The company said net earnings were $5.19bn, from $3.77bn in the previous 12 months.
Of this, $2.85bn came from discontinued operations, mainly the sale of its Danish supermarket business, compared to $394m the year before.
Revenue edged up to $47.56bn versus $47.38bn in 2013.
CEO Nils Andersen said: “We are very satisfied with the result for 2014 where we achieved the highest ever profit of $5.2bn."
"Despite
