Brief: Orkla Dividend Proposal NOK 3.00 Per Share

Orkla ASA

14/02/2023 06:18

Feb 14 (Reuters) - Orkla ASA  ORK.OL :
    * BOARD OF DIRECTORS INTENDS TO PROPOSE A DIVIDEND OF NOK 3.00 PER SHARE FOR THE 2022
FINANCIAL
YEAR
    * OUTLOOK: TO IMPROVE PROFITABILITY IN THE BRANDED CONSUMER GOODS BUSINESS, IT WILL BE
NECESSARY
TO CONTINUOUSLY RATIONALISE AND OPTIMISE THE VALUE CHAIN, BUT ALSO TO CARRY OUT COST IMPROVEMENT
MEASURES
    * OUTLOOK: FOR 2023, THE TOTAL COST IMPROVEMENT PROGRAMMES INCREASED BY OVER 40% FROM THE
ORIGINAL
TARGETS ANNOUNCED ON ORKLA’S CAPITAL MARKETS DAY IN NOVEMBER 2021, FROM APPROXIMATELY NOK 700
MILLION TO AROUND NOK 1 BILLION
    * OUTLOOK: CONCRETE INITIATIVES AND PROJECTS WILL BE CARRIED OUT TO ASSESS LOW-PROFITABILITY
FACTORIES AND CATEGORIES IN THE PORTFOLIO, AND TO OPTIMISE THE ORGANISATIONAL STRUCTURE
    * OUTLOOK: ORKLA IS CONSIDERING MAKING CHANGES IN PRODUCTION STRUCTURE AND OTHER PARTS OF
THE
BUSINESS IN THE CZECH REPUBLIC
    * IN Q4 : COSTS OF ORKLA’S PURCHASED RAW MATERIALS, FINISHED GOODS AND PACKAGING ROSE BY
APPROXIMATELY 17% IN 2022, POSITIVELY IMPACTED BY THE LAG EFFECT OF LONG-TERM PURCHASING
CONTRACTS

Source text for Eikon:  ID:nWkrbVCd1m 
Further company coverage:  ORK.OL 
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