Arla's UK subsidiary forges ahead
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- 10 June 2004
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On Tuesday, Arla Foods UK plc presented its first interim result after the merger with Express Dairies. In keeping with the company’s expectations, the figures show a strong performance across the board.
Before exceptional items and goodwill amortisation, pre-tax profits were GBP 21.1 million (DKK 235 million) based on sales of GBP 697.9 million (DKK 7.8 billion).
During the first half year, sales of Lurpak rose by 10% while Anchor Spreadable accounted for even stronger growth, 13%. Arla’s filtered milk, Cravendale, recorded an advance in sales of no less than 23%.
“The first trading results of the merged company demonstrate progress in all key areas,” says Arla Foods UK plc’s Chairman Sir David Naish. “Our brands are performing strongly, supermarket milk volumes are in lines with expectations, our major dairy investments are on schedule and we have continued to outperform the market in home delivery.”
Managing Director Neil Davidson emphasises that the benefits of the merger are now beginning to materialise.
“We now have a well-balanced business with strong finances and substantial managerial and technical resources well equipped to offer effective competition right across the chilled dairy cabinet.”
Neil Davidson expects that Arla Foods UK plc will build a new dairy in Scotland as a consequence of Asda Walmart’s decision to appoint Arla sole supplier.The decision means that Arla will deliver 55 million litres milk to Asda Walmart’s Scottish stores. A new dairy in Scotland will allow us to try for listings with other Scottish multiples.
Arla Foods is an international dairy company owned by 9,700 farmers from Denmark, Sweden, the UK, Germany, Belgium, Luxembourg and the Netherlands. Arla Foods is one of the leading players in the international dairy arena with well-known brands like Arla®, Lurpak®, Puck® and Castello®. Arla Foods is focused on providing good dairy nourishment from sustainable farming and operations and is also the world's largest manufacturer of organic dairy products.