Orkla As A S/Adr (ORKLY) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the presentation of Orkla's first quarter results. My name is Annie Borsago, and I'm the head of investor relations and communications. So we're going to begin with a presentation from our president and CEO, Niels Koselta, where he will give a summary of the latest developments for the quarter. After that, EVP and CFO, Ida Witt-Eggland, will present some more detail on the financials, as well as on the individual portfolio companies. After that, Niels will conclude with a few closing remarks before we move over to our Q&A. So just to remind you, the procedures for Q&A, we have a web Q&A form that you can send questions through at any time. But first, we're going to do a Q&A, a video Q&A with our analyst community. And after that, we'll move over to questions from the web. So with that, I'd like to turn it over to you, Niels. Thank you, Annie, and good morning, everyone. I would like to start this presentation on a personal note. Orkast chairman Steiner Kagen passed away suddenly on May 4th. Steinerik left his mark on Orkast through over 25 years as an active owner. He brought an entrepreneurial drive into the boardroom and was instrumental in in supporting Orkla in taking calculated risks with an investor mindset. He was also a strong supporter of Orkla's recent transformation into an industrial investment company. He will be deeply missed. In this period, I now turn over to a review of the quarter, mindful of the values and vision that Sten Erik instilled in the company. Organic growth was 4.9% in the quarter, with contribution from all portfolio companies. Growth was particularly high in Orkla food ingredients, Orkla snacks and Orkla food. Undying EBIT adjusted growth was 3%, with volume mix growth partly offset by higher costs. Earning...