Orkla ASA: Initiation of Coverage- Will Smart Acquisitions Help Enable Growth in Food Ingredients?

Orkla ASA’s latest financial results demonstrate a generally positive performance in the first quarter, characterized by a diversified portfolio that has effectively absorbed some of the sector-specific challenges it faces. The group’s organic growth stood at 1.2%, driven mainly by price increases in its consolidated portfolio companies. However, there was a 1.1% decline in volume mix, reflecting some demand challenges, particularly in sectors such as Orkla Foods and Orkla Snacks.