Arla Foods raises full-year revenue forecast to €13.4-€13.9bn amid 6% first-half drop.

Denmark's Arla Foods, a leading global dairy producer, raised its full-year revenue forecast to €13.4bn-€13.9bn, despite a 6% drop in first-half sales. The company cited strong market momentum, a positive trend in consumer purchasing power, and higher prices and volume expectations due to global milk production shortages. Arla CEO Peder Tuborgh expects increased demand for dairy products in Europe due to rising wages and decreasing inflation rates.

August 28, 2024
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