Company and Personal News - Trademagazin

Besides increasing revenue Carlsberg is making loss
Date: 2012-05-11 11:58:41

Despite the increasing sales, Carlsberg’s after-tax profit turned negative in the first quarter of 2012. The Danish brewery beside 12.9 billion crowns (2.3 billion USD) turnover, recorded 76 million crowns...

One hundred previous job seekers will work in the new Tesco in Debrecen
Date: 2012-05-10 12:43:21

Hundreds of former long-term job-seekers got a job in the new Tesco store in Debrecen – announced Czomba Sándor, State Secretary of the National Economy Ministry responsible for Employment Policy,...

Veet: silky smooth skin with ease
Date: 2012-05-10 10:55:19

The hair removal expert, Veet ® came up with an innovative home waxing kit. Veet® EasyWax™ can be used easily. The novelty of professional hair removal thanks to its components...

Helly Hansen official supplier of 470 World Championships in Barcelona
Date: 2012-05-10 09:05:00

Helly Hansen has initiated in Spain collaboration with the Federacio Catalana de Vela. As a first result, Helly Hansen will be the Official Partner of the 470 Class World Championships...

The first development of the Gyermelyi Logistics Ltd. is ready
Date: 2012-05-09 12:15:08

The Gyermelyi Logistics Ltd. realized its first development with a 780 million HUF investment, of which 250 million was the EU funding – the company told MTI. MTI Photo: Kovács...

Sales rise 4.8 percent to 4,008 million euros (organic: +4.7%) Adjusted* operating profit: up 16.6 percent to 551 million euros Adjusted* EBIT margin: up 1.3 percentage points to 13.7% Adjusted* earnings per preferred share (EPS): up 19.2% to 0.87 euros Emerging markets again show above-average growth (+8.7%) Improved gross margin despite raw material price increases “Henkel had a good start to the fiscal year in spite of a challenging and volatile market environment. We achieved solid organic growth and substantially improved our profitability,” said Henkel CEO Kasper Rorsted. “All of our business sectors contributed to this achievement. Once again our emerging markets registered a strong development. Thus, we are confident of achieving our targets for 2012.” For the fiscal year 2012, Rorsted stated: “We expect that volatility and uncertainty will continue to influence our markets. Therefore, we will continue to adapt our structures and processes so that we can respond more quickly and flexibly than our competitors.” 2012 guidance confirmed Henkel confirmed its guidance for fiscal 2012. “We continue to expect organic sales growth to be between 3 and 5 percent. For our adjusted EBIT margin we anticipate an increase to 14 percent and for adjusted earnings per preferred share we expect an improvement of at least 10 percent.” Henkel’s sales in the first quarter of 2012 were at 4,008 million euros, an increase of 4.8 percent compared to the figure for the prior-year quarter. Organic sales, which exclude the impact of foreign exchange and acquisitions/divestments, again rose by 4.7 percent, a solid increase compared to the prior-year quarter. All three business sectors contributed to this development: The Laundry & Home Care business sector reported a solid organic growth rate of 4.5 percent, with Cosmetics/Toiletries also posting solid organic growth of 4.0 percent. The Adhesive Technologies business sector generated strong organic sales growth of 5.6 percent. This solid performance was supported in all three business sectors by price increases Henkel was able to implement thanks to its innovations and strong brands. After allowing for one-time gains, one-time charges and restructuring charges, adjusted operating profit improved by 16.6 percent, from 473 million euros to 551 million euros, with all three business sectors contributing. Reported operating profit (EBIT) increased by 25.2 percent, from 430 million euros to 538 million euros. Despite rising prices for raw materials and packaging, adjusted return on sales (EBIT margin) rose significantly by 1.3 percentage points, from 12.4 percent to 13.7 percent. Reported return on sales was 13.4 percent, following 11.2 percent in the comparative prior-year period. Financial result improved slightly to –36 million euros compared to the prior-year quarter (first quarter 2011: –37 million euros). At 24.7 percent, the tax rate was 1.5 percentage points below the figure for the prior-year period (26.2 percent). Net income for the quarter improved by 30.3 percent, from 290 million euros to 378 million euros. After deducting 9 million euros attributable to non-controlling interests, quarterly net income amounted to 369 million euros (prior-year quarter: 285 million euros). Adjusted net income for the quarter after deducting non-controlling interests was 377 million euros compared to 314 million euros in the prior-year quarter. Earnings per preferred share (EPS) rose from 0.66 euros to 0.86 euros. The adjusted figure was 0.87 euros compared to 0.73 euros in the first quarter of 2011. The ratio of net working capital to sales was 8.0 percent, remaining at the level of the prior-year quarter. Net debt was further reduced to 1,159 million euros (March 31, 2011: 1,874 million euros). Sales and profits forecast 2012 Henkel continues to expect organic sales growth of between 3 and 5 percent for fiscal 2012. Henkel is confident of continuing the positive growth trend posted by its consumer goods businesses, with sales expanding in the low single-digit percentage range. For the Adhesive Technologies business sector, Henkel expects sales to grow in the mid single-digit percentage range. Henkel confirms its forecast for an adjusted return on sales (EBIT) of 14 percent (2011: 13.0 percent) and for an increase in adjusted earnings per preferred share of at least 10 percent (2011: 3.14 euros). This guidance is based on anticipated increases in Henkel’s selling prices and the ongoing adaptation of its structures to the constantly changing market conditions. Through these activities and the maintenance of its strict cost discipline, Henkel intends to more than offset the effects of increased raw material costs on its earnings. * Adjusted for one-time charges/gains and restructuring charges This document contains forward-looking statements which are based on the current estimates and assumptions made by the corporate management of Henkel AG & Co. KGaA. Forward-looking statements are characterized by the use of words such as expect, intend, plan, predict, assume, believe, estimate, anticipate, forecast and similar formulations. Such statements are not to be understood as in any way guaranteeing that those expectations will turn out to be accurate. Future performance and the results actually achieved by Henkel AG & Co. KGaA and its affiliated companies depend on a number of risks and uncertainties and may therefore differ materially from the forward-looking statements. Many of these factors are outside Henkel’s control and cannot be accurately estimated in advance, such as the future economic environment and the actions of competitors and others involved in the marketplace. Henkel neither plans nor undertakes to update forward-looking statements.
Date: 2012-05-09 12:00:14

“Henkel had a good start to the fiscal year in spite of a challenging and volatile market environment. We achieved solid organic growth and substantially improved our profitability,” said Henkel...

Egervin found a new owner
Date: 2012-05-09 11:55:21

After ten unsuccessful applications the Integrált Borgazdasági Zrt. (former Egervin), the former flagship winery in Eger found a new owner – told the company’s commissioner liquidator Szűcs Zoltán, on Wednesday...

MasterCard launches an open payment service
Date: 2012-05-09 11:55:14

On Tuesday, Mastercard announced PayPass Wallet Services a new global offering for banks, merchants and partners that will make it faster and easier for their customers to make purchases in stores...

Szöllősi Winery’s bottling plant was inaugurated
Date: 2012-05-09 11:23:57

The Szöllősi Winery inaugurated its bottling plant and storage cellar on Wednesday, in Neszmély, Komárom-Esztergom county from 120 million HUF. The New Hungary Rural Development Program gave 51 million HUF...

Pepsi’s recipe may be disclosed by the inventor’s heirs
Date: 2012-05-09 11:00:12

The heirs of the man who helped develop the formula for Pepsi are suing the soda company over their right to share with the public documents detailing their father’s invention....

New Research Director at GfK
Date: 2012-05-08 12:09:10

A new research director arrived to GfK in early April. The new leader has a nearly 10 years of practical experience on the field of market research. Rádi Zsuzsanna joined...

Medve Mesterfogás – A brand new product category from Pannontej
Date: 2012-05-08 12:08:15

Pannontej Zrt. is the popular leading manufacturer of cheese brands such as Medve, Pannónia, Tihany and Karaván cheese. The company's long-term success is the high-quality traditional market leader cheeses and...

Kraft Food and TerraCycle work together for sustainability
Date: 2012-05-07 12:20:51

Kraft Foods, the number one food and beverage company in North America, announced a new partnership with TerraCycle, an upstart upcycling company that takes packages and materials that are challenging...

Henkel shows latest innovations at the Drupa 2012 fair
Date: 2012-05-07 11:43:45

Henkel will be showcasing its complete portfolio of products and technologies for the printing and packaging industries at Drupa 2012 from May 3 to 16 in Düsseldorf. The global leader...

Program begins to collect chocolate packaging materials
Date: 2012-05-07 11:40:21

Kraft Foods Hungária Kft. the distributor of Milka launches a program to collect chocolate packaging materials for the first time in Hungary. In the scope of the action, called the...

A new era in employment
Date: 2012-05-06 20:09:35

The new Labour Law is to enter into force on 1 July 2012, making significant changes in the relationship between employers and employees. One of the changes is that in...

Profi: improving the level of retail
Date: 2012-05-06 20:02:06

Profi Magyarország Zrt.’s owner is the Louis Delhaize Group. Profi appeared on the Hungarian market in 1989, establishing a food discount store chain from wholesale warehouses. Some of their units...

Csemege-Match: quality groceries – comfortably
Date: 2012-05-06 19:59:47

Csemege-Match Kereskedelmi Zrt. is a member of the Louis Delhaize Group. Their Hungarian network consists of 113 stores with a floor space of 300-2,500m² and they have more than 2,000...

Auchan: Hungarian products is the way to go
Date: 2012-05-06 19:46:58

French retail group Auchan opened its first Hungarian store in 1998 and currently has 12 units and 11 boutique rows, employing 5,600 people. Auchan Hungary’s turnover was HUF 230 billion...

Lidl: more than 150 stores
Date: 2012-05-06 19:44:41

Lidl operates Europe’s biggest food discount store chain that is present in 27 countries. Lidl entered Hungary in 2004 with 12 stores and a logistics centre. Today they have 152...

With two new central warehouses Reál plans expansion
Date: 2012-05-06 19:41:31

Reál’s turnover in 2011 was similar to their 2010 performance – the moderate growth was the result of inflation. At the end of the year Reál decided to build two...

SPAR Hungary celebrated twenty years last year
Date: 2012-05-06 19:38:06

SPAR Hungary expanded further in 2011 and an important element of this expansion was the refurbishment of another 27 former Plus stores. Two new units also opened, one of them...

CBA: Príma and Cent came to the rescue
Date: 2012-05-06 19:30:50

In 2011 the CBA network’s turnover was HUF 565 billion, surpassing the HUF 555 billion performance of 2010 despite the recession. CBA still has the most units among Hungarian chains,...

dm-drogerie markt is in top form
Date: 2012-05-06 19:30:29

The first Hungarian dm store opened in Budapest in July 1993. Currently they have 256 units all over Hungary and employ 2,251 people. In the 2010/11 fiscal year dm’s turnover...

Tesco’s revenue was above 700 billion
Date: 2012-05-06 19:27:10

In the 2011-12 fiscal year Tesco Hungary’s turnover augmented by 6 percent, thanks to innovations and to increasing the number of their services. Tesco Hungary’s gross revenue was HUF 705.2...

The logistics center of Alföld Pro-Coop was implemented from half-billion HUF
Date: 2012-05-04 13:08:10

The storehouse base of the Alföld Pro-Coop Zrt. is ready with a 462 million HUF investment in Kecskemét. The European Union supported the project with 161.8 million HUF. With the...

The Gallicoop turkey processor is crisis resistant
Date: 2012-05-04 12:13:29

The determining Hungarian poultry company, the Gallicoop Pulykafeldolgozó Zrt. based in Szarvas closed last year with a 31 billion HUF revenue. That means a 13.6 percent sales increase, compared to...

Hey-Ho’s manufacturer requests bankruptcy protection
Date: 2012-05-04 12:05:50

The manufacturer of Hey-Ho fruit juice, the First Hungarian Fruit Processing and Fruit Juice Manufacturing Inc. (Elma) asked for bankruptcy protection. The company has been profitable even in 2010,its turnover...

Pepsi pays tribute to Michael Jackson
Date: 2012-05-04 11:27:53

Soon Pepsi cans will appear on the shelves of the stores with the face of the king of pop. Pepsi pays tribute this way to Michael Jackson celebrating the 25th...

Tesco has agreed with the trade unions on the wages of cashiers
Date: 2012-05-04 10:40:28

The satisfaction of its employees is important for the supermarket chain, and therefore Tesco will pay the same amount of rate collated with the trade unions. Tesco has agreed with...

Besides increasing revenue Carlsberg is making loss Date: 2012-05-11 11:58:41

One hundred previous job seekers will work in the new Tesco in Debrecen Date: 2012-05-10 12:43:21

Veet: silky smooth skin with ease Date: 2012-05-10 10:55:19

Helly Hansen official supplier of 470 World Championships in Barcelona Date: 2012-05-10 09:05:00

The first development of the Gyermelyi Logistics Ltd. is ready Date: 2012-05-09 12:15:08

Egervin found a new owner Date: 2012-05-09 11:55:21

MasterCard launches an open payment service Date: 2012-05-09 11:55:14

Szöllősi Winery’s bottling plant was inaugurated Date: 2012-05-09 11:23:57

Pepsi’s recipe may be disclosed by the inventor’s heirs Date: 2012-05-09 11:00:12

New Research Director at GfK Date: 2012-05-08 12:09:10

Medve Mesterfogás – A brand new product category from Pannontej Date: 2012-05-08 12:08:15

Kraft Food and TerraCycle work together for sustainability Date: 2012-05-07 12:20:51

Henkel shows latest innovations at the Drupa 2012 fair Date: 2012-05-07 11:43:45

Program begins to collect chocolate packaging materials Date: 2012-05-07 11:40:21

A new era in employment Date: 2012-05-06 20:09:35

Profi: improving the level of retail Date: 2012-05-06 20:02:06

Csemege-Match: quality groceries – comfortably Date: 2012-05-06 19:59:47

Auchan: Hungarian products is the way to go Date: 2012-05-06 19:46:58

Lidl: more than 150 stores Date: 2012-05-06 19:44:41

With two new central warehouses Reál plans expansion Date: 2012-05-06 19:41:31

SPAR Hungary celebrated twenty years last year Date: 2012-05-06 19:38:06

CBA: Príma and Cent came to the rescue Date: 2012-05-06 19:30:50

dm-drogerie markt is in top form Date: 2012-05-06 19:30:29

Tesco’s revenue was above 700 billion Date: 2012-05-06 19:27:10

The logistics center of Alföld Pro-Coop was implemented from half-billion HUF Date: 2012-05-04 13:08:10

The Gallicoop turkey processor is crisis resistant Date: 2012-05-04 12:13:29

Hey-Ho’s manufacturer requests bankruptcy protection Date: 2012-05-04 12:05:50

Pepsi pays tribute to Michael Jackson Date: 2012-05-04 11:27:53

Tesco has agreed with the trade unions on the wages of cashiers Date: 2012-05-04 10:40:28