Orkla As A S/Adr (ORKLY) Q2 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.093 Good morning and welcome to the presentation of Orkla's second quarter results. 00:00:05.093 -- 00:00:10.394 My name is Annie Bersagel and I'm the head of investor relations and communications. 00:00:10.574 -- 00:00:15.256 Our president and CEO, Nils Selte, will be unable to join us today due to previously 00:00:15.256 -- 00:00:20.958 planned travel. So our CFO, Arve Regland, will be holding both the presentation 00:00:20.958 -- 00:00:23.105 and the Q&A. 00:00:23.105 -- 00:00:26.846 Now before I turn it over to Eideve, I just want to remind everyone that we're going 00:00:26.846 -- 00:00:31.928 to begin with the video Q&A with our analysts, and after that we will turn over 00:00:31.928 -- 00:00:36.950 to questions from the web. So if you have a question, please feel free to submit that 00:00:36.950 -- 00:00:40.651 at any time, and we will take those at the very end. 00:00:40.651 -- 00:00:44.432 So with that out of the way, I will hand the floor over to you, Eideve. 00:00:44.432 -- 00:00:48.277 Thank you, Annie, and good morning, everyone. 00:00:48.277 -- 00:00:53.580 So Orkla's consolidated portfolio companies had a flat organic top-line 00:00:53.580 -- 00:00:59.262 development quarter and a 2.5% EBIT growth. 00:00:59.363 -- 00:01:02.205 Overall, we are not satisfied with these results. 00:01:02.205 -- 00:01:07.328 However, Jotunn delivered another strong quarter, contributing to a 3% 00:01:07.328 -- 00:01:11.270 improvement in adjusted earnings per share. 00:01:11.270 -- 00:01:16.150 We continued to execute on our capital allocation priorities. 00:01:16.150 -- 00:01:21.272 and in July we completed the 4 billion share buyback program that was 00:01:21.272 -- 00:01:24.433 announced in last November. 00:01:24.433 -- 00:01:30.094 Duri...