Issuer Ranking: European Consumer Goods Companies, Strongest To Weakest Jul 08

  • ID: 1819444
  • July 2008
  • Region: Europe
  • Standard & Poors
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  • AB Electrolux
  • BSH Hausgeraete GmbH
  • Diageo PLC
  • Imperial Brands PLC
  • Nutrinvestholding OJSC
  • SABMiller PLC
  • MORE

The first half of 2008 continued to see a tight balance between mergers and acquisitions (M&A) and shareholder distributions in this cash-generative sector. After a round of consolidation in the tobacco industry in 2007 and early 2008, the brewing and branded spirits segment is now driving M&A activity. These transactions primarily center on operating efficiency and can enhance companies' brand portfolios, helping to maximize opportunities in both mature and emerging markets. Furthermore, the debt markets remain open to funding these transactions, given the relatively noncyclical nature of the branded foods, beverages, and tobacco segments and the favorable liquidity characteristics of the large M&A-related debt issues. Operationally, Europe-based consumer goods companies have performed well since the start of the year. Among...

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Note: Product cover images may vary from those shown
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- British American Tobacco PLC
- Nestle S.A.
- Reckitt Benckiser PLC
- Unilever PLC
- Swedish Match AB
- LVMH Moet Hennessy Louis Vuitton S.E.
- AB Electrolux
- Danone
- SEB S.A.
- Roquette Freres
- Henkel AG & Co. KGaA
- Imperial Brands PLC
- FAGE International S.A
- Kering S.A.
- Diageo PLC
- Remy Cointreau S.A.
- Head N.V.
- Tate & Lyle PLC
- Agrokor d.d.
- Barry Callebaut AG
- Coca-Cola HBC AG
- Concern Kalina (JSC)
- L'Oreal S.A.
- IT Holding SpA
- Wimm-Bill-Dann Foods OJSC
- Safilo SpA
- SABMiller PLC
- Suedzucker AG
- Waterford Wedgwood PLC
- BSH Hausgeraete GmbH
- Foodcorp (Proprietary) Ltd.
- Pernod Ricard S.A.
- Central European Distribution Corp.
- JFC Group Holding Ltd. (BVI)
- Belvedere S.A.
- Anadolu Efes Biracilik ve Malt Sanayii AS
- Tereos Union de Cooperatives Agricoles
- Brand Development Inc.
- Nutrinvestholding OJSC
- Philip Morris International Inc.
- Cadbury PLC

Note: Product cover images may vary from those shown
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