Arla members receive more than expected in 2007

Arla Foods has announced strong annual results for 2007 with profits of DKK 938 million, even after the company paid out DKK 1.2 billion more than expected to its cooperative members in the second half of the year.

2007 was a year of unprecedented change in milk sourcing and global demand for milk. Consequently, Arla Foods implemented price increases in all markets, which has had a positive effect on the annual results. Other factors positively affecting the annual results were the integration of Tholstrup Cheese in Denmark, Arla Ingman in Finland and, in particular, Arla Foods UK. Arla Foods’ turnover for 2007 totalled DKK 47.7 billion – 2.2 DKK billion more than the year before.

“We should be proud of this result,” says Arla Foods’ CEO Peder Tuborgh. “Never before have we experienced such a turbulent year and such fluctuations in milk prices in global markets. We’ve succeeded in sustaining last year’s excellent level of profit while delivering significant milk price increases to our owners. We have, therefore, succeeded in our two main aims: to secure our owners a high milk price and offer quality products at competitive prices.”