: 12:22 04.07.2008 GMT+2 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Mandatory notification of trade - options

      President and CEO Dag J Opedal has increased his holding of Orkla shares by exercising options.

      On 4. July 2008, under its option programme for executive management, Orkla exercised 200,000 Orkla share options at a strike price of NOK 27.00.

      On the same day, Mr Opedal transferred 140,000 shares at a price of NOK 64.00 to Alcaran AS, a company under formation that will be wholly owned by Mr Opedal.

      The total number of options issued in Orkla shares is now 10,827,170. Orkla also has exposure through a cash-settled financial derivative of 1,400,000 underlying shares in the hedge position related to 676,500 synthetic options in the remaining part of the cash bonus programme.

      Orkla currently holds 21,757,390 own shares.

      Orkla ASA
      Oslo, 4 July 2008
      Avatar
      schrieb am 09.07.08 14:30:57
      Beitrag Nr. 79 ()
      Orkla "neutral," target price reduced
      4:54a.m. - Kaupthing

      LONDON, July 9 (newratings.com) - Analyst Henrik Schultz of Kaupthing Bank reiterates his "neutral" rating on Orkla AS (OKL). The target price has been reduced from NOK70 to NOK69.

      In a research note published yesterday, the analyst mentions that the company is likely to post weak 2Q results. Orkla’s Elkem Primary Aluminium and Energy businesses are expected to report weak results, with increased input prices and hedging contracts negatively impacting aluminium profits and reduced trading volumes and power prices exerting pressure on energy profits, the analyst adds. The company’s recurring EBITA is likely to decline 5% y/y in the quarter to NOK1131 million, Kaupthing Bank says.
      Avatar
      schrieb am 11.07.08 18:51:51
      Beitrag Nr. 80 ()
      Published: 15:51 11.07.2008 GMT+2 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Flagging - Tomra Systems ASA

      The share capital reduction approved by the General Meeting of Tomra Systems ASA on 23 April 2008, followed by a decision to cancel 9,670,139 of the company's own shares, was registered by the Register of Business Enterprises as having been carried out on 11 July 2008. Consequently, Orkla ASA's shareholding in Tomra ASA now exceeds 15 %. Orkla ASA owns 24,000,000 shares in Tomra Systems ASA, which is equivalent to 15.48 % of the share capital. The transaction does not entail any change in the number of shares owned by Orkla ASA in Tomra Systems ASA.
      Avatar
      schrieb am 14.08.08 11:38:58
      Beitrag Nr. 81 ()
      Published: 11:30 13.08.2008 GMT+2 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Trade subject to notification

      On 13 August 2008, in connection with Orkla`s option programme, 10 000 options in Orkla-shares were exercised at a strike price of NOK 27.20 per share.

      A total of 10 817 170 options in Orkla have currently been issued. Moreover, Orkla has an
      exposure through a cash-settled financial derivative of 1 400 000 underlying shares in the
      hedge-position related to the remaining 676 500 synthetic options of the cash bonus programme.

      Orkla holds 21 747 390 treasury shares.
      Avatar
      schrieb am 14.08.08 12:34:10
      Beitrag Nr. 82 ()
      Published: 06:57 13.08.2008 GMT+2 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Solid quarter in challenging operating conditions

      Orkla's second-quarter operating profit (EBITA)* ended at NOK 1,230 million, compared with NOK 1,194 million for the same quarter of 2007. Orkla Brands continued its positive profit trend, and Sapa delivered satisfactory profit despite declining volumes. The Share Portfolio outperformed the Nordic index, but delivered a negative return in a weak financial market.

      "We are satisfied with our profitability performance in the second quarter, and the Industry division reported good overall results. However, we expect future market conditions to remain challenging," says President and CEO Dag J. Opedal.

      Orkla's second-quarter operating revenues totalled NOK 17.6 billion, up from NOK 14.0 billion in 2007. A substantial part of the increase in the operating revenues (but also a lower operating margin) is ascribable to the merged aluminium profile business (Sapa/Alcoa).

      Orkla Brands, Sapa and Borregaard all posted satisfactory performances. Both Elkem Solar's construction project and the integration of Sapa's and Alcoa's profile businesses are on schedule.

      As expected, profit for the primary aluminium business was negatively impacted by the weak USD and hedge losses. Moreover, costs expensed for Elkem Solar's new plant were NOK 53 million higher than in the same quarter of last year.

      Second-quarter profit before tax amounted to NOK 2.5 billion (NOK 3.1 billion in 2007). Orkla signed an agreement with Egmont in the second quarter to sell the remainder of the Group's media business, i.e. its 40 per cent stake in Hjemmet Mortensen. This generated a book gain of NOK 830 million for Orkla in the second quarter. All in all, therefore, the sale of Orkla's media business has brought in approximately NOK 9 billion, and a gain of around NOK 5 billion.

      In a weak stock market, Orkla's Financial Investments division delivered a negative return of 8.3 per cent, compared with a negative return of 16.9 per cent for Morgan Stanley Nordic Index and a negative return of 5.6 per cent for the Oslo Stock Exchange Benchmark Index.


      *) Operating profit (EBITA): Before amortisation, restructuring and significant impairments
      Avatar
      schrieb am 15.08.08 09:27:15
      Beitrag Nr. 83 ()
      Published: 08:49 15.08.2008 GMT+2 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Options exercised and new options issued

      On 15 August 2008, in connection with Orkla`s option programme, 15 000 options in Orkla-shares were exercised at a strike price of NOK 40.14 per share.

      Also, according to the resolution adopted by the General Meeting on 24 April 2008, 35 000 options for executive management and key personnel have been issued today. The options have an exercise price of NOK 78.10 and a life of 6 years, and may be exercised in the last three years.

      Of the above mentioned, primary insider and Chief Risk Officer in Orkla, Jan Thomsen, has received 10 000 options. After this transaction, Thomsen and his close associates own 60 000 options and 30 828 shares in Orkla ASA.

      The total number of options issued is now 10 837 170. Orkla also has an exposure through a cash-settled financial derivative of 1 400 000 underlying shares in the hedge position related to 676 500 synthetic options in the remaining part of the cash bonus programme.

      Orkla owns 21 732 390 treasury shares.

      Orkla ASA
      Oslo, 15 August 2008
      Avatar
      schrieb am 20.08.08 10:43:42
      Beitrag Nr. 84 ()
      Published: 15:53 19.08.2008 GMT+2 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Trade subject to notification - Vizrt Ltd.

      Following the confirmation from Vizrt Ltd. of the issue of 3 000 000 new ordinary shares, Orkla ASA's shareholding in Vizrt Ltd. is now below 10 %.

      Orkla owns 6 280 248 shares in Vizrt Ltd., which represents 9.68 % of the share capital. The transaction does not entail any change in the number of shares owned by Orkla ASA in Vizrt Ltd.

      Orkla ASA,
      Oslo, 19 August 2008
      Avatar
      schrieb am 20.08.08 14:49:53
      Beitrag Nr. 85 ()
      Antwort auf Beitrag Nr.: 34.774.083 von meinolf67 am 20.08.08 10:43:42lustiges Timing...:

      20.08.2008 07:32
      Hugin Ad Hoc: Vizrt Ltd.

      Vizrt füllt den Auftragsbestand mit weiterem MAM-Deal

      Bergen, Norwegen, 20. August 2008, Vizrt Ltd. (News/Aktienkurs) (Frankfurt Prime Standard, Oslo Main List: VIZ)

      Vizrt gibt heute bekannt, dass es einen weiteren Vertrag für die Lieferung einer MAM-Lösung mit einem führenden deutschen Fernsehsender unterzeichnet hat. Das Ordervolumen beläuft sich auf rund 900.000 US-Dollar und verfügt über Erweiterungspotenzial. Die MAM-Lösung wird in den kommenden Quartalen ausgeliefert und gehörte noch nicht zum kürzlich veröffentlichten Auftragsbestand von 30 Mio. US-Dollar.

      Bjarne Berg, CEO von Vizrt, kommentierte: "Dies ist erneut ein wichtiger Erfolg für das MAM-Geschäft von Vizrt in Deutschland, einem für uns äußerst wichtigen Markt, wie auch der bereits veröffentlichte Zuschlag für das MAM-System der Deutschen Fußballliga belegt hat. Hierzulande haben wir mittlerweile fünf System installiert bzw. aktuell in der Auslieferung."

      Über Vizrt: Vizrt entwickelt innovative Produktionstechnologien für die Erstellung von Inhalten für digitale Medien. Die Bandbreite reicht von preisgekrönten 3D-Grafiken und -Karten bis zu integrierten Lösungen für die Bearbeitung von Videos. Mit unserer vom Konzept bis zur Multi-Format-Distribution reichenden Lösung liefern wir eine neue Dimension für die Erstellung und Lieferung von Inhalten.

      Mit unseren kontinuierlichen Innovationen und durch eine gehörige Portion Spaß entwickeln wir Software und Dienstleistungen, die kreative Grenzen verschieben und neue Wege in der Darstellung von Geschichten entstehen lassen.

      Vizrts Produkt-Suite wird von weltweit führenden Fernsehsendern eingesetzt, dazu gehören unter anderem: CNN, CBS, Fox, BBC, Sky, ITN, ZDF, Star TV, Network 18, TV Today, CCTV und NHK. Renommierte Produktionsgesellschaften und Unternehmen, darunter die New Yorker und die Londoner Börse, gehören ebenfalls zu den Nutzern von Vizrt Lösungen.

      Vizrt ist ein börsennotiertes Unternehmen, dessen Aktien im Prime Standard der Frankfurter Börse und an der Oslo Main List unter dem Symbol VIZ (ISIN: IL0010838154) notiert werden.
      Avatar
      schrieb am 27.08.08 11:34:49
      Beitrag Nr. 86 ()
      Orkla Brands sells Kotlin and Elbro

      Orkla Brands is selling its shares in Kotlin and Elbro to the Polish company Agros Nova.

      Orkla took over Kotlin with accounting effect in 1997 and Elbro in 2004. In the past few years, an extensive reorganisation process has been carried out, the number of man-years has been substantially reduced, and the companies' portfolio is now concentrated on a smaller number of more profitable products.

      "Nevertheless, we are not satisfied with the companies' market positions and financial performance in the Polish market. It is time for a new owner, who can help strengthen the companies' future possibilities in the Polish market," says Paul Jordahl, Managing Director of Orkla Brands International.

      The sale is subject to the approval of the Polish competition authorities.

      Kotlin manufactures and markets ketchup, tomato-based sauces, jams, ready meals, pizza
      and preserved vegetables. Elbro's main products are frozen dumplings/noodles and ravioli/pirogues. In 2007, the companies' consolidated sales totalled NOK 240 million (PLN 114 million). At the start of 2008, Kotlin and Elbro employed a workforce totalling 218 man-years.

      Agros Nova is a leading producer of jams, soups, juices and nectars and preserved vegetables in Poland. The company exports its products to 25 countries, the US and the UK being its biggest export markets.

      Orkla Brands International comprises SladCo and Krupskaya (both in Russia), Orkla Foods Romania, Kotlin and Elbro (Poland), Felix Austria (Austria) and MTR Foods (India). Sales for Orkla Brands International amounted to NOK 2,262 million in 2007, and at year-end it employed a workforce equivalent to 6,047 man-years. Orkla Brands International is part of the Orkla Brands business area, which is a leading developer, marketer and supplier of strong propriety brands and concepts. In 2007, Orkla Brands had operating revenues of NOK 22,253 million and employed a workforce equivalent to 15,000 man-years.
      Avatar
      schrieb am 04.09.08 17:10:56
      Beitrag Nr. 87 ()
      04.09.2008 16:08
      Orkla's Sapa scraps plan to buy Chinese firm

      OSLO, Sept 4 (Reuters) - Sapa AB (News), a unit of Norwegian food-to-metals conglomerate Orkla, (News) said on Thursday that it would not carry out a plan to acquire Chinese company Kam Kiu Aluminium as the parties could to agree on the terms.

      Sweden-based Sapa, which makes aluminium components, had signed a preliminary deal to buy Kam Kiu Aluminium in February, and carried out a seven-month due diligence review of the company.

      'In spite of this, unfortunately the parties involved have not succeeded in agreeing upon the terms required to complete the transaction,' Sapa said in statement.

      (Reporting by John Acher) Keywords: KAMKIUALUMINIUM ORKLA/

      tf.TFN-Europe_newsdesk@thomsonreuters.com
      Avatar
      schrieb am 15.10.08 09:35:07
      Beitrag Nr. 88 ()
      Published: 08:01 15.10.2008 GMT+2 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Trade subject to notification - Stein Erik Hagen

      Company closely associated with Stein Erik Hagen (Chairman of the Board of Orkla ASA), Treschow-Fritzøe AS, has on 14 October 2008 bought 100 000 shares in Orkla ASA at an average share price of NOK 52.00.

      At the same time, company closely associated with Stein Erik Hagen, Fresje AS, has bought 200 000 shares in Orkla ASA from Mille-Marie Treschow, a close associate with Stein Erik Hagen, at an average share price of NOK 52.00.

      After these transactions, Stein Erik Hagen and his close associates own 239,942,000 shares in Orkla ASA, corresponding to 23.2 % of outstanding shares in Orkla ASA.
      Avatar
      schrieb am 15.10.08 14:17:04
      Beitrag Nr. 89 ()
      ...sollte in diesen Zeiten ein Zeichen dr Stärke sein...:

      Published: 14:10 15.10.2008 GMT+2 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Bond - ORK 01 (2002/09)

      Orkla has decided to exercise its call option on the above mentioned bond. The outstanding amount of NOK 600 million will be redeemed in its entirety, at par, on 13.11.2008.

      Orkla ASA
      Oslo, 15 October 2008
      Avatar
      schrieb am 20.10.08 13:15:45
      Beitrag Nr. 90 ()
      Published: 12:47 20.10.2008 GMT+2 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Amortisation of own shares

      On 24 April 2008 the Annual General Meeting of Orkla adopted to reduce the company`s share capital by NOK 9,375,000 by redeeming (amortising) 7,500,000 of the shares owned by Orkla ASA.

      The amortisation (cancellation) of shares has now been carried out and the number of shares in the company has been reduced from 1,036,430,970 to 1,028,930,970. The share capital has been reduced from NOK 1,295,538,712.50 to NOK 1,286,163,712.50.

      Following this amortisation Orkla owns 14,177,390 own shares.


      Orkla ASA
      Oslo, 20 October 2008
      Avatar
      schrieb am 31.10.08 14:46:58
      Beitrag Nr. 91 ()
      Bitterfeld-Wolfen, 31. Oktober 2008 - Die Q-Cells SE (QCE; WKN 555866) bestätigt ihre
      Wachstumsprognose für das Jahr 2009. Das Unternehmen strebt für das kommende Jahr ein
      Produktionsvolumen von mehr als einem Gigawattpeak (GWp) an. Aufgrund der gesenkten
      Produktionsziele des Siliziumzulieferers Elkem Solar werden auch die vereinbarten Lieferungen an die
      Q-Cells SE nicht vollständig erfüllt werden können.



      Hier wären Einzelheiten interessant. Müssen wir auf den CC von Q-Cells warten oder meldet sich Orkla selbst?
      Avatar
      schrieb am 31.10.08 17:17:15
      Beitrag Nr. 92 ()
      Published: 06:56 31.10.2008 GMT+1 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Profit improvement for Orkla Brands - accounting writedowns in the Share Portfolio

      Orkla's operating profit (EBITA)1 for the third quarter ended at NOK 1,003 million, compared with NOK 1,232 million in the corresponding quarter of 2007. The difference is partly ascribable to weak results from energy trading and one-off costs related to the Kam Kiu acquisition, which was not completed. Orkla Brands continues its positive profit performance, while Sapa is feeling the effects of the decline in both the US and Europe. Weak financial markets are impacting negatively on Orkla's Financial Investments area.

      "Several of the Orkla businesses are experiencing an extraordinary market situation that will be countered with vigorous measures. These will include capacity drawdowns, workforce reductions and tight management of investments and working capital," states President and CEO Dag J. Opedal.

      "The financial markets are challenging, but Orkla has a solid balance sheet and a comfortable financing structure, where committed credit facilities more than cover loan instalments through the end of 2010. We also have a good cash flow from Orkla Brands and the energy business at Orkla Materials, which are less affected by the market turbulence. This gives the Group financial flexibility and manoeuvrability," says Opedal.

      Key figures Q3-08 (Q3-07) in NOK million:
      Operating revenues: 16 559 (17 795)
      EBITA: 1 003 (1 232)
      Profit before taxes: -955 (2 234)
      Earnings per share diluted (NOK): -1.2 (1.7)
      Cash flow from operations: 202 (1 313)

      As of Q3-08 (as of Q3-07):
      Net interest-bearing debt: 25 244 (16 969)
      Equity (%): 51.2 (57.6)
      Net gearing: 0.50 (0.32)

      1) Operating profit (EBITA): Before amortisation, restructuring and significant impairments



      THE THIRD QUARTER IN BRIEF
      # Orkla's operating profit (EBITA) for the third quarter came to NOK 1,003 million (NOK 1,232 million)1, whereas EBITA so far this year amounted to NOK 3,295 million (NOK 3,893 million)1.
      # Orkla Brands had a good quarter and the positive profit trend from the first and second quarters continued with a growth in EBITA of 19 % in the quarter. Year-to-date EBITA is 17 % better than last year.
      # The profit for Orkla Aluminium Solutions is affected by weak markets with a decline in volume of extrusions in both the USA and Europe. Heat Transfer and Building System had a satisfactory profit and has been less affected by the financial crisis and lower economic growth.
      # Orkla Materials had an EBITA in the third quarter that was NOK 78 million weaker than in the third quarter a year ago. Losses in energy trading and poor results in primary aluminium were only partly counteracted by continued high prices and profit growth for its silicon business.
      # Within Orkla Associates, REC had an increase in EBITDA in the third quarter of 11 % to NOK 711 million, while Jotun had an increase in EBITA of 15 % to NOK 807 million per the second four-month period.
      # So far in 2008, the Share Portfolio had a return of -27.6 % compared with -31.7 % for Morgan Stanley Nordic Index (Oslo Børs Benchmark Index -35.1 %). Orkla Financial Investments had a net book loss in the Share Portfolio of NOK -2,323 million (NOK 1,398 million)1 in the third quarter, of which accounting writedowns as a result of impairment losses in portfolio investments amounted to NOK 2,170 million. This is the main explanation why the Group's results before tax came to NOK -955 million in the third quarter (NOK 2,234 million)1.
      # The Group has a strong balance sheet with an equity ratio of 51.2 % and net gearing of 0.5. The Group also has a robust financing structure with long-term committed drawing facilities that more than adequately cover the refinancing needs for 2009 and 2010.

      THE GROUP
      Orkla's operating revenues came to NOK 16,559 million (NOK 17,795 million)1 in the third quarter. After correcting for the consolidation of four months of Alcoa's former extrusion operations effective in the third quarter of 2007, the operating revenues was at approximately the same level as last year. So far this year, the operating revenues has come to NOK 51,072 million (NOK 45,732 million)1. This growth is primarily due to the consolidation of Alcoa's former extrusion operations in Orkla Aluminium Solutions effective from 1 June 2007.

      Both Orkla Brands and Orkla Materials had an underlying2 growth in operating revenues during the quarter. Also in the third quarter, the Norwegian kroner was substantially stronger measured against USD than last year, whereas it was somewhat weaker measured against the Euro. Net currency translation effects lifted operating revenues by NOK 19 million during the quarter, whereas the effect at the close of the third quarter was NOK -1,328 million.

      The Group's EBITA for the third quarter came to NOK 1,003 million (NOK 1,232 million)1, whereas year-to-date EBITA amounted to NOK 3,295 million (NOK 3,893 million)1. Orkla Brands is relatively less exposed to the international financial crisis and lower economic growth, and this business also had very good profit growth in the third quarter. Among the remaining businesses, Sapa Profiles and Orkla Financial Investments in particular have been negatively affected by this crisis during the quarter, and these had EBITAs that were NOK 142 million and NOK 76 million lower respectively than in the same period last year. EBITA in Sapa Profiles were diminished by NOK -40 million in non-recurring costs related to the unrealised acquisition project Kam Kiu in China. Naturally, the profit/loss from financial power trading may fluctuate considerably, and even be negative at times. In the third quarter, EBITA from this power trading in Elkem came to NOK -44 million compared with a profit of NOK 76 million last year. Elkem Aluminium had a poor result caused by a weak USD and increased prices on input factors. In addition, a higher percentage of hedge contracts were realised at lower prices in the second half of 2008 than in the first half. There is still a good market for silicon and ferrosilicon metal, and the silicon business had profit growth of NOK 92 million during the quarter. Borregaard had a profit at the same level as last year, but also here it was noted that demand is declining in some market segments. Demanding markets and reduced activity for Orkla Finans caused that Orkla Financial Investments had EBITA in the third quarter that was NOK 76 million lower than a good third quarter in 2007. The Group's EBITA was negatively affected by currency translation effects of NOK -55 million so far this year, whereas the effects in the quarter have been positive with a gain of NOK 10 million.

      Orkla's stakes in REC (39.73 %) and Jotun (42.5 %) are presented according to the equity method on the line for associates. The contribution from associates to Group profit so far this year amounted to a total of NOK 1,905 million (NOK 843 million)1, whereas the contribution in the quarter came to NOK 573 million (NOK 197 million)1. Of this, the year-to-date contribution from REC to Orkla's profit amounted to NOK 776 million (NOK 610 million)1, of which NOK 496 million (NOK 123 million)1 was the contribution in the third quarter.

      At the close of the third quarter, the Share Portfolio had a return of -27.6 % compared with -31.7 % for the Morgan Stanley Nordic Index (-35.1 % for Oslo Børs Benchmark Index). Gross portfolio gains of NOK 38 million were realised in the quarter, but due to impairment charges of NOK -2,170 million under IFRS, net realised portfolio gains and changes in the fair value of associates amounted to NOK -2,323 million (NOK 1,398 million)1. Dividends received in the third quarter amounted to NOK 58 million (NOK 65 million)1.

      So far this year, Orkla's profit per share (diluted) was NOK 1.3. The key figure has been negatively affected by NOK -3.2 from impairment charges on portfolio investments. At the same time, there were high portfolio gains in 2007, which caused that the profit per share (diluted) in the same period last year amounted to NOK 7.1.

      The Group's overall tax charge is considerably affected by the Financial Investments division's share of the profit/loss before tax. The most substantial part of the profit/loss from the Financial Investments division is exempt from taxation. In 2008, the Financial Investments division had a large accounting loss, which will therefore not be deductible either. In such a case, the Group's tax charge will appear to be especially high and based on the situation after the third quarter a tax charge of about 40 % for the year in total is estimated.


      1) Figures in brackets are for the corresponding period in the previous year.
      2) Excluding acquisitions, divestments and currency translation effects.


      Orkla ASA
      Oslo, 31 October 2008
      Avatar
      schrieb am 31.10.08 17:28:47
      Beitrag Nr. 93 ()
      Antwort auf Beitrag Nr.: 35.777.890 von SLGramann am 31.10.08 14:46:58http://hugin.info/111/R/1265135/278291.pdf


      ...ab Seite 29 steht's.

      Zusammengefaßt:
      Sie sind SEHR langsam, dafür lassen Sie jetzt ein wenig ihr Haar herunter.

      Der wesentliche Unterschied zu TIM z.B. scheint zu sein, daß sie explizit auf ein unverschnittenes Produkt herauswollen.

      Auf jeden Fall ist die Hoffnung hier schon lange ohne Realisation geblieben. Ob's noch was wird?

      Isch han' kein Ahnung...
      Avatar
      schrieb am 01.11.08 09:25:55
      Beitrag Nr. 94 ()
      Antwort auf Beitrag Nr.: 35.779.652 von meinolf67 am 31.10.08 17:28:47
      Ich bin eigentlich ziemlich davon überzeugt, dass sie es schaffen werden. Ich verstehe die Präsentation so, dass das ramp up der Industriefertigung nun in Q1/2009 beginnen soll und größere Mengen erst ab Q4/2009 kommen sollen. Timminco hat definitiv 12 Monate Vorsprung, auch wenn ich mir vorstellen kann, dass sie im Q3 auf der Kostenseite enttäuscht haben. Interessant fand ich nämlich, dass Elkem den break even ebim EBIT(A) erst bei einer Produktionsmenge von 2.500 Tonnen bzw. 40% der Nominalkapazität erwartet.
      Avatar
      schrieb am 04.11.08 08:48:47
      Beitrag Nr. 95 ()
      Published: 08:15 04.11.2008 GMT+1 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Trade subject to notification - Hilde Myrberg

      Hilde Myrberg, EVP in Orkla ASA, has on 3 November 2008 bought 5 000 shares in Orkla ASA at a price of NOK 48.11 per share.

      After this transaction, Hilde Myrberg and her close associates own 10 378 shares and 115 000 options in Orkla ASA.
      Avatar
      schrieb am 05.11.08 13:19:18
      Beitrag Nr. 96 ()
      Published: 07:59 05.11.2008 GMT+1 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Orkla has received a draft of a decision in the tax case regarding realised convertible bonds in REC

      As mentioned in its annual reports for 2006 and 2007, Orkla has proceeded on the basis that the gain realised in 2006 on the option element of convertible bonds in Renewable Energy Corporation ASA (REC) is tax-free according to the exemption method. As disclosed in Note 21 in Orkla's annual report for 2007, the Central Tax Office for Large Enterprises (SfS) announced that it is considering changing the tax assessment for 2006 and imposing a 28 % tax on the entire gain. Orkla has now received a draft decision by the SfS whereby it maintains full taxation and assesses the value of each REC share at the date of conversion in early March 2006 at NOK 81.50.

      Orkla disagrees both with the cited basis for tax liability and with the assessed value indicated in the draft decision. Should a decision be made in line with the draft, Orkla will follow it up with an appeal or legal action.

      If a decision is made in line with the draft, however, Orkla will have to pay the amount of NOK 751 million and then appeal the decision. Based on previous indications from SfS, Orkla has already made an accounting provision in its financial statements in anticipation of a claim of tax liability (but based on a substantially lower valuation of the REC shares at the date of conversion). A decision in line with the draft will therefore entail that the accounting tax cost will increase by approximately NOK 500 million in the 2008 financial statements since the financial statements will be prepared and presented on the basis of SfS's decision even though Orkla disagrees with SfS's view.

      Orkla ASA
      Oslo, 5 November 2008
      Avatar
      schrieb am 25.11.08 12:26:56
      Beitrag Nr. 97 ()
      25.11.2008 11:05
      BRIEF-Orkla gets 145 mln euro loan for silicon plant

      OSLO, Nov 25 (Reuters) - Orkla ASA (News) said:

      * It has been granted a 145 million euro ($186.7 million) loan from the Nordic Investment Bank to finance a new factory in Norway for high-grade silicon for the solar industry.

      (Reporting by Wojciech Moskwa) ($1=.7767 Euro) Keywords: ORKLA/LOAN

      (wojciech.moskwa@reuters.com; +47 22 93 69 62; Reuters Messaging: wojciech.moskwa.reuters.com@reuters.net)
      Avatar
      schrieb am 25.11.08 14:12:31
      Beitrag Nr. 98 ()
      Antwort auf Beitrag Nr.: 36.059.478 von meinolf67 am 25.11.08 12:26:56
      Hi Meinolf,

      wie darf ich das verstehen? Ist das die bisher ja eher nebelhafte Elkem UMG Fab II?

      Denn Fab I steht ja fertig in der Landschaft und wird hoffentlich gerade "gerampupt"...

      Wenn es die II ist, dann scheint UMG bei Elkem jetzt wirklich ins Laufen zu kommen. Freut mich für Dich und freut mich für Q-Cells und für Mutter Erde. ;)
      Avatar
      schrieb am 08.12.08 18:40:09
      Beitrag Nr. 99 ()
      Published: 18:12 08.12.2008 GMT+1 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Trade subject to notification - options

      On 8 December 2008, 20 000 synthetic options were exercised at a strike price of NOK 20.51 per share.

      A total of 10 720 500 options in Orkla have currently been issued. Moreover, Orkla has an

      exposure through a cash-settled financial derivative of 1 400 000 underlying shares in the

      hedge-position related to the remaining 601 500 synthetic options of the cash bonus programme.

      Orkla holds 14 115 720 treasury shares.
      Avatar
      schrieb am 08.12.08 19:12:39
      Beitrag Nr. 100 ()
      Antwort auf Beitrag Nr.: 36.060.493 von SLGramann am 25.11.08 14:12:31Tja, weiß ich auch nicht.

      Wird bei Orkla auf der Webseite nur ganz verschämt erwähnt.

      Es gibt wohl noch eine weitere Meldung vom 3.12.08 von Eurofinance.

      Beim Versuch, einen free-trial einzurichten, bin ich aber gescheitert.
      Vielleicht gelingt es Dir?
      http://www.tradefinancemagazine.com/default.asp?Page=2&PUB=1…
      Avatar
      schrieb am 08.12.08 19:15:12
      Beitrag Nr. 101 ()
      Antwort auf Beitrag Nr.: 36.060.493 von SLGramann am 25.11.08 14:12:31auf Norwegisch (könnte auch doch die erste Fabrik sein):

      Publicerad 2008-11-25 13:27
      Orkla får miljardlån för solsatsning
      Nordiska investeringsbanken har beviljat ett tolvårigt lån på 145 miljoner euro (1,52 miljarder kronor) till den norska Orkla-koncernen för att hjälpa till att finansiera en ny solindustrisatsning i södra Norge.


      Pinga din blogg hos Twingly för att vi skall kunna hitta den.
      NIB-lånet går till en investering i en ny fabrik i Kristiansand i södra Norge, där Orklas dotterbolag Elkem Solar ska producera silikon till solcellsindustrin.

      Fabriken ska ha en kapacitet på 6.000 ton silikon per år.

      Enligt Hilde Kjelsberg, NIB:s kredit- och analyschef, ligger projektet helt i linje med investeringsbankens mål om att främja konkurrenskraften i ett medlemsland och samtidigt satsa på miljöteknik.

      Orkla-aktien, som tappat 62 procent av sitt börsvärde hittills i år, fick ingen större draghjälp av lånet.

      Vid lunchtid på tisdagen — samtidigt som Oslobörsens generalindex hade stigit med 1,7 procent — hade aktien backat 2,6 procent till 39:45 norska kronor, vilket kan jämförs med en nivå kring 70 norska kronor per aktie inför det att finanskrisen fördjupades i september.

      NIB låg tidigare i år bakom ett lån på 160 miljoner euro till danska Dong Energy för att finansiera världens största vindkraftpark i den danska delen av Nordsjön.
      Avatar
      schrieb am 10.12.08 18:27:37
      Beitrag Nr. 102 ()
      Published: 15:22 10.12.2008 GMT+1 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Trade subject to notification - Stein Erik Hagen

      On 10 December 2008, Canica AS, a company related to Orkla Board Chairman Stein Erik Hagen, transferred 16,000,000 shares in Orkla ASA as a contribution in kind to Canica Investor AS, another company related to Stein Erik Hagen. The transaction was effected at a share price of NOK 41.25.

      This transaction entails no change in the shareholding owned by Stein Erik Hagen and related parties in Orkla ASA, which totals 239,942,000 shares in Orkla ASA, equivalent to 23.3 % of shares outstanding.

      Orkla ASA
      Oslo, 10 December 2008
      Avatar
      schrieb am 29.12.08 09:31:43
      Beitrag Nr. 103 ()
      23.12.2008 15:44
      Alcoa und ORKLA ASA vereinbaren Tausch von Kapitalbeteiligungen

      Alcoa (News/Aktienkurs) (NYSE:AA) gab heute eine Vereinbarung mit ORKLA ASA (News) (Orkla) über den Tausch ihrer Kapitalbeteiligungen an einer norwegischen Aluminiumhütte und einem schwedischen Strangpressunternehmen bekannt, um das jeweilige Know-how und die Vorgehensweisen nach „Best Practice” weiter optimieren zu können. Alcoa erhält einen 50-Prozentanteil von Orkla an Elkem Aluminum ANS. Im Gegenzug erhält Orkla einen 45-Prozent-Anteil an dem Strangpressunternehmen SAPA. Das Tauschgeschäft hat einen Gesamtwert von 3,7 Milliarden US-Dollar und soll im ersten Quartal 2009 abgeschlossen werden.

      Elkem Aluminum gehört künftig zu 100 Prozent zu Alcoa. Das Geschäft umfasst Aluminiumhütten in Lista und Mosjoen (Norwegen) mit einer Gesamtjahresproduktion von 282.000 Tonnen und die Beteiligung von Elkem an der kürzlich in Betrieb genommenen Anodenfabrik in Mosjoen. Alcoa war bereits zuvor im Besitz eines 82-Prozentanteils an dieser Fabrikationsanlage.

      Die Zusammenlegung dieser Vermögenswerte vergrößert die weltweite Produktion von Alcoa auf nunmehr 4,7 Millionen Tonnen. Damit wird der Konzern zum größten Aluminiumhersteller der Welt.

      „Diese Transaktion ist ein weiterer bedeutender Schritt im Rahmen unserer strategischen Maßnahmen zur Stärkung des Schmelzhütten- und Anodengeschäfts von Alcoa und für den Ausstieg des Unternehmens aus dem Strangpressgeschäft”, so Klaus Kleinfeld. „Wir erhalten Die Kontrolle über Geschäftsbereiche in denen wir anerkanntermaßen eine globale Führungsrolle einnehmen - zwei Schmelzhütten mit langfristigen 'Clean Power'-Verträgen und eine Anodenfabrikationsanlage, der eine wichtige Rolle bei der Ausweitung unserer Präsenz in Europa und Island zukommen wird. Dieser Tausch ist sowohl für Alcoa als auch für Orkla von strategischer Bedeutung und ist für beide Unternehmen mit großen finanziellen Vorteilen verbunden.”

      Das Unternehmen SAPA Profiles, das durch die Transaktion zu 100% in den Besitz von Orkla übergehen wird, ist ein führender unabhängiger Hersteller von Aluminiumstrangpressprodukten und an umfassenden Veredelungsvorgängen beteiligt. Hierzu zählen Oberflächenbehandlungen, hydrostatisches Ziehen, Reibrührschweißen und CNC-Bearbeitungen. Die Produktionsanlagen befinden sich in 15 europäischen Ländern, in den Vereinigten Staaten und in China. Das SAPA Jointventure wurde im Juli 2007 initiiert, als das Unternehmen Alcoa seinen Unternehmensbereich „Weichlegierungen" mit dem „SAPA Unternehmensbereich" von Orkla vereinigte. Aluminiumstrangpressprodukte werden für Konstruktionslösungen in nahezu allen Bereichen eingesetzt.

      Die beiden Parteien werden weiterhin gemeinsame Inhaber an der von Alcoa und Elkem entwickelten karbothermischen Verfahrenstechnologie bleiben, die sich momentan noch in der Forschungs- und Entwicklungsphase befindet. Das karbothermische Verfahren ist eine neue Technologie, die niedrigere Produktionskosten für Aluminium zur Folge haben könnte, da dieses Verfahren mit geringeren Verarbeitungskosten, einem niedrigeren Energiebedarf und geringeren Emissionen sowie geringeren Investitionskosten als bei herkömmlichen Schmelzverfahren verbunden ist. Die Technologie verspricht auch signifikante Kostenvorteile bei der Herstellung anderer Metalle.

      Alcoa erwartet im Verlauf des vierten Quartals 2008 außerplanmäßige Abschreibungen in Zusammenhang mit dem Austausch der Beteiligungen für das „Extrusions-Jointventure” und wird gemeinsam mit seinem Beraterstab eine detaillierte Analyse erstellen.
      Avatar
      schrieb am 29.12.08 12:00:26
      Beitrag Nr. 104 ()
      Published: 11:16 29.12.2008 GMT+1 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Disclosure requirement - Vizrt Ltd

      Orkla ASA has today acquired 24 000 shares in Vizrt Ltd. After this transaction Orkla owns 10 % of the share capital.

      Orkla ASA,
      Oslo, 29 December 2008
      Avatar
      schrieb am 29.12.08 13:01:45
      Beitrag Nr. 105 ()
      Published: 06:59 23.12.2008 GMT+1 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Orkla to own 100 % of the world's largest company in the field of processed aluminium solutions

      - Orkla and Alcoa implement a structural solution

      On 22 December, Orkla and Alcoa concluded an agreement on the exchange of assets in two jointly-owned companies. Orkla is taking over Alcoa's 45.45 % equity interest in Sapa Profiles, making it 100 % owner. At the same time, Alcoa is taking over Orkla's 50 % equity interest in the aluminium smelting company Elkem Aluminium, making it wholly owned by Alcoa.

      "Orkla has a number of exciting development opportunities, at the same time we need to set priorities within the portfolio of businesses. Orkla recognises significant value creation potential within the Sapa structure once economic trends return to normal. The exchange transaction converts two partially-owned positions into one wholly-owned position, giving greater strategic control and facilitating a simplification in Orkla's structure," states Orkla's President and CEO Dag J. Opedal.

      "Elkem Aluminium has been an important part of Elkem's development. The company consists of two well-run works in Mosjøen and on Lista, but its operations are limited to Norway. Alcoa has been Elkem's partner, owning 50 % of the works for nearly 50 years. Alcoa, one of the world's leading aluminium manufacturers, is highly well qualified for further developing Elkem Aluminium. At the same time, we are pleased that cooperation between Alcoa and Elkem will continue within defined areas of energy and technology", remarks Opedal.

      The two stakes are assessed equally on a debt-free basis, and the transaction will have no significant cash flow-related effects for Orkla. It is expected that the transaction will be concluded in the first quarter of 2009 and that Orkla will earn a small gain for accounting purposes. The agreement requires the approval of Orkla's Corporate Assembly and from the relevant authorities.

      "In demanding times such as these, it is important to have an owner with a long-term business perspective. Through Orkla's ownership, Sapa will have the steering and stability to implement the established strategy, focusing on developing up differentiated solutions for its customers. The objective of a 15-20 % return on capital during an economic cycle stands firm, despite the fact that the global markets are currently very weak," says Ole Enger, President and CEO of Sapa.

      The building/construction and the automotive industries are among the largest purchasers of aluminium products. As a result of the global credit crunch, end-user demand has dropped steeply, and both Elkem Aluminium and Sapa Profiles are seeing a negative profit trend during the current quarter.

      Consequently, Sapa Profiles has reduced production significantly by temporarily stopping operations at most factories for a period of time through December and into January. It is estimated that the Sapa Group will post an underlying EBITA result of about -NOK 150 million in Q4 and approx. +NOK 650 million for 2008 as a whole. Owing to a significant decline in aluminium prices, over and above this, the Sapa Group will take write-downs for accounting purposes on the value of its stock, estimated at NOK 300-400 million.

      Sapa has downsized its workforce by 15 % (1800 man-years) in 2008. Further structural measures and downsizing will be carried out in 2009. It is also expected that a provision of about NOK 200 million for new restructuring measures will be recognised in Q4.

      Elkem Aluminium will be defined as a discontinued operation in Orkla's annual financial statements for 2008. Thus the figures on the income statement from Elkem Aluminium will be extracted from Orkla's ordinary profit, and the net profit performance will be presented on a separate line as discontinued operations. Historical comparative figures for 2006 and 2007 will be adjusted accordingly.

      Oslo, 23 December 2008,
      Orkla ASA
      Avatar
      schrieb am 29.12.08 13:02:59
      Beitrag Nr. 106 ()
      Published: 17:11 22.12.2008 GMT+1 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Disclosure requirement - Camillo Eitzen & Co ASA

      Orkla ASA has today acquired 46 000 shares in Camillo Eitzen & Co ASA. After this transaction Orkla owns 2 157 800 shares in the company, which represents 5.03 % of the share capital.

      Orkla ASA,
      Oslo, 22 December 2008
      Avatar
      schrieb am 29.12.08 13:04:14
      Beitrag Nr. 107 ()
      Published: 08:41 22.12.2008 GMT+1 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Orkla has received a decision in the tax case regarding realised convertible bonds in REC

      Reference is made to the notice to the Oslo Stock Exchange on 5 November 2008 regarding realised convertible bonds in REC. Orkla has now received the decision by the Tax Office for Large Enterprises (SfS), in line with the draft, whereby SfS maintains full taxation and assesses the value of each REC share at the date of conversion in early March 2006 at NOK 81.50.

      Orkla disagrees both with the cited basis for tax liability and with the assessed value, and will follow it up with an appeal or legal action.

      Orkla ASA
      Oslo, 22 December 2008
      Avatar
      schrieb am 30.12.08 11:41:19
      Beitrag Nr. 108 ()
      zum Jahresabschluß:

      Published: 11:04 30.12.2008 GMT+1 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Start-up is underway at Elkem Solar

      The construction project has been completed mechanically, and the start-up programme has been launched. All of the subprocesses are now being run separately as part of the testing programme. Deliveries to customers will be made on an ongoing basis, and one shipment has already been prepared. As the individual subprocesses become stable, the subprocesses will gradually be linked together, and the work to optimise the flow of materials throughout the entire factory will start. Ramp-up of production will proceed throughout 2009 in accordance with the goals communicated earlier.

      Orkla ASA,
      Oslo, 30 December 2008
      Avatar
      schrieb am 17.02.09 11:18:55
      Beitrag Nr. 109 ()
      Published: 15:24 16.02.2009 GMT+1 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Disclosure requirement - Ekornes

      Orkla ASA has today acquired 303 750 shares in Ekornes ASA. After this transaction Orkla owns 5.14 % of the share capital.

      Orkla ASA,
      Oslo, 16 February 2009
      Avatar
      schrieb am 19.02.09 09:50:33
      Beitrag Nr. 110 ()
      Published: 06:55 19.02.2009 GMT+1 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Strategic positions strengthened - profit affected by accounting write-downs

      Orkla's operating revenues totalled NOK 65.6 billion in 2008 (up from NOK 61.4 billion in 2007). Operating profit (EBITA) ended at NOK 4.2 billion (NOK 4.8 billion ), while pre-tax profit amounted to NOK -2.0 billion (NOK +9.8 billion), mainly due to accounting write-downs on the Share Portfolio. Fourth-quarter operating revenues amounted to NOK 16.5 billion (NOK 17.5 billion), and EBITA was NOK 998 million (NOK 1.2 billion).

      In line with Orkla's dividend strategy, the Board of Directors proposes an ordinary dividend of NOK 2.25 per share for 2008, the same amount as the year before.

      "At the start of 2009 the economic operating parameters are very weak. The international financial crisis is exacerbating a global slowdown in the real economy. Orkla companies will be affected by lower economic growth to varying degrees, and will respond to these challenges with appropriate countermeasures. Vigorous steps have been taken in the business areas to adapt cost bases and production capacity to lower demand and reduced volume growth," says President and CEO Dag J. Opedal.

      Particular attention will be focused on ensuring a satisfactory cash flow. This will entail strict management of use of capital within the Group and higher ambitions with regard to cost productivity.

      "Orkla is well equipped to meet these challenges. The companies in the Group have solid market positions, and refinancing needs are limited in 2009 and 2010," says Mr Opedal.

      In 2008 active strategic moves were carried out that are advancing Orkla's positions or involve restructuring. Orkla is taking over Alcoa's ownership interest in Sapa Profiles, thereby becoming sole owner, while Alcoa is taking over Orkla's stake in Elkem Aluminium. This swap will simplify the structure of the Orkla Group and give it strategic control of Sapa.

      REC continued to upgrade its facilities in terms of both technology and capacity. Elkem Solar's factory in Kristiansand was mechanically completed and production will start up in the course of 2009.

      Orkla sold its interest in Hjemmet Mortensen, thereby concluding its involvement in the printed media sector. A decision was made to close down Borregaard's cellulose business in Switzerland. Orkla Brands' operations in Eastern Europe were restructured.

      Key figures Q4-08 (Q4-07) in NOK million:
      Operating revenues: 16 492 (17 514)
      EBITA: 998 (1 206)
      Profit before taxes: -4 375 (1 249)
      Earnings per share diluted (NOK): -4.1 (1.1)
      Cash flow from operations: 1 246 (1 243)

      As of Q4-08 (as of Q4-07):
      Net interest-bearing debt: 27 424 (16 178)
      Equity (%): 47.7 (58.3)
      Net gearing: 0.55 (0.29)

      Fourth Quarter in Brief
      - Orkla's adjusted EBITA1 came to NOK 998 million (NOK 1,206 million)2 in the fourth quarter.

      - Orkla Brands had another good quarter with a profit growth of about 16 %.

      - As expected, weak markets and a rapid decline in demand gave a poor result for Orkla Aluminium Solutions in the fourth quarter.

      - In Orkla Materials, the energy businesses had a high level of production and profit growth in the fourth quarter. This was offset by weaker markets near the end of the year for both the chemicals business in Borregaard and the silicon business in Elkem. Elkem Solar's factory has been mechanically completed and the start-up programme has begun.

      - Orkla has initiated strong measures to counteract the real effects of the financial crisis. Borregaard's cellulose plant in Switzerland has been closed down. In Orkla Aluminium Solutions, the production capacity has been significantly reduced and the workforce has been reduced by about 2,000 man-years in 2008, equivalent to a 15 % reduction. In addition, measures have been introduced to free up working capital and strict control of investments. As a result of these measures, write-downs and provisions for restructuring amounting to NOK 1,620 million were carried out in the fourth quarter.

      - The contribution from Orkla Associates to Group profit amounted to NOK 284 million in the fourth quarter compared with NOK 5 million last year. REC had an increase in EBITDA of 10 %, whereas demanding markets diminished growth for Jotun towards the end of 2008.

      - The weak trend in the stock markets continued in the fourth quarter, and the Share Portfolio had a return of -45.3 % (-46.0 % for the Morgan Stanley Nordic Index) in 2008. Substantial write-downs entail a loss on portfolio investments of NOK 3,537 million for the quarter.

      - After accounting write-downs and provisions for restructuring totalling NOK 4,839 million, the profit/loss before tax in the fourth quarter came to NOK -4,375 million (NOK 1,249 million)2.

      - Initiated measures contributed to reduced working capital in the fourth quarter and cash flow from operating activities in the industrial operations amounted to NOK 1,246 million. The equity ratio at year-end was 47.7 %, while net gearing was 0.55.

      - Orkla entered into an agreement in the quarter with Alcoa, where Orkla acquires Alcoa's shares in Sapa Profiles in exchange for Orkla's stake in Elkem Aluminium. As a result of this agreement, Elkem Aluminium is reported as discontinued operations.

      The Group
      Orkla's operating revenue came to NOK 16,492 million (NOK 17,514 million)2 in the fourth quarter. The decline is explained by a weaker market trend for Orkla Aluminium Solutions and some of the operations in Orkla Materials. After having been relatively strong in the first part of 2008, the Norwegian krone weakened relative to the USD and EUR in the fourth quarter. Currency translation effects for the Group in the fourth quarter amounted to NOK 1,367 million, whereas the translation effects for the whole year came to NOK 39 million.

      The Group's EBITA1 in the fourth quarter was NOK 998 million (NOK 1,206 million)2, and for the whole of 2008 EBITA1 was NOK 4,240 million (NOK 4,825 million)2. The financial crisis has varying effects on Orkla's Business Areas. Orkla Brands had good profit growth in the fourth quarter as well, despite increased costs for purchasing in EUR and USD. At the same time, the energy businesses in both Elkem and Borregaard had a good trend as a result of increased production and high power prices. High prices at the start of the fourth quarter enabled Elkem's silicon-related operations to achieve profit growth corrected for higher recognised costs at Elkem Solar. Throughout 2008, Orkla Aluminium Solutions worked to adapt its operations to weaker markets in both the USA and Europe. The trend was especially weak in December, and in the fourth quarter the operations had a negative EBITA1 of NOK -102 million (NOK 205 million)2. Weakened market conditions also resulted in a decline for Borregaard's chemicals business, at the same time as low activity resulted in poor results for Orkla Finans. Currency translation effects in the quarter amounted to NOK 81 million, while the translation effects for the whole year amounted to NOK 26 million.

      The income statement in the fourth quarter is charged with provisions for restructuring and significant impairments, plus write-downs of metal inventory in Orkla Aluminium Solutions. Altogether, this amounts to NOK -1,620 million. The biggest items are associated with the advertised closing of Borregaard's plant in Switzerland, which amounted to NOK -527 million, write-down of goodwill in SladCo amounting to NOK -547 million and NOK -188 million in provisions for restructuring in Orkla Aluminium Solutions. The situation at year-end 2008 has been characterised by uncertainty with regard to the trend in both demand and prices. The stock of aluminium utilised in end products not expected to be sold at normal conditions has been written down to replacement cost. The write-down of NOK -372 million is classified on a separate line in the financial statement. Of the total cost associated with restructuring and write-downs in the fourth quarter, the cash flow effect is about NOK -300 million, of which about NOK -100 million was paid out in the quarter.

      On 22 December 2008, Orkla and Alcoa entered into an agreement to exchange stakes in jointly owned companies, where Orkla is to acquire Alcoa's 45.45 % stake in Sapa Profiles, while Alcoa is to acquire Orkla's 50 % stake in Elkem Aluminium. The accounting figures for Elkem Aluminium for 2008 and 2007 are presented on separate lines in the income statement and balance sheet as discontinued operations.

      Orkla's stakes in REC (39.73 %) and Jotun (42.5 %) are presented according to the equity method on the line for associates. Orkla's contribution to Group profit from REC came to NOK 441 million (NOK -3 million)2 in the fourth quarter and NOK 1,217 million (NOK 607 million)2 for the year in its entirety. In the fourth quarter 2007 the contribution to Group profit from REC was negatively affected by the full-year effect of changes in accounting principles related to recognised costs of built-in derivatives in sales contracts in USD. The contribution to Group profit from Jotun in 2008 came to NOK 253 million (NOK 209 million)2.

      Accounting loss for portfolio investments came to NOK -3,537 million (profit of NOK 337 million)2 in the fourth quarter. Realised loss amounted to NOK -264 million, whereas the portfolio write-down was NOK -3,219 million. At year-end, the market value of the Share Portfolio was NOK 11,426 million, and unrealised gains amounted to NOK 847 million. In 2008, the Share Portfolio had a return of -45.3 % compared with the Morgan Stanley Nordic Index (-46.0 %) and the Oslo Børs Benchmark Index (-54.1 %).

      Orkla's profit per share (diluted) was NOK -2.8 in 2008 compared with NOK 8.1 in 2007. Accounting write-downs and provisions for restructuring amounted to a total of NOK -8.0 per share in 2008.

      Orkla Financial Investments' investment activity in the EEA is primarily exempt from taxation, whereas industrial operations are charged ordinary corporation tax in the countries where the operations are located. Accounting loss for Orkla Financial Investments in 2008 can therefore not be offset against profit from industrial operations in the tax calculation. This, together with a decision received from the Central Office - Taxation of Large-Sized Companies to change the assessment for 2006 related to the conversion of two convertible bond issues in REC in May 2006, helps explain the tax expenses for the year. The authorities above-mentioned tax claim of NOK 750 million is partly offset by a reversal of previous tax provisions in the Group. Orkla disagrees with both the indicated basis for tax liability and the valuation that is derived from the decision, and the Group will take legal steps to follow up the decision.

      The Board of Directors proposes an ordinary dividend of NOK 2.25 per share for 2008, the same amount as for the 2007 accounting year.

      1) Before amortisation, write-downs on Sapa Profiles' inventories and restructuring and significant impairment charges
      2) Figures in brackets are for the corresponding period of the previous year

      Orkla ASA
      Oslo, 19th. february 2009

      Ref.:

      CFO
      Terje Andersen
      Tel.: +47-2254 4419
      Avatar
      schrieb am 19.02.09 10:13:07
      Beitrag Nr. 111 ()
      Antwort auf Beitrag Nr.: 36.608.829 von meinolf67 am 19.02.09 09:50:33Autsch!

      Das Aktiendepot tut schon weh...
      Avatar
      schrieb am 26.02.09 12:28:37
      Beitrag Nr. 112 ()
      Published: 12:24 26.02.2009 GMT+1 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Disclosure requirement - Mamut ASA

      Orkla ASA has today acquired 350 000 shares in Mamut ASA. After this transaction Orkla owns 3 283 788 shares in Mamut ASA, which represents 5.52 % of the share capital.

      Orkla ASA,
      Oslo, 26 February 2009
      Avatar
      schrieb am 05.05.09 08:28:36
      Beitrag Nr. 113 ()
      Published: 08:22 05.05.2009 GMT+2 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Release of first quarter results 2009

      Orkla will report first quarter results 2009 on Wednesday 6 May 2009 at 7.00 a.m. CET.

      A presentation of the first quarter results will be held at 8.00 a.m. in Oslo (Vika Atrium, Munkedamsvn. 45). The presentation and Q&A-session will be simultaneously translated to English. Both the presentation and the following Q&A-session can be viewed via WebCast at www.orkla.com. It will be possible to ask questions through web.


      Orkla ASA

      Oslo, 5 May 2009
      Avatar
      schrieb am 05.05.09 15:29:34
      Beitrag Nr. 114 ()
      Published: 15:19 05.05.2009 GMT+2 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Disclosure requirement - Kongsberg Automotive ASA

      Orkla ASA has today sold 136 000 shares in Kongsberg Automotive ASA. After this transaction Orkla owns 3 210 000 shares in Kongsberg Automotive ASA, which represents 4.93 % of the share capital.

      Orkla ASA,
      Oslo, 5 May 2009
      Avatar
      schrieb am 06.05.09 07:22:04
      Beitrag Nr. 115 ()
      Published: 06:55 06.05.2009 GMT+2 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Orkla's profit affected by weak markets

      The global economic decline intensified in the first quarter, weakening markets for Aluminium Solutions and Materials. Orkla Brands achieved satisfactory results with an improvement of six per cent. First-quarter operating profit (EBITA)1 ended at NOK 233 million, compared with NOK 1.0 billion in the same period in 2008. Net profit was NOK 638 million, compared with NOK 687 million in the same period the previous year. Orkla has already implemented and is planning extensive measures to manage the cash flow and adapt production capacity to the weak market situation.

      Orkla's first-quarter operating revenues totalled NOK 13.4 billion, down from NOK 16.3 billion in 2008. Much of this decline is ascribable to weak markets and a 40 per cent decline in volume for Orkla Aluminium Solutions. Volume and price trends for Orkla Materials were also negative in the quarter. Orkla's equity ratio was 50 per cent, while net interest-bearing debt was on a par with the end of 2008.

      "Orkla has a diverse portfolio in which the less cyclical businesses like Orkla Brands and the energy business reported satisfactory results, while the more international, cyclical business areas in Aluminium Solutions and Materials were hard hit by the powerful global economic downturn. However, Orkla's financial position is robust, and the main focus in the short term is to adapt capacity and costs to the weak markets and, at the same time, be as well positioned as possible when the economic situation again improves," says President and CEO Dag J. Opedal.

      He points out a few important milestones that were reached in the first quarter:
      "The swap agreement whereby Orkla took over Alcoa's 45 per cent interest in Sapa Profiles in exchange for Orkla's 50 per cent stake in Elkem Aluminium was finally completed, generating an accounting gain of NOK 993 million. The new Elkem Solar plant is an investment of well over NOK 4 billion, and the ramp-up programme aimed at full-scale operations in the course of 2009 is on track. We also inaugurated one of the last major hydropower plants in Norway, Saudefaldene. That was an investment of over NOK 2 billion, and the plant's total production output is equivalent to 20 per cent of the city of Oslo's energy consumption," sums up President and CEO Opedal.

      1) Operating profit (EBITA): Before amortisation, restructuring and significant impairment charges.

      Key figures Q1-09 (Q1-08) in NOK million:
      Operating revenues: 13 448 (16 332)
      EBITA: 233 (1 029)
      Profit before taxes: -315 (846)
      Earnings per share diluted (NOK): 0.7 (0.6)
      Cash flow from operations: 214 (839)

      As of 31 Mar 2009(as of 31 Dec 2008):
      Net interest-bearing debt: 26 588 (27 424)
      Equity (%):49.9 (47.7)
      Net gearing: 0.56 (0.55)

      First Quarter in Brief
      - The international recession grew worse in the first quarter and contributed to weaker demand in important product markets in Orkla Aluminium Solutions and Orkla Materials.

      - Orkla has implemented and planned extensive measures in order to adapt production capacity and costs to the challenging market situation.

      - Orkla's EBITA came to NOK 233 million (NOK 1,029 million)1 in the first quarter.

      - Orkla Brands had a satisfactory EBITA of NOK 522 million (NOK 492 million)1.

      - The volume for Orkla Aluminium Solutions was 40 % lower than the same quarter last year. This contributed to a weak result, with EBITA of NOK -342 million (NOK 343 million)1.

      - In Orkla Materials, there was profit growth for Elkem's energy business, while the markets for the silicon-related units weakend considerably during the quarter. Elkem Solar is following the targeted start-up plan, and this has resulted in EBITA of NOK -159 million.

      - REC reported EBITDA of NOK 527 million (NOK 742 million)1 in the first quarter. Jotun has had a satisfactory start for the year with continued growth in sales.

      - The stock markets were somewhat weaker in the quarter than at year-end, and this contributed to a negative return of -5.7 % in the Share Portfolio in the first quarter compared with returns for the Morgan Stanley Nordic Index and the Oslo Børs Benchmark Index of -7.3 % and +0.4 %, respectively. The impairment resulted in further accounting write-downs, and the net result in the Share Portfolio came to NOK -315 million.

      - Profit/loss before taxes came to NOK -315 million (NOK 846 million)1 in the first quarter.

      - The swap between Orkla and Alcoa has been completed. The transaction gives a positive contribution to profit for Orkla of NOK 993 million, which is shown on the line for discontinued operations.

      The group
      Orkla's operating revenues came to NOK 13,448 million (NOK 16,332 million)1 in the first quarter. The decline was mainly a result of continued weak markets for Orkla Aluminium Solutions and weaker markets for Elkem's silicon-related products and Borregaard's chemicals business. The Norwegian krone is stronger now than it was at year-end, but still weaker than in the same quarter last year, relative to both USD and EUR. This resulted in a positive currency conversion effect on operating revenues of NOK 696 million.

      EBITA came to NOK 233 million (NOK 1,029 million)1 in the first quarter. The negative deviation in profits can be mainly explained by the weak sales volume in Orkla Aluminium Solutions. The total volume was 40 % lower than last year. Demand in the North American market has been in decline now for 10 consecutive quarters and is down 60 % since its peak in the first quarter of 2006. Orkla Brands had a growth in profits relative to last year. Implemented price increases and cost-reducing measures compensated for a weaker volume trend and raw material price increases. The timing of this year's Easter vacation had a positive effect on the results. For Orkla Materials, the picture was more complicated. The energy business in Elkem had better results than in the same quarter last year, primarily as a result of positive contributions from trading activities compared with losses during the same quarter last year. Weaker markets contributed to a decline in profits for the silicon-related businesses in Elkem and for Borregaard's chemicals business. The start-up programme for Elkem Solar is following its ramp-up plan with an EBITA of NOK -159 million in the first quarter. The uncertain financial markets resulted in continued poor results for Orkla Finans in the first quarter. For the Group as a whole, EBITA was negatively affected by currency conversion effects of NOK -38 million during the quarter.

      The swap between Orkla and Alcoa, where Orkla acquires Alcoa's 45.45 % share in Sapa Profiles in exchange for its 50 % share in Elkem Aluminium was completed on 31 March 2009. Low book values in Elkem Aluminium meant that the transaction made a positive contribution of NOK 993 million to Orkla's earnings for the first quarter, which is presented on the line for discontinued operations.

      Orkla's share in REC (39.73 %) and Jotun (42.5 %) are presented according to the equity method on the line for associates. REC had an EBITDA of NOK 527 million in the quarter compared with NOK 742 million last year. Profit after tax for REC, however, was higher than last year. Following this, Orkla's earnings contribution from REC came to NOK 157 million in the first quarter, whereas it amounted to NOK 84 million in the first quarter of 2008.
      In the first quarter, the Share Portfolio had a return of -5.7 % compared with -7.3 % for the Morgan Stanley Nordic Index and 0.4 % for the Oslo Børs Benchmark Index. Gains, losses and write-downs in the Share Portfolio came to NOK -315 million for the quarter, of which accounting write-downs amounted to NOK 816 million. As described in Orkla's Annual Report for 2008, the Share Portfolio concluded hedge accounting in 2008. Currency hedging effects will thus be regularly reported in the income statement. A strengthened Norwegian krone from year-end entailed that there were positive hedge effects of NOK 513 million during the quarter. Dividends received for the Share Portfolio amounted to NOK 45 million (NOK 87 million)1.

      Orkla's profit per share diluted in the quarter amounted to NOK 0.7 compared with NOK 0.6 in the first quarter of 2008. Also adjusted for discontinued operations, however, the profit per share amounted to NOK -0.3 compared with NOK 0.6 in the first quarter of 2008. The tax for the first quarter is estimated at NOK -40 million.

      1) Figures in parentheses are for the corresponding period in the previous year.

      Orkla ASA
      Oslo, 6 May 2009
      Avatar
      schrieb am 18.05.09 14:56:54
      Beitrag Nr. 116 ()
      Published: 14:47 18.05.2009 GMT+2 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Orkla ASA - Sale of own holding in ORK03

      Orkla ASA has sold NOK 350 million of its treasury holding of 6.54% Orkla 03/13, ISIN NO 10177538 (ORK 03). After this transaction, the outstanding volume in the market is NOK 900 million, whereas NOK 600 million is held in Orkla's treasury.


      Orkla ASA,
      Oslo, 18 May 2009
      Avatar
      schrieb am 21.05.09 15:10:58
      Beitrag Nr. 117 ()
      20.05.2009 09:12
      Orkla preparing $1 bln power plant sale -report

      OSLO, May 20 (Reuters) - Norwegian conglomerate Orkla (News) is preparing to sell the power plants of its Elkem metals unit, which analysts estimate are worth 6-9 billion crowns ($0.94-$1.4 billion), business daily Dagens Naeringsliv reported.

      Orkla has hired DnB NOR Markets as its financial adviser for the sale, and this week the brokerage sent out a brochure to prospective buyers, the newspaper said.

      Chief Executive Dag Opedal declined to say how much the company aimed to get from a sale, but he said analysts were 'operating with value estimates of between 6 and 9 billion crowns,' according to Dagens Naeringsliv.

      Orkla officials could not be reached immediately for comment.

      Opedal said the company had reclassified the power plants as a financial investment rather than a strategic holding because of Norway's regulations under which privately owned hydropower concessions revert to the state.

      Opedal said those rules prevented the company from developing the hydropower assets.

      The hydropower portfolio comprises 17 units with installed capacity of 3.7 terawatts, the paper said.

      (Reporting by John Acher, editing by Will Waterman) Keywords: ORKLA HYDROPOWER/SALE
      Avatar
      schrieb am 10.06.09 16:32:17
      Beitrag Nr. 118 ()
      10.06.2009 16:31
      Ausgabentransparenz ermöglicht Orkla Einsparungen in Höhe von 100 Millionen US-Dollar

      Die norwegische Firmengruppe setzt Ausgabenanalyse-Lösungen von Zycus ein, um Auftragsvergabe- und Finanzierungsergebnisse der Weltklasse zu erzielen

      Zycus, weltweit führend auf dem Gebiet von Ausgabenmanagement- Lösungen, gab heute bekannt, dass Orkla ASA, eine norwegische Firmengruppe, 850 Millionen NOK (ca. 100 Millionen USD) mithilfe der Ausgabenanalyse von Zycus einsparen konnte. Mit linguistisch diversen Operationen und Standorten in der ganzen Welt hat Orkla beachtliche operationale Herausforderungen für die Profitabilität seines Geschäfts zu erwarten. Orkla benötigte eine Lösung, welche mehr Transparenz innerhalb des Unternehmens ermöglichen würde, um überragende, innovative, zukunftsfähige und langfristige Geschäftsvorteile mit messbaren Ergebnissen zu erzielen.

      Orkla ist eine 350-Jahre-alte Firmengruppe und eines der größten Unternehmen, das an der norwegischen Börse notiert ist. Das Unternehmen beschäftigt ca. 35.000 Mitarbeiter, hat Geschäftsstellen in mehr als 40 Ländern und Umsätze, die 65 Milliarden NOK (ca. 10 Milliarden USD) im Jahr 2008 überstiegen. Kerngeschäfte sind Orkla Brands, Orkla Aluminum Solutions, Orkla Materials, Orkla Associates und Orkla Financial Investments.

      Das Unternehmen sah sich ebenfalls externen Herausforderungen gegenüber. Die Konkurrenten von Orkla erweiterten schnell ihren Zuliefererradius und führten neue Zulieferer aus Billigregionen ein. Zusätzlich dazu begann sich der allgemeine Aufwärtstrend bei Rohmaterialien auf die Bilanz des Unternehmens auszuwirken.

      „Orkla verstand die Herkunft der Herausforderungen für das Unternehmen. Es mangelte in allen Geschäftseinheiten an einer Ausgabentransparenz. Orkla benötigte eine einzelne übersichtliche Aufstellung der vorgenommenen Ausgaben, an wen diese gingen und in welcher Höhe”, erklärt Aatish Dedhia, CEO von Zycus. „Zycus ist stolz auf die Zusammenarbeit mit Orkla und darauf, dem Unternehmen dabei zu helfen, seine Geschäftsziele zu erreichen.”

      „Zycus implementierte die Lösung unter hohem Zeitdruck, um Orklas allgemeinen Plan zur Reduzierung der Ausgaben um ca. 850 Millionen NOK bis Ende des Jahres 2008 gerecht zu werden”, so Edgar Heitmann, Senior Projekt Manager bei Orkla ASA. „Wir erzielen auch weiterhin anhaltende Einsparungen mit der Ausgabeanalyse-Lösung von Zycus.”

      Über Zycus

      Zycus baut fortlaufend auf seiner Tradition auf, marktführende Ausgabenmanagement-Lösungen anzubieten, die weltweit dafür bekannt sind, eine schnelle Kapitalrentabilität durch überragende Nutzeradoption zu erreichen, mit der maximale Einsparungen möglich sind. Lösungen von Zycus werden von Grund auf entwickelt und kombinieren modernste Technologie und Fachkenntnis auf diesem Gebiet, wodurch eine höhere Leistungsfähigkeit und nachhaltige Werte für Organisationen in der ganzen Welt ermöglicht werden. Zycus bietet globale Ausgabenmanagement-Lösungen für mehr als 150 führende Fortune 1000-Kunden, die den Einsatz von Ausgabenmanagement-Software, -Prozessen und Technologie als strategisch wichtig für ihre Wettbewerbsfähigkeit ansehen. Ausgabenmanagement-Lösungen von Zycus automatisieren und optimieren die Abläufe der Ausgabenanalyse, der strategischen Finanzierung und des Vertragsmanagements.

      Mit über 150 bewährten Implementierungen weltweit sind die Lösungen von Zycus zum weltweiten Favoriten geworden. Zycus beschäftigt über 250 Mitarbeiter in Nordamerika, Europa und im asiatisch-pazifischen Raum. Um mehr über das Unternehmen zu erfahren, schicken Sie uns eine E-Mail an information@zycus.com oder besuchen Sie uns unter www.zycus.com.

      Die Ausgangssprache, in der der Originaltext veröffentlicht wird, ist die offizielle und autorisierte Version. Übersetzungen werden zur besseren Verständigung mitgeliefert. Nur die Sprachversion, die im Original veröffentlicht wurde, ist rechtsgültig. Gleichen Sie deshalb Übersetzungen mit der originalen Sprachversion der Veröffentlichung ab.
      Avatar
      schrieb am 19.06.09 15:59:41
      Beitrag Nr. 119 ()
      Published: 09:00 17.06.2009 GMT+2 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Sapa to strengthen North American business - in process to acquire Indalex

      Today Sapa entered into an asset purchase agreement with US aluminium extrusion company Indalex for the possible purchase of substantially all of Indalex's assets in the US and Canada.

      Under the agreement, Sapa would acquire Indalex's ten active plants in the US (6) and Canada (4), with 29 presses and a total capacity of about 315,000 tonnes per year. Indalex's sales in 2008 were about 200,000 tonnes which represented sales of just above 900 MUSD. Indalex has about 1,400 employees.

      The planned purchase represents an underlying enterprise value of approximately 95 MUSD for the business.

      The transaction would allow Sapa to improve its geographical presence in North America, including an introduction into the Canadian region. Also, Sapa would be better positioned to service customers through improved painting, anodising and fabrication capabilities. In addition, Sapa would be able to optimize customer value through the combined knowledge, experience and technical competence of the two companies. The combination has a significant potential of realising cost synergies through plant restructuring and cost improvements in procurement, logistics and shared services. The new company would have the ability to further develop new end use applications in North America, benefitting the customers and the extrusion industry as a whole.

      President and CEO of Sapa, Bjørn Wiggen says in a comment: "I appreciate this opportunity to include Indalex in our North American operation. The new combined unit will reflect the strengths of both organizations and represent a possibility to serve the customers even better. By optimizing the broad experience and technical knowledge in the two companies we will be able to bring new solutions to the market sooner."

      "The agreement demonstrates Orkla's and Sapa's commitment to the North American extrusion market. Indalex is an excellent company with a long history in the industry. Combining the two companies will provide a wider product range and better geographic coverage than either company has alone. We will be able to offer our customers a range of products and services that is truly unique," says Jack Miller, Business Area President Sapa Profiles North America.

      Tim Stubbs, President and CEO, Indalex, said: "This would be a natural fit for both companies. Our customer-focused operating strategies match well and the long-standing commitment to the extrusion industry through investment and modernization are mutual. The strengths of both companies will fit well to provide our customers with unmatched capacity, capabilities and commitment."

      The agreement signed in New York is part of a motion filed with the bankruptcy court in Delaware, along with sale and bid procedures, pursuant to Section 363 of the United States Bankruptcy Code. The motion is scheduled to be heard on July 2, at which time Sapa is expected to be selected as the "stalking horse" bidder. In the event that competitive bids are received from other qualified bidders, a bankruptcy auction will be held around July 16, 2009. Final approval of Sapa's agreement or the auction outcome is expected by the end of July.
      Avatar
      schrieb am 29.06.09 15:01:15
      Beitrag Nr. 120 ()
      Published: 14:07 29.06.2009 GMT+2 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Orkla has subscribed in the right issue in REC


      Orkla ASA, which is represented at the board of REC, has today subscribed for 27,755, 068 shares at a subscription price of NOK 26.50 per share in the rights issue in REC. Elkem AS which is 100 % owned by Orkla ASA, has today subscribed for 39,977,689 shares at a subscription price of NOK 26.50 per share in the rights issue in REC.
      The subscription involves that Orkla ASA and Elkem AS subscribe for all allotted subscription rights. At completion of the rights issue Orkla ASA will own 108 244 768 shares and Elkem AS 155 912 989 shares in the company, and accordingly maintain their combined ownership interest in REC of appox. 39.73 %.
      The subscription has been made on certain conditions as described in the prospectus.


      Orkla ASA

      Oslo, 29 June 2009
      Avatar
      schrieb am 09.07.09 20:17:24
      Beitrag Nr. 121 ()
      Wer Interesse hat kann sich den Webcast zum Capital Markets Day ansehen.

      Hier mehr: http://www.orkla.com/eway/default.aspx?pid=243&trg=Content_7…
      Avatar
      schrieb am 09.07.09 20:21:00
      Beitrag Nr. 122 ()
      Antwort auf Beitrag Nr.: 37.544.127 von Jacob666 am 09.07.09 20:17:24Danke für den Tip.

      Selten, daß sich mal jemand hierher verirrt.
      Avatar
      schrieb am 09.07.09 21:57:54
      Beitrag Nr. 123 ()
      Interessant für mich war das ISC Konstanz, ein Solar Forschungslabor, mit monocrystalines Polysilicon von Elkem, Cellen mit einer Effizienz von 17% erziehlt haben.

      Quelle: www.elkem.no/dav/9a385e0007.pdf Seite 6

      Und das Orkla vielleicht ende 2010 entscheiden will ob Elkem neue Fabriken errichten soll.

      Übrigens funktioniert der Webcast nicht so gut mit Mozilla Firefox.

      Komme selber aus Dänemark und da sind die norwegischen Aktien schon bekannt. Kann aber gut verstehen das nicht so viele Deutsche das Unternehmen kennen. Habe selber 1000 Orkla Aktien und auch 800 Hafslund Aktien. Ein anderes norwegisches Unternehmen das auch ein Anteil an REC hat.

      Hoffentlich werden wir in Zukunft mehr von beiden hören :)
      Avatar
      schrieb am 03.08.09 14:20:15
      Beitrag Nr. 124 ()
      Published: 08:50 03.08.2009 GMT+2 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Sapa's agreement with Indalex complete

      Today Sapa completed its purchase of US aluminium extrusion company, Indalex, in accordance with the terms of the asset purchase agreement entered into between them on June 16, 2009.

      As a part of the purchase, Sapa acquired Indalex's eleven active plants, six in the US and five in Canada, with two cast houses and 29 presses and a total capacity of about 315,000 tonnes per year. Indalex's sales in 2008 were about 200,000 tonnes, representing 900 MUSD. Indalex has 1,400 employees. Through this acquisition Sapa strengthens its geographical coverage and logistical efficiencies to better serve North America, including an expansion into Canada.

      The acquisition represents an underlying enterprise value of approximately 95 MUSD.

      "We have a strong market position and it is vital for Sapa to uphold good customer relations, especially in a time like this. We are able to offer our customers a range of products and services that is truly unique. Sapa will have the ability to further develop new end use applications in North America, benefitting the customers and the extrusion industry as a whole. Indalex has deep production competence and well-maintained assets. It is a well-run company. Combining Sapa and Indalex provides a wider product range and better geographic coverage," says President and CEO of Sapa, Bjørn Wiggen.

      For further information, please contact Bjørn Wiggen, President and CEO Sapa, or Gabriella Ekelund, Communications Director Sapa, telephone +46-70-953 08 53.
      Avatar
      schrieb am 13.08.09 09:27:28
      Beitrag Nr. 125 ()
      Published: 06:55 12.08.2009 GMT+2 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Operating parameters still challenging - comprehensive measures implemented

      Orkla's operating profit (EBITA)* for the second quarter ended at NOK 334 million, compared with NOK 1,187 million for the same quarter of 2008. Orkla Brands continued its positive profit performance. The development for Jotun (42.5%) and Elkem Energy was also satisfactory, while Sapa and Elkem have been strongly impacted by the weak economic situation. At the end of the first half-year, the return on the Share Portfolio was 13.7 per cent.

      "Although market conditions still are challenging for several of Orkla's business areas we are not satisfied with the Group's overall financial results. However, the wide-ranging measures that have been implemented are producing results. We must nevertheless assess the need for further action on an ongoing basis. Orkla's financial position is robust, and the Group is well positioned thanks to its forward-looking portfolio of companies," affirms President and CEO Dag J. Opedal.

      Orkla's second-quarter operating revenues totalled NOK 13.7 billion, down from NOK 16.9 billion in 2008. One of the main reasons for the drop is the significant decline in demand experienced by Sapa in several markets, particularly in the automotive and building industries. Volume has fallen around 35 per cent, compared with last year. Nevertheless, Orkla Aluminium Solutions (Sapa) is delivering on its targets in terms of both costs and cash flow.

      A fire in Elkem Solar's new plant will delay the ramp-up of production capacity by 2-3 months.

      Pre-tax profit for the second quarter amounted to NOK 282 million (NOK 2.5 billion in 2008). Net interest-bearing liabilities are at approximately the same level as at the start of the year, and the equity ratio has increased to 50 per cent. Orkla's Financial Investments division reported a half-year return of 13.7 per cent, compared with 16.7 per cent for the Morgan Stanley Nordic Index and 25.2 per cent for the Oslo Stock Exchange Benchmark Index.

      On 31 July it was announced that Sapa has taken over the aluminium extrusion company Indalex, with 1,400 employees and total sales in 2008 of USD 900 million. This acquisition significantly strengthens Sapa's operations in North America, and with a market share of around 30 per cent, Sapa is now clearly the largest aluminium extrusion company in the USA.

      Key figures Q2-09 (Q2-08) in NOK million:
      Operating revenues: 13 652 (16 851)
      EBITA: 334 (1 187)
      Profit before taxes: 282 (2 453)
      Earnings per share diluted (NOK): 0.3 (1.9)
      Cash flow from operations: 1 271 (267)

      As of 30 June 2009(as of 31 Dec 2008):
      Net interest-bearing debt: 27 903 (27 424)
      Equity (%):50.0 (47.7)
      Net gearing: 0.59 (0.55)

      The first half in brief
      - Due in part to the weak global economy, Orkla's operating profit (EBITA) for the first half-year ended at NOK 567 million (NOK 2,216 million)**. EBITA for the second quarter alone was NOK 334 million (NOK 1,187 million)**.

      - Profit before tax in the first half-year totalled NOK -33 million (NOK 3,299 million)**, while for the second quarter alone it amounted to NOK 282 million (NOK 2,453 million)**.

      - Reductions in working capital helped to improve cash flow in the second quarter. Cash flow from operations at the end of the first half-year was NOK 1,485 million (NOK 1,106 million)**.

      - Orkla Brands reported a good first half with continued profit improvement. EBITA for the first half-year was NOK 1,160 million (NOK 1,078 million)**.

      - Orkla Aluminium Solutions has been strongly impacted by the weak economic conditions in the USA and Europe, resulting in a 35 % decline in volume compared with the second quarter of 2008. However, volume performance was relatively stable through the first half of 2009 and, partly due to the implementation of cost-cutting measures, the deficit in the second quarter alone was significantly lower than in the first quarter.

      - For Orkla Materials, as expected, the market for the silicon-related businesses in Elkem weakened through the second quarter. A negative contribution to profit in the start-up phase of Elkem Solar was a further reason for Elkem's lacklustre first-half results.

      - In Orkla Associates, REC reported EBITDA of NOK 745 million (NOK 1,631 million)** for the first half-year. Jotun's results were affected by somewhat slower activity in certain market segments, but profit performance is still satisfactory.

      - In Orkla Financial Investments, realised portfolio gains were offset by accounting write-downs, and the net contribution to profit by portfolio investments in the first half-year was NOK -87 million.

      - At the end of the first half-year, the return on the Share Portfolio was 13.7 %, compared with 16.7 % for the Morgan Stanley Nordic Index (25.2 % for the Oslo Stock Exchange Benchmark Index).

      - Orkla Aluminium Solutions' agreement to purchase the US company Indalex was finally completed on 31 July.

      - In July a small fire broke out at one of Elkem Solar's processing plants. It caused no personal injuries or serious damage to critical processing equipment, but repairs will delay Elkem Solar's ramp-up plans by 2-3 months.

      The Group
      Orkla's first-half operating revenues totalled NOK 27,100 million (NOK 33,183 million)**, while operating revenues for the second quarter alone were NOK 13,652 million (NOK 16,851 million)**. The decline was largely driven by low demand in Orkla Aluminium Solutions and slower markets for Orkla Materials.

      The Norwegian krone was significantly weaker in the first half of 2009 than in the same period of last year, against both the USD and euro-related currencies. This has resulted in positive currency translation effects on operating revenues, amounting to around NOK 1.2 billion in the first half-year and around NOK 550 million in the second quarter.

      The Group's EBITA for the second quarter was NOK 334 million (NOK 1,187 million)**, while first-half EBITA was NOK 567 million (NOK 2,216 million)**. Orkla Brands reported a satisfactory profit performance and underlying*** profit growth in both the second quarter and the first half-year. Orkla Aluminium Solutions saw sales volumes level off at low levels in the first half-year. The implementation of cost-cutting measures had a positive effect, but first-half profit was negative at NOK -490 million (NOK 707 million)**. Orkla Materials posted profit of NOK 132 million (NOK 589 million)** for the first half-year. The decline in profit is primarily ascribable to weak markets for the silicon-related businesses resulting in around 55 % capacity utilisation in the second quarter, and to the start-up of Elkem Solar. For the Group as a whole, EBITA was affected by currency translation effects totalling NOK -20 million in the first half-year, and NOK +18 million in the second quarter alone.

      Orkla's share in REC (39.73 %) and Jotun (42.5 %) are presented according to the equity method on the line for associates. The contribution from associates to Group profit in the first half-year totaled NOK -75 million (NOK 1,332 million)**, while the contribution in the second quarter amounted to NOK -210 million (NOK 1,153 million)**. Of the total amount, REC's contribution to Orkla's profit in the first half of 2009 accounted for NOK -115 million (NOK 280 million)** of which NOK -272 million (NOK 196 million)** is the second-quarter contribution. Associates' contribution to profit in 2008 was positively affected by the NOK 830 million gain on the sale of Orkla's interest in Hjemmet Mortensen.

      At the end of the first half-year, the return on the Share Portfolio was 13.7 %, compared with 16.7 % for the Morgan Stanley Nordic Index (25.2 % for the Oslo Stock Exchange Benchmark Index). In accordance with IFRS, portfolio investments were written down by NOK 1,070 million in the first half-year, whereof write-downs of NOK 254 million in the second quarter. First-half gains realised on the portfolio total NOK 470 million, whereof NOK 460 million in the second quarter. Gains, losses and write-downs on the Share Portfolio thus ended at NOK -87 million (NOK -183 million) for the first half-year. For the second quarter alone, the contribution to profit was NOK 228 million (NOK 112 million)**. Dividends received in the second quarter totalled NOK 179 million (NOK 310 million)**, and for the first half-year NOK 224 million (NOK 397 million)**.

      Orkla's first-half earnings per share, diluted, were NOK 0.9 (NOK 2.5)**. The tax charge for the first half-year is estimated to be NOK 79 million.

      Strong focus on increasing capital efficiency helped to improve cash flow from operations through the second quarter, and cash flow from operations for the first half of 2009 totalled NOK 1,485 million, compared with NOK 1,106 million in the same period last year. Net interest-bearing liabilities were at the same level as at the end of 2008.

      Orkla Aluminium Solutions' agreement to purchase the US company Indalex was finally completed on 31 July. Under the agreement Sapa will take over Indalex' 11 active production plants in the USA and Canada, with 29 presses and a total capacity of about 315,000 tonnes per year. Indalex' sales in 2008 totalled abouyt 200,000 tonnes, which represents operating revenues of over USD 900 million. Indalex has around 1,400 employees.

      *) Excl. amortisation, write-down of inventory in Sapa Profiles in 2008, restructuring, significant impairments and discontinued operations.
      **) The figures in brackets refer to the corresponding period of the previous year.
      ***) Excluding acquisitions, divestments and currency translation effects.

      Orkla ASA
      Oslo, 12 August 2009
      Avatar
      schrieb am 18.08.09 11:02:27
      Beitrag Nr. 126 ()
      Published: 10:49 18.08.2009 GMT+2 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Orkla ASA - Sale of own holding in bond ORK 03

      Orkla ASA has sold NOK 200 million of its treasury holding of bond 6.54 % Orkla 03/13, ISIN NO 10177538 (ORK 03). After this transaction, the oustanding volume in the market is NOK 1 300 million, whereas NOK 200 million is held in Orkla's treasury.

      Orkla ASA
      Oslo, 18 August 2009
      Avatar
      schrieb am 24.08.09 18:29:55
      Beitrag Nr. 127 ()
      Einweihung von Elkem Solar Werk
      http://www.elkem.com/eway/default.aspx?pid=242

      Mehr Info im PDF: The sunshiny story
      Avatar
      schrieb am 25.08.09 11:30:39
      Beitrag Nr. 128 ()
      Published: 10:30 25.08.2009 GMT+2 /HUGIN /Source: Statkraft /OSE: STAEN /ISIN: NO0010246234

      Statkraft and Elkem to cooperate on energy recovery

      (Oslo, 25 August 2009) Statkraft and Elkem have entered into an agreement to build an energy recovery facility at the Elkem Thamsavn plant at Orkanger in Sør-Trøndelag county.

      The facility will recover heat from the plant's processing steam and produce a total of 180 GWh of electricity annually. The cost of the facility is estimated to exceed NOK 500 million.

      "The energy recovery facility will make Elkem Thamshavn one of the most energy-efficient silicon plants in the world, with a recovery rate of 25 per cent," says plant manager Alf Tore Haug at Elkem Thamshavn.

      "It is important for Statkraft to contribute to realising good industrial energy efficiency projects. In addition to increasing the energy efficiency at Elkem Thamshavn, the facility will contribute to new energy production and an improved energy balance in central Norway," Sverre Gotaas, head of Innovation and Growth at Statkraft stresses.

      The parties will carry out a main study this autumn and are aiming for an investment decision in order to have a completed facility by the autumn of 2011.

      On Friday, the Enova board decided to support the project with NOK 90 million.

      Statkraft is Europe's largest renewable energy company. The Group develops and generates hydropower, wind power, gas power and district heating, and is a major player on the European power exchanges. Statkraft also develops marine energy, osmotic power, solar power, and other innovative energy solutions. Through the ownership of other companies, Statkraft supplies energy and heating to more than 600,000 customers in Norway. In 2008 Statkraft posted gross operating revenues of EUR 3.1 billion (NOK 25 billion). The group employs 3,200 staff in more than 20 countries.

      Elkem is among the leading companies in the world within environmentally-friendly production of metals and materials. Core products include silicon, solar cell silicon, special alloys for the casting industry, carbon and micro silica. In 2008, the group's sales reached NOK 9 billion. Elkem has 2 900 employees.
      Avatar
      schrieb am 18.09.09 08:46:37
      Beitrag Nr. 129 ()
      Published: 08:28 18.09.2009 GMT+2 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Sale of own holding in bond ORK03

      Orkla ASA has on 17 September 2009 sold its treasury holding of NOK 200 million of bond 6,54% Orkla 03/13, ISIN NO 10177538 (ORK 03). After this transaction, the outstanding volume in the market is NOK 1500 million and Orkla has no remaining treasury holding in this bond.

      Orkla ASA,
      Oslo, 18 September 2009
      Avatar
      schrieb am 05.10.09 18:07:11
      Beitrag Nr. 130 ()
      Orkla verkauft Wasserkraftwerke

      Sie haben schon einige Monate gesagt dass sie in einen Verkauf interessiert sind. Heute haben sie mitgeteilt dass sie 2 Wasserkraftwerke für 6 Mrd. Kronen verkauft haben.

      Aktie schlisst in Oslo 5,67% höher

      Quelle: http://www.euroinvestor.dk/redirect.aspx?http://cws.huginonl…

      Wo glaubt ihr die 6 Mrd. ( 711 Mio. Euro ) landen werden?

      Erhöhte Beteiligung in Tomra, neue Wege für die Solarbeteiligungen, neue Lebensmittelunternehmen, Aktienrückkauf, erhöhte Dividende...
      Avatar
      schrieb am 29.10.09 21:02:52
      Beitrag Nr. 131 ()
      Morgen wird es spannend:
      Orkla will report third quarter results 2009 on Friday 30 October 2009 at 7.00 a.m. CET.

      Ich bin seit kurzem mit dabei, mal sehen, ob das vor den Quartalszahlen der richtige Zeitpunkt war.
      Avatar
      schrieb am 30.10.09 10:58:56
      Beitrag Nr. 132 ()
      Orkla's operating profit (EBITA*) in the third quarter ended at NOK 811 million, compared with NOK 334 million in the second quarter and NOK 1,026 million in the same quarter of last year. Cash flow from operations for the first nine months amounted to NOK 3.1 billion, compared with NOK 1.5 billion for the same period in 2008. Weak international economic conditions continued to impact demand and sales in several of the Group companies, but the underlying trend has been stable through the second and third quarters. The acquisition and integration of Indalex into Sapa's North American extrusion operations have now been completed.
      "In the past year, Orkla companies have implemented comprehensive restructuring and cost-cutting programmes. It is therefore gratifying to see that these measures are helping to improve their cost position and not least, ensure a good cash flow. We see clear signs of stabilisation in important markets, but there are still few strong growth signals," says President and CEO Dag J. Opedal.

      Orka's third-quarter operating revenues totalled NOK 14.1 billion, down from NOK 15.9 billion in 2008. This is largely due to weak markets for Elkem and Sapa. Nevertheless, vigorous restructuring and cost-cutting measures contributed to a positive result in the quarter for these companies. Orkla Brands continues to report positive profit performance, and Borregaard posted satisfactory results despite weak markets. The return on the Share Portfolio at the end of the first nine months was 26.2 per cent, compared with 30.7 per cent for the benchmark Morgan Stanley Nordic Index.

      The equipment damaged in the fire at Elkem Solar's new plant in Kristiansand has now been repaired and test operations began in October. The ramp-up towards normal production levels will start at the end of November.

      http://www.orkla.com/eway/quarterlyreports/2009/3q/orkla-thi…

      Sapa's acquisition of Indalex, its biggest competitor on the US market, has been completed with effect from 1 August. This acquisition will be followed by further restructuring of Sapa Profiles North America, and two or three factories will be closed.

      Following the Norwegian parliament's decision in 2008 to change the reversion regime, Elkem sold two of its hydropower assets that operate under licence for NOK 6 billion in the third quarter.

      *Operating profit (EBITA): Before amortisation, restructuring and significant impairment charges

      Key figures Q3-09 (Q3-08) in NOK million:
      Operating revenues: 14 088 (15 904)
      EBITA: 811 (1 026)
      Profit before taxes: 494 (-939)
      Earnings per share diluted: (NOK) 0,5 (-1,2)
      Cash flow from operations: 1 663 (365)

      As of 30 September 2009 (as of 31 december 2008):
      Net interest-bearing debt: 28 226 (27 424)
      Equity (%): 50,3 (47,7)
      Net gearing: 0,59 (0,55)
      Avatar
      schrieb am 08.11.09 09:56:03
      Beitrag Nr. 133 ()
      Published: 06:54 30.10.2009 GMT+1 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800

      Comprehensive actions - improved financial performance

      Orkla's operating profit (EBITA*) in the third quarter ended at NOK 811 million, compared with NOK 334 million in the second quarter and NOK 1,026 million in the same quarter of last year. Cash flow from operations for the first nine months amounted to NOK 3.1 billion, compared with NOK 1.5 billion for the same period in 2008. Weak international economic conditions continued to impact demand and sales in several of the Group companies, but the underlying trend has been stable through the second and third quarters. The acquisition and integration of Indalex into Sapa's North American extrusion operations have now been completed.

      "In the past year, Orkla companies have implemented comprehensive restructuring and cost-cutting programmes. It is therefore gratifying to see that these measures are helping to improve their cost position and not least, ensure a good cash flow. We see clear signs of stabilisation in important markets, but there are still few strong growth signals," says President and CEO Dag J. Opedal.

      Orka's third-quarter operating revenues totalled NOK 14.1 billion, down from NOK 15.9 billion in 2008. This is largely due to weak markets for Elkem and Sapa. Nevertheless, vigorous restructuring and cost-cutting measures contributed to a positive result in the quarter for these companies. Orkla Brands continues to report positive profit performance, and Borregaard posted satisfactory results despite weak markets. The return on the Share Portfolio at the end of the first nine months was 26.2 per cent, compared with 30.7 per cent for the benchmark Morgan Stanley Nordic Index.

      The equipment damaged in the fire at Elkem Solar's new plant in Kristiansand has now been repaired and test operations began in October. The ramp-up towards normal production levels will start at the end of November.

      Sapa's acquisition of Indalex, its biggest competitor on the US market, has been completed with effect from 1 August. This acquisition will be followed by further restructuring of Sapa Profiles North America, and two or three factories will be closed.

      Following the Norwegian parliament's decision in 2008 to change the reversion regime, Elkem sold two of its hydropower assets that operate under licence for NOK 6 billion in the third quarter.

      *Operating profit (EBITA): Before amortisation, restructuring and significant impairment charges

      Key figures Q3-09 (Q3-08) in NOK million:
      Operating revenues: 14 088 (15 904)
      EBITA: 811 (1 026)
      Profit before taxes: 494 (-939)
      Earnings per share diluted: (NOK) 0,5 (-1,2)
      Cash flow from operations: 1 663 (365)

      As of 30 September 2009 (as of 31 december 2008):
      Net interest-bearing debt: 28 226 (27 424)
      Equity (%): 50,3 (47,7)
      Net gearing: 0,59 (0,55)

      The third quarter in brief
      - Orkla's operating profit (EBITA) for the third quarter amounted to NOK 811 million, compared with NOK 1,026 million in the same quarter last year and NOK 334 million in the second quarter of 2009.

      - Cash flow from operations improved, totalling NOK 3,115 million at the end of the first nine months, compared with NOK 1,473 million at the same time last year.

      - Weak international economic conditions continued to affect demand and sales in several of the Group's industrial businesses. Third-quarter operating revenues totalled NOK 14,088 million (NOK 15,904 million)1.

      - Orkla Brands reported another good quarter with EBITA of NOK 759 million (NOK 708 million)1. Orkla Brands International and Orkla Food Ingredients posted improved results, while the Nordic units performed on a par with last year.

      - Due to comprehensive restructuring and cost-cutting measures, Orkla Aluminium Solutions achieved a positive result of NOK 29 million (NOK 92 million)1 in the third quarter. The acquisition and integration of Indalex in the US have proceeded as planned.

      - In Orkla Materials, Borregaard reported satisfactory third-quarter results, while Elkem's results reflected continued weak markets and low capacity utilisation, in addition to the ramp-up plan for Elkem Solar being delayed by the fire in July.

      - In Orkla Associates, REC reported EBITDA of NOK 429 million (NOK 711 million)1 in the third quarter. Jotun's EBIT for the first eight months was NOK 858 million (NOK 807 million)1.

      - At the end of the first nine months, the return on the Share Portfolio was 26.2%, compared with 30.7% for the Morgan Stanley Nordic Index (43.5% for the Oslo Børs Benchmark Index).

      - On 4 October 2009, following the Storting's adoption of a new reversion regime in autumn 2008, Elkem entered into an agreement to sell its hydropower plants in Salten and Bremanger, operating under licence, for NOK 6 billion.

      The Group
      Orkla's third-quarter operating revenues totalled NOK 14,088 million (NOK 15,904 million)*. The decline was largely driven by low demand in Orkla Aluminium Solutions, and slow markets for Elkem's silicon-related businesses.

      The Norwegian krone strengthened in the third quarter, against both the USD and euro-related currencies, but was nevertheless weaker than in the corresponding quarter of 2008. Currency translation effects therefore had a positive impact on operating revenues, amounting to around NOK 400 million in the third quarter and around NOK 1.65 billion in the first nine months.

      The Group's EBITA for the third quarter was NOK 811 million (NOK 1,026 million)*. Orkla Brands reported a satisfactory third-quarter profit performance with underlying** profit growth of 6%. Markets for Orkla Aluminium Solutions remained very slow in Europe and the US, although the latter saw slight growth compared with the previous quarter. Wide-ranging restructuring and cost-cutting measures contributed to positive EBITA of NOK 29 million in the quarter (NOK 92 million)*. In Orkla Materials, Elkem's results reflect continued weak markets and low capacity utilisation in the silicon-related business. Average capacity utilisation in the third quarter was 57%, excluding Solar. Due to the fire in July, Elkem Solar had no production of any significance in the third quarter and thus made a substantial negative contribution to profit. The damage has been repaired and test run begun mid-October. The ordinary ramp-up of the factory will commence as soon as the repairs have been tested and approved. Borregaard reported satisfactory third-quarter profit, and EBITA ended at NOK 128 million (NOK 110 million)*. For the Group as a whole, EBITA was affected by currency translation effects totalling NOK -18 million in the quarter, and NOK -38 million in the first nine months.

      Orkla's equity interests in REC (39.7%) and Jotun (42.5%) are presented according to the equity method on the line for associates. The contribution from associates to Group third-quarter profit totalled NOK -328 million (NOK 573 million)*. Of the total amount, REC's contribution to Orkla's profit for the quarter accounts for NOK -401 million (NOK 496 million)*.

      At the end of the first nine months, the return on the Share Portfolio was 26.2%, compared with 30.7% for the Morgan Stanley Nordic Index (43.5% for the Oslo Børs Benchmark Index). Gains, losses and write-downs on the Share Portfolio ended at NOK 334 million in the third quarter, of which realised portfolio gains amounted to NOK 297 million and write-downs of portfolio investments totalled NOK 97 million. Dividends received in the third quarter totalled NOK 14 million, and NOK 238 million for the first nine months.

      Group profit before tax for the third quarter was NOK 494 million (NOK -939 million)*, while earnings per share, diluted, were NOK 1.4 (NOK 1.3)* at the end of the first nine months. The tax charge is estimated to be NOK 92 million so far this year.

      Strong focus on increasing capital efficiency helped to boost cash flow from operations in the third quarter to NOK 1,663 million (NOK 365 million)*, and cash flow from operations for the first nine months of 2009 totalled NOK 3,115 million, compared with NOK 1,473 million in the same period of last year. After the Group's participation in the REC and SPDE share issues, and the acquisition of Indalex, all in the third quarter, net interest-bearing liabilities amounted to NOK 28.2 billion at quarter-end.

      In connection with the acquisition and integration of Indalex in the US, Orkla Aluminium Solutions will carry out further restructuring of its extrusion operations in North America. The factories in Morris and Calgary will be closed in the course of the fourth quarter, and minor changes will also be made at other factories. In this connection, a restructuring provision of NOK 94 million was made in the third quarter. The agreement to divest the business in Catawba in compliance with the requirements of the US Department of Justice has been signed.

      * The figures in brackets refer to the corresponding period of the previous year.
      ** Excluding acquisition, divestments and currency translation effects.
      Avatar
      schrieb am 04.01.10 13:10:48
      Beitrag Nr. 134 ()
      Published: 13:00 04-01-2010 /HUGIN /Source: Orkla ASA /OSE: ORK /ISIN: NO0003733800
      Sale of Orklas hydropower assets in Salten closed



      We refer to the notice to the Oslo Stock Exchange dated 5 October 2009 regarding Orkla-owned Elkem’s sale of its hydropower plants in Salten and Bremanger.


      The shares in Elkem Energi Siso AS and Elkem Energi Lakshola AS (the power plants in Salten) was sold to Norsk Vannkraftproduksjon AS to a sale price of NOK 4,300 million. This transaction is today, on 4 January 2010, closed.


      Norsk Vannkraftproduksjon AS is owned by NTE Energi AS, a wholly owned subsidiary of Nord-Trøndelag Elektrisitetsverk Holding AS, and Østfold Energi AS on a 50/50 basis.



      Orkla ASA

      Oslo, 4 January 2010
      Avatar
      schrieb am 29.01.10 23:33:03
      Beitrag Nr. 135 ()
      Orkla donates NOK 1 million to emergency relief on Haiti

      Orkla has decided to donate NOK 1 million to relief work to help alleviate the humanitarian catastrophe in Haiti.

      The donation will be divided equally among the aid efforts of the Norwegian Red Cross and Norwegian Church Aid on Haiti.

      "Just like everyone else, here at Orkla we have been shaken by the tragic situation on the island after last week's earthquake. For that reason, we decided today to contribute to the important and demanding relief efforts that are just beginning on Haiti," said Executive Vice President Hilde Myberg at Orkla.

      http://www.orkla.com/eway/default.aspx?pid=243&trg=Content_7…
      Avatar
      schrieb am 09.02.10 17:34:29
      Beitrag Nr. 136 ()
      9 Feb '10 | North West | Industry, manufacturing E-mail this story
      Orkla’s $60m St. Pete confectionery move aired

      Orkla’s $60m St. Pete confectionery move aired
      Norway’s Orkla has $60m worth of plans for relocation of its Russian asset, Krupskaya Confectionery, from downtown St. Petersburg to an industrial area at the outskirts of the city, Interfax reports, citing city officials.

      The new site will reportedly “enable the investor to boost production from today’s level.” The latter hasn’t been specified.
      Avatar
      schrieb am 05.05.10 07:12:21
      Beitrag Nr. 137 ()
      Published: 06:50 CEST 05-05-2010 /HUGIN /Source: Orkla ASA /XOSL: TICKER ORK /ISIN: NO0003733800
      Increase in Orkla's operating profit


      Orkla's first-quarter EBITA* amounted to NOK 704 million, compared to NOK 233 million in the same period of 2009. Orkla Brands, Sapa, Elkem Silicon and Jotun (42.5 percent stake) all show profit growth in the first quarter of 2010 compared to last year. Operating revenues rose by 11% to NOK 14.9 billion due to improved market conditions for Sapa and Elkem Silicon.

      "It is positive that the measures we have implemented in the past few years have strengthened our competitiveness. We expect Orkla Brands and Jotun (42.5 per cent) to continue to deliver a robust performance. Sapa, Elkem Silicon and Borregaard should be well positioned when markets normalise. Furthermore, the Group's two solar energy investments (REC (39.7 percent stake) and Elkem Solar) are currently in a ramp-up phase, the results of which we expect to see in 2010/2011," says President and CEO Dag J. Opedal.

      Orkla Brands has recently acquired several businesses: Kalev (chocolate manufacturer in Estonia), Peterhof (chocolate spread in Russia) and Sonneveld (bakery ingredients in the Netherlands). In total, these companies generate sales of almost NOK 750 million. Elkem Solar has entered into an agreement with a leading solar energy company to deliver up to 1,000 tonnes of solar-grade silicon in 2010.

      As long as the market price of REC shares is lower than the book value, the accounting value will be written up and down in step with market price fluctuations. For the first quarter, this meant an accounting charge of NOK 4.6 billion. As announced, Orkla will guarantee and participate in REC's rights issue in proportion to its shareholding. Following the issue, Orkla's average cost price per share will be NOK 33.99, while the book value at the end of the first quarter will be NOK 22.48 per share.

      The Share Portfolio has had a satisfactory start to the year, generating a first-quarter return of 11.2 percent, compared to the 10.2 percent return on the Nordic index (MSCI Nordic). At quarter-end, the market value of Orkla's Share Portfolio was NOK 11.7 billion. At quarter-end, Orkla's equity-to-assets ratio was 52.9 percent, while its net interest-bearing liabilities, which totalled NOK 19.9 billion, were at the same level as at the end of 2009.

      The presentation of the 1Q results will be held at 8.00 a.m. at Oslo Concert Hall (Munkedamsveien 14).

      Key figures Q1-10 (Q1-09) in NOK million:
      Operating revenues: 14 893 (13 448)
      EBITA: 704 (233)
      Profit before taxes: -3 422 (-315)
      Earnings per share diluted (NOK): -3.6 (0,7)
      Cash flow from operations: -50 (255)

      As of 31 March 2010(as of 31 March 2009):
      Net interest-bearing debt: 19 861 (26 588)
      Equity (%):52,9 (49,9)
      Net gearing: 0.43 (0.56)

      The first quarter in brief

      *
      Improved market conditions for Orkla Aluminium Solutions and Elkem's silicon operations contributed to 11% growth in sales: NOK 14,893 million compared to NOK 13,448 million in the first quarter of 2009.
      *
      Group EBITA* totalled NOK 704 million, compared to NOK 233 million last year.
      *
      Satisfactory profit improvement for Orkla Brands compared to a relatively weak first quarter in 2009.
      *
      Orkla Aluminium Solutions reduced its cost base and experienced positive market growth that led to a significant turnaround in profits. First-quarter EBITA* amounted to NOK 129 million (NOK -342 million)**.
      *
      Increased capacity utilisation and higher prices for Elkem Silicon-related (excluding Elkem Solar). Due to the extreme weather situation experienced by the Saudefaldene plant, with low inflow and low reservoir levels, production was considerably lower than normal, and the results for Elkem's remaining energy operations were weak. Comparative figures for 2009 include divested power plants.
      *
      REC reported EBITDA of NOK 415 million for the first quarter (NOK 510 million)**. Jotun has had a satisfactory start to the year, with results that are slightly better than last year.
      *
      The Group's investment in REC is accounted for according to the equity method. Orkla calculates the value of its stake on the basis of the market price, as long as the market price is lower than the carrying value under the principles applicable to associates. The market price was NOK 27.80 kroner on 31 March 2010, compared to NOK 44.75 on 31 December 2009. A total of NOK -4.552 million has been recognised in the income statement in connection with REC in the first quarter.
      *
      Including the change in the value of REC, the Group's pre-tax result in the first quarter was NOK -3.422 million (NOK -315 million)**.
      *
      The Share Portfolio delivered a first-quarter return of 11.2%, compared to the 10.2% return of the Morgan Stanley Nordic Index and the 1.4% return of the Oslo Stock Exchange Benchmark Index.
      *
      Net interest-bearing liabilities remained more or less unchanged during the first quarter, totalling NOK 19,861 million at the end of the quarter.

      The Group
      Orkla's first-quarter operating revenues totalled NOK 14,893 million, compared to NOK 13,448 million in the weak first quarter of 2009. The improvement is due to the increased demand and volume growth experienced by Orkla Aluminium Solutions, as well as higher prices and better markets for Orkla Materials' silicon-related products. Currency translation effects had a negative impact of NOK 846 million on first-quarter operating revenues.

      Group EBITA* for the first quarter totalled NOK 704 million (NOK 233 million)**. Profit was impacted by negative currency translation effects totalling NOK 24 million in the quarter.

      Orkla Brands delivered yet another good quarter. There was a positive trend in volume/mix, but sales were also positively affected by the timing of Easter compared to last year. Profit growth was broad-based and driven by innovations, cost improvements and positive currency effects related to purchasing.

      Orkla Aluminium Solutions' markets showed a positive trend in the first quarter. There was market growth in most segments in North America, and there were signs of improvement in several European markets. The exception is the building and construction market, which remains weak on both continents.

      As regards Orkla Materials, Elkem Silicon-related reported a positive underlying*** trend, with higher capacity utilisation and higher prices for key products. While Borregaard Chemicals reported improved profits for the speciality chemicals and ingredients businesses, this was more than counteracted by the more demanding market conditions faced by the fine chemicals business. Orkla Materials Energy reported abnormally weak results in the first quarter, due to the extraordinary weather situation at Saudefaldene. Extremely low inflow and very little snow resulted in low reservoir levels at quarter-end. Production totalled only 203 GWh, compared to a presumed normal first-quarter level of over 500 GWh. Elkem Solar continued to ramp up its plant in Kristiansand, and around 400 tonnes of solar-grade silicon were produced in the quarter.

      The Group's equity interests in REC (39.7%) and Jotun (42.5%) are presented according to the equity method on the line for associates. Orkla uses the market price as the value of its stake in REC, as long as the market price is lower than the carrying value in accordance with the principles applicable to associates. The market price was NOK 27.80 on 31 March 2010, compared to NOK 44.75 on 31 December 2009. A total of NOK -4,552 million was recognised in the income statement in connection with REC in the first quarter.

      The return on Orkla's Share Portfolio in the first quarter was 11.2%, compared to the 10.2% return of the Morgan Stanley Nordic Index (1.4% for the Oslo Stock Exchange Benchmark Index). At quarter-end, the market value of the Share Portfolio was NOK 11,727 million, after net share sales totalling NOK 389 million. Gains, losses and write-downs on the Share Portfolio amounted to NOK 339 million in the quarter (NOK -315 million)**. Accounting write-downs totalled NOK 11 million in the first quarter.

      Dividends received by the Group in the first quarter totalled NOK 138 million (NOK 45 million)**.

      Orkla's diluted earnings per share were NOK -3.6 in the first quarter, compared to NOK 0.7 in 2009. The change in the value of REC accounted for NOK -4.5 per share.

      * Operating result before amortisation, gain on sale of power plants, restructuring and significant impairments
      ** Figures in parentheses are for the corresponding period in the previous year
      *** Excluding acquisitions, divestments and currency translation effects.
      Orkla ASA
      Oslo, 5 May 2010
      Avatar
      schrieb am 21.07.10 22:51:38
      Beitrag Nr. 138 ()
      Published: 06:50 CEST 21-07-2010 /Thomson Reuters /Source: Orkla ASA /XOSL: TICKER ORK /ISIN: NO0003733800
      Orkla's first half 2010: Solid improvement in operating profit and sales


      Orkla's first-half operating profit (EBITA)* ended at NOK 1,641 million, compared with NOK 567 million in the same period of 2009. All of the business areas have contributed to the profit growth. Group sales had risen 14 percent** to NOK 30.9 billion after the first six months of the year, driven especially by improved markets for Sapa and Elkem Silicon-related.

      Operating profit (EBITA) reached NOK 937 million in the second quarter, compared with NOK 334 million in the same period of 2009. Sales grew 17 percent in the quarter.

      "It is gratifying to see that the measures implemented in the last years are taking effect. Orkla Brands and Jotun (42.5 percent ownership) continue to deliver strong results and margin growth. Sapa has had a profit upturn driven by internal improvements and recovering markets. Elkem Silicon-related is experiencing good demand and higher prices. The Group's two solar investments (REC (39.7 percent) and Elkem Solar) are in a ramp-up phase which is expected to show results in 2010/2011," says President and CEO Dag J. Opedal.

      Orkla Share Portfolio achieved a half-year return of 9.3 percent, compared with a return of 5.9 percent on the Morgan Stanley Nordic Index and -11.7 percent on the Oslo Stock Exchange Benchmark Index.

      As long as the market price of the REC shares is lower than the capitalised value, the carrying value will be written up and down as the market price fluctuates. The market price as at 30 June was NOK 15.61. For the second quarter, this entailed an accounting write-down of NOK 3.0 billion. Orkla's pre-tax result for the second quarter was thus NOK -1.8 billion (NOK 282 million in 2009).

      Dag J. Opedal has notified the Board of Directors of Orkla ASA that he wishes to step down as President and CEO in the course of the current year. The Board has commenced the process of finding his successor, and Mr Opedal will continue in his position until the successor is in place. Mr Opedal will continue to chair the Board of Directors of REC, and will remain Orka's representative on Jotun's Board of Directors. The Board of Directors of Orkla ASA thanks Dag J. Opedal for his wide-ranging efforts over the past 20 years to promote the development and growth of the Group, not least as President and CEO since 2005.

      * Operating profit (EBITA): Before amortisation, and other income and expenses
      ** Percentage change compared with the corresponding period of the previous year

      Key figures Q2-10 (Q2-09) in NOK million:
      Operating revenues: 16 002 (13 652)
      EBITA: 937 (334)
      Profit before taxes: -1 789 (282)
      Earnings per share diluted (NOK): -2.0(0.3)
      Cash flow from operations: 55 (1 197)

      As of 30 June 2010(as of 30 June 2009):
      Net interest-bearing debt: 24 786(27 903)
      Equity (%):47.3 (50.0)
      Net gearing: 0.60 (0.59)

      The first half-year in brief

      *
      Improved market conditions for Orkla Aluminium Solutions and Elkem's silicon-related operations boosted sales by 14% in the first half-year and 17% in the second quarter.
      *
      Orkla's operating profit (EBITA*) for the first half-year increased to NOK 1,641 million (NOK 567 million)**. Second-quarter EBITA* was NOK 937 million (NOK 334 million)**.
      *
      Orkla Brands continued its positive profit trend, achieving 10% profit growth in the first half-year, when EBITA* totalled NOK 1,281 million (NOK 1,160 million)**. The corresponding figure for the second quarter was NOK 657 million (NOK 638 million)**.
      *
      Orkla Aluminium Solutions experienced higher demand and sales volumes through the first half-year and achieved EBITA* of NOK 427 million (NOK -490 million)**. In the second quarter, which is seasonally the strongest quarter, EBITA* amounted to NOK 298 million (NOK -148 million)**.
      *
      Orkla Materials saw good demand for silicon-related products and attained close to full capacity utilisation (excl. Elkem Solar) at the end of the first half-year. Low inflow and reservoir levels for the Saudefaldene power plants led to substantially lower production than normal and weaker results for Orkla Materials Energy. First-half EBITA* for Orkla Materials was NOK 121 million (NOK 84 million)**, while second-quarter EBITA* was NOK 61 million (NOK -54 million)**.
      *
      The first-half return on the Share Portfolio was 9.3%, compared with 5.9% for the Morgan Stanley Nordic Index (Oslo Stock Exchange Benchmark Index -11.7%).
      *
      REC reported first-half EBITDA of NOK 869 million (NOK 760 million)**. Jotun continued to show positive growth at the end of the first four months, with an operating profit of NOK 446 million (NOK 339 million)**.
      *
      The Group's investment in REC is accounted for according to the equity method. Orkla bases the value of its equity interest on the market price as long as the market price is lower than the carrying value, according to the principles applied for associates. The market price as of 30 June 2010 was NOK 15.61. This generated an accounting charge of NOK -7.6 billion for the first half-year and NOK -3.0 billion for the second quarter.
      *
      Group pre-tax profit/loss for the first half-year thus totalled NOK -5,211 million (NOK -33 million)**, and NOK -1,789 million (NOK 282 million)** for the second quarter alone.


      * Operating profit before amortisation and other income and expenses
      ** Figures in parentheses are for the corresponding period in the previous year

      The Group
      Orkla's operating revenues for the first half-year totalled NOK 30,895 million (NOK 27,100 million)**, while second-quarter operating revenues amounted to NOK 16,002 million (NOK 13,652 million)**. The improvement on last year's results was primarily driven by the increased demand experienced by Orkla Aluminium Solutions and Elkem's silicon business.

      Compared with the first half of 2009, the euro has weakened against the Norwegian krone. In the first half of 2010, the Group had negative currency translation effects that reduced operating revenues by around NOK 1.5 billion and, for the second quarter alone, by around NOK 630 million.

      Group EBITA* for the first half-year was NOK 1,641 million (NOK 567 million)**, while second-quarter EBITA* came to NOK 937 million (NOK 334 million)**. Orkla Brands reported a satisfactory profit performance and underlying*** profit improvement in both the first half-year and the second quarter alone. Better markets and the positive effects of internal improvement projects resulted in a profit upturn for Orkla Aluminium Solutions of NOK 917 million, compared with the very weak first half of 2009. Orkla Materials posted first-half profit of NOK 121 million (NOK 84 million)**. Increased demand for silicon-related products resulted in nearly full capacity utilisation and EBITA* of NOK 435 million for the silicon-related units (excl. Elkem Solar). Elkem Solar is in a ramp-up phase entailing scheduled stoppages to carry out adjustments and optimisations. Elkem Solar reduced EBITA* by NOK 381 million in the first half-year. Orkla Materials Energy's contribution to profit was lower than normal due to the extremely low reservoir levels at Saudefaldene. Comparative figures for the first half of 2009 also include results from divested power assets. For the Group as a whole, EBITA* was negatively affected by currency translation effects totalling NOK 58 million in the first half-year, and NOK 34 million in the second quarter alone.

      Other income and expenses came to NOK -161 million in the first half-year (NOK -188 million in the second quarter). The largest items can be ascribed to the second quarter and consisted of the write-down of goodwill in Orkla Finans by NOK 105 million and a provision of NOK 63 million for the closure of Borregaard's factory in Italy, which also produced raw material for Borregaard's vanillin production in Sarpsborg. Meanwhile, Borregaard has entered into a long-term agreement for raw material deliveries from an external supplier. On a full-year basis, these changes are expected to have a positive impact on profit on the order of NOK 25 million.

      The Group's equity interests in REC (39.7%) and Jotun (42.5%) are presented according to the equity method on the line for associates. Orkla bases the value of its interest in REC on the market price as long as the market price is lower than the carrying value, according to the principles applied for associates. The market price as at 30 June 2010 was NOK 15.61. A total of NOK -7,576 million was thus recognised in the income statement for the first half-year and NOK -3,024 million for the second quarter in connection with REC. Associates' contribution to profit at 30 June (year to date) totalled NOK -7,392 million (NOK -75 million)**, and NOK -2,908 million (NOK -210 million)** for the second quarter.

      The first-half return on the Share Portfolio was 9.3%, compared with a return of 5.9% for the Morgan Stanley Nordic Index (-11.7% for the Oslo Stock Exchange Benchmark Index). Gains, losses and write-downs on the Share Portfolio totalled NOK 587 million (NOK -87 million)** in the first half-year. The second-quarter contribution to profit was NOK 248 million (NOK 228 million)**. Dividends received by the Group came to NOK 389 million (NOK 225 million)** in the first half-year and NOK 251 million (NOK 180 million)** in the second quarter.

      Orkla's first-half diluted earnings per share were NOK -5.6 (NOK 0.9)**. The change in the value of REC represented NOK -3.0 per share in the second quarter and NOK -7.4 per share in the first half-year. First-half tax is calculated to be NOK 428 million.

      On 6 May 2010, Orkla subscribed for a total of 132,078,878 shares at a subscription price of NOK 12.10 per share in the rights issue in REC. The subscription entailed that Orkla ASA subscribed for all of the subscription rights allocated to Orkla ASA and Elkem AS. After the completed rights issue, Orkla ASA owns 396,236,635 shares, thereby maintaining its equity interest in REC of approximately 39.7%.

      *Operating profit before amortisation and other income and expenses
      **Figures in parentheses are for the corresponding period in the previous year
      ***Excluding acquired and sold operations and currency translation effects

      Orkla ASA
      Oslo, 21 July 2010
      Avatar
      schrieb am 31.08.10 13:18:07
      Beitrag Nr. 139 ()
      30.08.2010 14:13
      REFILE-UPDATE 4-S.Korea's POSCO eyes Orkla's Elkem

      By Ju-min Park and Quentin Webb

      SEOUL/LONDON, Aug 30 (Reuters) - POSCO is considering a takeover of Norway's Elkem, a maker of silicon for solar panels, the CEO of the South Korean group said, in a move that would give the world's No.3 steelmaker a presence in the fast growing renewable energy materials space.

      Elkem, owned by pizza-to-aluminium conglomerate Orkla ASA , could cost POSCO around $1 billion, based on the company's financial figures and analyst research notes.

      A POSCO-Elkem takeover would be the latest example of assertive overseas dealmaking by South Korean firms, with state oil company Korea National Oil Corp in a $2.6 billion hostile takeover bid for Britain's Dana Petroleum Plc.

      A deal with POSCO would allow the Norway-based conglomerate to shed the silicon unit and sharpen its business focus.

      'This is clearly a positive for Orkla,' said analyst Anita Huun at Handelsbanken Capital Markets. 'The market wants to see a narrowing of Orkla's portfolio...to reveal the underlying value.'

      Oslo-based Orkla shares jumped 6.2 percent on Monday after Reuters reported news of Posco's interest in Elkem. POSCO ended up 2.6 percent.

      'We are internally considering (the takeover),' POSCO chief executive Chung Joon-yang told Reuters on Monday after signing a final deal to buy South Korea's top trading firm Daewoo International for 3.37 trillion won ($2.8 billion), its biggest takeover.

      Sources familiar with the matter said both sides had hired investment banks to advise on a deal, which could lead to a full takeover or a smaller transaction.

      Moelis&Co, an investment bank founded by veteran dealmaker Ken Moelis three years ago, has spent months advising Elkem on its options, according to three sources familiar with the matter. POSCO has hired Citigroup, two different sources familiar with the matter said.

      The sources spoken to for this story were not authorised to speak on the record about the matter.

      Moelis and Citi declined to comment. Orkla declined comment.

      CROSS-BORDER SOLAR TALKS

      'POSCO is very much interested in growing its non-steel businesses and especially expand into renewable energy to secure a future growth momentum,' said Woori Investment&Securities analyst Chang Lee.

      Elkem produces solar-grade silicon, metallurgical silicon, foundry industry alloys, carbon, and microsilica.

      In May, POSCO said RIST, its research unit, had held talks with Elkem's CEO on collaboration that could lead to 'opportunities to take advantage of Elkem's independent polysilicon-manufacturing technology.'

      Elkem's operating revenue fell 18 percent last year to 7.433 billion Norwegian kroner ($1.2 billion).

      The sources did not say what Elkem expected to fetch from a bid. Normally, a combination of revenues, cash flows and industry multiples play a role in the final purchase price.

      Goldman Sachs said in a note it expects Elkem's silicon and solar businesses to post a combined 2010 revenue of $1.3 billion with an earnings before interest, tax, depreciation and amortisation of $140 million.

      Huun, the Handelsbanken Capital Markets analyst, estimated Elkem's worth at around 8-12 billion Norwegian crowns, while another Norwegian trader who did not want to be named said it was worth 9 billion ($1.4 billion).

      'The main uncertainty about Elkem's valuation is Elkem Solar, which has not contributed to earnings yet,' Huun said. 'The market sees it as positive that Orkla makes structural moves. But it remains to be seen what the eventual price for this will be and if any offer is made.'

      ($1=6.280 Norwegian Crown)

      ($1=1195.1 Won)

      (Additional reporting by Michael Flaherty, Denny Thomas and Leonora Walet in HONG KONG, Richard Solem in OSLO and Miyoung Kim and Brett Cole in SEOUL)

      (Editing by Dhara Ranasinghe and Anshuman Daga)

      ((ju-min.park@thomsonreuters.com; +82 2 3704 5650; Reuters Messaging: ju-min.park.thomsonreuters.com@reuters.net)) Keywords: ELKEM POSCO/

      (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)

      COPYRIGHT

      Copyright Thomson Reuters 2010. All rights reserved.

      The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

      © 2010 AFX News
      2 Antworten
      Avatar
      schrieb am 31.08.10 13:43:16
      Beitrag Nr. 140 ()
      Antwort auf Beitrag Nr.: 40.073.719 von cmeise am 31.08.10 13:18:07Glaubst Du, dass da wirklich was kommen könnte?

      Strategisch gesehen, müsste dann ja auch REC zur Disposition stehen oder?
      1 Antwort
      Avatar
      schrieb am 31.08.10 16:27:59
      Beitrag Nr. 141 ()
      Antwort auf Beitrag Nr.: 40.073.861 von R-BgO am 31.08.10 13:43:16Das wage ich nicht abzuschätzen. Aber falls ja, gebe ich Dir mit REC vollkommen Recht.
      Avatar
      schrieb am 11.09.10 09:38:05
      Beitrag Nr. 142 ()
      08.09.2010 13:21
      UPDATE 1-Orkla names new CEO, prepares to sell businesses

      By Terje Solsvik and Joachim Dagenborg

      OSLO, Sept 8 (Reuters) - Bjoern Wiggen took the helm of Norwegian pizza-to-metals group Orkla on Wednesday, promising to reduce its exposure to solar energy and pare down the conglomerate to focus on its strongest businesses.

      Wiggen, previously head of Orkla-owned aluminium firm Sapa, took over as president and chief executive from Dag J. Opedal, who resigned in July after leading the group since 2005.

      'We will concentrate the group's activities on a smaller number of areas in the time to come, and we will seek to reduce our exposure to solar energy over time,' Wiggen, 50, said in a statement.

      Orkla is the main shareholder in Renewable Energy Corp (REC) but said in July that it may sell its 40 percent stake in the Norwegian solar energy firm.

      Orkla also owns aluminium firm Elkem, which South Korean group POSCO is eyeing to help it grow in the fast-growing sector of renewable energy materials.

      'We should aim to sell either Elkem or the REC stake within reasonable time -- I'd say within six months to two years,' Orkla Chairman Stein Erik Hagen told Reuters in an interview.

      Hagen also said that Orkla would focus on developing aluminium firm Sapa and its brands division, whose products include Pizza Grandiosa, washing powder and jam.

      'No units are holy, but it's natural to develop what we're good at,' Hagen said. 'Orkla Brands is the cash cow and has developed strongly, while Sapa is recovering nicely. We will continue to focus on those.'

      Analysts said Orkla's restructuring could happen quickly.

      'The process is already happening so things can happen fast ... I think it could take one to two years,' said Per Haagensen, an analyst at Fondsfinans.

      Shares in Orkla were down 1.4 percent to 52.4 crowns at 1101 GMT, lagging the Oslo benchmark index down 0.2 percent.

      Shares in REC were up 0.8 percent at 18.14 crowns.

      The current head of Sapa's operations in North America, Timothy Stubbs, will replace Wiggen as CEO of Sapa.

      (Additional reporting by Camilla Knudsen; Writing by Gwladys Fouche; Editing by Erica Billingham) Keywords: ORKLA/

      (gwladys.fouche@reuters.com; +47 22 93 69 76; Reuters messaging: rm://gwladys.fouche.reuters.com@reuters.net)

      COPYRIGHT

      Copyright Thomson Reuters 2010. All rights reserved.
      1 Antwort
      Avatar
      schrieb am 12.09.10 12:14:31
      Beitrag Nr. 143 ()
      Antwort auf Beitrag Nr.: 40.135.933 von cmeise am 11.09.10 09:38:05Danke für Dein Posting; sieht so aus, als ob sie von PV die Nase voll hätten...
      Avatar
      schrieb am 01.10.10 13:31:10
      Beitrag Nr. 144 ()
      Date: 1 October 2010


      Pareto has today signed an agreement to buy Orkla Finans. The primary objective of this acquisition is to strengthen focus on asset management and project financing.

      Under the acquisition Pareto AS will buy all the shares in Orkla Finans AS. The agreement is subject to the approval of the Financial Supervisory Authority of Norway and the Norwegian Competition Authorities.

      Pareto already manages securities and projects on behalf of clients for over NOK 79 billion, while Orkla Finans manages assets totalling around NOK 20 billion. "Through the purchase of Orkla Finans, Pareto will acquire products and expertise that will complete the range of services we offer in the fields of asset management and project financing," says Svein Støle, Managing Director of Pareto.


      Competence and scale economies

      "The financial sector is evolving in a direction that demands larger-scale operations and growing in-depth expertise on the part of each player. We have focused on finding an industrial owner for Orkla Finans who will promote this type of development," says Roar Engeland, head of financial investments at Orkla.


      Industrial match

      "The Pareto Group and Orkla Finans go hand in glove. This is a good industrial match that will benefit our clients and our employees alike. We have expertise, projects and products that can be further developed and grow in a partnership with Pareto. At the same time, we gain access to new competence and new products. For our investors, this translates into exciting, new investment opportunities," affirms Bjørn Slåtto, Managing Director of Orkla Finans.
      Avatar
      schrieb am 25.10.10 19:09:19
      Beitrag Nr. 145 ()
      We refer to earlier communications regarding the sale of Orkla's forests.

      Orkla is selling the wholly-owned forest companies Borregaard Skoger AS, AS Boerresen and Borregaard Vafos AS to Statskog for a total of NOK 1 725 million after a broad process with strong competition and a number of attractive offers . The sale covers approximately 1.1 million decares, of which around 750 000 decares are productive forest land. The transaction also encompasses Borregaard Skoger's equity interest in Statskog-Borregaard Skogsdrift (SB Skog).

      The transaction is subject to approval by Stortinget (the Norwegian Parliament). Completion of the transaction also assumes approval by the Norwegian Competition Authority.
      Avatar
      schrieb am 29.11.10 10:25:03
      Beitrag Nr. 146 ()
      Orkla Brands considers sale of Bakers




      Orkla Brands is considering selling Norway's leading bakery company, Bakers. A sale process is now being initiated, with a view to having a new owner in place by the end of the first half of 2011.


      Bakers has undergone significant restructuring in the past few years and is now a highly competitive company.


      "Bakery goods must be fresh each day, which requires a different type of business and distribution system than for other grocery products. In this respect, Bakers differs from our other branded goods operations," says Torkild Nordberg, CEO of Orkla Brands.


      Bakers, which has been owned by Orkla since 1991, makes daily deliveries of bread, cakes and other bakery goods to grocery stores, petrol stations, kiosks and other customers. Its

      best known products include breads like Bakers Naturlig Sunt, Bakern's Ferske, Birkebeinerbrød and Ingers SuperRug.

      Over time, Bakers has developed a broad range of high-quality, fresh products, based on very high food safety standards. A total of 12 local bakeries serve all of southern and central Norway through a well-developed and efficient distribution system. The company's head office is located at Økern in Oslo. Bakers has approximately 880 employees and had operating revenues of around NOK 1.4 billion in 2009.

      Bakers is part of Orkla Foods Nordic, which is a business unit of Orkla Brands.
      Avatar
      schrieb am 30.11.10 13:45:41
      Beitrag Nr. 147 ()
      Man merkt dass der neue Chef aus dem Alu-bereich kommt und wenig Sinn für anderes hat.

      Orkla forms aluminum JV in South East Asia
      Friday, 26 Nov 2010
      Orkla ASA aluminum solutions business bought 65% stake in an Asian company and will form JV with the Vietnamese minority owner as part of a plan to expand on the continent.

      Orkla’s Sapa unit will buy the stake in Vijalco from Japan’s Tachibana and Sojitz Corporation and form a partnership with Vietnam’s Ben Thanh Group.

      According to the statement, Vietnam Japan Aluminium Company was formed in 1996 and employs 150 people. The company produces standard profiles for the building and construction industry and more specialized products for the furniture and automotive industries.

      Mr Jarle Dragvik who was named GD of the new company Sapa BTG said that the acquisition is important as it is one of the first steps in the South East Asia region for expanding in the Vietnamese market.

      (Sourced from Bloomberg)
      Avatar
      schrieb am 10.01.11 10:33:39
      Beitrag Nr. 148 ()
      In response to news article in Dagens Næringsliv today, Orkla ASA hereby confirms that it is in negotiations with China National Bluestar regarding a possible sale of Elkem AS' silicon-related operations, including Elkem Solar. The agreement does not include the shares in Elkem Energi AS.

      Orkla ASA will make a further announcement as and when appropriate.

      Orkla ASA,
      Oslo, 10 January 2011
      1 Antwort
      Avatar
      schrieb am 11.01.11 08:23:43
      Beitrag Nr. 149 ()
      Antwort auf Beitrag Nr.: 40.830.922 von R-BgO am 10.01.11 10:33:39ging ja schnell:

      Press release: Orkla sells Elkem to China National Bluestar


      Orkla ASA has signed a binding agreement with China National Bluestar (Group) Co., Ltd (Bluestar) for the purchase and sale of Elkem. The transaction comprises Elkem Silicon Materials, Elkem Foundry Products, Elkem Carbon and Elkem Solar. According to the agreement, the sales price is USD 2 billion for Elkem before closing- and capital structure adjustments. The agreement includes the 1.5 TWh/year power contract Orkla acquired last year which will ensure that Elkem's smelting plants in Norway will have a secure and long-term competitive power base. Orkla will remain the owner of the shares in Elkem Energi AS, including its 85 % stake in AS Saudefaldene.

      Bluestar is a leading China-based international chemicals and new materials company, with 2010 sales in excess of USD 6 billion and Head Office in Beijing. The company is 80%-owned by the Chinese state-owned company ChemChina, with the remaining 20 % owned by the US private equity firm Blackstone Group. Since 2006 Bluestar has performed a number of international acquisitions, including Adisseo and Rhodia's Silicones business in France, and the Australian company Qenos.

      Elkem will become an important part of Bluestar's operations going forward. With this transaction Bluestar will strengthen its competitiveness in the silicone industry and broaden its footprint in adjacent markets. All of Elkem's business areas and technologies are important for supporting the booming Chinese economy and will help the country in reaching its global climate targets. Elkem Solar's technology for the highly energy-efficient and environment-friendly production of solar-grade silicon reduces the risk of emitting environmentally damaging substances and enjoys a significantly lower energy consumption than traditional technologies. Elkem is in a worldwide leading position in this new technology.

      "It is important to secure that Elkem has a new owner able to further develop its potential and keep its competence and resources united. In Bluestar, Elkem will have an owner that has solid financial capacity and is well positioned in the world's largest market for metals and renewables. Bluestar has the best attributes to take advantage of the potential of Elkem's technological strength and competence", states Bjørn M. Wiggen, President and CEO of Orkla ASA."

      Helge Aasen, CEO of Elkem, comments as follows: "China is or will be the biggest and highest-growth market for silicon metal, foundry products, solar-grade silicon and other products offered by Elkem. I believe that by joining forces with Bluestar Elkem will have a strong platform for promoting its technological leadership and securing a prosperous development going forward. For Elkem, with Bluestar as our new owner, we will achieve one of our main targets, namely a stronger presence in Asia in general and in China in particular. This will strengthen the position of our plants, both in Norway and in the rest of the world. In addition, Elkem will also have the opportunity to take a leading role in the upgrading and further development of Bluestar's silicon-related operations, especially in China. We look forward to working with our new colleagues from Bluestar. "

      Mr Ren Jianxin, President of Chemchina and Chairman of Bluestar, sees strong potential for a combined Elkem-Bluestar organisation:

      "Elkem will play an active role in promoting the international and technological management of Bluestar's business, further expanding Bluestar's silicone industry chain and improving its global competitiveness.. Combining Bluestar with Elkem will be of great benefit to both companies: For Elkem, its access to Asia, and especially China will be significantly enhanced going forward, which is a real advantage given the size and growth of China and Asia for most of Elkem's products. For Bluestar, the combination with Elkem will give them access to Elkem's excellent management experience and industry-leading technological know-how. We strongly believe in the huge potential for Elkem's new solar-grade technology with its leading energy efficiency and environmental safety characteristics. I am welcoming Elkem into the Bluestar family as I am convinced that our diversity in terms of management background and technology, industry experience, culture and regional footprint will be the source of our combined strength.

      The transaction will not involve significant changes to Elkem's main structure or to the operation of its existing plants. Completion of the transaction is subject to the approval by certain Chinese and competition authorities, as well as the approval by the Norwegian authorities. Completion is expected during the 1st half of 2011.

      Bluestar was assisted by The Royal Bank of Scotland as financial advisor, and Selmer and Skadden as legal advisors. Orkla was assisted by Moelis & Company as financial advisor and Thommessen as legal advisor.

      A press conference will be held at Orkla`s head office at Skøyen in Oslo, today at 10.00 CET. The press conference will be webcasted at www.orkla.com.


      Orkla ASA
      Oslo, 11 January 2011
      Avatar
      schrieb am 10.02.11 09:10:10
      Beitrag Nr. 150 ()
      Improved markets and profit growth for Orkla


      Orkla's operating profit (EBITA) increased by 14% from NOK 1,161 million in the fourth quarter of 2009 to NOK 1,322 million in the same period of 2010. Full-year operating profit (EBITA) increased by 30% from NOK 3,029 million to NOK 3,944 million. 2010 was a good year for the Share Portfolio, which achieved a return of 31.8 %.

      "The broad-based improvement for Orkla's industrial activities reflects both operational improvements and better markets. We are continuing to keep up the pressure with regard to operational improvements, while also pursuing our structural development efforts," says Orkla President and CEO Bjørn M. Wiggen.

      Growth in volume and product mix and stronger market shares contributed to the improved results from Orkla Brands. Particularly good progress was made by the larger businesses in the Nordic region. Raw material prices continue to rise, a trend that will have to be countered by cost cuts and price increases. Important expansion investments were made in 11 companies and one brand in 2010.

      Sapa reported significant improvement in volumes and profit in 2010. However, further volume increases are required to bring the market back to more normalised levels. Particularly volumes in the North American and South European markets remain low. Renewed emphasis has been put on improvement programmes with a view to improving the company's cost position, particularly in the profiles business. Sapa Heat Transfer has seen an increase in new orders. The start-up of the new factory in Shanghai is proceeding as planned, and Sapa is continuing its expansion in Asia.

      Borregaard is experiencing good demand and higher prices, and reported good operating results in the fourth quarter. The hydro power business was impacted by the fact that 2010 was extraordinarily dry and cold. REC reported a good fourth quarter, with EBITDA of NOK 1836 million. The Share Portfolio delivered a very positive performance, achieving a return for the year of 31.8%, compared with 18.3% for the Oslo Stock Exchange.

      In accordance with Orkla's dividend strategy, the Board of Directors proposes to pay an ordinary dividend of NOK 2.50 per share for 2010. This increase in dividend is in line with Orkla's goal of delivering a stable, growing dividend to shareholders over time.

      "Orkla will continue to create long-term value by developing a portfolio of companies and investments. The interaction between the company's solid financial and industrial expertise and experience will remain the core of Orkla's business model. Orkla will actively develop and support the various units in the Group. This means that the portfolio cannot be too broad, which is why we are concentrating our activities and reallocating resources and capital to the businesses in which Orkla is best positioned for success. Continuous focus on operational efficiency in every part of the value chain will lay a solid foundation for the company's growth," says President and CEO Bjørn M. Wiggen.
      Avatar
      schrieb am 08.03.11 12:02:06
      Beitrag Nr. 151 ()
      On 4 March 2011, Sapa Profiles India Pvt Ltd entered into an agreement with Alufit (India) Pvt Ltd, whereby Sapa will buy the assets of Alufit related to its aluminium extrusion business operated out of its plant in Kuppam, close to Bangalore in southern India. The transaction is subject to various regulatory conditions, which the parties expect to satisfy in the near future. The plant, which was built in 2009, is an integrated one-press extrusion facility with both powder coating and anodizing capabilities.


      "It is Sapa's clear ambition to establish a strong presence in Asia. The transaction with Alufit in India is an important step to realize this ambition. Through this transaction Sapa will be able to extend its products and technical expertise to the growing base of Indian customers", says Johan Menckel, Business Area President Sapa Asia & Middle East.

      Sapa has already established a manufacturing plant for extrusion based thermal management applications in Bangalore, and the transaction with Alufit will allow Sapa to further expand its business in India. "We expect strong growth in the quickly developing Indian market. Customers are increasingly demanding higher quality and more complex solutions, which Sapa will be able to supply", says Johan Menckel.

      After the completion of the transaction, Sapa would be the first global aluminium extrusion company with local production facilities in India.

      Sapa is owned 100% by Orkla ASA.
      Avatar
      schrieb am 10.04.11 11:18:43
      Beitrag Nr. 152 ()
      Sapa and Chalco forms a joint-venture to serve the Chinese rolling stock market


      On Friday April 8, Aluminium Corporation of China Limited (Chalco), the largest aluminium company in China, and the Sapa Group, the world's largest aluminium extrusion company, signed a joint venture (JV) agreement to serve the rapidly growing Chinese rolling stock market. Each party will have 50% shareholding in the new JV.

      The JV will build a state-of-the-art fully integrated aluminium extrusion and fabrication facility in Chongqing in South West China. In addition it will establish R&D facilities to support the development of the rolling stock companies in China. This facility will comprise the latest of technology both with regards to extrusion, press- and fabrication capabilities. The total investment will be almost 70 million Euro.

      The establishment of the JV matches well the development of the high-speed train industry in China. According to the 12th Five-Year plan for 2011-2015, China intends to invest a total of 3.5 trillion Renminbi in high-speed rail projects over the next five years. The total length of China Railway High-speed will be over 13,000 km by end of 2012 and 18,000 km by end of 2020. It is expected that there will be in excess of 800 high-speed trains running to match this infrastructure investment. The train industry is regarded as a pillar industry in China, with positive spin-offs on several other industries.

      "We are proud to enter into a joint venture with Chalco, the biggest aluminium company in China. Sapa and Chalco combine qualities and strengths that will enable the JV to serve the rolling stock market in China with aluminium products in an excellent way. Sapa's extrusion technology and especially its leading position in Friction Stir Welding will be of great value for the JV. Chalco on the other hand with its market position and its rich aluminium experience will play a significant role in the development of this JV", says Bjørn M Wiggen, Chairman of Sapa.

      "This cooperation represents the first JV project done by Chalco in the aluminum fabrication and it also corresponds to the development outlined in the 12th Five-Year plan. This project will be an important milestone in the strategic transformation, internationalization and technological development of Chalco. The JV will be a major cooperation between Chalco and Sapa with great potential for the future. The two companies will enhance each other by their competences, build a world class aluminum profile enterprise dedicated to rolling stock industry and support the Chinese railway industry." says Mr Xiong Weiping, Chairman of Chalco.

      Chalco and Sapa will utilize both parties' existing facilities in order to start serving the market in the near future. The new green-field plant is planned to be ready for production in the beginning of 2013.

      Completion of the JV establishment is subject to the approval by certain Chinese authorities. Completion is expected during the 2nd quarter of 2011.
      Avatar
      schrieb am 20.07.11 14:38:58
      Beitrag Nr. 153 ()
      Published: 06:50 CEST 20-07-2011 /Thomson Reuters /Source: Orkla ASA /XOSL: ORK /ISIN: NO0003733800

      Press release: Continued improvement for Orkla


      Orkla's operating profit (EBITA) increased by 16% to NOK 1,079 million in the second quarter of 2011. Sapa continued to achieve profit growth. Profit was also boosted by strong markets and good results for Borregaard, as well as normalised production in the hydropower business. Profit for Orkla Brands was affected by a natural lag in the effect of price increases to compensate for higher raw material prices. Price rises have been implemented for the second half of 2011.

      "Operational excellence is the core of Orkla's value creation, and it is therefore gratifying that operating profit shows improvement for the eighth consecutive quarter. Sapa is experiencing a positive trend in North America, in terms of both market growth and operations, while the trend in Europe is still weak. The current situation with higher raw material prices has impacted negatively on profit for Orkla Brands in the second quarter," says Orkla President and CEO Bjørn M. Wiggen.

      Sapa's extrusion business in North America is experiencing improved markets, particularly for deliveries for the production of means of transport, and has delivered satisfactory results in the second quarter. The restructuring of the company's North American operations following the acquisition of Indalex has laid the foundation for good operational performance.

      Sapa is now further restructuring and optimising its European production system. This will initially affect its operations in Denmark, Benelux and Portugal. The restructuring entails proposals to close plants, entirely or partially, and relocate production equipment. The restructuring process will affect 450 persons.

      "The restructuring is an important step towards strengthening Sapa's long-term competitive ability and achieving the business's operational goals," Bjørn M. Wiggen points out.

      Orkla Brands reported slightly lower second-quarter profit this year than in 2010. Stabburet and Procordia in particular delivered good results, while results for Orkla Brands Russia and Bakers were weak. The Nordic branded consumer goods business is impacted by a natural lag in the effect of price increases to compensate for higher raw material prices, and has implemented price rises that will have effect in the second half of 2011. The process of selling Bakers is still ongoing.

      Borregaard's chemicals business is experiencing very good market conditions for several of its products, and is delivering good results. However, profit is negatively impacted to a certain extent by the high exchange rate for the Norwegian krone, and market performance is expected to weaken somewhat towards the end of the year. After heavy precipitation in the second quarter, hydro power production was back at the more or less normal level in the quarter, and significantly higher than last year. At the same time, reservoir levels have been built up from substantially below normal to above normal.

      In accordance with Orkla's accounting principles, the Group's shareholding in REC has been written down to the market price at 30 June. The return on the investment portfolio was higher than the return for the Oslo Stock Exchange Benchmark Index and the Morgan Stanley Nordic Index in the second quarter, while portfolio holdings were reduced to under NOK 10 billion during the quarter, in line with the Group's strategic objective.

      Orkla ASA
      Oslo, 20 July 2011
      Avatar
      schrieb am 02.10.11 09:24:51
      Beitrag Nr. 154 ()
      hallo r-BgO,

      bist du noch dran an orkla und kannst noch mal einige neue infos reinstellen. denke über einen kauf nach.

      danke
      Avatar
      schrieb am 27.10.11 07:39:34
      Beitrag Nr. 155 ()
      Published: 06:50 CEST 27-10-2011 /Thomson Reuters /Source: Orkla ASA /XOSL: ORK /ISIN: NO0003733800

      Press release: Continued operational improvement for Orkla


      Orkla's operating profit (EBITA) increased by 9% to NOK 1,124 million in the third quarter of 2011. Orkla Brands has compensated for the high raw material prices, and delivered satisfactory results for the quarter. Borregaard continues to benefit from good market conditions, and the company delivered its best quarterly result ever. Sapa is experiencing softer markets, especially in Europe, but profit performance for its extrusion operations in North America is satisfactory.

      "Due to our focus on operational excellence, Orkla can show improvement in operating profit for the ninth consecutive quarter, despite challenging markets for several of our businesses," reports Orkla President and CEO Bjørn M. Wiggen.

      Results for Orkla Brands are on a par with last year, and margins for the branded consumer goods business have stabilised. In difficult grocery markets, Orkla Brands has implemented price increases to compensate for higher raw material prices. Raw material prices were significantly higher than in the third quarter of 2010, but have recently fallen slightly. Price trends for the different raw materials vary substantially. Orkla Brands' Russian business has achieved some profit improvement, and the merger of SladCo and Krupskaya is proceeding as planned.

      Sapa's extrusion business is experiencing softer markets. Profit performance for Sapa Profiles North America is satisfactory, while the weak trend in Europe continues. Expectations of underlying market growth in 2011 as a whole were reduced in the course of the quarter. For Sapa, the fourth quarter is expected to be slightly weaker than the third quarter.

      "It is positive that Sapa's North American operations are still showing improvement in more challenging markets. At the same time, the difficult economic situation in Europe underscores the necessity of the additional restructuring measures that are now being implemented in our European organisation," Bjørn M. Wiggen points out.

      Borregaard continues to experience favourable markets and achieve profit growth. The speciality cellulose business reported particularly strong profit improvement.

      "The fact that Borregaard has delivered its highest quarterly result ever shows that the organisation is capable of optimising its production and marketing operations in good market conditions. At the same time, good progress is being made on new innovations," declares President and CEO Bjørn M. Wiggen.

      At Orkla Investor Day in London on 14 September, Orkla explained the company's strategy. Orkla's growth is to take place in the branded goods business. Furthermore, the Share Portfolio, REC, Borregaard and Sapa will lie outside Orkla's future area of growth.

      "We have clearly defined the direction in which Orkla is to go. Orkla is to be further developed as the leading branded goods company in the Nordic region, based on Orkla Brands' strong market positions. At the same time, we will give priority to seeking out new companies operating in categories close to our present businesses, while maintaining our centre of gravity in the Nordic region. In our view, the unrest in the financial markets may offer greater opportunities for value-creating acquisitions," says Wiggen.

      "Orkla faces a demanding phase of transformation, in which we have deliberately put ourselves under considerable pressure. We will deal with this process in accordance with our fundamental principles, where the Group's goal of long-term value creation will be determinant for our decisions," affirms Bjørn M. Wiggen.

      Oslo, 27 October 2011
      1 Antwort
      Avatar
      schrieb am 27.10.11 09:03:42
      Beitrag Nr. 156 ()
      Antwort auf Beitrag Nr.: 42.263.588 von R-BgO am 27.10.11 07:39:34Die REC-Abschreibungen tuen schon weh...
      Avatar
      schrieb am 03.11.11 16:31:49
      Beitrag Nr. 157 ()
      Published: 16:13 CET 03-11-2011 /Thomson Reuters /Source: Orkla ASA /XOSL: ORK /ISIN: NO0003733800

      Orkla ASA : Extraordinary General Meeting 2011


      An extraordinary general meeting of Orkla was held on 3 November 2011 at the company's offices at Karenslyst allé 6, Oslo, where the sole matter on the agenda was treatment of the proposal put forward by the board of directors with regard to extraordinary dividend.

      The proposal regarding payment of extraordinary dividend of NOK 5 per share, exclusive of treasury shares, was adopted.

      The share will be traded exclusive of dividend on 4 November 2011. The dividend payment will take place on 15 November 2011 to shareholders of record as per the date of the extraordinary general meeting.
      Avatar
      schrieb am 26.01.12 10:59:42
      Beitrag Nr. 158 ()
      The Norwegian Competition Authority has approved Orkla Brands' sale of Bakers


      Orkla Brands announced on 17 November 2011 that they had concluded an agreement for the sale of Bakers, and that the buyer was NorgesGruppen. The deal has now been approved by the Norwegian Competition Authority. Closing date is 1 February.

      Orkla has owned Bakers since 1991, delivering breads, cakes and bakery goods to grocery stores, petrol stations, kiosks and other large-scale customers.

      The agreement covers all Bakers' bakeries, with the exception of the business involving the production of pizza at Sem, which will be continued by Stabburet.

      "In a demanding market, Bakers has undergone significant restructuring in recent years and is currently a leading bakery enterprise in Norway. However, Bakers differs considerably from Orkla Brands' other branded goods operations. Bakery goods must be fresh each day, which requires a different type of operational and distribution system from our other grocery products. Structural changes, substantial capacity and keen competition have characterised and will continue to characterise the bakery industry," comments Torkild Nordberg, CEO of Orkla Brands.
      Avatar
      schrieb am 13.02.12 18:45:52
      Beitrag Nr. 159 ()
      Published: 06:55 CET 09-02-2012 /Thomson Reuters /Source: Orkla ASA /XOSL: ORK /ISIN: NO0003733800

      Satisfactory for Orkla in 2011 in challenging markets


      Orkla delivered satisfactory operating profit for 2011 taken into account that the markets for many of its businesses were challenging. Sales rose by 6% to NOK 61 billion, while operating profit amounted to NOK 4,041 million, approximately NOK 100 million higher than in 2010. The process of turning Orkla into purely a branded consumer goods company is in full swing. Orkla's financial leeway was significantly strengthened in 2011 through the sale of businesses, which means that the Group is well positioned to grow in the branded goods sector.

      Fourth-quarter operating profit (EBITA) totalled NOK 1,052 million, compared with NOK 1,322 million in 2010. The negative difference is largely explained by the fact that Orkla realised a gain of around NOK 200 million in the last quarter of 2010 through the sale of Orkla's headquarters in Oslo. Orkla Brands delivered operating profit which, underlying, was 3% lower than in the same period of 2010. The decline is ascribable to weak sales towards the end of the year for certain categories such as confectionery and biscuits, and the fall in Lilleborg's export deliveries. Particularly Stabburet, Axellus, the Chips Group and Orkla Brands Russia reported good improvement in the fourth quarter of 2011.

      "Despite demanding markets, it is gratifying to see that Orkla Brands is maintaining its strong market positions in the Nordic region, despite having raised prices to compensate for higher raw material costs. We are also pleased that the measures implemented in Russia are now producing results," says President and CEO Bjørn M. Wiggen.

      As expected, Sapa's fourth-quarter results were weaker than for the same period of 2010. In North America, Sapa Profiles continues to deliver a positive performance with both volume and profit growth. The market trend in Europe is still weak, but the reduced cost base is making a positive contribution. The primary reason for the weaker results is the negative trend for Sapa Heat Transfer's Swedish business. Volumes have been moved from the Swedish operations to China, and price rises and organisational and other operational improvements have been carried out to improve Heat Transfer's results.

      The sell-off of holdings in the share portfolio is an ongoing process in line with the strategy announced by the Group. The portfolio was reduced by a further NOK 2 billion in the fourth quarter, bringing the total reduction in 2011 to NOK 4.5 billion. At year-end, the value of the portfolio was NOK 5.5 billion. Sales of portfolio holdings will continue in 2012.

      "In the course of 2011, we strengthened our financial leeway through the sale of Elkem and the sell-off of holdings in the share portfolio. At the same time, we have paid out substantial capital to our shareholders. We have identified several possible candidates for acquisition, and have the necessary expertise and patience to make good acquisitions," says Orkla`s President and CEO Bjørn M. Wiggen.

      The Board of Directors proposes a dividend for the fiscal year 2011 of NOK 2,50 per share.
      Avatar
      schrieb am 08.03.12 09:33:58
      Beitrag Nr. 160 ()
      im Moment kaufen sie eigene Aktien wie die Blöden:

      am 15.2. waren es noch 9.363.122 im Bestand
      heute sind es bereits 14.921.791 (bekomme täglich eine Info-Mail)
      3 Antworten
      Avatar
      schrieb am 08.03.12 11:31:15
      Beitrag Nr. 161 ()
      Antwort auf Beitrag Nr.: 42.868.893 von R-BgO am 08.03.12 09:33:58Das sollen sie ruhig weitermachen - wenns dem Kurs auf die Beine hilft. Aufgrund der nervigen Besteuerung halte ich nicht soviel von Extradivs, wie im letzten Jahr.
      2 Antworten
      Avatar
      schrieb am 08.03.12 11:39:24
      Beitrag Nr. 162 ()
      Antwort auf Beitrag Nr.: 42.869.902 von cmeise am 08.03.12 11:31:15das ist wahr; bin gerade dabei, meinen Erstattungsantrag nach Norwegen für die Jahre 2008-2011 fertigzumachen
      1 Antwort
      Avatar
      schrieb am 08.03.12 12:21:33
      Beitrag Nr. 163 ()
      Antwort auf Beitrag Nr.: 42.869.951 von R-BgO am 08.03.12 11:39:24Ich hab nicht besonders viele Stücke - wenn ich mir die Fomulare anschaue, die mir die Bank geschickt hat, steht der Aufwand in keinem Verhältnis. Und ausserdem habe ich keine Lust auf den Papierkrieg...
      Es ist mir unbegreiflich, dass die sich nicht an den normalen Doppelbesteuerungsabkommen beteiligen.
      Avatar
      schrieb am 30.04.12 08:49:43
      Beitrag Nr. 164 ()
      Published: 08:05 CEST 30-04-2012 /Thomson Reuters /Source: Orkla ASA /XOSL: ORK /ISIN: NO0003733800

      Åge Korsvold appointed as Acting President and CEO of Orkla

      Orkla's Board of Directors and Bjørn M. Wiggen have agreed that he will resign as President and CEO of Orkla with effect from 30 April. The Deputy Chair of the Board of Directors, Åge Korsvold, has been appointed as Acting President and CEO.

      "The change of CEO entails no change in Orkla's strategy. The company intends to strengthen its position as the leading branded goods company in the Nordic region. At the same time, the company's non-core businesses will be divested," says Stein Erik Hagen, Chair of Orkla's Board of Directors.

      The change of CEO and preliminary accounting figures are being made public now in order to eliminate any uncertainty that may have been created by media reports on 28 April.

      "Orkla is at a crucial stage of a demanding process of transforming the Group into a pure branded goods company. The Board of Directors wishes to be more closely involved in this process. The main reason for the change of President and CEO is disagreement between the Board and Bjørn M. Wiggen as regards ways of working. I am therefore pleased that the Deputy Chair of the Board, Åge Korsvold, has agreed to be appointed as Acting President and CEO," says Board Chair Stein Erik Hagen.

      Åge Korsvold has many years of experience in top executive and Board positions in Norwegian and international business and industry, including as CEO of Storebrand from 1994 to 2000 and CEO of Kistefos AS from 2001 to 2010. He has been a member of Orkla's Board of Directors since May 2011.

      "As Deputy Chair, Åge Korsvold has held a key position on the Board of Directors since May 2011, including in the process of formulating the Group's strategy. Along with the rest of the Group's top management, he will assure the necessary continuity in Orkla in the months to come," says Board Chair Stein Erik Hagen.

      "My primary task will be to drive the transformation of Orkla into a pure branded goods company. Orkla is the leading brand builder in the Nordic region. We will build on the Group's strong market positions to create a stronger Orkla," declares Åge Korsvold.

      "I would like to thank Bjørn for his efforts as President and CEO in a very demanding period, and for his work for the Group over many years," says Stein Erik Hagen.

      The process of finding a new President and CEO for Orkla has begun.
      Avatar
      schrieb am 03.05.12 13:10:32
      Beitrag Nr. 165 ()
      da rappelt es jetzt aber ordentlich:


      Published: 12:43 CEST 03-05-2012 /Thomson Reuters /Source: Orkla ASA /XOSL: ORK /ISIN: NO0003733800

      Torkild Nordberg leaves position as CEO Orkla Brands

      Orkla and Torkild Nordberg has agreed that he will leave his position as CEO Orkla Brands. Formalization of his leaving the position will be made in the meeting of the board of directors of Orkla Brands one of the following days.

      "Torkild Nordberg has had a significant impact on the development of Orkla Brands, especially over the last ten years, as CEO of Orkla Brands Nordic from 2002, and as CEO of Orkla Brands from 2008. I would like to thank Torkild for his efforts for the Group over many years", says acting president and CEO Åge Korsvold.

      Orkla ASA
      Oslo, 3 May 2012
      Avatar
      schrieb am 24.06.12 15:04:48
      Beitrag Nr. 166 ()
      Published: 08:36 CEST 22-06-2012 /Thomson Reuters /Source: Orkla ASA /XOSL: ORK /ISIN: NO0003733800

      Orkla acquires Jordan

      Orkla has entered into an agreement to buy Jordan, a leading branded consumer goods company in the oral hygiene, cleaning and painting tools segments.

      Under the agreement, Orkla ASA will acquire 100% of the shares in Jordan Personal & Home Care AS and Jordan House Care AS. In 2011, sales totalled approximately NOK 900 million. Operating profit (EBITA) was NOK 90 million and operating profit before depreciation and write-downs (EBITDA) was NOK 120 million. At year-end, the company had around 620 employees.

      The purchase price for the company is NOK 1,180 million on a cash and debt-free basis. The seller is Jordan AS, which has been a Norwegian family-owned company since its establishment in 1837.

      Jordan is market leader in the Nordic region in toothbrushes, toothpicks and dental floss, as well as painting tools. In Norway, Jordan is the leading supplier of dishwashing brushes and microfiber cloths to the grocery sector. The company also exports its products to several countries outside the Nordic region. Jordan is Europe's third largest manufacturer of painting tools, under brands such as Anza, Spekter and Hamilton. Its subsidiary Peri-dent is one of the world's leading manufacturers of dental floss.

      "Jordan is a company with long-standing traditions, and has strong brands that have established solid positions in their home markets. This acquisition is fully in line with our strategy to expand in the branded consumer goods sector in the Nordic region," says Orkla President and CEO Åge Korsvold.

      Jordan will be part of Orkla Brands Nordic.

      "In the past few years, Jordan has carried out major, significant improvement projects that have laid the foundation for profitable growth. We have considered various strategic courses of action to ensure the company's continued progress, and are confident that Orkla as owner will take Jordan to new heights," says Per-Arnfinn Brekke, CEO of Jordan and representative of the sixth generation of family owners.

      The agreement is subject to the approval of the Norwegian competition authorities.

      Orkla ASA
      Oslo, 22 June 2012
      Avatar
      schrieb am 25.07.12 09:38:08
      Beitrag Nr. 167 ()
      Published: 06:55 CEST 20-07-2012 /Thomson Reuters /Source: Orkla ASA /XOSL: ORK /ISIN: NO0003733800

      Stable performance for Orkla's branded consumer goods

      Orkla's operating profit (EBITA) amounted to NOK 992 million in the second quarter, compared with NOK 1,079 million in the corresponding period of 2011. The timing of Easter sales and weak markets for Sapa Profiles Europe impacted negatively on second-quarter profit. Operating profit totalled NOK 1,880 million in the first half of 2012, which is a slight improvement.

      Orkla's operating revenues amounted to NOK 15,145 million in the second quarter, compared with NOK 15,897 million in the corresponding period of 2011.

      Taking into account the timing of Easter sales, the Branded Consumer Goods area posted operating profit on a par with last year. Sales volumes improved in the Nordic grocery market, and overall market shares were maintained. The Branded Consumer Goods area accounted for around 60% of Orkla's profit.

      "Orkla is in a transitional phase towards becoming a pure branded consumer goods company. The new Group executive management possesses strong branded goods expertise. This will ensure that we maintain focus on operational excellence and organic growth, while we carry out structural changes. The acquisition of Jordan is entirely in line with our strategy of expansion in the branded consumer goods area," says President and CEO Åge Korsvold.

      Stabburet in Norway, the Chips Group in the Nordic region and the Baltic businesses reported a positive sales and profit performance in the second quarter. MTR in India achieved 23% growth in sales in the second quarter. Orkla Brands Russia saw moderate sales improvement. To increase the competitiveness of the Russian operations, the number of factories will be reduced from four to three.

      Weak markets brought a decline in volumes for Sapa Profiles Europe in the second quarter. Sapa Profiles North America continued to achieve improved volumes and profitability. Sapa Heat Transfer strengthened its performance in the second quarter, following the implementation of improvement measures. Borregaard Chemicals continued to deliver strong results in the second quarter. Lower power prices contributed to weak results for Hydro Power.

      In accordance with Orkla's accounting practice, the investment in REC was written down to market value at quarter end. Orkla's profit before tax amounted to NOK 2.1 billion in the first half of 2012. The sell-off of the share portfolio is proceeding as planned. In the first half of 2012, net sales of shares totalled just over NOK 2 billion.

      Orkla ASA
      Oslo, 20 July 2012
      Avatar
      schrieb am 20.08.12 09:22:21
      Beitrag Nr. 168 ()
      Published: 07:00 CEST 20-08-2012 /Thomson Reuters /Source: Orkla ASA /XOSL: ORK /ISIN: NO0003733800

      Orkla buys Rieber & Søn

      Orkla ASA has signed an agreement with the Rieber family for the purchase of their shares in Rieber & Søn ASA. In so doing, Orkla takes a significant step towards becoming a pure play branded consumer goods company.

      The agreement encompasses 90.11 per cent of the shares in Rieber & Søn at a price of NOK 66.58 per share. The transaction values the entire company (on a debt-free basis) at NOK 6.1 billion*.

      Rieber & Søn is listed on the Oslo Stock Exchange, and is an important supplier to grocery stores in the Nordic countries, parts of Central Europe and Russia. Its well-known brands include Toro, Vitana, K-Salat, Delecta, Frödinge, Chaka and Bähncke. In 2011, its total sales amounted to about NOK 4.3 billion. Operating profit before depreciation and amortisation (EBITDA) came to NOK 642 million in 2010 and NOK 464 million in 2011. The company has a total of 2900 employees, of whom 1700 work outside of Norway.

      "Rieber & Søn is a well-run group, with a strong heritage, talented employees and strong market positions. Together, Rieber & Søn and Orkla will be the leading Nordic food manufacturer, with the expertise and resources to develop strong local products and brands in competition with international players," comments CEO Åge Korsvold of Orkla.

      "The Rieber family has owned the company since it was founded in 1839. We are proud of what we have developed through generations together with our employees. We have considered different strategic options and potential buyers, and we are confident that having Orkla as owner is the best alternative for further developing our companies and brands," says Fritz Rieber on behalf of the Rieber family.

      Rieber & Søn has a range of familiar brands and businesses: Toro is Norway's leading supplier of sauces, soups and ready-made meals, and other products. Other famous Norwegian brands in Rieber & Søn's portfolio include Denja, Mr. Lee, Vossafår and Vestlandslefsa. Vitana is one of the Czech Republic's largest and most renowned food- manufacturers. K-Salat has a good position in both Sweden and Denmark in mayonnaise, remoulade and salads. Delecta is one of Poland's leading dessert and bake mix brands. Frödinge is the market leader in chilled and frozen cakes and desserts in Sweden. Chaka is a well-known Russian brand of nuts. Bähncke is the leading Danish mustard brand. In addition, Rieber & Søn supplies the food service sector in Norway, Sweden, Denmark, the Czech Republic and Slovakia.

      "With this acquisition, Orkla expands its product portfolio and gains strong market positions in categories that are entirely new to us. Rieber & Søn has created local food customs and defined the well-loved taste of a number of familiar products. The company has strong brands that are an optimal fit for Orkla's product portfolio as regards categories, production technology and geography," Korsvold elaborates.

      Orkla has signed the agreement with the companies AS Atlantis Vest, Zee Ploeg AS and Flu AS. The selling companies are owned and controlled by representatives of the Rieber family. The purchase price will be paid as a cash settlement, funded by drawing on committed credit facilities. The purchase price will be adjusted based on an interest rate corresponding to NIBOR3M for the period from the signing of the agreement until closing.

      Closing of the transaction is conditional upon receiving approval from the European Commission and Russian competition authorities. It is expected that closing of the transaction can take place by the end of Q1 2013. After completing the transaction with the Rieber family, Orkla will present a mandatory offer to the remaining shareholders in the company based on the same price per share that will be paid to the Rieber family, and subsequently seek to have the company delisted from the Oslo Stock Exchange.

      More detailed information about Rieber & Søn, including facts about its governance and management as well as key figures, is included in appendix. More detailed information about the transaction and its importance for Orkla is also included in appendix.

      *Based on Rieber & Søn's balance sheet as at 30 June 2012.

      Orkla ASA
      Oslo, 20 August 2012
      Avatar
      schrieb am 15.10.12 08:24:27
      Beitrag Nr. 169 ()
      Published: 07:10 CEST 15-10-2012 /Thomson Reuters /Source: Orkla ASA /XOSL: ORK /ISIN: NO0003733800

      Orkla initiates process for new ownership of Sapa Heat Transfer

      Orkla will explore the opportunities for a divestment of the rolled products operations of Sapa.

      Orkla ASA and Norsk Hydro ASA today announced the forming of a joint venture (J/V), combining their Profiles and Building Systems operations. The J/V also includes the extruded and welded products operations, which today is a part of Sapa Heat Transfer, but it excludes the rolled products operations. As a consequence, Orkla will explore the opportunities for a divestment of the rolled products operations.

      The planned divestment includes the main part of the business area Sapa Heat Transfer (turnover full year 2011 of approx. 3.9 billion NOK), including the two rolling mills in Shanghai, China and in Finspång, Sweden. Orkla has appointed a financial adviser to support the process.

      Sapa Heat Transfer is the global market leader in its niche and serves customers across the world, mainly in the automotive industry. The company has a number one position in many of the fast-growing Asian markets, and a strong, competitive position in Europe. The rolling operation has around 900 employees, mainly based in China and Sweden, and with sales representatives in the US, India, South Korea and Japan.

      "In parallel with the establishment of the joint venture with Norsk Hydro, Orkla has initiated a process to ensure the continued long-term competitiveness and success of Sapa Heat Transfer under new ownership. This is in line with Orkla's strategy. We are confident that we will find a new owner that will confirm its position as the globally leading supplier of aluminium solutions for the heat exchanger industry," says Åge Korsvold, Orkla's President and CEO.

      "We have a strong and competent organisation in place at Sapa Heat Transfer. Our operational expertise and R&D focus ensure that we will continue to offer high-quality solutions to our customers across the world," says Svein Tore Holsether, Sapa's President and CEO.
      Avatar
      schrieb am 15.10.12 08:25:55
      Beitrag Nr. 170 ()
      Published: 07:00 CEST 15-10-2012 /Thomson Reuters /Source: Orkla ASA /XOSL: ORK /ISIN: NO0003733800

      Orkla and Hydro to form the world's leading aluminium solutions provider

      Orkla ASA and Norsk Hydro ASA have agreed to combine their respective profiles, building systems and tubing business, creating the world's leading aluminium solutions provider. The new combined company, to be named Sapa, will be a 50/50 joint venture owned by Orkla and Hydro.

      The agreement covers Profiles and Building System, as well as Extruded and Welded tubes, of Orkla's fully-owned Sapa and all of Hydro's Extruded Products business area.

      Based on 2011 figures, the combined company will have around NOK 47 billion in annual revenues, underlying EBITDA of around 1.9 billion and approximately 25,000 employees.* The new company will have leading positions in Europe and North America, and strong footholds in emerging markets, including Brazil, Argentina, China, India and Vietnam.

      Completion of the transaction is expected to take place in the first half of 2013, following approvals from relevant competition authorities. Svein Tore Holsether, currently President and CEO of Sapa, will be President and CEO, and Arnstein Sletmoe, currently Head of Mergers & Acquisitions in Hydro, will be appointed CFO of the merged company. President and CEO of Hydro, Svein Richard Brandtzæg, will be the chairman of the company. Sapa will have its headquarter in Oslo, Norway.

      "Together we are creating a stronger company with a broader competence base and a highly experienced management team. In today's very challenging market conditions, the combined company will be better positioned for restructuring and value creation. This will strengthen Orkla's ability to successfully capture the value potential of our aluminium business," says Orkla's President and CEO Åge Korsvold.

      "The new company will have the necessary strength to meet current challenging markets and create a platform for future growth in emerging markets," says Hydro's President and CEO Svein Richard Brandtzæg. "This transaction will contribute to strengthening Hydro as a world-leading, resource-rich aluminium company with robust activities across the value chain. Through the combination with Sapa, Hydro is establishing a new structure for its extrusion business positioned for improved profitability and potential for future growth," he says.

      As part of the agreement, Hydro (through Hydro Aluminium AS) and Orkla (through Sapa Holding AB) will contribute their relevant businesses to the new company in return for shares on a 50/50 basis. To compensate for the difference in size and to harmonize certain balance sheet items, Orkla will, in addition to its 50 percent ownership, receive the amount of NOK 1.8 billion from the new company. The amount is expected to be paid within 6 months of completion.

      Significant improvement efforts are ongoing in both entities and will, together with assumed annual synergies of around NOK 1 billion, contribute to further strengthening the new company. On a global basis, demand for extruded aluminium applications is expected to continue its strong underlying growth.

      "Aluminium is the material of the future. To meet customers' high demands, we need to continue to excel in R&D, deliver with precision and optimize our global footprint. Both entities have demonstrated their ability to increase quality and efficiency, and together we are determined to bring out the best of the two companies into one," says Svein Tore Holsether, President and CEO of Sapa.

      The agreement contains provisions whereby either party may initiate an initial public offering (IPO) process after approximately three years from closing, and where each party can decide to retain 34 percent.

      The new joint venture will be presented as an associated company according to the equity method.

      *) Illustrative figures for the new company 2011, unaudited
      Avatar
      schrieb am 07.02.13 07:04:58
      Beitrag Nr. 171 ()
      Published: 07:00 CET 07-02-2013 /Thomson Reuters /Source: Orkla ASA /XOSL: ORK /ISIN: NO0003733800

      Improvement for Orkla in the Nordic region

      Orkla's operating profit (EBITA) totalled NOK 1,103 million in the fourth quarter of 2012, up from NOK 873 million in the corresponding period of 2011. The Nordic branded consumer goods businesses and Sapa Heat Transfer achieved profit improvement.

      For continuing operations, Orkla's fourth-quarter operating revenues totalled NOK 8,457 million, compared with NOK 8,124 in the corresponding period of 2011.

      Full-year operating revenues amounted to NOK 30 billion. Operating profit was NOK 3,295 million in 2012, compared with NOK 2,872 million in 2011.

      "Simultaneously with implementing comprehensive structural changes, we achieved profit growth in our core business. I am particularly pleased that many of our large branded consumer goods companies in the Nordic region reported improvement in the latter part of the year. Orkla now has a single strategic agenda: building up our position as the leading Nordic branded consumer goods company," says President and CEO Åge Korsvold.

      The branded consumer goods business
      The Nordic food companies achieved sales growth in the grocery channel in the fourth quarter. Operating profit in Orkla Foods Nordic amounted to NOK 392 million, a rise of 11% in relation to comparable operating profit in the fourth quarter of 2011. Stabburet continued to improve its performance in the Norwegian market. Abba Seafood (Sweden), Beauvais foods (Denmark) and the Baltic businesses also delivered profit growth. The Finnish businesses posted operating profit on a par with the fourth quarter of 2011. Abba Seafood and Procordia are to be integrated and will form one of Sweden's leading food companies. Following completion of the acquisition of Rieber & Søn, Orkla will establish national food companies in Norway and Denmark as well. This is subject to the approval of the competition authorities.

      Orkla Brands Nordic also achieved sales growth in the grocery channel. Operating profit in the business area amounted to NOK 408 million, an improvement of 16% in relation to comparable operating profit in the fourth quarter of 2011. Lilleborg and Nidar reported both sales and profit improvement in the Norwegian market. Profit also increased for large Nordic businesses such as the Chips Group and the Axellus Group. Göteborgs/Sætre saw a decline in profit as a result of high factory costs related to ongoing restructuring and demanding conditions in the Norwegian grocery market. Jordan became part of Orkla Brands Nordic on 1 September 2012. The company, which is market leader in the Nordic region for oral hygiene and paintbrushes, is performing in accordance with expectations.

      Orkla Brands International posted operating profit of NOK 62 million, compared with NOK 87 million in the corresponding period of 2011. MTR Foods continued to increase its sales in India, even though growth was lower than at the start of 2012. Orkla Brands Russia is undergoing a demanding adjustment process. Changes in the market situation, where nation-wide grocery chains in particular are taking market shares, necessitates significant restructuring of operations.

      Orkla Food Ingredients reported operating profit of NOK 74 million, an improvement of 8% in relation to comparable operating profit in the fourth quarter of 2011. Despite weak markets in Southern and Eastern Europe, both operating revenues and operating profit increased.

      Other businesses
      Sapa Heat Transfer posted fourth-quarter operating profit of NOK 73 million, up from NOK 6 million in the corresponding period of 2011. This improvement is the result of a comprehensive improvement programme implemented in the Swedish production operations. The company had lower deliveries to the European automotive industry, but this was largely offset by increased demand in the USA and China. Orkla's goal is to divest Sapa Heat Transfer in the first quarter of 2013.

      Operating profit for Orkla Eiendom in the fourth quarter was NOK 104 million, compared with NOK 28 million in the corresponding period of 2011. Hydro Power reported fourth-quarter operating profit on a par with the same period of 2011.

      Profit from associates amounted to NOK 47 million in the fourth quarter, compared with NOK 59 million in the corresponding period of 2011. Profit was mainly linked to Jotun, which achieved satisfactory sales growth in the quarter.

      Sales of shares totalled NOK 436 million in the fourth quarter. As at 31 December 2012, the market value of the share portfolio was NOK 2,630 million. The portfolio is expected to be sold in the first half of 2014.

      Discontinued operations
      Together with Norsk Hydro, Orkla aims to establish a globally leading provider of aluminium solutions. The establishment of the joint venture is subject to the approval of the competition authorities. The Sapa operations that will be part of the joint venture were highly negatively impacted by weak European markets, while there was improvement in North America.

      In the fourth quarter, 81% of the shares in Borregaard Chemicals were sold in connection with the company's listing on the stock exchange, generating a total accounting gain of NOK 110 million. NOK 412 million related to the adjustment of the value of the investment in REC was expensed in the quarter.

      Orkla's profit before tax amounted to NOK 638 million in the fourth quarter, compared with NOK 1,317 million in the corresponding period of 2011. The Board of Directors of Orkla ASA proposes to pay a dividend of NOK 2.50 per share for the 2012 financial year.


      Orkla ASA
      Oslo, 7 February 2013
      Avatar
      schrieb am 26.04.13 10:26:04
      Beitrag Nr. 172 ()
      Published: 10:09 CEST 26-04-2013 /Thomson Reuters /Source: Orkla ASA /XOSL: ORK /ISIN: NO0003733800

      Orkla Brands AS makes mandatory offer for Rieber & Søn ASA - resolves compulsory acquisition

      Not for distribution in Canada, Australia, New Zealand or South Africa

      Orkla Brands AS (OBAS) has today completed its acquisition of 69,900,380 shares in Rieber & Søn ASA (RIE), cf. press release of today. After the acquisition OBAS owns 90.11% of the shares in RIE.

      As a consequence of the acquisition OBAS has resolved to make a mandatory offer for all remaining shares of RIE not already owned by OBAS. The offer is being made in accordance with the provisions of Chapter 6 of the Norwegian Securities Trading Act.

      The offer price is NOK 67.45 per share, which is the same price per share as paid to the Rieber family. The offer period is from and including 29 April 2013 to 27 May 2013 at 16:30 (CET). Settlement of the offer will take place no later than 10 June 2013.

      OBAS has engaged DNB Markets as financial adviser and receiving agent in connection with the offer.

      The complete details of the offer are included in an offer document which is being sent to the shareholders of RIE, except for shareholders in jurisdictions where the offer document may not be lawfully distributed. The offer document may be obtained from DNB Markets, Dronning Eufemias gate 30, P.O. Box 1600 Sentrum, N-0021 Oslo, and will also be made available on www.dnb.no/emisjoner, www.orkla.com and www.rieberson.com from and including 29 April 2013.

      Since OBAS has become the owner of shares representing more than 90% of the total share capital and voting rights of RIE, the board of directors of OBAS has furthermore resolved to implement a compulsory acquisition of all RIE shares not already owned by it (except for treasury shares held by RIE). The compulsory acquisition is being carried out in accordance with section 4-25 of the Norwegian Public Limited Companies Act. The compulsory acquisition will be carried out with effect from before opening of the stock exchange the first day in the offer period for the mandatory offer, i.e. 29 April 2013. The redemption price offered for each share in the compulsory acquisition is NOK 67.45, which is equal to the offer price in the mandatory offer.

      When the compulsory acquisition becomes effective the title to all shares in RIE not already owned by OBAS or RIE will automatically be transferred to OBAS, upon which OBAS will be the owner of 100% of the RIE shares (except for treasury shares held by RIE). After this the former shareholders will only have a payment claim for their former shares. OBAS has deposited the total redemption amount into a blocked account with DNB Bank ASA as security for such claim in accordance with the Norwegian Public Limited Companies Act section 4-25 (5).

      Any objections to, or rejection of, the offered redemption price must be made at the latest within 1 July 2013. Former shareholders of RIE who do not object to, or reject, the offered redemption price within this deadline will be deemed to have accepted the offered redemption price.

      The offer document for the mandatory offer also constitutes a notification of the compulsory acquisition in accordance with the Norwegian Public Limited Companies Act section 4-25 (3).

      This notification does not in itself constitute an offer. The offer will only be made on the basis of the offer document and can only be accepted pursuant to the terms of such document.
      Avatar
      schrieb am 01.05.13 01:42:13
      Beitrag Nr. 173 ()
      viel hamse' nicht mehr dafür gekriegt...:


      Published: 23:28 CEST 30-04-2013 /Thomson Reuters /Source: Orkla ASA /XOSL: ORK /ISIN: NO0003733800

      Orkla ASA: REC - Disclosure of significant holding and primary insider notice

      Reference is made to the stock exchange notice on 30 April 2013 regarding a contemplated private placement of up to 329,569,968 existing shares in Renewable Energy Corporation ASA ("REC") by Orkla ASA ("Orkla") (the "Private Placement").

      The book-building in the Private Placement has been successfully completed, and Orkla has today sold 329,569,968 shares in REC, representing 15.6 percent of the total outstanding share capital of REC, at NOK 1.59 per share. Following the sale, Orkla holds no shares in REC. As a result of the sale, Orkla will book a gain of approx. NOK 158 million in Q2.

      As a consequence of the transaction Orkla has passed the thresholds of 15, 10 and 5 percent of the outstanding share capital, cf. the Securities Trading Act section 4-3 first paragraph.

      SEB and DNB Markets have acted as joint-lead managers and book-runners for the Private Placement.

      Orkla is considered as primary insider in REC.

      Orkla ASA,
      Oslo, 30 April 2013
      Avatar
      schrieb am 18.07.13 08:17:27
      Beitrag Nr. 174 ()
      Published: 06:58 CEST 18-07-2013 /Thomson Reuters /Source: Orkla ASA /XOSL: ORK /ISIN: NO0003733800

      Weaker operating profit for Orkla

      Orkla's operating profit (EBITA) amounted to NOK 632 million in the second quarter, compared with NOK 698 million in the corresponding period of 2012. June was a weak sales month for the Nordic branded consumer goods companies. The Russian market still presents major challenges.

      "Our operating profit is not satisfactory. We face tough competition from multinational companies and the chains' private labels. Both the change processes that we are implementing and the integration of Rieber & Søn have required substantial internal resources and attention. We are now ready to reinforce our market plans and initiate assertive marketing activities," says Orkla President and CEO Åge Korsvold.

      Orkla's operating revenues totalled NOK 7,905 million in the second quarter, compared with NOK 7,213 million in the same period of 2012. The increase is ascribable to the acquired businesses in Rieber & Søn and Jordan. Orkla's profit before tax was NOK 514 million in the second quarter, compared with NOK 938 million in the same period of 2012.

      The Branded Consumer Goods business
      Operating profit for Orkla Foods amounted to NOK 263 million, compared with NOK 262 million in the corresponding period of 2012. Profit for Rieber & Søn was substantially lower than in the corresponding period of last year. Stabburet posted lower profit compared with a good second quarter in 2012. Profit improved in Sweden, Denmark, Finland and the Baltics. Since the competition authorities approved the acquisition of Rieber & Søn in April, a comprehensive integration process has been implemented. Rieber & Søn Norge and Stabburet are to become one of Norway's leading food companies. Frödinge will become part of the leading Swedish food company formed by newly merged Procordia and Abba Seafood. Rieber & Søn Danmark and Beauvais foods will become a strong Danish branded consumer goods company.

      Orkla Confectionery & Snacks reported operating profit of NOK 119 million in the second quarter, compared with NOK 151 million in the same period of 2012. The competitive situation is challenging. Major organisational changes have been carried out. A single company is being established in each country, with a view to strengthening collaboration and integration across the chocolate/confectionery, snacks and biscuits categories.

      Orkla Home & Personal had a satisfactory quarter and posted operating profit of NOK 165 million, up from NOK 131 million in the same period of 2012. The profit improvement is ascribable to Lilleborg (Norway) and Axellus, and to contributions from Jordan House Care. The integration of Jordan Personal & Home Care in Lilleborg is proceeding as planned.

      Orkla International posted an operating loss of NOK -40 million, compared with NOK -15 million in the second quarter of 2012. Orkla Brands Russia saw a decline in sales in a difficult Russian chocolate market. Further write-downs and provisions totalling NOK 435 million have been made in connection with the Russian operations. The Rieber & Søn companies Vitana (Czech Republic), Rieber Polska and Rieber Russia became part of Orkla International in May 2012.

      Orkla Food Ingredients (OFI) reported satisfactory operating profit of NOK 77 million in the second quarter, compared with NOK 68 million in the same quarter of 2012. This improvement is attributable to acquired businesses and increased sales of bakery ingredients in Norway and Denmark. OFI's ice cream ingredients business delivered a good performance.

      Other businesses
      Sapa Heat Transfer posted second-quarter operating profit of NOK 84 million, compared with NOK 102 million in the same period of 2012. The factory in Finspång (Sweden) is still not operating at its targeted productivity level, in addition to which profit has been negatively affected by the strong Swedish krone. The trend on the European automotive market was negative, while the North American market was on a par with last year. Growth in the Chinese automotive market accelerated. Orkla has engaged in exclusive negotiations with a potential buyer for Sapa Heat Transfer, but the parties have now agreed to terminate these negotiations.

      Hydro Power posted operating profit of NOK 77 million, compared with NOK 46 million in the second quarter of 2012. Jotun, in which Orkla holds a 42.5% ownership interest, strengthened its results.

      Orkla's remaining shares in Borregaard and REC have now been sold. Share disposals totalled
      NOK 2.1 billion. As at 30 June 2013, the market value of Orkla's shares and financial assets was NOK 1.1 billion.

      Discontinued operations
      Orkla has concluded an agreement with Norsk Hydro to form a company that will be a globally leading supplier of aluminium solutions. The European and US competition authorities have approved the joint venture, but a reply is still awaited from the Chinese competition authorities. Operating profit from discontinued operations amounted to NOK 163 million in the second quarter and is entirely related to Sapa's extrusion and building system business, which is to be part of the future joint venture with Norsk Hydro. Sapa's extrusion and building system business is achieving profit growth in North America, while markets in Europe remain weak. Goodwill was written down by NOK 1,161 million. The write-down does not affect the agreement with Norsk Hydro.


      Orkla ASA
      Oslo, 18 July 2013
      Avatar
      schrieb am 07.02.14 13:14:18
      Beitrag Nr. 175 ()
      Published: 06:55 CET 06-02-2014 /GlobeNewswire /Source: Orkla ASA /XOSL: ORK /ISIN: NO0003733800


      Acquisition generated growth for Orkla

      Orkla's operating revenues rose 12.5% in the fourth quarter of 2013. Contributions from Rieber & Søn generated growth in turnover for the branded consumer goods business.

      Orkla's fourth-quarter operating revenues totalled NOK 9,478 million, compared with NOK 8,421 million in the corresponding period of 2012. Orkla's operating profit (EBITA) amounted to NOK 1,026 million in the fourth quarter of 2013, compared with NOK 1,117 million in the same period of 2012. The negative difference in operating profit is ascribable to the gain on the sale of a real estate project in 2012. Operating profit for the branded consumer goods business was on a par with the same quarter of 2012.

      For the full year, operating revenues totalled NOK 33,045 million, compared with NOK 29,896 million in 2012. Operating profit amounted to NOK 3,163 million in 2013, compared with NOK 3,359 million in 2012.

      For Orkla Brands Russia the market situation is challenging, and the results achieved by this business have declined over time. In the light of this performance, a process has been initiated to divest this company.

      The Branded Consumer Goods business
      Fourth-quarter operating profit for Orkla Foods amounted to NOK 422 million, compared with NOK 368 million in the fourth quarter of 2012. The companies in Sweden, Finland and the Baltics achieved both top-line and profit growth. Cost synergies generated by the integration of Rieber & Søn made a positive contribution in the quarter, and this work is proceeding as planned. At year end, cost synergies exceeded NOK 150 million on a run-rate basis. Both Orkla Foods Norge and Orkla Foods Danmark have carried out a demanding integration process, and the companies' sales performance was weaker than in 2012.

      Orkla Confectionery & Snacks posted fourth-quarter operating profit of NOK 234 million, compared with NOK 255 million in the same period of 2012. In Denmark and the Baltics, results improved in the fourth quarter. In Sweden, both operating revenues and operating profit were on a par with results in the fourth quarter of 2012. In Finland, the market for biscuits and confectionery was challenging, but the company achieved improvement for snacks. In Norway, there was tough competition in the snacks category and a weaker market for biscuits. A variety of activities have been initiated to create profitable top-line growth and reduce costs. The aim is to cut costs by approximately NOK 300 million over the next three years.

      Orkla Home & Personal reported operating profit of NOK 194 million, compared with NOK 186 million in the fourth quarter of 2012. The integration of Jordan was successful and contributed to profit improvement. Lilleborg achieved higher turnover, good profit improvement and stronger market shares. Pierre Robert Group increased its operating revenues, but saw weaker sales of wool products due to a mild winter.

      Orkla International posted operating profit of NOK 4 million, compared with NOK 62 million in the same period of 2012. Orkla Brands Russia achieved substantially weaker operating profit in the fourth quarter than in the corresponding period of 2012. MTR Foods increased its operating revenues by 12% in the fourth quarter and achieved volume growth in spice mixes and vermicelli pasta. Felix Austria achieved growth in turnover, while Rieber Polska delivered a stable performance and results for Vitana in the Czech Republic declined.

      Orkla Food Ingredients (OFI) reported operating profit of NOK 97 million, compared with NOK 76 million in the corresponding period of 2012. Improvement was broad-based, and was ascribable to both acquired companies and organic growth. OFI achieved improved results in Scandinavia, the Baltics and Central and Eastern Europe.

      Other businesses
      Gränges, formerly Sapa Heat Transfer, reported fourth-quarter operating profit of NOK 78 million, compared with NOK 74 million in the corresponding period of 2012. This improvement is due to an increase in volumes delivered to the Chinese automotive market and improvement programmes in the Swedish business.

      Hydro Power posted fourth-quarter operating profit of NOK 97 million, compared with NOK 85 million in the fourth quarter of 2012.

      In the fourth quarter, Orkla Eiendom (real estate) reported a negative operating result of NOK 9 million, compared with a positive operating result of NOK 99 million in the same period of 2012. The completion and sale of apartments were the main reason for the high contribution to profit in the fourth quarter of 2012.

      Shares and financial assets totalling NOK 146 million were divested in the fourth quarter. As at 31 December 2013, the market value of shares and financial assets totalled NOK 1,051 million.

      On 1 September 2013, Sapa was established as a 50/50 joint venture between Orkla and Norsk Hydro. The fourth quarter is a seasonally weak period for Sapa. Total volume for Sapa was somewhat higher than in the corresponding period of 2012. Sapa's restructuring agenda is progressing as planned, and the results reported were affected by related accounting write-downs. Orkla's share of Sapa's net profit after tax for the fourth quarter of 2013 was NOK -312 million.

      Jotun, in which Orkla has an ownership interest of 42.5%, achieved growth in all segments except marine coatings.

      Orkla's pre-tax profit totalled NOK 569 million in the fourth quarter, compared with NOK 624 million in the corresponding period of 2012. Orkla proposes to pay a dividend of NOK 2.50 per share for the 2013 financial year.


      Orkla ASA
      Oslo, 6 February 2014
      Avatar
      schrieb am 08.05.14 09:42:23
      Beitrag Nr. 176 ()
      Published: 07:05 CEST 08-05-2014 /GlobeNewswire /Source: Orkla ASA /XOSL: ORK /ISIN: NO0003733800

      Orkla ASA is considering a listing of Gränges AB

      The Board of Directors of Orkla ASA (OSE:ORK) has decided to explore the possibility of listing its wholly-owned subsidiary Gränges AB ("the company") on NASDAQ OMX Stockholm. This decision is part of Orkla's long-term strategy to become a pure-play branded consumer goods company.

      Gränges is the leading global manufacturer of rolled aluminium for heat exchangers, primarily for the automotive industry. The company has production facilities in Sweden and China, and had a total of 971 employees at the end of 2013.

      Gränges had a turnover of NOK 4.0 billion in 2013, and achieved operating profit (EBITA) of NOK 337 million. In the first quarter of 2014, Gränges posted operating profit (EBITA) of NOK 117 million, compared with NOK 85 million in the corresponding period of last year. The increase is ascribable to higher volume and the effects of improvement programmes.
      Avatar
      schrieb am 26.08.14 09:40:06
      Beitrag Nr. 177 ()
      Orkla expands its Baltic operation by acquiring strong local brands

      Orkla has entered into an agreement with Nordic Partners Food Limited to purchase NP Foods Group which includes the companies and brands Laima, Staburadze, Gutta, Margiris and Staburadzes Konditoreja.


      The acquisition will nearly double the scale of Orkla's Baltic operations, making Orkla one of the largest consumer goods companies in the region.

      "With a history dating back more than 140 years, Laima is one of the strongest confectionery brands in the Baltic region. The acquisition of Laima and other well-established brands is strategically important to Orkla, and will significantly strengthen our foothold in the region," says Orkla President and CEO Peter A. Ruzicka.

      The iconic chocolate brand Laima has a market share of more than 30% in the Latvian chocolate market. The local Selga, Staburadze, Gutta, Everest, Fresh Walk and Pedro brands will also boost Orkla's presence in the Baltic biscuits, cakes, juice, water and ready meal markets.

      Orkla is already represented in the Baltic region through the branded consumer goods companies Spilva and Latfood (Latvia), Kalev and Põltsamaa Felix (Estonia) and Suslavicius-Felix (Lithuania), which hold solid market positions in the confectionery, ready meals and ketchup segments.

      "We have a strong portfolio of local brands with leading market positions. The newly acquired companies are a good strategic fit for Orkla, and will strengthen our position as the leading consumer goods company in the region," says Christer Åberg, CEO of Orkla Confectionery & Snacks.

      "Orkla's acquisition of NP Foods gives us access to new technology, in-depth expertise and a well-documented food and product safety system. This will allow us to develop our long-established brands further and open up new opportunities for the company," says NP Foods CEO Rolands Gulbis.

      NP Foods had a consolidated turnover of EUR 77.1 million in 2013, with a normalised operating profit (EBITDA) of EUR 7.5 million. The company has four factories in Latvia and one in Lithuania, and a total of 1,100 employees.

      Under the acquisition agreement, Orkla will purchase 100% of the shares in the companies held by Nordic Partners Foods Ltd[1], which is owned by the Latvian investment company Nordic Partners and the Icelandic fund BIL ehf.

      Completion of the transaction is subject to approval from the Latvian, Lithuanian and Estonian competition authorities. By mutual agreement, the purchase price is not being disclosed at this stage.
      Avatar
      schrieb am 10.09.14 13:39:42
      Beitrag Nr. 178 ()
      Published: 13:33 CEST 10-09-2014 /GlobeNewswire /Source: Orkla ASA / : ORK /ISIN: NO0003733800

      Orkla confirms intention to list Gränges on NASDAQ OMX Stockholm

      NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA

      Orkla ASA (OSE:ORK) confirms its intention to proceed with an Initial Public Offering (the "Offering") of the shares of Gränges AB (publ).



      NASDAQ OMX Stockholm has today decided to admit the Company's shares to trading, subject to customary conditions, such as that a prospectus is approved by the Swedish Financial Supervisory Authority as well as that the distribution requirements in respect of the Company's shares being fulfilled no later than on the first day of trading. Depending on market conditions, the listing is expected to be completed during the fourth quarter of 2014.

      The Offering comprises existing shares sold by Orkla Industriinvesteringar AB. The shares will be offered to qualified institutional investors in Sweden and internationally as well as to the public in Sweden and Norway.

      Carnegie and SEB are acting as Joint Global Coordinators and Joint Bookrunners. Danske Bank and Svenska Handelsbanken are acting as Joint Bookrunners.

      The press release issued by Gränges in relation to the intention to float is attached hereto.

      Further announcements relating to the Offering will be made in due course.

      Orkla ASA,

      Oslo, 10 September 2014
      3 Antworten
      Avatar
      schrieb am 29.09.14 09:13:11
      Beitrag Nr. 179 ()
      Antwort auf Beitrag Nr.: 47.742.987 von R-BgO am 10.09.14 13:39:42Published: 07:00 CEST 29-09-2014 /GlobeNewswire /Source: Orkla ASA / : ORK /ISIN: NO0003733800

      Orkla launches IPO of Gränges. Shares expected to be listed on NASDAQ OMX Stockholm 10 October



      NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA

      Reference is made to the stock exchange announcement by Orkla on 10 September 2014 regarding the intention to list Gränges AB (publ) ("Gränges" or the "Company") on NASDAQ OMX Stockholm and the contemplated sale of shares in Gränges by Orkla in the form of an initial public offering (the "Offering"). Orkla has resolved to launch the Offering and expects, subject to the successful completion of the Offering, that the shares of Gränges will be admitted to listing on NASDAQ OMX Stockholm on 10 October 2014.

      Peter A. Ruzicka, President and CEO of Orkla says:

      "In accordance with Orkla's strategic priority of focusing on the branded consumer goods sector, we now invite other investors to take part in Gränges' continued journey. We believe that the listing of Gränges will provide improved strategic and operational flexibility for the Company. A listing will also enable Gränges to access the Swedish and international capital markets, which will support the Company's continued growth and development."


      The Offering in brief

      The selling shareholder is Orkla Industriinvesteringar AB, a wholly-owned subsidiary of Orkla.

      The Offering is directed to the general public in Sweden and Norway and to institutional investors.

      The Offering comprises 44.8 million existing shares in Gränges offered by Orkla, corresponding to 60 per cent of the total number of shares in the Company.


      Orkla has reserved the right to increase the Offering and sell an additional maximum of 9.0 million shares, corresponding to 12 per cent of the total number of shares in the Company. Further, Orkla has granted an over-allotment option of up to 8.1 million additional shares, corresponding to up to 15 per cent of shares in the Offering (approximately 11 per cent of total number of shares in the Company).

      If Orkla decides to increase the Offering in full and if the over-allotment option is fully exercised, the Offering will comprise a total of 61.8 million shares, corresponding to approximately 83 per cent of the total number of shares in the Company.

      The final price in the Offering is expected to be set within the range of SEK 42 - 50 per share (the "Offering price"), corresponding to a market value of all shares issued by Gränges of approximately SEK 3.1 - 3.7 billion. The Offering price is expected to be announced on 10 October 2014.

      A prospectus with full terms and conditions has been published today 29 September 2014 on Orkla's website www.orkla.com and Gränges' website at www.granges.com.
      2 Antworten
      Avatar
      schrieb am 10.10.14 09:59:44
      Beitrag Nr. 180 ()
      Antwort auf Beitrag Nr.: 47.896.169 von R-BgO am 29.09.14 09:13:11Published: 07:00 CEST 10-10-2014 /GlobeNewswire /Source: Orkla ASA / : ORK /ISIN: NO0003733800

      Update on Offering in Gränges. Bookbuilding successfully completed. Shares priced at SEK 42.50 per share

      NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA

      Orkla announces the successful completion of the bookbuilding period for the initial public offering of the shares of Gränges AB (publ) ("Gränges" or the "Company") and the listing on NASDAQ Stockholm (the "Offering"). The Offering was over-subscribed and attracted strong interest, both from Swedish and international institutional investors as well as from the general public in Sweden and Norway.

      The Offering in brief

      1. The offering price has been set at SEK 42.50 per share, corresponding to a market capitalization of Gränges of approximately SEK 3.2 billion.

      2. In this Offering Orkla (through its wholly owned subsidiary Orkla Industriinvesteringar AB) is selling 60 percent of its shareholding in Gränges, corresponding to 44,783,600 shares.

      3. The over-allotment option is up to 15 per cent of the Offering, corresponding to 6,717,500 shares1.

      4. The Offering comprises 51,501,100 shares corresponding to approximately 69 percent of the total number of shares in the Company, assuming the over-allotment option is exercised in full.

      5. Trading in Gränges' shares on NASDAQ Stockholm begins today, October 10, 2014, under the ticker "GRNG".

      6. Orkla will receive gross proceeds from the Offering of approximately SEK 2.2 billion (assuming that the over-allotment is exercised in full), supplemented by the SEK 1.65 billion Orkla received as dividends in September 2014.

      7. Following the completion of the Offering, Orkla will own 40% of the shares of Gränges if the over-allotment option is not exercised, or 31% if the over-allotment option is exercised in its entirety.

      Carnegie and SEB acted as Joint Global Coordinators and Joint Bookrunners in connection with the Offering. Handelsbanken Capital Markets and Danske Bank acted as Joint Bookrunners.

      Reference is made to the appendix to this announcement for information on the transaction in accordance with Section 3.4 of the Continuing Obligations for Stock Exchange Listed Companies.

      Orkla ASA,

      Oslo, 10 October 2014
      Avatar
      schrieb am 30.10.14 10:10:06
      Beitrag Nr. 181 ()
      Improvement for Orkla
      Published: 06:55 CET 30-10-2014 /GlobeNewswire /Source: Orkla ASA / : ORK /ISIN: NO0003733800


      Orkla's operating profit (EBITA) amounted to NOK 860 million in the third quarter of 2014, a year-over-year improvement of 5%.

      Third-quarter operating profit for Orkla's branded consumer goods business totalled NOK 903 million, up from NOK 868 million in the same period of 2013. Four out of five business areas achieved growth in operating profit. Orkla Confectionery & Snacks and Orkla Food Ingredients delivered particularly strong improvement.

      In the third quarter, 96% of turnover derived from the branded consumer goods business. Organic growth in the quarter was 0.4%, and operating revenues totalled NOK 7,200 million. Orkla Confectionery & Snacks, Orkla Food Ingredients and Orkla Home & Personal contributed to the positive sales performance, while Orkla Foods and Orkla International saw a decline.

      "For the second quarter in a row, our branded consumer goods operations have achieved turnover growth, despite tough competition in our home markets. In the time to come, however, we will have to focus even more forcefully on innovation and brand-building. At the same time, we must facilitate closer, broader collaboration with the Nordic grocery chains," says Orkla President and CEO Peter A. Ruzicka.

      Orkla entered into an agreement in the quarter to purchase NP Foods Group in Latvia. In addition to the nationally very strong chocolate brand Laima, NP Foods holds attractive market positions in the biscuits, cakes, juice, water and ready meals segments. NP Foods Group has an annual turnover of EUR 77 million and 1,100 employees. Completion of the purchase is contingent on the approval of the Baltic competition authorities.

      The aluminium company Gränges was listed on NASDAQ Stockholm on 10 October. The IPO valued Gränges at SEK 4.1 billion on a debt-free basis. In connection with the stock exchange listing, Orkla is selling between 60% and 69% of the shares in the company.

      Hydro Power posted operating profit of NOK 46 million in the third quarter, up from NOK 42 million in the corresponding period of 2013.

      Profit from joint ventures and associates (primarily Sapa and Jotun) amounted to NOK 126 million in the third quarter, compared with NOK 76 million in the same quarter of 2013. Sapa, which is a joint venture with Norsk Hydro, achieved broad-based profit improvement. Demand for extruded aluminium products in North America rose by 7%, driven by growth in the automotive and building and construction industries. In Europe, demand increased by 1%. Strongth growth in the automotive industry was offset to some extent by the continued weak building market in southern Europe. Jotun, in which Orkla has an ownership interest of 42.5%, achieved satisfactory operating profit and higher turnover in all its market segments.

      Orkla's profit before tax amounted to NOK 871 million in the third quarter, compared with NOK 631 million in the same period of 2013.
      Avatar
      schrieb am 28.11.14 18:17:42
      Beitrag Nr. 182 ()
      raus aus Russland...
      Published: 18:11 CET 28-11-2014 /GlobeNewswire /Source: Orkla ASA / : ORK /ISIN: NO0003733800

      Orkla ASA: Orkla sells Orkla Brands Russia

      Orkla has entered into an agreement to sell OJSC Orkla Brands Russia to Slavyanka-Lyuks JSC, a member of the Russian confectionery group Slavyanka. Under the agreement, Orkla will divest 100 per cent of its shares in Orkla Brands Russia.

      Orkla Brands Russia is an established confectionery producer in Russia, with iconic local brands such as Krupskaya, SladCo and Pekar. The company was established in February 2011 through the merger of SladCo and Krupskaya, which have been part of Orkla since 2005 and 2006, respectively. Orkla Brands Russia has production plants in Peterhof outside St. Petersburg, Yekaterinburg and Ulyanovsk. In 2013, the company's net sales totalled RUB 6,114 million (NOK 1,129 million). As of year-end 2013, the company had 2,225 employees.

      Orkla communicated in Q1 2014 that a structural sales process had been initiated.

      "Orkla has executed a comprehensive restructuring in Orkla Brands Russia over the last couple of years. The company is now well positioned for the future, but we believe that other owners are better positioned to further develop and support the company's operations," says Peter A. Ruzicka, President and CEO of Orkla ASA.

      The agreement is subject to approval by the Russian competition authorities.

      Orkla's Russian branded nuts company, Chaka, and separate real estate assets in St. Petersburg and Yekaterinburg are not part of this transaction. Separate sales processes have been commenced for the real estate assets.

      Renaissance Capital has acted as exclusive financial advisor to Orkla in this transaction.
      Avatar
      schrieb am 12.12.14 08:21:15
      Beitrag Nr. 183 ()
      Orkla expands in Finland
      Orkla Food Ingredients (OFI) has, through its wholly-owned subsidiary KåKå AB, entered into an agreement to purchase 67% of the Finnish company Condite Oy. Condite is Finland's second largest sales and distribution company in the bakery ingredients sector.

      OFI is the leading bakery ingredients player in the Nordic region, in addition to holding growing market positions in selected countries in Europe. With the acquisition of Condite, OFI is substantially increasing its presence in Finland and is also strengthening its position in Sweden and the Baltics.

      "This acquisition is in line with Orkla's desire to grow in the Nordic and Baltic countries. Condite has established good, long-term customer relationships and has an in-depth knowledge of the supplier market that is very valuable to Orkla. The acquisition is also strategically important for strengthening Orkla's presence in Finland," says Orkla President and CEO Peter A. Ruzicka.

      Condite achieved a turnover of EUR 31 million (NOK 242 million) in 2013 and has 42 employees. The company was founded in 1969 and has its head office and warehouses in Nådendal outside Åbo. In addition, Condite has a spice factory in Kerava near Helsinki.

      "The acquisition of Condite will further strengthen OFI's leading position in the Nordic region in sales and distribution to the bakery and café market, and open up new opportunities in Finland," says SVP Orkla Food Ingredients Sales & Distribution Thore Svensson.

      The company is privately owned and currently has four owners, three of whom are sons of the founder. Two of the present owners wish to remain shareholders and will retain an ownership interest totalling 33%. The board chairman Carl-Bertil Borg will take up the position as CEO as from 1 January 2015. Orkla will after an agreed period acquire the remaining shares in Condite.

      The parties have agreed not to disclose the purchase price.

      The agreement is subject to the approval of the Finnish competition authorities. The agreement is expected to be completed in January 2015.
      Avatar
      schrieb am 05.02.15 11:49:03
      Beitrag Nr. 184 ()
      #zahlen kamen heute;

      Divi bleibt gleich
      Avatar
      schrieb am 13.03.15 08:25:29
      Beitrag Nr. 185 ()
      Orkla expands in ice cream ingredients and accessories
      Orkla Food Ingredients (OFI), through its wholly-owned subsidiary Idun Industri AS, has entered into an agreement to acquire 100% of the shares in the German sales and distribution company EISUNION GmbH, a full-range supplier of ice cream ingredients and accessories.

      EISUNION GmbH is a leading market player in Germany. OFI is one of Norway's leading suppliers of ingredients and semi-manufactured products to the ice cream industry, and provides ice cream ingredients and accessories in all the Nordic countries and Great Britain. With the acquisition of EISUNION, OFI is expanding its business activities for ice cream ingredients and accessories to Germany.

      "This acquisition is in line with Orkla's aim to grow in selected niches where we see potential for further growth and improved operations. EISUNION has a leading position as a supplier to the German ice cream market, and is strategically important for increasing OFI's presence in selected geographical markets in Europe," says Pål Eikeland, EVP and CEO of Orkla Food Ingredients.

      EISUNION GmbH supplies ice cream ingredients, ice cornets, packaging, toppings, equipment and machinery to ice cream parlours and cafes. The company achieved a turnover of EUR 19.6 million (NOK 163 million) in 2014. EISUNION is headquartered in Feucht (Nürnberg) and operates from five locations in central and southern Germany. The company has around 70 employees.

      The company currently has five owners, who are all part of the German BÄKO cooperative. BÄKO-Zentrale Süddeutschland eG is the main owner with 71.9%. The parties have agreed not to disclose the purchase price. The agreement is subject to the approval of the German competition authorities.
      Avatar
      schrieb am 27.04.15 16:29:01
      Beitrag Nr. 186 ()
      Orkla ASA: Orkla enters into agreement with PepsiCo
      Published: 15:00 CEST 27-04-2015 /GlobeNewswire /Source: Orkla ASA / : ORK /ISIN: NO0003733800


      Orkla ASA has signed an agreement with PepsiCo to become the primary go-to-market partner for PepsiCo's juice, cereals, and snacks products in the Nordics, including the brands Tropicana, Quaker, and Lay's.

      The move expands Orkla's partnership with PepsiCo in the Nordics. Orkla began sales of Tropicana juice in Sweden and Denmark in January, 2015 followed by Finland in April. The new agreement also covers Tropicana in Norway, as well as Quaker in the Nordics, and PepsiCo's snacks in Norway, Sweden, and Finland.

      "We are delighted that PepsiCo has chosen Orkla as their primary go-to-market partner for their juice, cereals, and snacks products in the Nordics.The distribution agreement with PepsiCo is an important step for Orkla in order to become a leading branded consumer goods company. Partnering with PepsiCo's global brands, Orkla will build stronger presence in the breakfast market and the snacks category," says Peter A. Ruzicka, President and CEO of Orkla ASA.

      Björn Bernemann, General Manager for PepsiCo Nordics, adds: "The Nordic markets are very important for PepsiCo and the announcement of our partnership with Orkla marks a step-change for our business. Since we began operations here more than 25 years ago, we've gone from strength-to-strength and today we see many more growth opportunities for our brands. In Orkla we have found a partner with shared values, a complementary portfolio and an excellent go-to-market organisation. Together we are perfectly positioned to drive growth in the Nordics."

      PepsiCo's juice, cereals, and snacks portfolio, including attractive brands like Tropicana, Quaker, and Lay's, holds a strong position in the market.

      Under the new agreement which takes effect 1 January 2016, Orkla Foods will manage sales of Tropicana and Quaker, while Orkla Confectionery & Snacks will cover PepsiCo's snack brands.

      Orkla ASA
      Oslo, 27 April 2015
      Avatar
      schrieb am 07.05.15 09:48:09
      Beitrag Nr. 187 ()
      Orkla ASA : Volume-driven growth at Orkla
      Published: 06:57 CEST 07-05-2015 /GlobeNewswire /Source: Orkla ASA / : ORK /ISIN: NO0003733800



      Orkla's operating profit (EBIT adj.) rose 10%, totalling NOK 725 million in the first quarter of 2015.

      The Branded Consumer Goods business achieved EBIT (adj.) of NOK 769 million, an improvement of 11% from the first quarter of 2014.

      Orkla's first-quarter operating revenues increased to NOK 7,541 million, up from NOK 7,013 million in the first quarter of 2014. Branded Consumer Goods achieved 4.3% organic growth. There was sales growth in all the business areas, even when adjusted for positive Easter effects.

      The increase in sales in the quarter was largely volume-driven. There were several major launches of new products, including the AquaDerma skin care range from Lilleborg, Big Cut chips from Orkla Confectionery & Snacks and Pastella vegetable pasta from Orkla Foods Danmark. Orkla increased its advertising investments in the first quarter.

      The weakening of the Norwegian and Swedish krone resulted in higher purchasing costs for the Norwegian and Swedish businesses.

      "I am satisfied with the first quarter. We saw volume-driven growth in Branded Consumer Goods. All the business areas improved their performance in demanding markets where there is strong international competition. Orkla also achieved broad-based profit growth in the first quarter of this year. We have focused on operations, and our various cost reduction programmes made a positive contribution," says Orkla President and CEO Peter A. Ruzicka.

      In the first quarter, Orkla entered into an agreement to purchase the Swedish branded consumer goods company Cederroth, which is one of the Nordic region's leading suppliers in the personal care, health, wound care and household cleaning segments. The agreement is conditional on the approval of the competition authorities. The competition authorities have approved the acquisition of Nordic Partner Foods in Latvia, an acquisition that will double Orkla's turnover in the Baltics. Orkla has also announced its agreement to purchase the German sales and distribution company Eisunion, which will strengthen Orkla Food Ingredients' position as a leading supplier of ice cream ingredients. On 27 April Orkla entered into an agreement with PepsiCo to be its primary go-to-market partner for the sale of PepsiCo's juices, cereals and snack products in the Nordic region.

      First-quarter profit from associates and joint ventures (primarily Sapa, Jotun and Gränges) amounted to NOK 238 million, compared with NOK 55 million in the same quarter of 2014. Cost synergies and strong demand for extruded aluminium products in North America contributed to good profit growth for Sapa. Jotun delivered all-time high sales and operating profit in the first quarter of 2015. Sales of marine coatings increased, year over year. Similarly, sales of decorative paints rose in Scandinavia, the Middle East and Asia.

      Hydro Power and Orkla Eiendom saw a small improvement, overall, in the first quarter. At the end of March, the market value of the Group's shares and financial assets totalled NOK 691 million.

      Orkla's profit before tax increased by 37% to a total of NOK 795 million.
      Avatar
      schrieb am 22.06.15 11:51:24
      Beitrag Nr. 188 ()
      Orkla expands in breakfast and health products
      Orkla Foods, through its wholly-owned subsidiary FELIX Austria GmbH, has entered into an agreement to acquire 100 % of the shares in the Austrian company Bioquelle GmbH.

      Bioquelle holds strong positions in Austria in categories such as muesli, nuts, dried fruits, health and organic foods, as well as distribution of soy based products.

      "With the acquisition of Bioquelle Orkla Foods will broaden its product portfolio and strengthen its position in the breakfast and health categories. This acquisition is strategically important as it enables Orkla Foods to build a stronger presence in growing segments such as organic food and soy based products," says Atle Vidar Nagel-Johansen, EVP and CEO of Orkla Foods.

      The main markets of Bioquelle are Austria and Slovenia. The company reported net sales of EUR 18 million (NOK 164 million) and an EBITDA of approx. EUR 0.7 million (NOK 5.9 million) in 2014.

      About one third of its revenues is generated by Bioquelle's brands. In addition, Bioquelle has a distribution agreement for soy-based products under the Alpro brand.

      Bioquelle has around 50 employees and its headquarter and production facilities are located in Steyr, Austria. The company was founded in 1926, and is currently owned by Klaus and Ingrid Lösch.

      The parties have agreed not to disclose the purchase price at this stage.

      The agreement is subject to the approval of the Austrian competition authorities.
      Avatar
      schrieb am 23.11.15 09:03:19
      Beitrag Nr. 189 ()
      Orkla sells property in Russia
      Orkla has sold its property in the centre of St. Petersburg in Russia for 470 million roubles (NOK 63 million). The buyer is a subsidiary of the Russian property developer Pioneer Group.

      The property was carved out of Orkla Brands Russia prior to the sale of this company in January 2015, and is a former office and production facility which has been empty for the last year.

      After the sale, Orkla has only two remaining businesses in Russia; the nut company Chaka and the bakery and confectionery supplier Credin.

      As a result of the transaction Orkla will book a gain of NOK 33 million in the fourth quarter 2015.
      Avatar
      schrieb am 08.01.16 11:05:15
      Beitrag Nr. 190 ()
      Orkla acquires Kavli's Danish operation
      Orkla Foods Danmark has signed an agreement with Kavli Holding AS to purchase O. Kavli A/S. The acquisition further reinforces Orkla Foods Danmark's branded consumer goods portfolio.

      The agreement provides for a complete takeover of O. Kavli A/S ("O. Kavli"), a significant supplier to the Danish grocery market with a product portfolio that includes well-known brands like Fun, Grønnegården, Kavli, Scoop and Blomberg's Glögg. Since Orkla already owns the Fun brand in the other Nordic countries, the agreement gives Orkla full ownership of Fun in the Nordic region.

      O. Kavli generated sales of DKK 170 million in 2014. The company has 70 employees distributed between an office in Hvidovre and a factory in Ringkøbing. O. Kavli was founded in Bergen, Norway in 1893, and its Danish operation was launched in 1935. O. Kavli is owned by Kavli Holding AS. The parties have agreed not to disclose the purchase price.

      "Our acquisition of O. Kavli represents an investment in the beverages category and an extension of our groceries portfolio. The company's products complement our existing product range, which encompasses K-Salat, Beauvais, Den Gamle Fabrik, Glyngøre, Pastella, Bähncke and Risifrutti. Further, O. Kavli has a private label and an export business with long-term customer relations. We look forward to adding beverages to the portfolio," says Atle Vidar Nagel-Johansen, Executive Vice President and CEO Orkla Foods.

      "We are pleased to have found a solid buyer for O. Kavli in Denmark, and are confident that Orkla Foods Danmark has the resources to contribute to a profitable growth of the company," says Erik Volden, CEO of Kavli Holding AS.

      Implementation of the agreement is conditional on approval from the Danish competition authorities. The transaction is expected to be completed by the end of February 2016.
      Avatar
      schrieb am 18.03.16 08:04:13
      Beitrag Nr. 191 ()
      Antwort auf Beitrag Nr.: 47.896.169 von R-BgO am 29.09.14 09:13:11
      und Exit:
      Orkla ASA: Sale of shares in Gränges AB (publ)

      NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA

      Orkla Industriinvesteringar AB, a wholly owned subsidiary to Orkla ASA, has sold 11,942,378 shares in Gränges AB (publ) ("Gränges") through an accelerated bookbuilding to Swedish and international investors at a price of SEK 69 per share ("the placing").

      Following the placing, Orkla Industriinvesteringar AB, does not own any shares in Gränges.

      Carnegie Investment Bank AB ("Carnegie") and Skandinaviska Enskilda Banken AB ("SEB") have acted as joint bookrunners in connection with this placing.


      Orkla ASA
      Oslo, 18 March 2016
      Avatar
      schrieb am 03.05.16 10:30:29
      Beitrag Nr. 192 ()
      so langsam wird's:
      Published: 06:58 CEST 03-05-2016 /GlobeNewswire /Source: Orkla ASA / : ORK /ISIN: NO0003733800

      Orkla continues to deliver improvement

      Orkla's operating profit (EBIT adj.) increased in the first quarter of 2016 by 13%, to NOK 817 million. Branded Consumer Goods continued to deliver improved results. Pre-tax profit rose by 57%, to NOK 1,251 million, also driven by better results from Sapa and Jotun.

      Operating profit for Orkla's branded consumer goods business totalled NOK 860 million in the quarter, an improvement of 12%. Adjusted for currency translation effects, it was an improvement of 7%.

      Orkla's operating revenues rose by 14%, to NOK 8,610 million. Branded Consumer Goods posted organic turnover growth of 1.8%, driven by Orkla Foods and Orkla Confectionery & Snacks.

      "For the eighth consecutive quarter, we have succeeded in achieving organic turnover growth in markets where there is strong international competition. We have had several successful new launches, and are also seeing the effect of numerous internal improvement projects. We made a number of important acquisitions in the quarter that will strengthen our operations going forward," says Orkla President and CEO Peter A. Ruzicka.

      Orkla Foods will be one of the biggest food product suppliers in the Czech Republic, Slovakia and Romania, as a result of its acquisition of the food company Hamé. Through its purchase of O. Kavli A/S, Orkla Foods Danmark has strengthened its position in the Danish grocery market. Both agreements have now been approved by the relevant competition authorities.

      Pierre Robert Group will be a leading supplier of socks, tights and underwear to the Finnish grocery sector following the purchase of four brands from Nanso Group in Finland. The acquisition of The Waverley Bakery Limited strengthens Orkla Food Ingredients' position in the UK ice cream cone and accessories market.

      Lower power prices and slightly lower volume had a negative impact on Hydro Power's results, and first-quarter operating profit totalled NOK 44 million, compared with NOK 56 million in the corresponding period of 2015.

      Profit from associates and joint ventures (primarily Sapa and Jotun) rose by 94%, to NOK 462 million in the first quarter. Orkla's share of Sapa's profit after tax amounted to NOK 209 million in the quarter, compared with NOK 45 million in the same period of 2015. Jotun continued to deliver a positive sales and profit performance. A gain of NOK 57 million was also realised in the first quarter in connection with the sale of a real estate property.

      Diluted earnings per share increased by 74% in the first quarter, to NOK 1.08.
      Avatar
      schrieb am 03.05.16 10:32:21
      Beitrag Nr. 193 ()
      Orkla ASA: Orkla acquires a leading supplier of painting tools in the UK // 9,6x EBITDA
      Published: 07:00 CEST 03-05-2016 /GlobeNewswire /Source: Orkla ASA / : ORK /ISIN: NO0003733800

      Through its wholly owned subsidiary Orkla House Care Norge AS, Orkla has entered into an agreement to purchase L.G. Harris & Co. Limited ("Harris"), a leading supplier of Do-It-Yourself painting tools in the UK. With this acquisition, Orkla House Care is doubling the size of its operations.

      Harris is a market leader for painting tools in the UK Do-It-Yourself (DIY) market, with well-known brands such as Harris, Lynwood, Harris Victory and T-Class. The majority of the company's sales are made in the UK market, but there is also some export business.

      "With well-established brands and solid customer relations, Harris holds a leading market position in the UK. Orkla House Care and Harris are a good fit. With the acquisition of Harris, Orkla House Care is significantly strengthening its presence in the UK and expanding its portfolio in the DIY market," says Bjørn Drabløs, CEO of Orkla House Care.

      Orkla House Care owns the Jordan, Anza, Spekter and Hamilton brands. Orkla House Care is a leading supplier of painting tools in the Nordic region and in the professional market in the UK, and is one of Europe's largest painting tool manufacturers.

      Harris owns two factories, one is located in Stoke Prior, Bromsgrove, outside Birmingham (UK), and the other is located in Zhaoqing City in Guangdong Province (China). In total, Harris has almost 1,000 employees. The company's head office is in Bromsgrove.

      Harris also owns 50% of a joint venture with a local partner in India, serving the Indian market. Furthermore, the company has a minority shareholding in a painting tool manufacturer in Sri Lanka

      Harris uses split financial year running from July to June for their accounts. For the latest 12 months per March 2016, Harris achieved total sales revenues of GBP 60.9 million (approx. NOK 718 million) and EBITDA of GBP 5.7 million (approx. NOK 67 million) (unaudited figures).

      Harris was founded in 1928 and is owned by the Harris family, together with the company's management and employees. The parties have agreed on a purchase price of GBP 55 million (on a debt-free basis) (approx. NOK 648 million).

      The agreement is contingent on the approval of the UK competition authorities.

      Orkla is a leading supplier of branded consumer goods and concept solutions for the consumer, out-of-home and bakery markets in the Nordic and Baltic regions and selected markets in Central Europe and India. Orkla is listed on the Oslo Stock Exchange and its head office is in Oslo, Norway. In 2015, the Group had a total turnover of approximately NOK 33 billion, and 14,670 employees at year end.

      The business area Orkla Care comprises five branded consumer goods businesses which primarily serve home markets in the Nordic region. The business units in Orkla Care are Orkla Home & Personal Care (detergents and personal care products), Lilleborg Profesjonell (full-range supplier of hygiene and cleaning solutions), Orkla Health (dietary supplements and health products), Pierre Robert Group (basic textiles for men, women and children) and Orkla House Care (painting tools and household cleaning products).

      Orkla ASA
      Oslo, 3 May 2016
      Avatar
      schrieb am 15.07.16 08:58:12
      Beitrag Nr. 194 ()
      Wenn das so weitergeht,
      sehe ich noch irgendwann meinen Einstand wieder:

      Published: 06:59 CEST 15-07-2016 /GlobeNewswire /Source: Orkla ASA / : ORK /ISIN: NO0003733800

      Progress for Orkla

      Orkla's operating profit (EBIT adj.) increased 26% to NOK 996 million in the second quarter of 2016. The branded consumer goods business had an operating profit of NOK 982 million, representing a 20% improvement. Orkla has been strengthened by a number of acquisitions and internal improvement projects.

      Orkla's operating revenues increased by 22% in the second quarter, to NOK 9,433 million.

      Organic turnover growth in the branded consumer goods business was 3.8%. All four business areas reported improvement in the quarter, both in operating revenues and in operating profit.

      "For the ninth consecutive quarter we saw organic sales growth in the branded consumer goods business. Orkla had significant improvement in operating profit due to higher sales and internal improvement projects. In addition, demanding integration efforts are under way in the wake of several acquisitions. I am also very satisfied with developments in the aluminium company Sapa," says Orkla President and CEO Peter A. Ruzicka.

      Second-quarter profit from associates and joint ventures was NOK 442 million. Orkla's share of Sapa's profit after taxes amounted to NOK 319 million in the quarter, compared with NOK 7 million in the same period of 2015. The rise is attributable to improvement programmes and a shift in sales towards higher-value products. Jotun also contributed positively, with improvements in both sales and operating profit.

      Hydro Power achieved an operating profit of NOK 53 million in the second quarter of 2016, as against NOK 27 million in the same period in 2015. Higher electricity prices were the main reason for the improvement.

      Orkla's profit before taxes came to NOK 1,259 million in the second quarter, compared with NOK 1,280 million in the corresponding period of 2015. Last year's figure included a gain of NOK 425 million after a sale of shares in aluminium company Gränges.

      During the first half of 2016, Orkla freed up about NOK 1.3 billion through the sale of shares and property. The funds will be used to invest further in the branded consumer goods business.

      Orkla has strengthened its presence in several markets lately. With the acquisition of Hamé, Orkla Foods is now one of the largest food products suppliers in the Czech Republic, Slovakia and Romania. The acquisition of Cederroth has made Orkla Care one of the Nordic region's leading branded consumer goods suppliers in the cleaning and personal care categories.

      The acquisition of Harris makes Orkla House Care the leading provider of Do-It-Yourself painting tools in the UK. This agreement is contingent on approval by UK competition authorities. The acquisition of four strong textile brands in Finland has given Pierre Robert Group a good platform in the Finnish grocery sector. Orkla Food Ingredients has become an increasingly important supplier of ice cream ingredients in the UK, Germany, Netherlands and the Nordic countries as a result of a number of acquisitions.


      Orkla ASA
      Oslo, 15 July 2016
      Avatar
      schrieb am 02.09.16 08:55:39
      Beitrag Nr. 195 ()
      Orkla ASA: Orkla expands in the Netherlands

      Through its wholly-owned subsidiary Sonneveld Group B.V. ("Sonneveld"), Orkla Food Ingredients (OFI) has signed and closed an agreement to acquire 70% of the shares in Broer Bakkerijgrondstoffen B.V. ("Broer"), a leading manufacturer of almond paste, bakery ingredients and ice cream powder in the Netherlands.

      Sonneveld's core business include bread improvers and mixes. Through its acquisition of Broer, Sonneveld has expanded its product portfolio in the Netherlands in categories that OFI knows well. In 2015, OFI expanded its operations for ice cream ingredients and accessories to the Netherlands through its acquisition of the Dutch sales and distribution companies Frusco and Briceland. The acquisition of Broer, which has its own production of ready mixes for soft-serve ice cream, further strengthens OFI's position in the Netherlands ice cream market.

      Broer manufactures primarily for the Dutch B2B market, but also exports products to other countries, chiefly Belgium. With sales and distribution companies in 22 countries, OFI will be able to contribute to the further development of the company's sales, marketing and product development activities.

      "This acquisition is in line with Orkla's desire to grow in selected categories and markets where we see potential for further growth and synergies. Broer holds solid positions in categories that are already part of OFI's core business, and the acquisition is strategically important for strengthening OFI's presence in selected geographies in Europe," says Pål Eikeland, Orkla EVP and CEO of OFI.

      Broer has a total of 32 employees, and is located in Waddinxveen, Netherlands. The company achieved a turnover of EUR 17 million (approx. NOK 158 million) in 2015 and EBIT (adj.) of EUR 0.7 million (approx. NOK 6.5 million). The parties have agreed on a purchase price of EUR 6 million (approx. NOK 56 million) on a debt-free basis (100%).

      The company's former owners are the same who owned the sales and distribution company Briceland, which Orkla acquired in December 2015. Two of the owners will remain minority shareholders with a total of 30% of the company's shares.
      Avatar
      schrieb am 04.10.16 09:28:45
      Beitrag Nr. 196 ()
      Orkla acquires attractive gut health brand in Poland

      Orkla has, through its wholly owned subsidiary Orkla Health Poland, signed and completed an agreement to acquire the brand Colon-C through an asset transaction. With this acquisition, Orkla is strengthening its foothold in the rapidly growing gut health category.

      Colon-C is a leading brand in the constipation category and a strong market leader in the fibre segment in Poland. By acquiring Colon-C, Orkla expands its platform in gut health, which already consists of the brands Husk and Samarin.

      "The acquisition of Colon-C is strategically important for strengthening Orkla Health's position in a growing category. Poland is a priority market for Orkla Health, and we have identified potential opportunities for value creation in the form of both increased sales and cost synergies. With close to 75% of sales through pharmacies, the acquisition of Colon-C also strengthens Orkla Health's presence in the pharmacy channel," says Henning Søgaard, CEO Orkla Health Group.

      Consumers value the product portfolio for its effectiveness. The brand Colon-C is a European approved trademark with growth potential also outside the Polish market.

      Colon-C achieved a turnover of PLN 14.6 million (approx. NOK 31 million) in 2015. The brand will be consolidated into Orkla's accounts as of 1 October 2016. The transaction does not involve transfer of employees or production sites.

      Before the transaction, Colon-C was owned by A-Z Medica, which is a specialist producer and distributor of natural herbal supplements, dietary supplements and cosmetics, established in 2001.
      Avatar
      schrieb am 04.10.16 13:29:07
      Beitrag Nr. 197 ()
      Es gibt was zu Feiern....
      heute sehe ich zum ersten Mal seit Einführung der AbgSt höhere Kurse für Orkla, als ich für meine Position bezahlt habe (EUR 9,13);


      für mich ein weiterer Beweis, dass sich Durchhalten oft auszahlt, auch wenn die Rendite bisher natürlich alles andere als berühmt ist: die Divi's dürften so 3-4% p.a. gebracht haben.


      Mal sehen, wohin die steuerfreie Reise noch führen mag.
      Avatar
      schrieb am 03.03.17 13:06:05
      Beitrag Nr. 198 ()
      Orkla expands in ice cream ingredients and accessories

      Through its wholly-owned subsidiary Idun Industri AS, Orkla Food Ingredients (OFI) has signed and closed an agreement to acquire 100% of the shares in the Netherlands sales and distribution company Laan Heiloo B.V ("Laan").

      Laan is a leading supplier of ingredients and accessories to the ice cream market in the Netherlands. Orkla Food Ingredients has built up a strong position in the ready-to-use soft-serve ice cream mix and accessories category in the Netherlands, and the businesses are a good match.

      "This acquisition is in line with Orkla's desire to grow in selected categories and markets where we see potential for further growth and synergies. We already hold a strong position in the Netherlands soft-serve ice cream market, and our purchase of Laan will also strengthen our foothold in the gelato segment," says Pål Eikeland, Orkla EVP and CEO of Orkla Food Ingredients.

      Laan is a family-owned business located in Heiloo in the Netherlands, with a total of 15 employees. In 2016, the company had a turnover of EUR 5.8 million (approx. NOK 51 million).
      Avatar
      schrieb am 07.07.17 13:08:25
      Beitrag Nr. 199 ()
      Orkla divests laundry business

      Orkla Care has entered into an agreement to sell Lilleborg's professional laundry business to the Belgian company Christeyns, which offers hygiene and cleaning products and services.

      The reason for the divestment is that the laundry business lies outside Lilleborg's strategic priorities.

      "The laundry business is a small and complex part of Lilleborg, and we want to concentrate our management resources and capital on other areas that are better aligned with our strategy. With Christeyns as owners, the laundry business will be part of a company with competent specialist expertise that will provide a good platform for further development," says Stig Ebert Nilssen, Orkla SVP and CEO of Orkla Care.

      The business supplies chemicals, dosing equipment, textiles and other products to professional laundries in Norway. The sale is a transfer of business, entailing the sale of inventories, certain brands and a domain name. It also includes a licensing agreement for Lilleborg-owned products, and a supply agreement for products not owned by Lilleborg. Six employees will remain with the business following the change of ownership.

      The business that is being transferred reported turnover of NOK 37 million in 2016.

      The agreement is expected to be completed in the autumn of 2017. The parties have agreed not to disclose the purchase price.
      Avatar
      schrieb am 08.07.17 14:37:07
      Beitrag Nr. 200 ()
      Mars Norge has terminated its distribution agreement with Orkla Confectionery & Snacks Norge.

      As of 1 January 2018 it will take over the sale of Extra and Hubba Bubba chewing gum itself.



      Nidar and Orkla have been responsible for sales of the Wrigley products in Norway since 1988.

      "This distribution agreement has been important because it has given us access to the chewing gum market, and the possibility of being a full-range supplier in the confectionery category. However, we've been aware that Mars and Wrigley merged their organisations last year and that this could affect our agreement," says Jeanette Hauan Fladby, CEO of Orkla Confectionery & Snacks Norge. She also explains that the merger is Mars Norge's main reason for terminating the agreement.

      The almost 30-year partnership has been a win-win situation for both parties.

      "Through our collaboration Wrigley has had access to one of Norway's biggest and best sales organisations, and we have been a full-range supplier in the confectionery category. This cooperation has yielded solid results. Since we joined forces in 1988, our value market share of the chewing gum category has increased from 18 to 86 per cent," relates Ms Hauan Fladby.

      "We will now spend the next few weeks looking at what this means in detail for Orkla Confectionery & Snacks Norge and how we can best deal with the change. At the same time, we must be solution-oriented and explore the new opportunities that open up when we exit this agreement," she says.
      1 Antwort
      Avatar
      schrieb am 14.07.17 16:27:27
      Beitrag Nr. 201 ()
      Antwort auf Beitrag Nr.: 55.285.558 von R-BgO am 08.07.17 14:37:07Sonderdividende NOK 5,00 bis Ende 2017 gemäß 2nd quarter presentation von heute......
      Avatar
      schrieb am 17.07.17 09:18:17
      Beitrag Nr. 202 ()
      Published: 06:59 CEST 14-07-2017 /GlobeNewswire /Source: Orkla ASA / : ORK /ISIN: NO0003733800

      Continued growth for Orkla

      Orkla's operating revenues rose 4% in the second quarter, to NOK 9,771 million. The Branded Consumer Goods business delivered organic growth for the 13th consecutive quarter. Orkla achieved organic growth of 0.7% this quarter, despite the negative effect of the timing of Easter.

      Operating profit (EBIT adj.) increased by 3%, totalling NOK 1,025 million. Orkla Confectionery & Snacks, Orkla Care and Orkla Food Ingredients all reported profit improvement. Orkla Foods posted slightly lower operating profit than in the corresponding period of last year, primarily due to increased raw material prices and higher advertising investments.

      "We saw a rise in raw material prices for meat and dairy products in the EU this quarter, in addition to a weaker krone in Norway and Sweden. Our goal is to compensate for this by raising the prices of our finished products, but the price increases will have a gradual effect. We will also continue to improve our own operational efficiency," says Orkla President and CEO Peter A. Ruzicka.

      Profit from associates amounted to NOK 115 million in the second quarter, and can mainly be attributed to Jotun. Weaker shipping and offshore markets impacted negatively on Jotun. Hydro Power achieved operating profit of NOK 79 million in the second quarter, compared with NOK 53 million in the same period of 2016. The improvement is primarily due to higher power prices and increased production volume.

      Orkla's profit before tax increased by 3%, amounting to NOK 967 million in the second quarter. Earnings per share for continuing operations rose 9%, to NOK 0.75.

      Acquisitions were made in the quarter for a total of NOK 531 million, of which the Danish company Riemann Holding accounted for the largest share. With this acquisition, Orkla Care has expanded its position in the personal care segment and its presence in the pharmacy channel. Riemann Holding has good positions in the sun protection and antiperspirant markets.



      Orkla Food Ingredients strengthened its position in the ice cream and bakery ingredient market by means of several small acquisitions.

      In line with its strategy of being a leading branded consumer goods company, Orkla entered into an agreement on 10 July to sell its interest in Sapa to Norsk Hydro. The parties have agreed on a purchase price that values Sapa at a total of NOK 27 billion (on a debt-free basis). The final purchase price will be determined on the basis of the statement of financial position at the date of completion. Orkla's Board of Directors will propose that an extraordinary dividend of NOK 5 per share be paid out. The agreement is subject to the approval of the relevant competition authorities.

      "The sale of Sapa will give Orkla a very solid financial platform that will provide a foundation for both continued growth and good dividend capacity. In line with Orkla's capital allocation strategy, our first priority is to strengthen the Branded Consumer Goods area by making acquisitions and investing in our present operations," says Peter A. Ruzicka.



      Orkla ASA
      Oslo, 14 July 2017
      2 Antworten
      Avatar
      schrieb am 17.07.17 21:19:49
      Beitrag Nr. 203 ()
      Antwort auf Beitrag Nr.: 55.336.772 von R-BgO am 17.07.17 09:18:17Published: 06:59 CEST 10-07-2017 /GlobeNewswire /Source: Orkla ASA / : ORK /ISIN: NO0003733800

      Orkla ASA: Orkla to sell its interest in Sapa to Hydro

      Orkla and Norsk Hydro ("Hydro") have entered into an agreement whereby Hydro is to purchase Orkla's 50% interest in Sapa. The sale is in line with Orkla's strategy of being a leading branded consumer goods company.


      Since the establishment of the joint venture company Sapa ("Sapa JV") in 2013, the company has more than tripled its profit and become the world's leading manufacturer of extruded aluminium profiles, with a turnover of NOK 53 billion and 22,400 employees. The joint venture agreement originally formed between Orkla and Hydro contained provisions stipulating joint ownership for at least three years.

      "After more than three years of successful partnership, this is now an appropriate time for Orkla to turn over ownership to Hydro. The establishment of Sapa JV has been a success story, and with Hydro as owner, Sapa will have a good industrial platform for further development. For Orkla, the sale is a natural consequence of our strategy of becoming a focused branded consumer goods company," says Orkla President and CEO Peter A. Ruzicka.

      The parties have agreed on a purchase price that values Sapa at a total of NOK 27 billion (on a debt-free basis). The final purchase price will be determined on the basis of the statement of financial position as of the date of completion. The purchase price will be paid in cash at completion.

      Orkla has been a shareholder in Sapa since 2005. When Sapa JV was established in 2013, Gränges was spun off and subsequently listed on the Stockholm stock exchange at a total sales value of approximately NOK 5 billion. At the time Sapa JV was established, Orkla received a cash settlement of NOK 1.8 billion. For 2016, Orkla has received an ordinary dividend of NOK 1.5 billion. Orkla thus expects to realise a total value of more than NOK 20 billion from its original investment in Sapa.

      Today's transaction entails a gain of approximately NOK 5 billion for Orkla. Under Norwegian tax law, this gain generates no tax liability.

      The Board of Directors of Orkla will propose that a special dividend of NOK 5 per share be paid out after the agreement is completed. The Board proposes that the special dividend be approved and paid out as soon as practically possible after completion of the agreement with Hydro.

      Even after payment of the special dividend, Orkla will have a very solid financial platform that will provide a foundation for both continued growth and good dividend capacity. In line with Orkla's capital allocation strategy, the first priority is to strengthen the Branded Consumer Goods business through acquisitions and investments in existing operations.

      The agreement is subject to the approval of relevant competition authorities, including the EU, China, Brazil, Canada and Turkey, and is expected to be completed in the course of 2017.
      1 Antwort
      Avatar
      schrieb am 02.10.17 10:10:25
      Beitrag Nr. 204 ()
      Antwort auf Beitrag Nr.: 55.342.247 von R-BgO am 17.07.17 21:19:49Published: 07:15 CEST 02-10-2017 /GlobeNewswire /Source: Orkla ASA / : ORK /ISIN: NO0003733800

      Orkla ASA: Agreement regarding sale of Orkla's interest in Sapa to Hydro completed

      Reference is made to the stock exchange notice of 10 July 2017 regarding announcement of an agreement between Orkla and Norsk Hydro ("Hydro") whereby Hydro is to purchase Orkla's 50% interest in Sapa. The agreement was completed today in accordance with its terms.

      Orkla has today received NOK 11.86 billion in cash from Hydro as preliminary purchase price, which represent a valuation of Sapa of NOK 27 billion (on debt-free basis). Final purchase price will be determined based on Sapa's balance as of 30 September 2017.

      Orkla has been a shareholder in Sapa since 2005. When Sapa JV was established in 2013, Gränges was spun off and subsequently listed on the Nasdaq Stockholm (Stockholm stock exchange) at a total sales value of approximately NOK 5 billion. At the time Sapa JV was established, Orkla received a cash settlement of NOK 1.8 billion. For 2016, Orkla has received an ordinary dividend of NOK 1.5 billion from Sapa. Thus, Orkla has realised a total value of more than NOK 20 billion from its original investment in Sapa.

      As from Q2, Orkla has reported the engagement in Sapa as discontinued operations. Taking into account profit from operation and completion of the transaction, Orkla will as per Q3 report a total profit and gain from Sapa of approximately NOK 5 billion on the line "discontinued operations". Final calculation of the gain will be determined in connection with establishing the final purchase price under the agreement.

      As further set out in a separate stock exchange notice, the Board of Directors of Orkla has decided to call for an extraordinary general meeting on 25 October 2017 with the purpose of handling the proposal to distribute a special dividend of NOK 5 per share.

      Orkla is a leading supplier of branded consumer goods and concept solutions to the grocery, out-of-home and bakery markets in the Nordics, Baltics and selected markets in Central Europe and India. Orkla is listed on the Oslo Stock Exchange and its head office is in Oslo. In 2016, the Group had a turnover of approximately NOK 38 billion, and 18,000 employees at year end.

      Orkla ASA
      Oslo, 2 October 2017
      Avatar
      schrieb am 26.10.17 11:12:59
      Beitrag Nr. 205 ()
      Orkla acquires leading Norwegian ingredients supplier

      Through its wholly-owned subsidiary Idun Industri AS, Orkla Food Ingredients has signed an agreement to purchase 100% of the shares in Arne B. Corneliussen AS ("Arne B. Corneliussen"), a leading manufacturer and supplier to the Norwegian food industry.

      The company's product portfolio consists of spices, marinades, flavourings, starter cultures and other functional ingredients, in addition to packaging solutions. Its customer market is Norwegian food manufacturers with the Norwegian meat industry as main segment.

      Orkla Food Ingredients is the leading bakery ingredients player in the Nordic region, supplying products such as margarine and butter blends, yeast, bread and cake improvers and mixes, marzipan and ice cream ingredients. In acquiring Arne B. Corneliussen, the business area will expand its product range and customer base in Norway.

      "This acquisition gives us access to a new growth platform in the food industry. The purchase of Arne B. Corneliussen also offers potential for synergies with our existing ingredients operations in Norway, in the form of a more strategic focus on the out-of-home sector as well as savings in areas such as purchasing and distribution," says Pål Eikeland, Orkla EVP and CEO of Orkla Food Ingredients.

      Arne B. Corneliussen, established in 1949, has been owned since 1995 by DAT-Schaub A/S, a subsidiary of Danish Crown.

      "We have had nothing but good experiences during our period as owners of Arne B. Corneliussen, but the time has now come to concentrate our operations. We think that a Norwegian owner will be positive for the company, and we look forward to continuing the close collaboration between DAT-Schaub and Arne B. Corneliussen," says Jan Roelsgaard, CEO of DAT-Schaub.

      The company, which has 32 employees, has its head office, production facilities, test kitchen and warehouse at Økern in Oslo. The business now being sold had a turnover of NOK 188 million in 2016. The parties have agreed not to disclose the purchase price.

      The agreement is subject to the approval of the Norwegian competition authorities.
      Avatar
      schrieb am 20.11.17 13:06:19
      Beitrag Nr. 206 ()
      Orkla acquires leading Czech frozen vegetable producer

      Through its wholly-owned subsidiary Hamé, Orkla has signed an agreement to purchase Agrimex, a leading frozen vegetable producer in the Czech Republic.

      Hamé is a leading branded food company in the Czech Republic and Slovakia, and holds strong positions in the liver paté, ready meals, ketchup, jam, baby food and tinned vegetable categories. Through the acquisition of Agrimex Hamé has strengthened its position in the frozen vegetable category.

      "Agrimex and Hamé are a good fit. We are market leader in several categories in the Czech Republic and Slovakia, and by purchasing Agrimex we will also acquire a solid foothold in frozen vegetables. Furthermore, we are strengthening our position in the out-of-home sector since more than one fourth of Agrimex's sales are made through this channel," says Atle Vidar Nagel Johansen, Orkla EVP and CEO of Orkla Foods.

      Agrimex has a modern, automated production plant in Panenské Brežany, north of Prague. Raw materials are supplied by local Czech farmers in the factory's vicinity. The products are sold under the Dione, Dione Premium and Agrimex Foodservice brands.

      Agrimex is a privately owned company established in 1995 and has 32 employees. The company had a turnover of CZK 260 million (approx. NOK 96 million) in 2016. The company will be consolidated into Orkla's financial statements as from 1 December 2017.

      The parties have agreed not to disclose the purchase price.

      Orkla is a leading supplier of branded consumer goods and concept solutions to the grocery, out-of-home and bakery markets in the Nordics, Baltics and selected markets in Central Europe and India. Orkla is listed on the Oslo Stock Exchange and its head office is in Oslo. In 2016, the Group had a turnover of approximately NOK 38 billion, and 18,000 employees at year end.

      Orkla ASA
      Oslo, 20 November 2017
      3 Antworten
      Avatar
      schrieb am 21.11.17 07:52:24
      Beitrag Nr. 207 ()
      Antwort auf Beitrag Nr.: 56.225.114 von R-BgO am 20.11.17 13:06:19nächster Zukauf:


      Orkla invests in digital commerce

      Orkla has entered into an agreement to purchase the Swedish company Health and Sports Nutrition Group HSNG AB ("HSNG"). HSNG runs the eCommerce portals Gymgrossisten and Bodystore, and is the biggest online health and sport nutrition company in the Nordic region.

      Through the Gymgrossisten and Bodystore eCommerce portals, HSNG offers dietary supplements, health and well-being products, activewear, equipment and accessories to a broad customer base in the Nordic region. Its sales portfolio includes proprietary brands and products distributed on behalf of third parties. The websites purchased receive 24 million visits per year.

      "Orkla's goal is to strengthen its focus on digital marketing and sales, and through this acquisition we 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.

      Gymgrossisten primarily targets athletes and active sports enthusiasts. Bodystore is a full-range store for health-conscious consumers, and caters to all customer groups with an interest in health and wellness. HSNG has a product development team consisting of experienced nutritionists who provide customer services and product advice directly to consumers.

      HSNG's operations will be maintained as a separate unit in the Orkla Care business area.

      HSNG is currently owned by Qliro Group and has around 170 employees. The company is headquartered in Stockholm and has a 12,700 sq.m. logistics centre in Trollhättan. Last rolling 12 months per 1 October HSNG had net sales of SEK 772.8 million (ca. NOK 757 million) and EBITDA of SEK 38.4 million (ca. NOK 38 million). A total of 60% of the company's turnover is generated in Sweden, and the rest chiefly in Finland, Norway and Denmark.

      The transaction is conditional on the approval of the competition authorities in Sweden, Norway and Austria. The parties have agreed on a purchase price of SEK 360 million on a debt-free basis.
      2 Antworten
      Avatar
      schrieb am 01.02.18 14:08:36
      Beitrag Nr. 208 ()
      Antwort auf Beitrag Nr.: 56.231.621 von R-BgO am 21.11.17 07:52:24Orkla strengthens its production capacity in the breakfast category

      Through its wholly-owned subsidiary Orkla Foods Sverige, Orkla has signed and closed an agreement to purchase the Danish bakery Struer Brød A/S ("Struer"). Struer produces breakfast cereals and breadcrumbs, and Orkla is its most important customer.

      Through the Paulúns, Bare Bra and Det Gode Liv brands, Orkla offers a broad selection of healthier breakfast products. The products are being launched in a growing number of markets, and the category is seeing good growth. Struer has supplied breakfast cereals to Orkla since 2012, as well as selling products to the out-of-home sector and the food industry under their own brand Struer.

      "Struer delivers high-quality products and has strong product development expertise. We are pleased with our collaboration with Struer, and this acquisition is strategically important to ensure sufficient production capacity and product development for the future," says Atle Vidar Nagel Johansen, Orkla EVP and CEO of Orkla Foods.

      Struer was established in 1929 and has 44 employees. The current owners are the three companies Lantmännen Cerelia A/S, Givesco A/S and JN-Holding af 1. oktober 1989 ApS. In 2016, Struer had a turnover of DKK 114 million (ca. NOK 148 million), about half of which consisted of sales to Orkla, and EBIT of DKK 9,8 million (ca. NOK 13 million). The company will be consolidated into Orkla's financial statements as of 1 February 2018.

      The parties have agreed not to disclose the purchase price.

      Orkla is a leading supplier of branded consumer goods and concept solutions to the grocery, out-of-home and bakery markets in the Nordics, Baltics and selected markets in Central Europe and India. Orkla is listed on the Oslo Stock Exchange and its head office is in Oslo. In 2016, the Group had a turnover of approximately NOK 38 billion, and around 18,000 employees.

      Orkla ASA
      Oslo, 1 February 2018
      1 Antwort
      Avatar
      schrieb am 11.06.18 15:38:13
      Beitrag Nr. 209 ()
      Antwort auf Beitrag Nr.: 56.898.974 von R-BgO am 01.02.18 14:08:36Orkla consolidates biscuits production

      The Board of Directors of Orkla ASA has today decided to consolidate production of biscuits in the Group, and to build a new biscuits factory outside Riga, Latvia. This is part of the Group's strategy of consolidating production in fewer and more efficient plants.

      - The new production plant will secure Orkla's future competitiveness, allowing to focus investments on new technology, increase cost effectiveness and create a stronger production platform, which will give us an exciting opportunity to create new products, offer innovations, as well as to increase export, says Ann-Beth Freuchen, Orkla Executive Vice President and CEO of Orkla Confectionery & Snacks.

      Consequently, the current biscuits production operations in Kungälv and Riga will be closed down and relocated to the new factory. This change will be carried out by the end of 2022.

      Biscuits are an important category for Orkla, in which the Group has strong market positions in the Nordics and Baltics and export sales.

      Several different alternatives for the future production of bisquits have been considered and the final decision is to build a new factory outside of Riga. In compliance with Swedish labour law, negotiations have been in progress since January between the employee representatives at the factory in Kungälv and the management of Orkla Confectionery & Snacks Sverige.

      Today, around 350 persons are employed at the plant in Kungälv. When production moves in 2022, a product development centre will remain in Kungälv.
      Avatar
      schrieb am 05.07.18 12:18:03
      Beitrag Nr. 210 ()
      Orkla expands in Denmark

      Through its wholly-owned subsidiary Odense Marcipan A/S, Orkla Food Ingredients has signed and completed an agreement to purchase the Danish marmalade and fruit fillings manufacturer Igos A/S.

      Igos A/S is the Nordic market leader in bake stable marmalades, fruit fillings and syrup for bakeries and confectioners. They also offer a wide selection of organic varieties.

      Odense Marcipan is market leading manufacturer in Scandinavia of marzipan and marzipan-related products for bakeries, caterers, industrial cake manufacturers and confectioners. The acquisition of Igos supplements its portfolio with a much sought-after product category.

      "Odense Marcipan has had the objective of expanding its product assortment to include marmalade and fruit fillings. The purchase of Igos A/S is strategically appropriate for strengthening our platform in Scandinavia and Northern Europe. The agreement offers potential for purchasing synergies and broader distribution for both companies," says Niels S. Søgaard, CEO of Odense Marcipan A/S.

      Igos A/S was established in 1942, and has 17 employees. The company's headquarters and production facilities are located outside Copenhagen, Denmark. The company is currently owned by Abdon Group.

      The company had a turnover of DKK 44 million (approx. NOK 56 million) in 2017, and EBIT of DKK 2.9 million (approx. NOK 3.7 million). The company will be consolidated into Orkla's financial statements as of 1 July 2018.

      The parties have agreed not to disclose the purchase price.
      Avatar
      schrieb am 14.07.18 12:21:55
      Beitrag Nr. 211 ()
      10% haircut nach den Q2-Zahlen
      Avatar
      schrieb am 22.11.18 08:40:47
      Beitrag Nr. 212 ()
      FETTER Aufschlag:
      Published: 07:00 CET 22-11-2018 /GlobeNewswire /Source: Orkla ASA / : ORK /ISIN: NO0003733800

      Orkla ASA: Orkla seeks to acquire Kotipizza

      Orkla has today signed a combination agreement to launch an offer to purchase all the shares in Kotipizza Group Oyj ("Kotipizza Group"), the owner of Finland's largest chain for pizza restaurants.

      Kotipizza Group is a leading player in the growing Finnish restaurant market, and Finland is one of Orkla's home markets. The restaurants are mainly operated by franchisees.

      "Kotipizza Group is a well-run company with competent management and a well-functioning franchise model. The acquisition of Kotipizza Group is in line with our strategic ambition to increase our presence in channels with faster growth than traditional grocery, and we see a good match between the two companies", says Orkla President & CEO Peter A. Ruzicka.

      Kotipizza Group is listed on Nasdaq Helsinki, and the offer concerns the purchase of all outstanding shares in the company. The 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). The Board of Directors of Kotipizza Group has unanimously decided to recommend the shareholders of Kotipizza Group to accept this offer.

      Kotipizza Group is best known for the pizza restaurant chain Kotipizza, which was established in 1987. Since then, the chain has grown to 280 restaurants in Finland, of which all except one are franchise-operated.

      In addition to the restaurant concepts, Kotipizza Group owns the purchasing and wholesale company Helsinki Foodstock Oy, which supplies ingredients to the Group's own chains and Helsinki Foodstock's external customers.

      Kotipizza Group had total net sales of EUR 84.1 million (ca. NOK 789 million) in the 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. The company's management will remain in place after completion of the tender offer, and the business will be operated as an independent entity in Orkla.

      The completion of the tender offer is subject to certain conditions, including, among others, approvals by the relevant regulatory authorities and Orkla gaining control of more than 90 per cent of the outstanding shares and votes in Kotipizza Group.

      The announcement to launch the tender offer is enclosed in its entirety.
      1 Antwort
      Avatar
      schrieb am 21.12.18 16:19:58
      Beitrag Nr. 213 ()
      Antwort auf Beitrag Nr.: 59.274.028 von R-BgO am 22.11.18 08:40:47
      nächste Akquisition:
      .
      .
      Orkla acquires supplier of bread-based convenience products

      Through its wholly-owned subsidiary Orkla Foods Danmark A/S, Orkla has entered into an agreement to purchase 90 per cent of the shares in Easyfood A/S, a Danish producer of bread-based convenience products for the out-of-home channel.

      More and more consumers are eating outside their home. Since 2000, on the basis of this trend, Easyfood has established itself as a solid supplier to the out-of-home market in Denmark, and has a growing customer base that includes in-store bakeries, convenience stores, cafés, petrol stations and food service.

      "Easyfood is well positioned in a growing market for convenience products. Orkla holds a strong position in the Danish grocery sector, in a wide range of food categories. Through our acquisition of Easyfoood, we are strengthening our position in the out-of-home market and in channels with higher growth than traditional grocery stores," says Carsten Hänel, CEO of Orkla Foods Danmark.

      "Orkla is the Nordic region's leading branded consumer goods company and will provide valuable expertise and support in Easyfood's future growth. Together, the two companies will be well positioned to respond to new consumer habits, and I am looking forward to being part of the journey ahead," says Flemming Paasch, CEO of Easyfood.

      Easyfood currently has 144 employees. The company's headquarters, warehouse and production facilities are located in Kolding, Denmark, where the business was established in 2000. The present owners are Flemming Paasch and Hemming Van, of which the first mentioned will remain in the company as CEO and minority shareholder.

      The company had a turnover of DKK 316.1 million (approx. NOK 415 million) in the last 12 months as at 30 October 2018, and normalised EBITDA of DKK 33.7 million (approx. NOK 44 million) in the same period. While the company's turnover is mainly generated in Denmark, exports account for a growing share, currently around 14 per cent.

      The parties have agreed on a purchase price that values the company at DKK 330 million (approx. NOK 433 million). The agreement is subject to the approval of the Danish competition authorities.

      In connection with this transaction, Orkla was advised by Plesner (legal) and Deloitte (transaction service), while the sellers were advised by Andersen Partners (legal), ATRIUM Partners (financial) and EY (transaction service).
      Avatar
      schrieb am 06.02.19 11:52:52
      Beitrag Nr. 214 ()
      Zahlen kamen heute
      unauffällig, Divi bleibt gleich


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