News and articles
The Buda Goose Liver Festival awits everyone with a royal feast
Date: 2012-05-09 12:10:03
For a weekend, anyone can feel as a king at the Buda Goose Liver Festival in the Castle of Buda, between 1-3 June. The special guest of the festival this...
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New coffeebrand in Budapest
Date: 2012-05-09 12:04:21
One of the most popular coffee brands of Spain has arrived to Hungary. Cofesa is manufactured by a family business is Andalusia. Now you can only test it at a...
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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...
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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...
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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...
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The EU is studying the decline in the number of bees
Date: 2012-05-09 11:27:42
The European Commission announced significant financial support to those studies that aims to explore the reasons and possible solutions to fight against bee health problems. The EU's executive body supports...
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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...
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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....
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Quota free Europe?
Date: 2012-05-08 14:10:25
This decade brings several novelties in the food production of the European Union. The new budget cycle, that will start in 2014 will bring several changes, the redistribution of the...
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GfK: The turnover of bakery products increase because of the price increases last year
Date: 2012-05-08 14:00:53
Due to the rise in prices, the turnover of bakery products have increased by about one tenth last year. According to the GfK market research institute, a Hungarian households typically...
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Analysts said that the weak Hungarian industrial production corresponds to the European trend
Date: 2012-05-08 13:50:06
According to analysts polled by MTI, the KSH data published in March about the weak industrial production corresponds to the European trend. The analysts expect 1.5 to 2.5 percent industrial...
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Effective action against dangerous products
Date: 2012-05-08 12:10:52
“Less dangerous product enter the EU market. But we must continue to work, so the construction of a permanent monitoring system will remain paramount importance” – said John Dalli Health...
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Large chains are targeting the music market
Date: 2012-05-08 12:10:10
The big chains are discovering newer and more and more surprising markets worldwide. It is not enough that we do the shopping in them (or via their webshop), some of...
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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...
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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...
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Chinese luxury brands are emerging
Date: 2012-05-08 12:00:14
On the dynamic growing Chinese luxury market, beside the big Western brands, Chinese brands will also have a growing role in the near future – predict the researchers of the...
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The new issue of Trade magazin is out now
Date: 2012-05-08 11:42:40
The new, May issue of Trade magazin is out now. You can read the articles online and also on your mobile device. Here you can go through the entire magazine...
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The pándi cherry and the kécskei rosepeach can be seen on stamps
Date: 2012-05-08 11:00:29
Two native fruits, the pándi cherry and the kécskei rosepeach can be seen on the newest stamp series of the Hungarian Post. On the 185 HUF denomination stamp the pándi...
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The National Wine Competition will be held in Zala county
Date: 2012-05-08 10:05:06
The 33rd National Wine Competition will be held in the Zala Wine Region, between May 15 and 16 – told the organizer, the National Council of Wine Communities (HNT) to...
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GfK: retail sales increased in Europe, declined in Hungary this year
Date: 2012-05-07 14:14:12
The GfK market research institute lists Ireland, Portugal, Spain Italy, and Hungary among those countries, where retail sales will reduce this year, because of the debt crisis and the austerity...
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Poultry Product Council: sell the eggs in one kilogram packages
Date: 2012-05-07 13:40:32
The Rural Development Ministry (VM) told [origo] that they support the idea, that in the future, eggs to be sold in kilograms not in pieces. The Poultry Council initiated in...
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A professional organization is forming in the domestic retail
Date: 2012-05-07 13:30:36
The creation of a professional organization containing primarily Hungarian-owned chains is on the agenda for months. According to the informations of Népszabadság, the two largest national chains, the CBA and...
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Government decision is under preparation in order to boost the food industry
Date: 2012-05-07 13:25:39
The range of food businesses, which requires state intervention should be assessed. Restructuring loan schemes should also be developed to reach recovery – can be read in the government's draft...
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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...
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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...
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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...
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Online stores were forced to close in China
Date: 2012-05-07 11:20:30
Stores of nine online retailer's were closed down, because of corruption in China. The inspection of the Alibaba Group has found out, that the sellers bribed the employees of Taobao...
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Retail sales declined in the Czech Republic
Date: 2012-05-07 10:50:19
In March, retail sales fell by 0.3 percent in the Czech Republic, compared to the datas of the previous year – the Czech Statistical Office announced on Monday. In February,...
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Business sentiment in the euro area is on its 2.5 years nadir
Date: 2012-05-07 10:41:40
The business sentiment indicator fell to the two and a half year low point in the euro area in May – shows the data of the German Sentix economic research...
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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...
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