09 Feb 2023 --- Arla Foods has reported solid financial results despite recognizing a volatile marketplace dominated by inflation. Revenue increased by 23.2% to US$14.8 billion (€13.8 billion) compared to US$12 billion (€11.2 billion) in 2021. Arla says the growth was driven almost exclusively by increased prices, which were influenced by an increase in commodity and retail prices resulting from “stagnating supply and steady demand.” Some notable rises include Arla’s average prepaid milk price increasing by 40.5%, from 37.0 EUR-cent/kg in 2021 to 52.0 EURcent/kg in 2022. Also, its performance price, which measures the value Arla adds to each kilo of its owners’ milk, is 55.1 EUR-cent/kg, a 38.8% increase compared to 2021.
