Norwegian industrial investment firm Orkla reported adjusted earnings per share of NOK 1.60 for the second quarter, beating analyst expectations of NOK 1.58.
Revenue declined 5.4% year-over-year to NOK 16.7 billion, primarily due to negative currency translation effects. Adjusted earnings before interest and taxes came under pressure from unfavorable foreign exchange movements, though the company noted resilience in underlying operations.
Orkla completed a share buyback program valued at NOK 4 billion, repurchasing shares since November 2025. The company highlighted Jotun, its coatings subsidiary, for delivering strong sales and profit growth when adjusted for currency headwinds.
Management pointed to recent acquisitions across its portfolio as a driver for future organic growth, while emphasizing efforts to strengthen volume growth and improve cost efficiency. Orkla also cited challenging market conditions, particularly those stemming from the conflict in the Middle East, as a factor affecting performance.
