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Orkla's (ORKLY) CEO Peter Ruzicka on Q4 2014 Results - Earnings Call Transcript

Orkla ASA ADR (ORKLY)

Q4 2014 Earnings Conference Call

February 05, 2015 02:00 AM ET

Executives

Peter Ruzicka - President and CEO

Jens Bjorn Staff - CFO

Analysts

Preben Rasch - Olsen Carnegie

Kolbjorn Giskeodegard - Nordea

Presentation

Peter Ruzicka

Good morning everyone and welcome to Orkla’s Fourth Quarter Results Presentation. Overall, I am satisfied with the financial performance in Q4. Group EBITA improved by 6% to over 1 billion compared to Q4 2013. The improvement was mainly driven by positive development in the branded consumer goods area. The improvement in branded consumer goods was broad based and I am pleased to report positive organic growth all business areas.

The BCG margin improvement was driven by both top line development and cost savings achieved through recently implemented restructuring projects. In addition to improving operation Orkla continue to deliver on our strategy. We have now acquisition of Cederroth in Sweden in… Read More …