Orkla tops STOXX as margins recover quicker than expected

Orkla ASA

14/07/2023 08:31

** Shares in Orkla  ORK.OL  rise 4.85% after the Norwegian
industrial investment company posted better-than-expected Q2
results
    ** The company said that 11 of its 12 portfolio companies
reported profit improvement
    ** Pareto Securities analyst Joachim Aalberg Huse notes
adjusted EBIT came in some 10% ahead of consensus
    ** "Overall a solid report that points to a quicker margin
recovery than previously anticipated," he says
    ** The stock reach top of pan-European STOXX 600 index
 .STOXX 
    
    
    

 (Reporting by Izabela Niemiec)
 ((Izabela.niemiec@thomsonreuters.com))