Orkla ASA — Earnings Release 2026

May 20, 2026

Orkla reports organic growth in the first quarter

Orkla reports organic growth in the first quarter

In the first quarter, Orkla increased its operating revenues by 1.3% to 17.4

billion. The consolidated portfolio companies delivered 4.9% organic growth in

the quarter, including 3.2% from volume/mix.

Orkla's consolidated portfolio companies (including Orkla ASA and Business

Service companies) achieved underlying EBIT (adj.) growth of 3.0%

year-over-year. EBIT (adj.) for the Orkla group amounted to 1.7 billion in the

first quarter, a decline of 1.3% compared to the same period last year.

Profit from Jotun decreased by 5.8% year-over-year, to 617 million. Sales

growth was 9.4% and operating profit growth of 16% when adjusted for negative

currency translation effects.

Earnings per share (adj.) for the quarter was NOK 1.75, up 4.2% compared to

the same period last year.

"Our results show continued progress across the portfolio, with volume and

earnings growth in most portfolio companies, led by Orkla Snacks and Jotun. At

the same time, the geopolitical situation introduces increased uncertainty

going forward, especially related to input factor costs. The portfolio

companies are implementing mitigating actions, while continuing to prioritise

long-term value creation," says Orkla President and CEO Nils K. Selte.

About Orkla

Orkla ASA is a leading industrial investment company within brands and

consumeroriented businesses, with 10 portfolio companies. The company takes a

long-term and strategic approach to its investments, creating value by

combining brand expertise with an investment company mindset.

Orkla is listed on the Oslo Stock Exchange and is headquartered in Oslo,

Norway. Orkla had a turnover of 71.5 billion in 2025.

Orkla ASA

Oslo, 20 May 2026

Ref.:

SVP Investor Relations & Communication

Annie Bersagel

Mobile: +47 986 03 664

Email: annie.bersagel@orkla.no

VP Financial Communication

Joachim Gresslien

Mobile: +47 907 25 018

Email: joachim.gresslien@orkla.no

An Excel spreadsheet with key figures may be found at

https://www.orkla.com/investors/

This information is considered to be inside information pursuant to the EU

Market Abuse Regulation and is subject to the disclosure requirements pursuant

to Section 5-12 the Norwegian Securities Trading Act. This stock exchange

announcement was published by Ole Andreas Steensland Dahl, Investor Relations

Manager at Orkla ASA, on 20 May 2026 at 07:00 CEST.