Arla, which has a large operation in Leeds, said the growth has been driven by price increases in Arla’s retail and foodservice divisions
Arla Foods said the first half of 2022 was dominated by inflationary pressures across all areas of the supply chain.
Ash Amirahmadi, managing director of Arla Foods UK, commented: “We are facing extraordinary times in food production as both our farmers and the company face high levels of exposure to inflationary pressures and costs increasing right across the supply chain. Arla said that total strategic branded revenue growth across the UK fell 6.3 per cent in the first half of 2022, as consumers’ shopping habits changed and stabilised following two years of significant growth, driven by in-home consumption during Covid.
Arla’s Foodservice business continued to bounce back from the impacts of Covid and lockdown with a growth of 21.6 per cent as people return to eating out of the home, Arla said. Commenting on the economic outlook, Arla said:"With ongoing inflationary pressure and political unrest negatively impacting global growth, Arla expects the second half of 2022 to be even more challenging as global milk production is expected to decline further and contribute to sustained high dairy prices, which will likely further diminish consumer confidence and consumption."
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