Netherlands: Heineken post revenue in excess of €20 billion in 2015
Multinational brewer Heineken has posted revenue, volume and profit growth in full year 2015, according to its recently-released financial statements. The beermaker saw total revenues rise to €20.511 billion ($23.10 billion), with organic growth up 3.5% on full year 2014. Consolidated beer volumes were up 2.3% with positive growth in Americas, Asia Pacific and Europe offsetting […]
UK: Unilever turnover up 10% in 2015
FMCG Unilever posted a turnover increase of 10% in 2015, according to the company’s latest full year financial statements. Total sales for the year rose to €53.3 billion including a positive currency impact of 5.9%. The company also reported underlying sales growth of 4.1% “ahead of our markets”, with volume up by 2.1% and value up by 1.9%. […]
Germany: Beiersdorf sees sales growth of 3% in 2015
Health & beauty firm Beiersdorf announced that it posted organic group sales growth of 3% in 2015, as it released its latest annual financial statements. Announcing that it had “continued on its profitable growth path in 2015 in a challenging market environment”, the firm said that, in nominal terms, sales rose by 6.4% from €6.285 […]
France: Pernod Ricard reports 2% annual sales growth
Pernod Ricard, the co-leader in the global wine and spirits business, has released its latest annual financial statements showing organic sales for the full year up 2% to €8,588 million ($9,705 million). “Considering what is still a very challenging environment, the group posted a good business performance”, the company said. Reported sales were up 8%, mainly as […]
India: Carlsberg doubles its market share
Global brewer Carlsberg has released its latest financial figures in India, revealing that is has managed to almost double its market share in the country to nearly 15% of the Indian beer market in the quarter ended June. “Our Indian business grew 43% organically in a market growing by an estimated 5%. In Q2, our […]
China: Coca-Cola plans to invest $4 billion
Coca-Cola has announced plans to invest $4 billion in China over the next three years, according to a report in the Jakarta Post. Together with its bottling partners – COFCO Coca-Cola Beverages, Swire Beverages and Coca-Cola Bottling Investments Group China – Coca Cola will invest in expanding production capacity, distribution networks and facilities, and marketing. […]
USA: Kraft Heinz to shed 2,500 jobs
The newly-formed Kraft Heinz business is to cut 2,500 jobs in the USA and Canada as part of a rationalization programme, according to a report in VC Post. According to VC Post, around 700 posts will be lost at the company’s headquarters in Northfield, Illinois. Kraft Heinz’s total workforce stands at 46,600, including 1,900 at […]
Switzerland: Nestle maintains status as the world’s biggest dairy company
According to the Rabobank ranking for the year 2014, the Swiss company Nestle has maintained its positioned as the biggest dairy company in the world, with a total annual turnover of €20.9 billion ($23.2 billion). The French companies Lactalis (€14.7 billion / $16.3 billion) and Danone (€14.6 billion / $16.2 billion) made it to second […]
USA: Procter & Gamble announces annual results
Procter & Gamble has announced its fiscal year results, showing growth of 1% in organic sales and a decrease of 5% in net sales. “In fiscal 2015, P&G delivered strong, double-digit constant currency core EPS growth and very good free cash flow productivity of over 100% on modest organic sales growth”, said chairman, president, and […]
India: Coca-Cola implements first production cut in a decade
Coca-Cola has effected its first cut in production in India in over a decade following a number of months of poor sales, according to reports in Restaurant India and the Business Standard. In the peak summer season of April-June 2015, Coca-Cola reportedly saw a “mid single digit” drop in sales volumes from the previous year. […]