Brief: Orkla To Propose Total Dividend For 2023 Of NOK 6 Per Share

Orkla ASA

08/02/2024 06:23

Feb 8 (Reuters) - Orkla ASA  ORK.OL :
    * INTENTION OF PROPOSING TOTAL DIVIDEND FOR 2023 ACCOUNTING
YEAR
OF NOK 6 PER SHARE,OF WHICH NOK 3 IS IN ADDITION TO COMPANY'S
ORDINARY DIVIDEND
    * OUTLOOK: MACROECONOMIC CONDITIONS ARE SHOWING SIGNS OF
IMPROVING
IN MANY OF ORKLA’S MARKETS, WITH NORMALISING INFLATION RATES AND
GENERAL MARKET EXPECTATIONS OF INTEREST RATE CUTS DURING 2024 IN
THE EUROZONE, THE US AND NORDIC COUNTRIES
    * OUTLOOK: WHILE THERE IS STILL UNCERTAINTY AS REGARDS
VOLUME
PERFORMANCE GOING FORWARD, LOWER INFLATION AND INTEREST RATES
ARE EXPECTED TO POSITIVELY IMPACT CONSUMER DEMAND
    * OUTLOOK: AVERAGE MARKET PRICES OF KEY RAW AND PACKAGING
MATERIALS STABILISED DURING 2023 AND THERE ARE NOW INDICATIONS
OF LOWER INPUT FACTOR COSTS IN THE FIRST HALF OF 2024 FOR
SEVERAL OF ORKLA'S PORTFOLIO COMPANIES
    * WE HAVE SEEN A GRADUAL IMPROVEMENT IN VOLUME PERFORMANCE
DURING
THE YEAR AND MOST OF OUR PORTFOLIO COMPANIES DELIVERED ORGANIC
VOLUME GROWTH IN THE FOURTH QUARTER

Source text for Eikon:  ID:nWkr8GJCHB 
Further company coverage:  ORK.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))