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BRIEF-Orkla says acquisitions key to growth; reiterates targets
June 1, 2017 / 5:44 AM / 6 months ago

BRIEF-Orkla says acquisitions key to growth; reiterates targets

June 1 (Reuters) - Orkla Asa

* Acquisitions are still a key factor in group’s growth strategy

* Focuses primarily on acquisitions in markets and categories where group can gain a leading position and exploit economies of scale

* In line with company’s dividend policy, group will continue to pay a share of its excess capital back to shareholders

* Says targets remain firm:

* “Keep the strategy on track”

* “Deliver organic growth at least in line with market growth”

* “Target annual EBIT (adj.) growth of 6-9% in BCG”, Including add-ons, excluding currency effects and large acquisitions and divestments

* “Maintain a stable dividend of at least NOK 2.50 per share” Source text for Eikon: Further company coverage: (Reporting By Terje Solsvik)

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