Arla declares strong interim results

But there are plenty of challenges ahead

August 28th, 2014 6:41 pm| by admin
facebooktwittergoogle_pluspinterestmail

The Danish and Swedish farmers who make up the Arla Group dairy co-operative can expect some solid returns after the company posted strong financial results for the first half of 2014.

Arla’s revenue increased by 11 percent to 39.8 billion kroner for the first half of 2014 compared to the 35.7 billion kroner of revenue it enjoyed during the first half of 2013.

“We are pleased to see that our strategy for creating more growth outside Europe is working, and that we have accelerated growth outside our European core markets,” Frederik Lotz, Arla’s head of finance, said in a press release.

“Our overall organic growth is satisfactory – we are however facing a difficult period and tough market challenges ahead."

READ MORE: Russian import ban a step back for Arla

Double up in China
Those challenges include a downward trajectory in the global raw milk trends and the unstable situation in the Russian milk market, which accounts for one percent of Arla’s total revenue.

Fortunately, there was better news for Arla in its markets in the Middle East and Africa, which grew by 17 percent, and in China where revenue has doubled.

Arla expects full-year revenue of 79 billion kroner – well above the 73.6 billion kroner it managed last year.

The new route could become permanent in the future (photo: YBen)
Historic first as Chinese flight lands at Copenhagen
When the Chinese airline Beijing Capital Airlines lands today at Copenhagen...
Since 2014, Danish fundraisers have to report donations to the Danish fundraising board (photo: iStock)
Danish humanitarian aid may be supporting terrorists
PET, the Danish intelligence service, suspects money donated by Danish hum...
Rambøll will act as an independent engineering consultant on the New Champlain Bridge Corridor Project by Montreal (photo: Rambøll)
Rambøll gaining a foothold in North America
Denmark's largest consultancy firm Rambøll could be getting some serious N...
Danes often buy cheap food in bulk on discount and freeze it before they throw it out (photo: iStock)
Danes postpone food waste by freezing their food and then not eating it
Every year, Danes throw out 700,000 tonnes of food, of which 260,000 tonnes...
The marble church Marmorkirken continues to provide hurdles (photo: iStock)
Metro City Ring facing new delays
The ongoing construction of the Metro City Ring is facing further delays at...
Learning Danish is particularly difficult for the elderly, mentally impaired and low-educated (photo: iStock)
Danish government upping language requirements for citizenship applicants
Foreigners seeking Danish citizenship will have to pass a new advanced leve...