Arla sees 19% revenue increase in 1H 2013
Arla has released an interim financial statement covering 1H 2013, posting a 19 percent revenue incr…
Arla has released an interim financial statement covering 1H 2013, posting a 19 percent revenue increase over the same period in 2012. Arla claims the growth is driven by growth in key markets and the effects of last year’s mergers and acquisitions.
The first six months of this year saw Arla generate a revenue of £4.08 billion. Furthermore, the milk price paid to Arla’s owners increased three times, with a further increase due in September. Arla’s performance price increased to 32p per kg of cooperative owner milk. The company undertook two mergers last year, making it the UK’s largest diary company and the third largest in Germany.
Arla CFO Frederick Lotz said: “The global dairy market is more volatile than ever. Demand is increasing steadily, while milk production varies from season to season, creating frequent and considerable fluctuations in milk prices. We are focused in our efforts to ensure that earnings for owners are among the best in the market, and also expect the Arla earnings for the full year to improve further to just under DKK 3.00 (33.6p) per kg milk.”
The first six months of this year saw Arla generate a revenue of £4.08 billion. Furthermore, the milk price paid to Arla’s owners increased three times, with a further increase due in September. Arla’s performance price increased to 32p per kg of cooperative owner milk. The company undertook two mergers last year, making it the UK’s largest diary company and the third largest in Germany.
Arla CFO Frederick Lotz said: “The global dairy market is more volatile than ever. Demand is increasing steadily, while milk production varies from season to season, creating frequent and considerable fluctuations in milk prices. We are focused in our efforts to ensure that earnings for owners are among the best in the market, and also expect the Arla earnings for the full year to improve further to just under DKK 3.00 (33.6p) per kg milk.”
