Company Profile for Arla Foods UK plc.Business Editors --(BUSINESS WIRE) Arla Foods UK Arla Foods UK plc (LSE: ARU) is a major British dairy products company. Based in Leeds, it is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. plc was formed from the merger of Express Dairies Express Dairies is a subidary of Dairy Crest that specialises almost only on home delivery. It was formed in the 1980s. During the late 1990s it was losing money and subsequently sold it's milk and delivery services to Dairy Crest in July 2006. plc and Arla Foods Arla Foods is a cooperative based in Århus, Denmark and the largest producer of dairy products in Scandinavia. Arla was formed as the result of a merger between the Swedish dairy cooperative Arla and the Danish dairy company MD Foods on 17 April 2000. Plc on 22 October 2003. The company is the country's largest supplier of liquid milk and cream and also markets a wide range of added value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:
dairy products dairy npl → Milchprodukte pl, Molkereiprodukte pl , including Cravendale PurFiltre(R) and leading brands such as LURPAK and ANCHOR. Arla Foods UK plc is 51% owned by Arla amba, the largest farmer-owned dairy co-operative in the European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community , and 49% by existing Express Dairies shareholders. With a turnover of some GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 1.4 billion and over 7,000 employees, Arla Foods UK plc is the UK market leader in milk and cream. It supplies speciality cheeses, has a strong position in flavoured milks Flavoured milk is a sweetened dairy drink made with milk, sugar, colourings and artificial or natural flavourings. Pre-mixed flavoured milk is sold in the dairy case alongside other milk products. and strength in butter, spreads and margarine. Interim Results for Express Dairies plc for the six months ended 30 September 2003, as announced on 5 December 2003. - Completion of Arla-Express merger creates broadly-based, full-service UK dairy company with leading market positions and strong brands - Expected merger synergies will deliver improved profitability - Underlying* pre-tax profit GBP 10.3 million (2002: GBP 14 million) - restrained by delay in normal business decisions while awaiting Competitions Commission's decision on merger with Arla UK - Adjusted earnings per share 2.5 pence (2001: 3.2 pence) - Interim dividend increased 25.0 per cent to 0.5pence (2002: 0.4 pence) - Home delivery business on track to deliver six million parcels this year - Year end to be changed to 30 September to correspond with Arla Foods amba *before exceptional items and goodwill amortisation, adjusted for discontinued activities. Arla Foods UK has some of the strongest brands and best facilities in the UK dairy industry. Our strong management team is making good progress with the detailed analysis of plans for the delivery of synergies, and I anticipate that we will be able to make our first announcement of specific plans early in 2004. We look forward to delivering the benefits of the merger. - Sir David Naish, Chairman
Company: Arla Foods UK plc
Headquarters Address: Express House
Meridian East
Leicester, Leicestershire LE19 1TR
United Kingdom
Main Telephone: 0044 116 281 6281
Website: www.expressdairies.co.uk
Ticker: ARU(LSE)
Type of Organization: Public
Industry: Food
Key Executives: CEO: Neil Davidson
CFO: Nigel Peet
Chairman: Sir David Naish
Investor Relations
Contact: Investor Relations
Phone: 0044 116 281 6182
Email: info@expressdairies.co.uk
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