Improved markets and profit growth for Orkla

Orkla's fourth quarter results 2010

Orkla’s operating profit (EBITA) increased by 14% from NOK 1,161 million in the fourth quarter of 2009 to NOK 1,322 million in the same period of 2010. Full-year operating profit (EBITA) increased by 30% from NOK 3,029 million to NOK 3,944 million. 2010 was a good year for the Share Portfolio, which achieved a return of 31.8 %.

Sapa reported significant improvement in volumes and profit in 2010.  However, further volume increases are required to bring the market back to more normalised levels. Particularly volumes in the North American and South European markets remain low. Renewed emphasis has been put on improvement programmes with a view to improving the company’s cost position, particularly in the profiles business. Sapa Heat Transfer has seen an increase in new orders. The start-up of the new factory in Shanghai is proceeding as planned, and Sapa is continuing its expansion in Asia.

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