date:Aug 30, 2013
umes were most under pressure in Hungary, Romania, Germany and the Netherlands. The higher guaranteed price for raw milk could be passed-on, albeit with some delay due to existing contracts. The market share of most brands was under pressure. Operating profit fell to 48 million despite fixed costs being lower due to earlier reorganisations, cost management and reduced spending on advertising and promotion campaigns. Ways to adjust the organisation to difficult market conditions are being studied