Procter&Gamble CEO: double-digit growth in turnover is expected
The pressure exerted on the manufacturers spills over to consumer prices as well, inflation is reflected, among other things, in the fees spent on promotion and the increase in the cost of shelf service services. Gábor Berkó, the managing director responsible for Procter&Gamble’s commercial operation in Hungary, gave the reason for the Index.
“As a company manufacturing and operating in Hungary, the effects affecting the Hungarian economy also affect us, regardless of industry, such as high and accelerating inflation, increasing energy and logistics costs, especially the significant devaluation of the forint against the two leading currencies, the US dollar and the euro.”
– explained Gábor Berkó, who noted that the base currency of the company’s financial planning and accounting is the US dollar, so its disproportionate strengthening puts even greater burdens on the company, since their results are calculated in dollars.
Its sales and wholesale affairs are handled by Procter&Gamble Kkt., among other things, logistics and marketing activities belong to Procter&Gamble RSC Regionalis Szolgáltató Kft., Hyginett Kft. is responsible for two production plants in Hungary. In Csömör, women’s intimate hygiene products such as Always, Naturella, Discreet and Tampax are manufactured, while electric Oral-B toothbrushes and Braun razors start their conquering journey from the Gyöngyös plant.
Related news
BioTechUSA closed 2024 with record revenue, but growth rate slowed
The Hungarian-owned BioTechUSA group closed the year with a sales…
Read more >Significant community engagement and support from P&G in 2024
January 2025 – Procter&Gamble Hungary supported its domestic partner organizations…
Read more >Related news
Márton Nagy: Retail turnover growth is currently in the 4-5 percent range
This year is the year of economic breakthrough, with growth…
Read more >Food industry sales prices rose by 6.1 percent
In February 2025, industrial producer prices exceeded those of the…
Read more >Real wages are rising, confidence is growing, retail sales are increasing
The dynamic increase in wages continued in January, Sándor Czomba,…
Read more >