Lurpak owner Arla Foods has bucked the worldwide economic uncertainty to grow global profits by a third.
The Danish dairy giant, which also owns the Cravendale and Anchor brands, grew global profits to DKK1.3bn (£146m) during 2010, up from DKK971m (£116.1m) the previous year. Turnover increased 6%, to DKK 49 billion (£5.5bn).
“Over the past year, Arla has shaken off the effects of the recession without letting go of its tight cost controls,” said chief executive Peder Tuborgh.
In 2010, Arla Foods UK, a subsidiary of the Scandinavian giant, achieved a £1.5bn turnover, with Lurpak’s UK sales increasing 9.9% in value, Cravendale up 6% and Anchor almost 14%.
Arla UK boss Peter Lauritzen warned: “The own label milk market remains highly competitive, the economic environment is very unpredictable due to low consumer confidence and the prices of utilities, plastic packaging and fuel are rising.”
Is Anchor set to cut NZ ties and move to UK? (12 February 2011)
Lurpak takes sea salt butter mainstream (29 January 2011)
Lurpak maker Arla eyes German merger (17 December 2010)