Norway's Orkla Q3 profit tops estimates on buybacks, volume growth

Orkla ASA

06/11/2026 06:08

Overview
Norway consumer brands investor's Q3 adjusted EPS rose 4.9%, beating analyst expectations
Q3 organic revenue grew 3.1%, driven by broad-based portfolio volume/mix growth
Company launched NOK 4 bln share buyback and completed European Candy Group acquisition

Outlook
Orkla to present new targets and ambitions for 2030 at Capital Markets Day on Dec 1

Result Drivers
VOLUME/MIX GROWTH - Portfolio companies delivered 2.7% volume/mix growth, with most contributing to organic revenue increase
CURRENCY IMPACT - Stronger Norwegian krone reduced reported EBIT (adj.) growth compared to underlying performance
SHARE REPURCHASES - Adjusted EPS growth was driven by EBIT (adj.) growth and share repurchases

Company press release: ID:nMFN1bqWbk

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted EPS
Beat
NOK 1.94
NOK 1.65 (5 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 7 "hold" and 1 "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 NOK105.00, about 3% above its November 5 closing price of NOK101.90
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 16 three months ago

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(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.)