Arla Foods UK plc (ARU) 2014年年度报告「LSE」.pdf

1、A stronger cooperative in a difficult marketthanks to efficient operations,global brands and expanding markets214CONSOLIDATEDANNUAL REPORTProject management:Charlotte Mller Andersen,Corporate Financial Compliance,Arla.Copy,design and production:We Love People.Translation:Textminded,Stvring Woodward

2、Communications.Photos:Jens Bangsbo,Mikkel Bache,Harald Tittel and Arlas archives.Printer:Scanprint A/S.“The global milk market is turbulent,but it is also full of opportunities.If anything 2014 has highlighted just that.Our key focus is to manage the downturns while preparing for better times.In add

3、ition to our existing efficiency programmes,we have decided to implement additional measures to maintain competitiveness.I strongly believe that with these measures,we are well suited to steer through the turbulence and welcome new business opportunities as they arise.”Peder Tuborgh,CEO2014in shortP

4、erformance PriceMilk VolumeOwnersRevenueEquityProfitRevenue GrowthNet interest-bearing debtEUR reportingArla is a Danish registered company,and we have historically been reporting in Danish kroner.However,90 per cent of Arlas business is generated outside Denmark,and our owner group is growing and b

5、ecoming more international.Reporting in Euro have been requested by our owners and will satisfy the general need for most users of the financial information.Consequently,we have chosen to report in Euro in our financial statements going forward.However,there will still be a performance price in DKK,

6、as there is in SEK and GBP.41.7EUR cent/kg10.6billion EUR7.5%13.4billion kg1.9billion EUREquity Ratio28%0.3billion EUR3.0%of revenue2.5billion EUR13,413Leverage 3.71.Consumer United Kingdom,2.Consumer Sweden,3.Consumer Finland,4.Consumer Denmark,5.Consumer Central Europe,6.Consumer International,7.A