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 GOOD GROWTH 2020 STRATEGY DELIVERED STRONG RESULTS OUR VISION Create the future of dairy to bring health and inspiration to the world, naturally. OUR MISSION To secure the highest value for our farmers' milk while creating opportunities for their growth. FOCUS WIN EXCEL in 8 categories in 6 regions as ONE Arla KEY ACHIEVEMENTS Strategic branded volume driven revenue growth* 4.6% Baseline 2015: 1-2% 2015-2020 CAGR Target: 3% Brand share International share** 48.9% Baseline 2015: 42% Target 2020: >45% 23.6% Baseline 2015: 17% Target 2020: 23% Calcium savings 354 EUR Baseline 2015: 0 EURM Target 2021: 400 EURm alcium OUR STRATEGY ACCELERATOR Cost savings at EUR 400+ million by 2021. OUR SUSTAINABILITY STRATEGY Stronger planet Improving the environment for future generations. Stronger people Increasing access to healthy dairy nutrition and inspiring good food habits. OUR GOOD GROWTH IDENTITY Healthy, natural, responsible and cooperative growth. 14 ARLA FOODS ANNUAL REPORT 2020 SUMMING UP GOOD GROWTH 2020 Despite Covid-19 and other unprecedented external impacts throughout the strategy period, our Good Growth 2020 strategy delivered above expectations on all four KPIs and was further strengthened by our ambitious sustainability strategy. The trends and lessons from the disruption caused by Covid-19 are reflected in our 2021 business plan, where we will further build on the successes and strengths of the Good Growth 2020 strategy, our transformation and efficiency programme Calcium, and our sustainability strategy. By the end of 2021, we will launch a new strategy for the years to come. *Here we refer to the CAGR figures for the Good Growth strategy period 2015-2020. ** International share is based on retail and foodservice revenue, excluding revenue from third party manufacturing, Arla Foods Ingredients and trading activities.
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