Get the app today! Download iPhone App Download Android App

All About Arla – ESM Meets Arla Chief Executive Peder Tuborgh

Published on May 25 2021 1:58 PM in Features tagged: Trending Posts / Dairy / Arla / Paywall / Peder Tuborgh

All About Arla – ESM Meets Arla Chief Executive Peder Tuborgh

Danish dairy cooperative Arla believes that its collaborative approach should enable it to bounce back even stronger after the pandemic subsides. Stephen Wynne-Jones spoke to its chief executive, Peder Tuborgh. This article also appeared in ESM Issue 3 2021.

Out of every adversity comes an opportunity, and while 2020 was ‘the most challenging crisis that Arla has ever operated in’ – as the Danish dairy giant put it in a recent statement – its cooperative-led model has positioned it for a strong return to form once the pandemic subsides.

The past year has really been a double-edged tale for the Viby-based business, as its branded sales division – led by brands such as Lurpak, Arla and Puck – grew by 7.7%. At the same time, its extensive foodservice operations had a disastrous year, due to the prolonged closure of the HoReCa channel. After an initial 45% drop in revenue in the spring of 2020, the business recovered, but with a 12% decline for the year overall.

As for the net result of such disruption on the group’s performance? Total group revenue stood at €10.6 billion in 2020 – pretty much on a par with the previous year (€10.5 billion). EBITDA was €909 million, up from €837 million in 2019 – fitting, therefore, that the title of the group’s recent annual report was Creating Value in a Year like No Other.

please subscribe or sign in to continue reading

image description

Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.

A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!

Share on Facebook Share on Twitter Share on LinkedIn Share via Email