ORK Orkla ASA

Orkla ASA: Foreløpig salgsoppdatering for første kvartal

Orkla ASA: Foreløpig salgsoppdatering for første kvartal

Som annonsert 27. mars, offentliggjør Orkla i dag foreløpige salgstall for første kvartal 2020. Fullstendig og endelig resultat, inkludert resultatoppstilling, balanse og kontantstrøm, offentliggjøres 5. mai.



Den foreløpige salgsoppdateringen for Q1-20 er vedlagt denne meldingen.



Orkla ASA



Oslo, 17. april 2020



Ref.:



Konserndirektør Kommunikasjon og Corporate Affairs 

Håkon Mageli

Mobil  



Direktør Investor Relations 

Thomas Ljungqvist

Mobil  618



Denne opplysningen er informasjonspliktig etter verdipapirhandelloven §5-12

Vedlegg

EN
17/04/2020

Underlying

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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
  • Petter Nystrøm

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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