Scandinavian dairy group Arla Foods posted a DKK238m (US$40.8m) profit in the first half of 2006, which was below expectations due to the consumer boycott of Danish goods in the Middle East earlier in 2006.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Arla added that sales have now returned to pre-boycott levels in most Gulf States, with the exception of Saudi Arabia, the company’s largest market in the region. Domestic sales remain sluggish, albeit with a slight increase.


Arla Foods group finance director Jørn Wendel Andersen said: “Reports from the market confirm previous expectations that Arla Foods faces a loss of earnings in the region of DKK 400m (US$69m).”


Earnings were in line with the forecast at the start of the Middle East crisis in January 2006.


The boycott of Arla in the Middle East was in reaction to controversial cartoons of the prophet Mohammad, published by a Danish publication in 2005.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

 

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now