Orkla ASA to cease its operations in Russia

Oslo / NO. (ok) Norway’s Orkla ASA has decided to cease its operations related to Hamé Foods ZAO in Russia. The company has 367 employees in Russia and had a turnover of NOK 184 million in 2021. Its production consists of long shelf life food products for the Russian market. «After a thorough decision-making process, we have concluded that it is no longer desirable to continue to operate in Russia, and we are therefore ceasing our activities. We will strive to take care of the employees in the best possible way in a difficult time,» says Johan Wilhelmsson, CEO of Orkla Foods International. Orkla has also stopped exports and imports related to Russia and Belarus. In 2021, Orkla had exports to Russia and Belarus totalling NOK 105 million (EUR 10.69 mio.). Imports from these two countries amounted to NOK 23 million (EUR 2.34).

Orkla ASA is a leading supplier of branded consumer goods and concept solutions to the consumer, out of home and bakery markets in the Nordics, Baltics and selected markets in Central Europe and India. Orkla is listed on the Oslo Stock Exchange and its headquarters is in Oslo. In 2021, the Group had a turnover of NOK 50.4 billion (EUR 5.13 billion), and it has around 21,500 employees.