Orkla As A S/Adr (ORKLY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the presentation of Orkla's fourth quarter results. My name is Annie Versagel, and I'm the head of Investor Relations and Communications. So we're going to begin our presentation with a summary of the quarter from our president and CEO, Niels Stelter. After that, our CFO, Arvid Eglund, will present some more details on the financials for the quarter. Niels will come back with some concluding remarks before we go over to the Q&A. Just to remind you on the Q&A, we're going to first have a video Q&A with our analyst community, and after that we will turn to questions from the web. So you're welcome during the presentation at any time to submit your questions via the web, and we'll take those afterwards. So with that, I will now leave the floor to you, Nils. Thank you, Annie, and good morning, everyone. I will begin with the Q4 results before reflecting on the full year in my closing remarks. Organic growth for the quarter was 4.5%, with contribution from both price and volume mix. Unlying EBIT adjusted for the consolidated portfolio increased by about 17%, with all portfolio companies contributing on the positive side. Adjusted earnings per share improved 25% year-over-year, reflecting increased profitability in the consolidated portfolio as well as in YouTube. Organic growth in the fourth quarter of 2025 was the strongest since the fourth quarter of 2023, with an increased contribution from Volumix. Most portfolio companies delivered volume mixed growth during the quarter. This included all of the larger portfolio companies, with the exception of Orkla Foods. They still have work to do in certain markets. This was the 12th consecutive quarter with underlying EBIT adjusted growth. The uplift in Q4 came from bottom-line growth, cost reduction...