Arla Foods Annual Report 2020 slide image

Arla Foods Annual Report 2020

Management Review Our Strategy Our Brands and Commercial Segments Our Responsibility Our Governance Our Performance Review Our Consolidated Financial Statements Our Consolidated Environmental, Social and Governance Data BRANDS Our brands are at the heart of our business and drove overall strong growth in 2020. Given the challenging conditions due to Covid-19, our brand teams quickly adapted to the new reality and changing consumer behaviour. Strong digital mindsets and creative campaigning were imperative to embracing the changes and turning them into commercial opportunities. Arla Arla еко в еко& SVENS CAFFE LATTE STARBUCKS GENLONNE BOK LURPAK DANSK SMØR 200ge LURPAK 2008 MELLANMJÖLK FILMJÖLK GRY. NETTO NOLL еко NOLL KLIMAT- ANTRYCK KLIMAT AVTRYCK NETTO NOLL KLIMAT AVTRYCK eko FITT TUITER FETT 1000 GETRICS DL FOX CLIMAT FARK VISPERADO HOLL STRONG ARLA SUPPLY CHAIN SUPPORTED LURPAKⓇ GROWTH OF 15 PER CENT 2020 was another record-breaking year for LurpakⓇ, breaking last year's record of 300 million packs of butter and spreads sold by an additional 45 million packs. The growth can primarily be explained by high consumer loyalty to trusted brands and increased in-home lunching and cooking due to Covid-19 restrictions. To satisfy this massively increased demand the entire Arla supply chain did a remarkable job. The global planning team needed to find more Danish cream than ever before, procurement needed to source 15 per cent more packaging materials without notice, and our Holstebro Dairy needed to step up production and shipments to unprecedented numbers. 2020 was a true example of the fantastic team efforts we have seen all over Arla in this unusual year. ARLA® BRAND GREW AND FURTHER STRENGTHENED SUSTAINABILITY TRAIT Overall, the Arla® brand had a strong year with branded growth of 3.0 per cent, driven by increasing retail sales, which more than offset the drop in foodservice. The continued strong focus on animal welfare earned the Arla® brand 2 out of 3 hearts on Arla 24 milk in the Danish governmental animal welfare label 'Better animal welfare'. As part of Arla's commitment to become carbon net zero by 2050, the Arla® brand launched carbon reduced and recyclable packaging solutions, and introduced carbon compensated milk in Denmark. Furthermore, the Arla® brand continued to build a premium organic position in overseas markets like China and the Middle East, while gaining market shares for affordable nutrition in emerging markets like Nigeria, Senegal, Ghana and Bangladesh. CELEBRATING TEN YEAR ANNIVERSARY WITH STARBUCKS™ In 2020, we celebrated 10 years of cooperation with the American coffee brand StarbucksTM where Arla manufactures, distributes and markets StarbucksTM branded premium ready-to-drink coffee beverages in Europe, the Middle East and North Africa. A highly successful journey starting with 7 million units sold in 2010 and ending 2020 with close to 150 million units sold. Despite early concerns that less on-the-go coffee occasions due to Covid-19 would reduce Starbucks'™ performance, we have witnessed very strong double-digit growth mainly driven by our core markets in Europe and the UK. We constantly follow the changing consumer trends, and in 2020, we launched two additions to our plant-based range; Starbucks' Chilled Classics oat and coconut iced coffee. 23 ARLA FOODS ANNUAL REPORT 2020
View entire presentation