Arla Foods Consolidated Annual Report 2021

37 Arla Foods Consolidated Annual Report 2021 / Performance Review PERFORMANCE REVIEW In a volatile year defined by Covid-19, fast economic rebound and inflationary pressure across value chains, we managed sales and operations with strong hands and delivered results above expectations on our most important performance indicators. The performance price increased to 39.7 EUR-cent/kg, up from 36.5 EUR-cent/kg in 2020, driven by our ability to navigate the rising commodity market, firm underlying efficiencies and brand growth. Our brands achieved high branded volume growth of 4.5 per cent, on top of the extraordinarily high 2020 growth (7.7 per cent). Torben Dahl Nyholm CFO Contents III

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