COPENHAGEN: Arla said on Monday that it worries that a Greek exit from the euro could make an enormous dent on its annual revenue.
Danish-Swedish dairy giant Arla has pulled most of its capital out of Greece as that country’s debt crisis comes to a head. Arla told news agency Reuters on Monday that it has also cut stocks in Greece in an effort to reduce risk. “We will continue our business in Greece no matter what, however if Greece exits the euro, we anticipate that our annual revenue of 30-40 million euros ($33-44 million) could be cut in half,” Arla said in an email to Reuters.