Orkla As A S/Adr (ORKLY) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the presentation of Orkla's third quarter results. My name is Annie Bursagel, and I'm the head of Investor Relations and Communications. Our president and CEO, Neil Selta, will begin with a summary of the highlights from the quarter. After that, our CFO, Arvid Eglund, will go into a deeper dive in the financials. Niels will come back with some concluding remarks before we go over to the Q&A. So just a reminder, we have a video Q&A with analysts first. And after that, we will take all of the questions that come through via the web. So you're welcome to submit your questions via the web at any time. So with that, I think I will now leave the floor to you, Niels. Thank you, Annie, and good morning, everyone. This quarter, we continued to execute on our active ownership model and capital allocation strategy. The focus is on improving our core business in the portfolio companies and investing in opportunities that drive long-term value. To start with, I highlight this quarter. In Q3, Orkla delivered 4.4% organic growth across our portfolio companies. Of this, volume mix contributed positively with 1.3%. Underlying EBIT adjusted growth grew by 1.1%. This quarter, we see a mixed development across the portfolio companies. Adjusted earnings per share was NOK 1.85, a 9% increase year-on-year. And we IPO Orkla India. I said that the Capital Markets Day in November 2023 that we were initiating an IPO readiness study. Last week, we reached a major milestone with the IPO of Orkly India. It is the result of a year of steady work, and I'm proud of the persistence shown by our team in India and at headquarters to reach this point. Since we bought MTR Foods back in 2007, we have had an amazing journey starting with strong local brands and strong local man...