Arla Foods Consolidated Annual Report 2021

8 Arla Foods Consolidated Annual Report 2021 / Management Review / Highlights HIGHLIGHTS Contents 2021 was characterised by three themes for Arla: volatility, strong performance and the future. Covid-19, volatility of the dairy market and the historically high inflation affected Arla from farmers to customers. Nevertheless, our cooperative performed as strong as ever, with a competitive milk price paid to our owners, remarkably high branded growth and efficiencies created across our supply chain. This performance created a strong foundation for Arla to launch our new strategy, Future26, which will make Arla a leader in value creation and sustainability. 4.5% Read more 기 LURPAns Our strategic brands performed exceptionally well on the backdrop of fast evolving consumer habits due to the Covid-19 lockdowns and general uncertainty, reaching 4.5 per cent branded volume growth and gaining market share in key regions. Growth was driven by our strong operations, the agility of our business as well as high consumer confidence in our brands. The branded share of our revenue reached 49.3 per cent. 39.7 III Read more EUR-CENT/KG Performance price Our performance price reached 39.7 EUR-cent/kg in 2021. This positions Arla among the market leaders in Europe and supports our farmer owners, who also face increasing production costs at their farms. 7 Read more Read more VOLATILITY In 2021, Arla had to navigate an intensely volatile market still very much affected by Covid-19. Fast economic rebound and disrupted global supply chains took inflation to unprecedented levels, while low milk supply combined with high demand for dairy products accelerated commodity prices to historical heights in the second half of 2021. 17% Read more Arla FUT URE 26 Our e-commerce channel experienced an outstanding revenue growth of 17 per cent due to changing shopping habits and our agile reaction to the trend. We launched our ambitious new five-year strategy from a position of financial and commercial strength, and committed ourselves to becoming leaders in sustainability and value creation.

View entire presentation