Aller Petfood Group reported earnings of DKK14 million (US$2.5 million) at the end of fiscal 2012, up from DKK9 million (US$1.6 million) in 2011.
The petfood company's success is attributed to strong market share in the private-label market, where the company says it owns 50 percent in Russia.
”We have stuck to our strategy, optimised production, expanded the organisation and improved our sales and performance,” said CEO Henriette Bylling. ”Consumers have become more prudent and appreciate good quality ingredients. Their dogs and cats are part of the family and, just like the rest of the family members, must have a good and nutritious diet. Despite the economic crisis, consumers have become more quality conscious. However, they have found out that they can get high quality at a reasonable price, and this is exactly what we deliver, and it is a major reason for our success."
New shelter data casts doubt on whether the pet population and pet ownership are truly growing.
While the pandemic caused unprecedented suffering worldwide in 2020, the disruptions to dogs, cats and other pets adoption numbers may normalize in 2021.