Danone expects difficult 2015

Danone expects difficult 2015

French dairy manufacturer Danone expects 2015 to have a lower turnover compared to 2014, when it still managed a turnover increase of 5 % despite a sizable profit drop.

Exchange rate fluctuations

Danone's 2014 turnover reached 21.1 billion euro, a 4.7 % increase compared to the year before. The profit dropped 20 % however, down to 1.1 billion euro, mainly because of negative exchange rate fluctuations and the fact that the European economy is still struggling.

 

These issues will still plague turnover and profits in 2015, according to Danone, and will result in lower numbers all around. Ignoring possible external agents, Danone forecasts a 4 - 5 % growth.

 

"Danone expects the economic situation will remain difficult and unstable in general. European consumer trends will prove fragile and maybe even deflationary, while emerging markets will be undermined by volatile exchange rates and difficulties normally found in larger markets", Belgian newspaper De Tijd quoted a press release.

Questions or comments? Please feel free to contact the editors


Hunkemöller wants to conquer Switzerland

17/08/2017

Dutch lingerie chain Hunkemöller aims to open a chain of physical stores in Switzerland, after having already opened a Swiss web shop in September 2016. The first physical store will open its doors in October.

Shoe brand Bally put up for sale

16/08/2017

Austrian investment firm JAB Holding wants to sell Swiss shoe brand Bally, hoping to get at least 600 million euro. The same company sold shoe brand Jimmy Choo not too long ago, as it wants to focus on its food brands henceforth.

Crocs loses patent battle

14/08/2017

Shoe manufacturer Crocs has lost a patent court case revolving around the shoe’s design. According to the American Patent & Trademark Office (USPTO), another company has had a similar design for much longer.

Coolcat's losses compound

14/08/2017

Dutch fashion chain Coolcat, part of entrepreneur Roland Kahn’s group, has not managed to lower its losses in 2016. On the contrary: its losses grew more than 50 % compared to the year before.

Zalando's growth once again surpasses 20 %

10/08/2017

German Zalando has achieved its 20 % growth target for the second quarter, but just barely. It still forecasts a 20 to 25 % growth for its full fiscal year.

Gucci files lawsuit against Forever 21

09/08/2017

Fashion label Gucci has decided to file a lawsuit against fashion chain Forever 21 in the United States. The case revolves around several pieces of clothing, all with a blue-red-blue or green-red-green ribbon. 

Back to top