Orkla: Third Quarter 2002


OSLO, Norway, Nov. 7, 2002 (PRIMEZONE) -- Orkla (Other OTC:ORKLY):

Key figures Q302 (NOKm, Q301 in parentheses):


Revenues 10,545 (11,283)
EBITA excl. other revenues and expenses 1,071 (1,044)
Portfolio gains 26 (335)
Profit before tax 779 (370)

Enclosed to www.orkla.com please find quarterly report, spreadsheets and presentation.Highlights

  - Satisfactory operational performance in challenging environments
  - Strong performance for Brands
  - Improvements for Beverages partly offset by currency effects and
    weak performance in some markets
  - Media weak as expected, but improvement from last year
  - The return on the investment portfolio was 14.2 % year to date
    compared with OSE 33.8 %

To view this release in its entirety, please click the link: http://reports.huginonline.com/880587/110064.pdf


            

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