Dairy Giant Arla Reaps Benefits From Transformation Programme
Danish dairy firm Arla has posted a marginal increase in sales in full-year 2018, to €10.4 billion, up from €10.3 billion the previous year.
In a statement, the group noted that the improved performance was despite a ‘difficult’ first quarter, adding that its transformation programme, Calcium, helped to deliver cost savings ‘far beyond targets for the year’.
The company said that on the back of its improved performance, it plans to pay out its entire net profit (€290 million) for the year to farmer-owners.
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