Arla Foods Consolidated Annual Report 2021 slide image

Arla Foods Consolidated Annual Report 2021

30 Arla Foods Consolidated Annual Report 2021 / Our brands and commercial segments / Our global brands OUR GLOBAL BRANDS / CONTINUED LURPAKⓇ LurpakⓇ is one of our oldest brand which just turned 120 years old in 2021. It's the leading butter and spreadable brand in Denmark, the UK, and MENA with constantly strengthening positions across all our key markets. LurpakⓇ, sold in 95 countries, is a key driver of our competi- tive advantage against our peers MOLIN Strategic branded volume driven revenue growth 0.5% 2020:13.7% Revenue (EURM) 646 2020: 628 LurpakⓇ gained market share Our emblematic butter brand, LurpakⓇ, lived up to its now 120-years old reputation in 2021 as well. We managed to further gain market share in our biggest markets the UK and Denmark. Overall, LurpakⓇ's volume growth ended up at 0.5 per cent year on year, due to the exceptionally high growth in 2020, driven mostly by the trend of home cooking during Covid-19 lockdowns. LurpakⓇ came close to repeating the historical success of 2020 in Denmark and MENA, but lost volume in the UK, where the growth in 2020 was also the highest. One exemption from the overall trend was the Netherlands, where LurpakⓇ doubled volumes between 2019 and 2021, due to significant new efforts in advertising the brand to Dutch consumers. Notably, LurpakⓇ experienced volume growth compared to 2019 across all markets. Contents III PUCKⓇ Puck is the number one spreadable cheese brand in MENA. Besides spreadable cheese, Puck® has also strong positions in other categories, such as shredded mozzarella and all purpose cream. The brand is focused on bringing mealtime joy and inspiration to families in the Middle East. Another strong year for PuckⓇ in MENA PuckⓇ, our loved dairy brand and household staple in MENA reached record market shares and became the number one spreadable cheese brand across the region. PuckⓇ mamanged to maintain the exceptionally high volumes of 2020, which shows the brand's ability to adapt to the changing environ- ment and connect with families in a meaningful way. However, PuckⓇ's revenue declined to EUR 382 million from EUR 403 million last year, due to exchange rates effects. As a break- through innovation, PuckⓇ launched a range of sweet, milk-based ambient spreads bolstering the brand's foothold outside the chilled dairy aisle. Another significant achievement has been consolidating production from several sites into our site in Bahrain for improved efficiency and speed to market. Puck Light Strategic branded volume driven revenue growth 2.7% 2020: 9.9% Revenue (EURM) 383 2020:403
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