Orkla ASA

Orkla is a consumer goods company in the Nordic and Baltic regions. The Branded Consumer Goods area comprises five business areas: Orkla Foods, Orkla Confectionery and Snacks, Orkla Home and Personal, Orkla International and Orkla Food Ingredients. Co.'s other businesses consist of Granges, a supplier of solutions for the heat exchanger industry; Hydro Power, which produces and supplies power to the Nordic power market; and Orkla Financial Investment, which consists of Orkla Eiendom; in addition to its investments in Sapa (JV), which is engaged in extruded aluminium solutions; and Jotun AS, which is a manufacturer of paint and powder coatings.
  • TickerORK
  • ISINNO0003733800
  • ExchangeOslo Bors
  • SectorFood Producers
  • CountryNorway

Analysts

Orkla Asa: 1 director bought

A director at Orkla Asa bought 12,500 shares at 86.010NOK and the significance rating of the trade was 56/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board me...

Ole Martin Westgaard

Orkla (Sell, TP: NOK72.00) - UK house cleaning

Orkla reported mixed Q3 results, with adj. EBIT and organic growth slightly above expectations, but net profit significantly below (hurt badly by write-downs). We reiterate our SELL and NOK72 target price as we still find the valuation rich and Orkla’s organic growth prospects questionable. That said, we find it positive that the new CEO has seemingly acknowledged the challenge.

Aksel Øverland Engebakken ...
  • Anders Idborg
  • André Thormann
  • Bengt Jonassen
  • Casper Blom
  • Daniel Thorsson
  • Erik Moberg
  • Fredrik Ivarsson
  • Jan Erik Gjerland
  • Karl Bokvist
  • Laurits Kjærgaard
  • Ludvig Kapanen
  • Mads Thinggaard
  • Magnus Andersson
  • Martin Melbye
  • Morten Raunholt Eismark
  • Olof Cederholm
  • Peter Kurt Nielsen
  • Petter Nystrøm
  • Tobias Kaj
  • Victor Forssell

Talking Points - Millicom (Sell): Not worth the risk

D/S Norden (Buy) Preview of results: Tankers on fire Estimates: EBITDA -2%; TP down to SEK 400 (600) Down to SELL; revisit shares post Kinnevik distribution

Aksel Øverland Engebakken ...
  • Petter Nystrøm

Orkla - Mr Stability

Clean EPS up 2%. ’19e reported EPS down 10% Heading for a strong Q4 on better LFL and margins BUY reiterated, TP to NOK 88 (84) on higher estimates

Aksel Øverland Engebakken ...
  • Petter Nystrøm

Orkla - Solid again: Underlying estm up 1-2%

EBIT Brands 2.2% better. Sub-category Foods 4% better One off: NOK 456m write down in Paint and Health (GW) Underlying estm up 1-2%. Reported ’19 down 7-8%

Ole Martin Westgaard

Orkla (Sell, TP: NOK72.00) - Tipping the scales

We are just below consensus on Q3e earnings and remain negative on Orkla ahead of the results (due at 07:00 CET on 24 October). We continue to find its organic growth prospects questionable, and reiterate our SELL recommendation. However, following peer group multiples expansion, we have raised our target price to NOK72 (65).

Orkla Asa: 1 director bought

A director at Orkla Asa bought 12,500 shares at 86.010NOK and the significance rating of the trade was 56/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board me...

Eivind Sars Veddeng ...
  • Frank Maaø
  • Håkon Astrup
  • Joachim Gunell
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Martin Arnell
  • Martin Hoang Nguyen
  • Martin Huseby Karlsen
  • Mattias Holmberg
  • Niclas Gehin
  • Nicolas McBeath
  • Niklas Wetterling
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Rune Majlund Dahl
  • Simen Mortensen
  • Stefan Gauffin
  • Tomi Railo

Northern Lights

Alexander Aukner ...
  • Joachim Gunell
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Patrik Ling

Northern Lights

Håkon Astrup ...
  • Martin Arnell
  • Niclas Gehin
  • Nicolas McBeath
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Simen Mortensen
  • Tomi Railo

Northern Lights

Jon Berggren ...
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Patrik Ling

Northern Lights

Frank Maaø ...
  • Håkon Astrup
  • Karl-Johan Bonnevier
  • Marius Knudssøn
  • Martin Arnell
  • Mats Bye
  • Mattias Holmberg
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Rune Majlund Dahl
  • Simen Mortensen
  • Viktor Trollsten

Northern Lights

Increased risk weighs on ORKLA ASA, penalising its rating down to Neutral

The independent financial analyst theScreener just lowered the general evaluation of ORKLA ASA (NO), active in the Food Products industry. As regards its fundamental valuation, the title still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as moderately risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Neutral. As of the analysis date April 2, 2019, the closing price was NOK 66.72 and its target price was estimated at NOK 60.34.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Orkla ASA - AGM 25 April 2019

In general, Orkla is in compliance with the Norwegian regulations relating to the organisation and procedures of the AGM. Under ITEM 3.2, the board of directors seeks approval of the Company's remuneration guidelines. The proposed remuneration structure is not in line with ECGS' guidelines. Accordingly, ECGS recommends to vote OPPOSE. Undet ITEM 3.3, the board of directors seeks approval of a revised LT incentive plan. Although ECGS welcomes the introduction of performance conditions under the plan, the conditions applicable remain undisclosed. ECGS therefore recommends to vote OPPOSE. Fi...

Expert Corporate Governance Service (ECGS)

Etude de l'AG du 20/04/2017

In general, Orkla is in compliance with the Norwegian regulations relating to theorganisation and procedures of the AGM.Under ITEMS 3.2, 3.3 and 5.2, the Board of Directors seeks approval for the Company's remuneration guidelines and a share-related incentive arrangement. Since we have various concerns with regard to the Company's executive remuneration package in general and the proposed share-related incentive arrangement in specific, we recommend opposition.Under ITEM 6.3, it is proposed to re-elect Ms. Ingrid Jonasson Blank as member of the Board of Directors. In light of our concerns over...

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