ORK Orkla ASA

Orkla ASA: Key information relating to the cash dividend

Orkla ASA: Key information relating to the cash dividend

At a meeting on 11 March 2020, the Board of Directors decided to propose for the annual general meeting an ordinary dividend for 2019 of NOK 2.60 per share.

Dividend amount: 2.60 per share

Declared currency: NOK

Last day including right: 16 April 2020

Ex-date: 17 April 2020

Record date: 20 April 2020

Payment date: 27 April 2020

Date of approval: 16 April 2020



Orkla ASA

Oslo, 11 March 2020

Ref.:

Group Director Corporate Communications & Corporate Affairs

Håkon Mageli

Tel.: +47 928 45 828

Email:

VP Investor Relations

Elise Heidenreich

Tel.: +47 951 41 147

Email:



This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

EN
11/03/2020

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Reports on Orkla ASA

ABGSC Consumer Goods Research ... (+3)
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ABGSC Consumer Goods Research ... (+3)
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Core 2% below, Jotun better

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ABGSC Consumer Goods Research ... (+3)
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Ole Martin Westgaard
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Orkla (Hold, TP: NOK110.00) - Colouring outside expectations

We expect Orkla to report Q1 EBIT broadly in line with consensus, but with net profit above on continued strength at Jotun. We reiterate our HOLD and NOK110 target price as we continue to find valuation fair, with the stock trading slightly below its historical discount to SOTP.

Ole Martin Westgaard
  • Ole Martin Westgaard

Orkla (Hold, TP: NOK110.00) - Indian assets spice it up

The mixed Q4 report had results above expectations and some softness, as CPC was a bit below consensus on weak margins. We reiterate our HOLD, but have raised our target price to NOK110 (105), as a revaluation of the Indian assets offsets slight estimate cuts.

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