Arla Foods achieves a triple-digit billion revenue, enabling the highest dividend payout to farmers in the company’s history.

In 2024, Arla Group’s total revenue reached EUR 13.8 billion and the company achieved a net profit of EUR 401 million. The performance price increased to 50.9 EUR-cent/kg, marking the second-highest level in Arla’s history and reflecting strong market demand and effective cost management. Therefore, Arla proposes a supplementary payment of 2.2 EUR-cent/kg milk delivered, marking the highest dividends paid to the farmer owners in the company’s history.

• Arla’s strong results in 2024 are a testament to the dedication and skill of our farmer owners and employees. Our competitive milk price and financial performance reflect our ability to navigate a complex market landscape effectively and deliver value to our stakeholders, says Jan Toft Nørgaard, Chair of Arla Foods.

In 2024, consumers across Europe saw a resurgence in purchasing power and Arla Foods saw a return to branded volume growth, as Arla’s strategic brands Arla®, Lurpak®, Puck®, Starbucks™ and Castello® achieved a volume-driven revenue growth of 3.7%, compared to a decrease of -0.7% in 2023. This rise in brand growth significantly contributed to Arla’s high revenue level.

• I am delighted that Arla Foods is performing well, and we see a high demand for dairy and our products across the globe. The highest ever supplementary payment, along with a competitive milk price, reflects Arla’s financial strength, says Peder Tuborgh, CEO of Arla Foods.

Annual Results 2024 key figures:

• Group revenue: EUR 13.8 billion (2023: 13.7)
• Performance price: 50.9 eurocent/kg (2023: 47.0)
• Milk volume: 13.7 billion kg (2023: 13.9)
• Net profit share of revenue: 2.9% (2023: 2.8%)
• Proposed supplementary payment: 2.2 EUR-cent/kg of milk delivered (2023: 2.1 EUR-cent/kg of milk delivered)
• Net efficiencies: EUR 131 million (2023: 114)
• Leverage: 3.2 (2023: 2.6)
• Overall strategic branded volume driven revenue growth: 3.7% – Includes Lurpak® Arla ® Puck® Castello® Starbucks ™ (2023: -0.7%)

Read the entire press release HERE