Okrala's fourth-quarter performance was strong, achieving organic growth

LootboxPhobia · 2026-02-12T13:45:10+00:00

Oklara Company released its Q4 2024 financial report, with consolidated sales exceeding expectations by 4.5% year-over-year, reaching 18.66 billion Norwegian Krone. Adjusted EBIT profit margin and earnings per share both surpassed analyst expectations. The snacks and food ingredients divisions performed well, while the Food Europe division showed sluggish growth. Looking ahead, the company emphasizes that sales growth and cost efficiency are key.

LootboxPhobia

2026-02-12 13:45:10

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Investing.com – Orkla delivered a strong finish for 2024 on Thursday, with organic sales growth of 4.5% in the fourth quarter, surpassing analysts’ expectations of 4.1%.

The Norwegian consumer goods company reported fourth-quarter revenue of 18.66 billion Norwegian kroner, up 3.6% from the same period last year, exceeding consensus estimates by 1%, despite a 0.9% negative impact from acquisitions. Currency effects contributed a 1% positive impact.

Orkla’s adjusted EBIT margin increased by 120 basis points to 10.3%, beating analysts’ expectations of 9.4%. This resulted in adjusted EBIT of 1.92 billion Norwegian kroner, 10% above consensus estimates. Adjusted earnings per share reached 1.74 Norwegian kroner, surpassing analyst forecasts by 30%.

The company’s snack division performed particularly well, with organic sales growth of 7%, exceeding the 4.4% forecast, mainly driven by a 5.3% price increase, especially in chocolate products.

The segment also benefited from the successful relaunch of the Taffel brand in Finland and continued strong demand for BUBS products, including in the U.S. market.

The food ingredients division also performed well, with organic growth of 8.3%, surpassing the 6.3% estimate, driven by a 3.8% increase in volume/portfolio and strong performance in the desserts category. However, Orkla Food Europe underperformed, with only 0.4% organic growth, below the 2.2% forecast, partly due to reduced promotional activities in Norway.

Looking ahead to 2026, Orkla management stated that stronger sales growth and cost efficiency will be key focus areas. The company expects its food and health divisions to face rising raw material costs, while the snack business is expected to benefit from favorable conditions.

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