Norway's Orkla Q2 adjusted EPS rises 2.6%, beats estimates
Norway's Orkla Q2 adjusted EPS rises 2.6%, beats estimates
Overview
Norway industrial investment firm's Q2 operating revenue fell 5.4% on negative currency effects
Adjusted EPS for Q2 rose 2.6% yr/yr, beating analyst expectations
Company completed share buyback programme, repurchasing shares for 4 bln since November 2025
Outlook
Orkla says recent acquisitions are expected to support future organic growth in portfolio companies
Company highlights continued focus on strengthening volume growth and cost efficiency
Orkla notes challenging market conditions, particularly due to the conflict in the Middle East
Result Drivers
CURRENCY TRANSLATION - Negative currency effects weighed on reported revenue and EBIT (adj.), according to the company
JOTUN PERFORMANCE - Jotun delivered strong sales and profit growth when adjusting for negative currency effects
ACQUISITIONS - Recent acquisitions in portfolio companies expected to support future organic growth
Company press release: ID:nMFN305YD3
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Adjusted EPS | Beat | NOK 1.60 | NOK 1.58 (5 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 6 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the food processing peer group is "buy."
Wall Street's median 12-month price target for Orkla ASA is NOK117.00, about 13.4% above its August 19 closing price of NOK103.20
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 17 three months ago
Reuters Recommended Reads
Aug 19 - Sweden's Latour Q2 sales rise on strong industrial demand
Aug 19 - Sweden's Idun Industrier Q2 sales rise on acquisitions
Aug 19 - Denmark's Rockwool Q2 revenue rises on volume growth; lifts 2026 outlook
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)