Nortura posts strong Q2 performance with increased profit, best underlying result

Nortura SA announced a robust performance for the second quarter of 2025, with revenue climbing by NOK 698 million to NOK 10,715 million. The company's EBITDA surged by NOK 161 million to NOK 462 million, and pre-tax profit reached NOK 192 million, marking its strongest underlying result since its inception. This growth is attributed to the successful implementation of a new corporate strategy, focused efficiency improvements, cost discipline, and value chain optimization. Personnel costs decreased despite general wage increases, reflecting effective digitalization and structural adjustments.

The improved market balance for pork and beef contributed to fewer surplus challenges and a reduction in debt. Although egg sales were impacted by raw material shortages, Prior managed to strengthen its market share, with egg supply expected to improve in the autumn. The company experienced significant growth in the restaurant and institutional catering market, with volume increasing by 5.5%, while daily grocery sales saw a 3% decline.

Nortura's subsidiaries collectively reported a turnover of NOK 3,848 million, an increase of NOK 432 million, with Noridane being the primary contributor to this growth. The financial position was further strengthened by a 0.7 percentage point increase in the equity ratio to 29% and a reduction in net interest-bearing debt, with the adjusted debt servicing capacity standing at 1.80, well within banking covenants.