Orkla ASA

ORK · OL · Consumer Defensive / Packaged Foods

105.80NOK+1.20 (+1.15%)

Price History

Full chart

Market Stats

Previous Close104.60

Open104.70

Day Range104.70 – 105.90

52-Week Range90.00 – 126.80

Volume1.13M

Market Cap96.70B

P/E (TTM)15.51

Forward P/E15.06

EPS6.57

Dividend Yield4.00%

Beta0.20

50-Day Avg93.94

200-Day Avg107.32

About

Orkla ASA operates as an industrial investment company within brands and consumer-oriented businesses worldwide. It offers decorative paints, marine coatings, protective coatings, and powder coatings; frozen pizza, condiments, bread toppings, and ready-to-eat meals; bakery, ice cream, and plant-based products; and confectionery, biscuits, and salty snacks. The company also provides branded consumer health products, such as daily nutrition and oral health, wound care, and functional personal care under the Möller's, Jordan, and Salvequick brand names; spices and spice blends, ready-to-eat sweets, breakfast mixes, and other; and cleaning and personal hygiene products, such as detergents, cleaning equipment, and personal care products. In addition, it operates a franchised pizza business; offers paintbrushes, rollers, and other painting project consumables comprising sanding equipment, tape, protective gear, and cleaning products; and health and sports nutrition products. The company was founded in 1654 and is headquartered in Oslo, Norway.

Company Details

SectorConsumer Defensive
IndustryPackaged Foods
CEOMr. Nils Kloumann Selte
Employees17.54K
HeadquartersPb. 423 Skøyen, Oslo, Norway, 0213, Norway
Websitehttps://www.orkla.com

Leadership

Mr. Nils Kloumann SeltePresident & CEO · b. 1965
Mr. Arve ReglandEVP & CFO · b. 1972
Ms. Camilla Tellefsdal RobstadExecutive Vice President of Legal & Compliance · b. 1974
Ms. Hege Holter BrekkeExecutive VP of Investments · b. 1969
Ms. Maria Syse-NybraatenExecutive VP of Investments · b. 1986
Mr. Audun StensvoldExecutive Vice President of Investments · b. 1972
Mr. Oyvind TorppExecutive Vice President of Investments · b. 1975
Mr. Frode KronstadSenior Vice President of Corporate Accounting
Ms. Annie Golden BersagelSenior Vice President of Investor Relations
Mr. Christer GronbergHead of Corporate Functions · b. 1961

Financials

Income Statement

Currency: NOK	1996-12-31	1997-12-31	1998-12-31	1999-12-31	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: NOK	1996-12-31	1997-12-31	1998-12-31	1999-12-31	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	-	30.34B	30.27B	30.83B	33.55B	44.31B	27.97B	29.60B	31.49B	46.00B	51.53B	60.08B	63.94B	48.85B	29.69B	30.06B	24.59B	28.02B	29.60B	33.20B	37.76B	39.56B	40.84B	43.62B	47.14B	50.44B	58.39B	67.80B	70.66B	71.55B
Growth (%)	-	-	-0.23%	+1.86%	+8.82%	+32.06%	-36.87%	+5.83%	+6.37%	+46.08%	+12.03%	+16.58%	+6.42%	-23.60%	-39.22%	+1.24%	-18.18%	+13.91%	+5.65%	+12.16%	+13.74%	+4.78%	+3.23%	+6.80%	+8.08%	+7.01%	+15.76%	+16.11%	+4.22%	+1.26%
Cost of Revenue	11.50B	12.62B	12.13B	12.38B	13.85B	14.79B	10.82B	11.45B	12.33B	23.84B	26.15B	30.81B	32.20B	23.85B	14.46B	15.29B	11.94B	13.80B	14.41B	16.34B	18.71B	19.72B	20.35B	21.70B	23.43B	25.17B	28.87B	34.80B	35.17B	36.45B
Gross Profit	-11.50B	17.72B	18.14B	18.46B	19.70B	29.52B	17.15B	18.16B	19.16B	22.16B	25.39B	29.27B	31.73B	25.00B	15.23B	14.77B	12.65B	14.21B	15.19B	16.85B	19.05B	19.84B	20.49B	21.92B	23.71B	25.27B	29.52B	33.00B	35.49B	35.10B
Gross Margin	-	58.41%	59.93%	59.86%	58.72%	66.62%	61.30%	61.34%	60.85%	48.17%	49.26%	48.72%	49.63%	51.18%	51.31%	49.14%	51.45%	50.73%	51.33%	50.77%	50.44%	50.16%	50.17%	50.26%	50.29%	50.10%	50.56%	48.67%	50.23%	49.06%
Operating Expense	-13.42B	15.11B	16.34B	16.28B	17.09B	26.26B	15.37B	16.92B	17.12B	18.10B	20.91B	25.48B	29.38B	19.31B	11.68B	12.24B	9.80B	11.77B	12.08B	13.75B	15.13B	15.41B	16.19B	17.39B	19.14B	19.54B	22.63B	26.77B	28.14B	28.01B
Operating Income	1.92B	2.61B	1.80B	2.18B	2.61B	3.26B	1.78B	1.24B	2.04B	4.06B	4.48B	3.79B	2.36B	5.69B	3.56B	2.54B	2.86B	2.44B	3.11B	3.11B	3.92B	4.43B	4.29B	4.53B	4.56B	5.73B	6.90B	6.23B	7.35B	7.09B
Operating Margin	-	8.61%	5.94%	7.06%	7.77%	7.36%	6.35%	4.19%	6.48%	8.82%	8.69%	6.31%	3.69%	11.64%	11.97%	8.43%	11.62%	8.72%	10.52%	9.36%	10.37%	11.21%	10.52%	10.38%	9.68%	11.36%	11.81%	9.20%	10.40%	9.90%
EBITDA	-22.77B	4.47B	3.71B	4.24B	4.70B	5.87B	3.51B	3.59B	3.40B	10.17B	11.79B	13.47B	2.35B	5.51B	8.93B	7.17B	5.50B	4.82B	4.17B	5.53B	5.76B	6.20B	5.80B	7.39B	8.00B	8.68B	10.18B	11.06B	12.86B	12.60B
EBITDA Margin	-	14.75%	12.25%	13.74%	14.02%	13.24%	12.54%	12.12%	10.80%	22.10%	22.87%	22.42%	3.68%	11.28%	30.06%	23.87%	22.38%	17.20%	14.10%	16.65%	15.27%	15.67%	14.20%	16.94%	16.98%	17.20%	17.43%	16.31%	18.21%	17.61%
Net Income	1.75B	2.67B	1.50B	1.79B	3.78B	2.48B	1.64B	1.94B	15.63B	6.01B	11.29B	8.45B	-2.96B	2.56B	-917.00M	-756.00M	1.63B	690.00M	1.66B	3.29B	4.29B	8.58B	3.27B	3.84B	4.37B	4.81B	5.02B	5.20B	6.06B	11.47B
Net Income Margin	-	8.81%	4.96%	5.81%	11.28%	5.60%	5.86%	6.54%	49.62%	13.07%	21.90%	14.06%	-4.64%	5.24%	-3.09%	-2.51%	6.64%	2.46%	5.60%	9.93%	11.37%	21.69%	8.01%	8.80%	9.27%	9.53%	8.60%	7.66%	8.57%	16.04%
R&D	-	-	-	-	211.00M	217.00M	228.00M	229.00M	213.00M	-	465.00M	468.00M	467.00M	456.00M	373.00M	329.00M	91.00M	131.00M	256.00M	252.00M	280.00M	286.00M	-	-	-	-	-	-	-	-
R&D as % of Total Revenue	-	-	-	-	0.63%	0.49%	0.82%	0.77%	0.68%	-	0.90%	0.78%	0.73%	0.93%	1.26%	1.09%	0.37%	0.47%	0.86%	0.76%	0.74%	0.72%	-	-	-	-	-	-	-	-
Interest Expense	0	692.00M	999.00M	892.00M	960.00M	1.30B	751.00M	609.00M	419.00M	660.00M	779.00M	969.00M	1.19B	1.04B	428.00M	578.00M	567.00M	454.00M	386.00M	315.00M	310.00M	281.00M	182.00M	208.00M	205.00M	229.00M	445.00M	1.13B	1.15B	844.00M
Interest Expense % of Total Revenue	-	2.28%	3.30%	2.89%	2.86%	2.94%	2.68%	2.06%	1.33%	1.43%	1.51%	1.61%	1.86%	2.13%	1.44%	1.92%	2.31%	1.62%	1.30%	0.95%	0.82%	0.71%	0.45%	0.48%	0.43%	0.45%	0.76%	1.66%	1.63%	1.18%

Balance Sheet

Currency: NOK	1996-12-31	1997-12-31	1998-12-31	1999-12-31	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: NOK	1996-12-31	1997-12-31	1998-12-31	1999-12-31	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	26.50B	36.76B	38.63B	41.62B	48.65B	54.65B	41.29B	41.42B	42.95B	74.61B	79.61B	94.79B	104.93B	94.69B	87.54B	66.19B	57.49B	52.12B	50.11B	54.24B	55.60B	53.41B	53.79B	57.41B	63.01B	70.56B	80.67B	86.59B	89.97B	88.70B
Total Liabilities	16.82B	24.64B	25.39B	27.40B	31.35B	35.69B	23.26B	27.60B	13.77B	36.69B	31.50B	39.53B	54.86B	45.76B	40.61B	32.48B	27.05B	21.34B	18.81B	20.49B	21.73B	18.57B	19.84B	22.50B	25.30B	31.21B	37.52B	39.84B	38.59B	36.55B
Total Equity	9.31B	11.16B	12.14B	12.91B	16.45B	17.97B	17.57B	13.33B	28.73B	37.18B	47.77B	52.66B	47.38B	48.55B	46.57B	33.44B	30.18B	30.48B	31.06B	33.33B	33.47B	34.41B	33.52B	34.45B	37.24B	38.44B	41.69B	45.27B	48.04B	48.66B
Cash	1.06B	1.22B	1.13B	1.27B	1.61B	2.12B	1.40B	1.28B	2.31B	2.41B	1.79B	2.97B	4.44B	4.15B	2.82B	5.45B	7.09B	1.80B	2.62B	721.00M	1.20B	4.83B	1.98B	1.49B	3.03B	917.00M	1.50B	991.00M	1.64B	2.04B
Total Debt	10.07B	15.68B	16.45B	17.83B	19.75B	22.71B	15.94B	14.30B	5.57B	37.50B	14.40B	19.28B	33.25B	30.79B	23.20B	16.96B	12.70B	10.88B	9.71B	9.60B	10.06B	5.49B	6.92B	8.59B	10.02B	14.33B	19.13B	20.79B	18.54B	-
Net Debt	9.01B	14.46B	15.33B	16.56B	18.13B	20.59B	14.53B	13.02B	3.26B	35.09B	12.61B	16.32B	28.81B	26.64B	20.38B	11.51B	5.61B	9.07B	7.09B	8.88B	8.86B	657.00M	4.94B	7.08B	6.97B	13.40B	17.63B	19.80B	16.89B	12.41B

Cash Flow

Currency: NOK	1996-12-31	1997-12-31	1998-12-31	1999-12-31	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: NOK	1996-12-31	1997-12-31	1998-12-31	1999-12-31	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	2.62B	2.76B	1.90B	2.50B	2.81B	3.89B	1.20B	1.80B	3.66B	4.74B	4.29B	5.01B	3.87B	5.63B	3.80B	2.94B	4.00B	2.95B	3.02B	3.84B	4.12B	6.07B	4.39B	6.12B	6.60B	6.35B	5.23B	7.25B	9.65B	9.27B
Investing Cash Flow	312.00M	168.00M	321.00M	584.00M	-77.00M	955.00M	-3.37B	926.00M	14.97B	-15.33B	1.78B	-8.46B	-8.43B	3.58B	-1.34B	13.74B	3.79B	-2.30B	1.91B	-1.55B	-2.05B	10.07B	-3.26B	-5.09B	-2.92B	-8.36B	-5.56B	-3.56B	596.00M	3.19B
Financing Cash Flow	-1.36B	-	877.00M	-	-	-	21.40B	15.23B	-5.46B	-1.57B	-872.00M	-1.42B	-5.05B	-2.63B	-3.79B	-14.03B	-5.86B	-6.48B	-4.16B	-4.21B	-1.58B	-12.52B	-3.98B	-1.34B	-2.29B	-31.00M	659.00M	-4.33B	-9.65B	-11.97B
Capital Expenditure	0	0	0	0	0	726.00M	740.00M	450.00M	27.00M	3.09B	3.21B	5.34B	7.15B	528.00M	667.00M	2.70B	1.29B	1.23B	1.01B	1.41B	1.65B	1.73B	2.33B	2.52B	2.61B	2.69B	2.82B	2.92B	2.03B	2.55B
Free Cash Flow	2.62B	2.76B	1.90B	2.50B	2.81B	3.89B	1.20B	1.80B	3.43B	3.95B	4.91B	6.14B	1.57B	5.79B	4.46B	237.00M	2.47B	1.73B	2.01B	2.43B	2.47B	4.34B	2.06B	3.60B	3.99B	3.67B	2.41B	4.33B	7.62B	6.72B
Dividends Paid	-	-	-	-	-	739.00M	781.00M	807.00M	6.01B	2.08B	1.70B	2.11B	2.35B	2.35B	2.36B	7.44B	2.78B	2.53B	2.54B	2.54B	2.54B	7.74B	2.64B	2.60B	2.60B	2.74B	2.99B	2.99B	5.99B	10.15B
FCF to OCF	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	93.69%	83.32%	114.32%	122.59%	40.50%	103.00%	117.57%	8.07%	61.91%	58.53%	66.58%	63.32%	59.96%	71.50%	46.86%	58.80%	60.49%	57.71%	46.02%	59.70%	78.92%	72.48%
Dividend Paid to FCF	-	-	-	-	-	19.00%	64.87%	44.91%	175.36%	52.66%	34.70%	34.41%	149.74%	40.62%	52.88%	3137.55%	112.29%	146.21%	126.24%	104.52%	103.08%	178.38%	128.55%	72.21%	65.10%	74.71%	124.10%	69.06%	78.58%	151.09%

Earnings

Report Date	Mar 31, 2002	Jun 30, 2002	Nov 7, 2002	Feb 20, 2003	Nov 7, 2003	Aug 12, 2004	Nov 4, 2004	Feb 9, 2005	Apr 28, 2005	Aug 10, 2005	Oct 28, 2005	May 5, 2006	Aug 10, 2006	Oct 31, 2006	Feb 14, 2007	May 3, 2007	Aug 9, 2007	Oct 31, 2007	Feb 14, 2008	May 6, 2008	Aug 13, 2008	Oct 30, 2008	May 6, 2009	Aug 12, 2009	Oct 30, 2009	Feb 11, 2010	May 5, 2010	Jul 21, 2010	Oct 28, 2010	Feb 10, 2011	May 5, 2011	Jul 20, 2011	Oct 27, 2011	Feb 9, 2012	Apr 30, 2012	Jul 20, 2012	Oct 31, 2012	Feb 7, 2013	May 2, 2013	Jul 18, 2013	Oct 30, 2013	Feb 6, 2014	May 8, 2014	Jul 17, 2014	Oct 30, 2014	Feb 5, 2015	May 7, 2015	Jul 17, 2015	Oct 30, 2015	Feb 11, 2016	May 3, 2016	Jul 15, 2016	Nov 1, 2016	Feb 9, 2017	May 9, 2017	Jul 14, 2017	Oct 25, 2017	Feb 8, 2018	Apr 25, 2018	Jul 13, 2018	Oct 25, 2018	Feb 6, 2019	May 7, 2019	Jul 12, 2019	Oct 24, 2019	Feb 6, 2020	May 5, 2020	Jul 13, 2020	Oct 29, 2020	Feb 11, 2021	Apr 29, 2021	Jul 15, 2021	Oct 29, 2021	Feb 10, 2022	May 7, 2022	Jul 14, 2022	Oct 27, 2022	Feb 13, 2023	May 7, 2023	Jul 14, 2023	Oct 25, 2023	Feb 8, 2024	May 3, 2024	Jul 15, 2024	Oct 29, 2024	Feb 12, 2025	May 7, 2025	Jul 13, 2025	Nov 13, 2025	Feb 12, 2026	May 19, 2026	Aug 19, 2026	Nov 6, 2026
EPS Estimate	-	-	-	-	-	0.75	0.30	0.65	0.76	1.26	0.85	0.97	1.32	0.98	2.11	1.68	1.67	1.67	1.41	0.78	1.98	0.88	0.16	0.58	0.58	0.85	-2.48	0.62	1.47	0.89	1.15	-	1.03	1.01	0.88	0.79	0.83	0.81	0.51	0.72	0.58	0.85	0.47	-	0.66	0.67	0.55	0.68	0.78	0.85	0.74	0.91	1.05	1.01	0.96	1.11	1.04	1.05	0.81	0.87	1.07	1.13	0.77	0.98	1.12	1.19	0.99	0.95	1.25	1.31	1.08	1.25	1.36	1.43	1.19	1.15	1.55	1.40	1.12	1.26	1.45	1.41	1.38	1.48	1.60	1.54	1.58	1.51	1.73	1.39	1.67	1.57	1.69
EPS Actual	0.26	0.70	0.49	0.10	0.70	0.80	0.57	0.66	1.10	1.68	1.46	1.62	1.73	1.18	2.86	2.71	2.60	1.70	1.45	0.60	1.93	-1.20	-0.28	0.37	0.60	1.61	-3.63	0.83	2.81	0.81	1.71	-2.60	-1.30	0.70	1.30	0.30	1.07	0.72	0.72	0.79	0.56	0.31	0.53	0.70	0.67	0.36	0.72	0.55	0.80	0.92	1.11	0.57	1.17	1.19	1.17	0.83	0.98	1.04	0.70	0.82	1.06	0.96	0.85	1.78	1.18	1.27	1.05	1.10	1.46	1.43	1.27	1.14	1.37	1.40	1.24	1.33	1.58	1.31	1.32	1.55	1.61	1.31	1.50	1.66	1.77	1.52	1.68	1.56	1.85	1.74	1.75	1.60	-
Surprise	-	-	-	-	-	6.67%	90.00%	1.54%	44.74%	33.33%	71.76%	67.01%	31.06%	20.41%	35.55%	61.31%	55.69%	1.80%	2.84%	-23.08%	-2.53%	-236.36%	-275.00%	-36.21%	3.45%	89.41%	-46.37%	33.87%	91.16%	-8.99%	48.70%	-	-226.21%	-30.69%	47.73%	-62.03%	28.92%	-11.11%	41.18%	9.72%	-3.45%	-63.53%	12.77%	-	1.52%	-46.27%	30.91%	-19.12%	2.56%	8.24%	50.00%	-37.36%	11.43%	17.82%	21.88%	-25.23%	-5.77%	-0.95%	-13.58%	-5.75%	-0.93%	-15.04%	10.39%	81.63%	5.36%	6.72%	6.06%	15.79%	16.80%	9.16%	17.59%	-8.80%	0.74%	-2.10%	4.20%	15.65%	1.94%	-6.43%	17.86%	23.02%	11.03%	-7.09%	8.70%	12.16%	10.63%	-1.30%	6.33%	3.31%	6.94%	25.18%	4.79%	1.91%	-
Timing	-	-	-	-	-	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	-	Pre-market	-	-	After-hours	Pre-market	Pre-market	After-hours	-	After-hours	Pre-market	Pre-market	Pre-market	After-hours	After-hours	After-hours	After-hours	After-hours	Pre-market	Pre-market	-	Pre-market	-	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	-	Pre-market	After-hours	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	-	Pre-market	Pre-market	Pre-market	-	-	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	After-hours	After-hours	Pre-market	After-hours	-	Pre-market	Pre-market	Pre-market	After-hours	After-hours	After-hours	After-hours	Pre-market	After-hours	After-hours	Pre-market

Key Statistics & Ratios

Market Cap96.70B

Enterprise Value112.49B

Trailing P/E15.51

Forward P/E15.06

PEG Ratio1.14

Price / Sales1.37

Price / Book2.20

EPS6.57

Book Value42.96

Revenue (TTM)70.82B

Gross Profit (TTM)34.10B

EBITDA9.19B

Profit Margin9.62%

Operating Margin10.47%

Return on Equity15.06%

Return on Assets5.19%

Shares Outstanding948.95M

Shares Float732.11M

Beta0.20

Dividend Yield4.00%

Dividend Rate4.00

Payout Ratio78.59%

Dividends

20261×

4.00Apr 24, 2026

20251×

6.00Apr 25, 2025

20241×

6.00Apr 19, 2024

20231×

3.00Apr 14, 2023

20221×

3.00Apr 21, 2022

20211×

2.75Apr 16, 2021

20201×

2.60Apr 17, 2020

20191×

2.60Apr 26, 2019

20181×

2.60Apr 13, 2018

20172×

5.00Oct 26, 20172.60Apr 21, 2017

20161×

2.50Apr 15, 2016

20151×

2.50Apr 17, 2015

20141×

2.50Apr 11, 2014

20131×

2.50Apr 19, 2013

20121×

2.50Apr 20, 2012

20112×

5.00Nov 4, 20112.50Apr 15, 2011

20101×

2.25Apr 23, 2010

20091×

2.25Apr 24, 2009

20081×

2.25Apr 25, 2008

20071×

10.00Apr 20, 2007

20061×

1.50Apr 28, 2006

20051×

0.90Apr 15, 2005

Stock Splits

Apr 20, 20075:1
Oct 8, 1999761:671
May 15, 19984:1
May 15, 199211:10