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 INTERNATIONAL In a year influenced by Covid-19 and a weaker oil price, our international segment delivered strong strategic branded volume driven revenue growth of 11.6 per cent. Particularly the MENA region had an extraordinary year growing the branded revenue by 20.1 per cent. The Arla® brand grew modestly by 1.6 per cent, whereas LurpakⓇ, PuckⓇ and StarbucksTM achieved very high growth rates of 12.2, 11.6 and 20.7 per cent respectively. Also KraftⓇ got off to a very good start in Arla hands growing 153.4 per cent. Despite the impacts of Covid-19, we continued to increase our focus on front line execution as well as to deliver on Arla's sustainability agenda, engaging with our customers and partners throughout the business. Revenue, EURM 1,975 2019: 1,802 Strategic branded volume driven revenue growth 11.6% 2019: 10.3% STRATEGIC BRANDED VOLUME DRIVEN REVENUE GROWTH BY REGION Middle East and North Africa 20.1% 2019: 7.0% Brand share EURM Revenue split by country, 2020 86.3% 2019: 82.7% West Africa -1.3% 2019: 22.6% China 9.3% 2019: 61.9% Southeast Asia -3.3% 2019: 24.2% North America 7.6% 2019: -4.1% Rest of World 9.5% 2019: 6.1% 27 ARLA FOODS ANNUAL REPORT 2020 9% 14% 9% 7% 23% 38% 2020 2019 Middle East and North Africa Rest of world. North America Southeast Asia China 38% 36% 23% 21% 14% 17% West Africa 9% 16% 9% 5% 7% 5% "2020 WAS AN UNPRECEDENTED YEAR. COVID-19 BROUGHT NEW PERSPECTIVES TO THE WAY WE DO BUSINESS, BUT DUE TO OUR FRONT LINE FOCUS AND AN EXTRAORDINARY CONTRIBUTION FROM OUR EMPLOYEES, WE MANAGED TO STRENGTHEN OUR BUSINESS FURTHER THROUGH SOLID BRANDED GROWTH AND INCREASING MARKET SHARES, WHILE KEEPING OUR EMPLOYEES SAFE." Simon Stevens, Executive Vice President - International, and member of the Executive Management Team
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