Orkla delivered goods in Q2, and the company delivered organic growth for the fifth consecutive quarter.
The strongest margin increase came in Confectionary & amp; Snacks.
– There we have had very powerful programs in that we merged three companies in Norway and two in Sweden. It has been challenging, and made sure we lost focus for a while, but now we see that we get the good effect of it, says Orkla manager Peter Ruzicka TDN Finans.
The weak crown
At the same time he has a mixed relationship with the weak krona.
– In the short term the weak crown demanding, due to the higher purchasing costs for inputs. Meanwhile, we are less exposed to currency fluctuations than many of our competitors, whose entire output abroad.
– In this perspective, a short-term problem, but also a long-term opportunity, said Ruzicka news agency.
Orkla rising 1.1 percent to 66.20 kroner on the Oslo Stock Exchange on Friday morning.
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