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Orkla

#1879

Rank

$7.56B

Marketcap

NO Norway

Country

Orkla
Leadership team

Mr. Nils Kloumann Selte (Pres & CEO)

Mr. Harald Ullevoldsæter (Exec. VP, CFO & Member of Group Exec. Board)

Mr. Atle Vidar Nagel-Johansen (Exec. VP of Orkla's Branded Consumer Goods Bus. & Member of Group Exec. Board)

Products/ Services
Fitness, Food Processing, Manufacturing, Wellness
Number of Employees
20,000 - 50,000
Headquarters
Oslo, Oslo, Norway
Established
1654
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
ORKLF
Social Media
Overview
Location
Summary
Orkla ASA engages in branded consumer goods, and industrial and financial investment businesses. The company offers branded products, including frozen pizza, ketchup, soups, sauces, bread toppings, and ready-to-eat meals through grocery retail trade, as well as the out-of-home, convenience store, and petrol station sectors. It also provides confectionery, biscuit, and snack products; and develops crispbread products, as well as energy snack meals. In addition, the company offers personal care and cleaning products; dietary supplement, sport nutrition, and weight control products; wound care products and first aid equipment; painting tools; basic garments; and professional cleaning products. Further, it operates Gymgrossisten and Bodystore e-commerce portals for health and sports nutrition products; and restaurants. Additionally, the company supplies margarine and butter blends, bread and cake improvers and mixes, yeast, marzipan, and ice cream ingredients; produces and supplies hydro power to the Nordic power market; and develops and sells real estate properties. It offers its food products under the Grandiosa, TORO, Stabburet, Felix, Paulúns, Abba, Kalles, Beauvais, Den Gamle Fabrik, Spilva, Vitana, MTR, and Eastern brands; confectionery and snacks under the KiMs, Nidar, Stratos, Göteborgs Kex, Sætre, OLW, Panda, Laima, Selga, Taffel, Adazu, and Kalev brands; health and sports nutrition under Zalo, Jif, Bliw, Grumme, Blenda, Define, Möller's, Collett, Nutrilett, Maxim, Norgesplaster, and Salvequick brands; and food ingredients under Odense, Mors Hjemmebakte, KronJäst, Bakkedal and NATURLI' brands. It has operations in Norway, Sweden, Denmark, Finland, Iceland, the Baltics, rest of Europe, and internationally. The company is headquartered in Oslo, Norway.
History

Orkla started out in 1654 with pyrite mining at Løkken Verk in Sør-Trøndelag, Norway. Later the company also started mining copper, but copper mining was abandoned in 1845. In 1904 Orkla Grube-Aktiebolag was founded by Christian Thams to start commercial mining at Løkken Verk, which included the construction of Thamshavnbanen, the first electric railway in Norway, between Løkken Verk and Thamshavn. This railway is still operated as a museum railway after the mining operations at Løkken Verk were closed on 10 July 1987.In 1929, Orkla became listed on Oslo Stock Exchange and in 1931 the new smelting plant at Thamshavn outside Orkanger is opened. By 1941 Orkla started with a separate investments portfolio, and opened offices in Oslo in 1975. In 1984 Orkla started a major takeover of Norwegian newspapers, creating Orkla Media as one of the three largest media companies in Norway. Half of the magazine publisher Egmont-Mortensen is added to Orkla Media in 1992 and the Danish Det Berlingske Officin in 2000. Orkla sold the media section to Mecom in 2006.In 1986 Orkla merged with Borregaard based in Sarpsborg to form Orkla Borregaard. The company then merged with Nora Industrier in 1992. Borregaard was spun off and introduced to the Oslo Stock Exchange in October 2012, with Orkla retaining a minority stake in the company. Orkla heavily invested in foods and among others acquired Swedish brewery Pripps as well as other companies, including Abba Seafood, Baltic Beverages Holding and Procordia Food. Norwegian Ringnes and Pripps were merged with Carlsberg Breweries, where Orkla acquired a 40% ownership in 2000. Orkla sold its ownership in Carlsberg in 2004, the same year it bought SladCo.

In 2005 Orkla bought the Norwegian material company Elkem and Sapa Group in Sweden. In 2010 Orkla bought the Estonian confectionery company Kalev. As of early 2013, Orkla owns ????&?? , ??????? ????? ???????? , ????? , ???????? , ?????? , and the ????? confectionery brands through Orkla Brands Russia. It is known to be the fifth largest confectionery producer in Russia.In November 2018 Orkla announced that it will acquire Finnish Kotipizza Group.In March 2022, Orkla Health announced it had acquired 100% of the shares of dietary supplements supplier Healthspan Group Limited for £65 million on a cash and debt-free basis.

Mission
To be the leading supplier of branded consumer goods and concept solutions that delight consumers.
Vision
To be the preferred consumer goods partner in the Nordics, Baltics and selected markets in Europe.
Key Team

Mr. Johan Clarin (Exec. VP, CEO of Orkla Food Ingredients & Member of Group Exec. Board)

Mr. Christer Gronberg (Exec. VP of Corp. Functions & Member of Group Exec. Board)

Ms. Hege Holter Brekke (EVP, CEO of Orkla Care & Member of Group Exec. Board)

Mr. Sverre Prytz (Exec. VP of M&A and Strategy and Member of Group Exec. Board)

Ms. Ingvill T. Berg (Exec. VP, CEO of Orkla Confectionery & Snacks & Member of Group Exec. Board)

Mr. Håkon Mageli (Corp. Communications & Corp. Affairs and Member of Group Exec. Board & Group Director)

Mr. Kenneth Haavet (Exec. Officer)

Recognition and Awards
Orkla has been awarded with the Superior Taste Award for its foods. In 2020, Orkla was awarded the Frost & Sullivan Europe Food and Beverage Company of the Year Award, and in 2019 it was awarded the Edelman European Corporate Communications & Engagement Award.
References
Orkla
Leadership team

Mr. Nils Kloumann Selte (Pres & CEO)

Mr. Harald Ullevoldsæter (Exec. VP, CFO & Member of Group Exec. Board)

Mr. Atle Vidar Nagel-Johansen (Exec. VP of Orkla's Branded Consumer Goods Bus. & Member of Group Exec. Board)

Products/ Services
Fitness, Food Processing, Manufacturing, Wellness
Number of Employees
20,000 - 50,000
Headquarters
Oslo, Oslo, Norway
Established
1654
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
ORKLF
Social Media