Arla said that while growth in European markets for food products is low, markets outside the EU are experiencing double-digit growth rates.
Arla Foods said 2012 revenues rose 15% to DKK 63.1 billion (about $11.3 billion) and consolidated net profit was 3% of revenues (DKK 1.9 billion/$340 million, highest in its history). The Denmark-based dairy cooperative said mergers, acquisitions and strong brands were behind "the significant rise" in its turnover in 2012.
Arla has 12,300 cooperative members in Sweden, Denmark, Germany, UK, Belgium and Luxembourg.