Orkla stock expands buyback after 2.44 million shares bought

Published on 10/04/2026 at 20:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Orkla stock was last at NOK 91.70 on October 2, while the company bought 2,440,000 shares through September 29. Q2 adjusted EPS rose 3 percent to NOK 1.60.

Schwarzweiß-Reportagefoto einer Produktionshalle, thematisch verknüpft mit Orkla ASA Konsumgüterherstellung — Orkla ASA NO0003733800 dokumentiert eine schwarzweiße Reportage-Aufnahme einer Konsumgüter-Produktionshalle irgendwo in Skandinavien heute, Illustration mit AI erstellt.

Orkla stock (ISIN NO0003733800) was last at NOK 91.70 on Oslo Bors on October 2, 2026, up 0.94 percent from the prior close. The company bought 2,440,000 shares through September 29 under a program announced on September 21, according to TradingView.

Buyback reaches NOK 227.7 million

The transactions covered September 22 through September 29 and carried a weighted average price of NOK 93.3299. The total transaction value was NOK 227,724,917, while Orkla's holding of its own shares reached 26,067,931, equal to 2.65 percent of share capital, according to TradingView.

The program can run until December 31, 2027, giving capital allocation a longer time frame than the initial September transactions. For investors, the key comparison is between the NOK 93.3299 average purchase price and the October 2 market price of NOK 91.70.

Q2 earnings show mixed momentum

Orkla's second-quarter 2026 results delivered a 2.5 percent increase in underlying adjusted EBIT and a 3 percent rise in adjusted EPS to NOK 1.60. The figures came with flat organic top-line development and a 5 percent decline in reported revenue, according to Yahoo Finance.

The adjusted EBIT margin stood at 10.5 percent in Q2 2026, inside management's 10.5 percent to 11 percent target range. Jotun was the main earnings support, with underlying revenue growth of 11 percent and underlying profit growth of 21 percent, while input costs for energy, transportation and packaging remained a stated pressure point in the results discussion.

Analysts see value above NOK 111

Marketscreener lists a Hold consensus from eight analysts and an average price target of NOK 111.00. Against the October 2 price of NOK 91.70, that target is NOK 19.30 higher, while the market capitalization stood at NOK 89.7 billion on the same date.

The next scheduled milestones are third-quarter results on November 6, 2026, and Orkla's Capital Markets Day on December 1, 2026, according to Yahoo Finance. The dates put the buyback and the uneven Q2 operating picture in front of the next major company updates.

Orkla stock stays below its yearly high

Orkla stock was last at NOK 91.70 on Oslo Bors on October 2, 2026, with a 52-week range of NOK 90.00 to NOK 131.20 and volume of 1,545,545 shares. The October 2 price was NOK 39.50 below the 52-week high, keeping capital returns and the November results date central to the stock's near-term narrative.