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Dairy group Arla reports lower H1 sales, hikes outlook
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Dairy group Arla reports lower H1 sales, hikes outlook
Aug 29, 2024 9:10 AM

COPENHAGEN, Aug 28 (Reuters) - Denmark's Arla, one of

the world's biggest dairy producers, reported on Wednesday a

drop in sales for the first half of 2024 but still raised its

full-year revenue outlook.

Sales in the period decreased 6% from a year earlier to 6.6

billion euros ($7.35 billion) after historically high dairy

prices boosted revenue last year, the company said in a

statement.

Arla now expects full-year revenue in a range of between

13.4 billion and 13.9 billion euros, up from 13.2 billion to

13.7 billion euros seen previously, citing increasing prices and

volume expectations.

($1 = 0.8977 euros)

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