ORK Orkla ASA

Orkla ASA: Orkla’s Chair of the Board of Directors elected

Orkla ASA: Orkla’s Chair of the Board of Directors elected

Orkla’s Board of Directors has today elected Stein Erik Hagen as Chair of the Board of Directors, as proposed by the nomination committee.



Orkla ASA

Oslo, 16 April 2020



Ref.:



Group Director Corporate Communications and Corporate Affairs

Håkon Mageli

Tel.: +47 928 45 828

Email:



VP Investor Relations

Elise Heidenreich

Tel.  147

Email:

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

EN
16/04/2020

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Reports on Orkla ASA

ABGSC Consumer Goods Research ... (+3)
  • ABGSC Consumer Goods Research
  • Henrik Bartnes
  • Petter Nystrøm
ABGSC Consumer Goods Research ... (+3)
  • ABGSC Consumer Goods Research
  • Henrik Bartnes
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Core 2% below, Jotun better

Core EBIT 2% below adj for on-offs, better on lower sales / margin

ABGSC Consumer Goods Research ... (+3)
  • ABGSC Consumer Goods Research
  • Ali Shemmari
  • Petter Nystrøm
Ole Martin Westgaard
  • Ole Martin Westgaard

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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