On 1 March 2023 Orkla was transformed into an industrial investment company with brands and consumer-oriented companies as its scope of operations. On 14 July 2023, Orkla’s reporting on its results for the second quarter of 2023 will be based on the new company structure. In this connection, Orkla is publishing historical financial information on its portfolio companies below.
The financial information made available has been prepared by Orkla ASA solely for information purposes in connection with the implementation of a new group structure, as well as the new reporting format going forward. The purpose is to provide more historical financial background for each of the portfolio companies, which in certain areas is more detailed than the financial information that will be reported in the future.
The financial information is derived from the unaudited financial statements of certain Orkla subsidiaries and from unaudited financial information relating to historical business segments in the Orkla group. Please refer to the full disclaimer at the bottom of this page.
The European Pizza Company (updated on 14 July 2023)
Orkla House Care (updated on 14 July 2023)
Disclaimer
The financial information made available here has been prepared by Orkla ASA ("Orkla" or the “Company”) solely for information purposes in connection with the implementation of a new group structure as well as reporting format going forward. The financial information is provided to facilitate a better understanding of the new business segments and is in certain areas more detailed than the financial information which will be reported going forward.
The financial information is derived from unaudited accounts of certain subsidiaries of Orkla and from unaudited financial information for historical business segments of the Orkla group. Furthermore, the financial information reflects the performance of business segments which did not exist as reporting segments during the periods presented and which may comprise several legal entities. The financial information has not been subject to the procedures inherent in the preparation of audited financial statements and has not undergone review or verification by any third-party accounting firm or regulatory authority.
The preparation of the financial information has involved judgments, estimates and assumptions, including with respect to allocation of historical costs. Such judgments, estimates and assumptions are subject to inherent uncertainties. The financial information made available here should not be considered as indicative of future performance.
Information containing various forward-looking statements and estimates reflect management’s current views with respect to future events and financial and operational performance. The words “believe,” “expect,” “anticipate,” “intend,” “may,” “plan,” “estimate,” “should,” “could,” “aim,” “target,” “might,” or, in each case, their negative, or similar expressions identify certain of these forward-looking statements. Others can be identified from the context in which the statements are made. Although we believe that the expectations reflected in such forward-looking statements are reasonable, these forward-looking statements are based on a number of assumptions and forecasts that, by their nature, involve risk and uncertainty. Various factors could cause our actual results to differ materially from those projected in a forward-looking statement or affect the extent to which a particular projection is realized. Factors that could cause these differences include but are not limited to the Company’s ability to operate profitably, maintain its competitive position, to promote and improve its reputation and the awareness of the brands in its portfolio, to successfully operate its growth strategy and the impact of changes in pricing policies, political and regulatory developments in the markets in which the Company operates, and other risks.
The information and opinions contained here are provided as at 15 June 2023 and are subject to change without notice. No representation or warranty (expressed or implied) is made as to, and no reliance should be placed on, the fairness, accuracy or completeness of the information contained therein. Accordingly, neither the Company nor its subsidiary undertakings or any of such person’s officers or employees accepts any liability whatsoever arising directly or indirectly from the use of this information.