Orkla ASA (ORKLY) CEO Terje Andersen on Q2 2019 Results - Earnings Call Transcript [Seeking Alpha]
ORKLA AS A S/ADR (ORKLY)
NASDAQ:AMEX Investor Relations:
orkla.com/investor-relations
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Source: Seeking Alpha
Orkla ASA (ORKLY) CEO Terje Andersen on Q2 2019 Results - Earnings Call Transcript Orkla ASA ( OTCPK:ORKLY Company Participants Terje Andersen - CEO Jens Staff - CFO Good morning, everyone, and welcome to today's presentation of Orkla's second quarter results. My name is Terje Andersen, and I'm acting CEO of Orkla. This will be the first, but also my last time -- and also the last time I present or disclose financial results as CEO. As you all know, the Board of Orkla has appointed a new President and CEO, and Jaan Ivar Semlitsch will take up his position in a month's time. But first in this presentation, I will go through some highlights. And then as usual, our CFO, Jens Staff, will go through the financials in more details. The progress we saw in Q1 continued in the second quarter. Our Branded Consumer Goods business delivered both organic sales and profit growth, and underlying 12 months rolling EBIT margin improved by 0.3 percentage points. The overall progress was, however, set b
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