Q4 beat, dividend boost Orkla shares
13/02/2025 09:07
** Shares in Orkla ORK.OL rise nearly 5% after the Norwegian
food processing company posted Q4 sales and earnings above
expectations
** The group's quarterly revenue came in at NOK 18.8 billion
versus NOK 18.3 billion seen by analysts polled by LSEG, and
adjusted EBIT of NOK 2 billion beat LSEG estimate by around 7%
** Pareto analyst notes that dividend of NOK 10 per share
was "solid" and well above estimates
** "Portfolio companies deliver somewhat weaker overall
growth but decent organic growth," the broker adds
** Shares are on track for best day since July 2024
(Reporting by Anna Chaberska)
((Anna.chaberska@thomsonreuters.com;))