CEO says Arla Foods remained strong despite the recession

Arla Foods reviews a turbulent and challenging year in its 2009 Annual Report, including how the company’s Arla’s core markets developed during the year.

”Last year will be remembered as the year of the global recession and a very tough year for the whole dairy industry. However, I believe that we have come through these difficulties in a strong position,” said CEO Peder Tuborgh.

“It is, nevertheless, disappointing that we were not able to offer our owners a higher milk price.”

In addition to the accounts, the report reviews developments in all Arla’s core markets and describes the moves to secure a better milk price for co-operative owners in Denmark and Sweden.

”In a year when the whole of the dairy industry was under huge pressure from the recession, I am pleased that Arla Foods fully exploited the earnings potential that, despite the current situation, exists in our markets.”