Arla’s machine continues to deliver impressive results
Posted on: 09/09/20
For those in the dairy industry who use their prayer mats pointing to Leeds and Denmark hoping one day Arla will come unstuck the Co-op giant seems to go from strength to strength rarely putting a commercial foot wrong.
Its first half year results for 2020 were very strong in particular the sales of its branded products which recorded an impressive 10.4% growth.
Total revenue grew by almost £5 billion (5.4 Billion Euros/ + 2.8% with brands like Lurpak up by 20% and sales of Cravendale milk up 22%.
Arla’s UK sales increased by 4.7% to £1.2 billion with UK demand for Lurpak up over 20%.
The only black cloud is the regular and frustrating reference to the continued lack of profitability in the UK’s liquid milk sector.
During 2020 and the Pandemic the Arla member farmgate milk price has remained stubbornly stable consequently Ian has received a few if any complaints about Arla’s milk price from members with a heap of people keen to get Arla contracts by any means possible.