Unilever South Central Europe, the company that controls theoperations of the Dero and Dove producer on eight Balkan marketsfrom Bucharest, slipped into the red in 2009, the first year ofdecline for the company's euro business, according to data in thecompany's balance sheet.
The local subsidiary of the FMCG Anglo-Dutch giant reported a750 million-RON (177 million-euro) turnover and a 12.6 million-RON(3 million-euro) loss in 2009, after posting a 3.4 million-RON (0.9million-euro) profit in 2008.
Financial results of USCE (Unilever South Central Europe)deteriorated back in 2008 - a year when the company posted analmost ten times lower profit than the 2007 value.
However, in an interview given to ZF in November last year,three months from his appointment at the helm of USCE, Belgian MarcDesenfans anticipated a profitable 2009 for the company.
At present around 75% of USCE's sales are made on the Romanianmarket, with the company having around 600 employees locally.
USCE's RON-denominated turnover rose by 6% last year against2008, but saw an around 9% decline in euros because of thedepreciation of the Romanian currency against the euro.
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