"The financial results are in line with the company's estimates for 2008. We had double-digit annual growth, supported by a very good evolution in the last six months of 2008. For this year, we also foresee a good trend for the main categories in our portfolio," the company's CEO, Manuela Banu, told Business Standard.
OFR posted some €30 million in turnover in 2007. According to company officials, Orkla Fodds is local market leader on the ketchup and margarine segments. Its most renowned brands are Ardealul, Tomi, Bunica, Wiesana, and Linco.
The Norwegian company is operating in Romania since 2002, when it purchased local margarine and sauces producer Topway Food. It later took over pate producer Ardealul Covasna, several processing lines for fruits and vegetable and margarine producer Royal Brinkers România. Beside foodstuffs, Orkla Foods also operates in the consumer goods, special products, chemistry and financial investments segments.
