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Arla Butter Sales Fatten In Lockdown Baking Spree
COPENHAGEN, Sept 3 (Reuters) - Arla Foods, one of the world's biggest dairy firms, said on Thursday that its butter sales rose by nearly a fifth in the first half of the year, as people under coronavirus lockdown took to their kitchens.
Butter sales rose 18% in the period, which more than offset lower sales to restaurants and the catering business, the company said.
"While all key markets of Lurpak (butter) were hit by lockdown in March and April, sales soared to unprecedented heights in almost all markets," Arla said.
In the UK, Arla's main market for butter, sales rose by 20%.
The company said it shipped a record 86 truckloads of Lurpak butter to the UK during one week in April, with workers at one of its main dairy plants in Western Denmark having to work nights and weekends to keep up with demand.
Arla, owned by around 9,700 farmers in Denmark, Sweden, Germany, Britain, Luxembourg, the Netherlands and Belgium, said revenue stood at 5.4 billion euros ($6.4 billion) between January and June, up 3% from a year earlier.
ebitda significa for the period rose 16% to 443 million euros, it said.
($1 = 0.8457 euros) (Reporting by Tim Barsoe and Jacob Gronholt-Pedersen; Editing by Mark Potter and Elaine Hardcastle)