Flat Year for GfK

GfK's sales have dipped back below the EUR 1.5 billion mark, not helped by a strengthening of the currency: the 2013 figure fell by 1.3%, from EUR 1.514bn in 2012 to EUR 1.495bn in 2013 despite modest organic growth of 0.8%. Adjusted operating income crept up by 1.5% to EUR 190m.

The group's two business sectors had differing fortunes: the 'high-margin' Consumer Choices sector saw sales before currency effects and acquisitions up by 3.7%, while in the Consumer Experiences division, sales fell 1.3% in organic terms.

Growth of 4.6% in the central and eastern Europe and Middle East, Turkey and Africa (META) region was offset by declines across northern, southern and western Europe, as well as north America and Asia Pacific. In Latin America, sales edged up just 0.1%.

GfK - which is led by CEO Matthias Hartmann (pictured) - will publish its full annual financial statements and the outlook for 2014 on 12th March.

Web site: www.gfk.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.

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