• 1-800-526-8630U.S. (TOLL FREE)
  • 1-917-300-0470EAST COAST U.S.
  • +353-1-416-8900REST OF WORLD
Industry Report Card: Falling Inventories And Volatile Commodities Spell Uncertainty For Europe's Consumer Goods Industry Profits In 2009 Mar 09 Product Image

Industry Report Card: Falling Inventories And Volatile Commodities Spell Uncertainty For Europe's Consumer Goods Industry Profits In 2009 Mar 09

  • ID: 2035892
  • March 2009
  • Region: Europe
  • Standard & Poors

FEATURED COMPANIES

  • AB Electrolux
  • Brand Development Inc.
  • Diageo PLC
  • IT Holding SpA
  • Remy Cointreau S.A.
  • Suedzucker AG
  • MORE

Abstract
Unusually volatile trading in the fourth quarter of 2008 reduced revenue and earnings visibility for European manufacturers of branded consumer goods in 2009. Sales volumes for the quarter declined across the industry, as the scarcity of corporate credit left the retail sector and wholesalers unwilling to tie up cash in inventory around the 2008 year–end. It remains unclear whether volume and revenue declines posted in the fourth quarter of 2008 genuinely represent the extent of the decline in consumer demand, or whether the trend was exaggerated. Standard & Poor's Ratings Services maintains a base assumption of generally flat revenues in food, beverage, and tobacco in 2009, with potential for further revenue erosion in the more cyclical durable consumer goods segment....

Companies mentioned in this report are:
- AB Electrolux
- Imperial Tobacco Group PLC
- Diageo PLC
- Remy Cointreau S.A.
- Tate & Lyle PLC
- Coca-Cola HBC AG
- IT Holding SpA
- Safilo SpA
- Suedzucker AG
- Waterford Wedgwood PLC
- ESCADA AG
- Pernod Ricard S.A.
- JFC Group Holding Ltd. (BVI)
- Belvedere S.A.
- Tereos Union de Cooperatives READ MORE >

Note: Product cover images may vary from those shown

- AB Electrolux
- Imperial Tobacco Group PLC
- Diageo PLC
- Remy Cointreau S.A.
- Tate & Lyle PLC
- Coca-Cola HBC AG
- IT Holding SpA
- Safilo SpA
- Suedzucker AG
- Waterford Wedgwood PLC
- ESCADA AG
- Pernod Ricard S.A.
- JFC Group Holding Ltd. (BVI)
- Belvedere S.A.
- Tereos Union de Cooperatives Agricoles a Capital Variable
- Brand Development Inc.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

RELATED PRODUCTS