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Result for the year

Press Release   •   Dec 15, 2000 16:56 CET

With a net turnover of DKK 17,453 million for the half-year, 17.4 – 1.10.2000, the newly established Arla Foods posted profits of DKK 399 million. At Wednesday’s meeting of the Board of Representatives in Århus, Managing Director Jens Bigum described the result as “generally satisfactory in view of the merger and national and international competition”.

For the Danish co-operative owners the result ex farm totalled 246.29 øre per kg standardised milk. This is based on the half year result for the old MD Foods and the Danish share of the half year result for Arla Foods.
The result for MD Foods for the period 4.10.1999 to 16.4.2000 was DKK 486 million against DKK 768 million for the full year the previous year.
For 1999/2000 (15 months), Arla ekonomisk förening posted a result of SEK 55 million following supplementary payments of SEK 134 million. The main difference is due to the fact that Arla ekonomisk förening has operated an account policy aimed at maximising on account payments, while MD Foods has had a tradition of paying a large supplementary payment. Thus, the supplementary payment amounted to 17.07 Danish øre per kg for Danish co-operative owners, and 5 Swedish øre to Swedish co-operative owners.
Three Board of Representative meetings were held: Arla ekonomisk förening held its meeting on Tuesday, Arla Foods amba on Wednesday and MD Foods amba on Thursday.

Result                                                                 DKKmillion
Net turnover                                                     17,453
of which outside Denmark and Sweden      8,200
% outside Denmark and Sweden                   47%
Net result                                                           399
Supplementary payment                                 276
Consolidation                                                    123

Milk received                     Million kg
Milk received million kg    3,344
of which in Denmark         1,914
of which in Sweden           993
of which the rest               437

Number of co-operative owners  16,121
of which in Denmark                         8,639
of which in Sweden                           7,482

No. empoyees (man years)             18,622