date:Aug 29, 2014
inventory levels settle.
While the companys business environment will remain challenging, we anticipate a gradual improvement in our sales growth, Deputy Chief Executive Officer and Chief Operating Officer Alexandre Ricard said in the statement.
Annual revenue totaled 7.95 billion euros, showing no growth on an organic basis. Currency fluctuations reduced sales by 6 percent.
Organic sales fell 23 per cent in China and declined 4 per cent overall in Asia and the rest of the world region, Perno