Austria's accession lowers food prices for consumers

Article Abstract:

Austria has joined the European Union (EU) which has meant lower food prices in the shops, but dairies are hit by low milk prices. Food retailers have cut prices for a number of foodstuffs. Dairies are paying less to farmers since they receive less from retailers, and there is concern that retailers may seek to rase prices and use cheaper imports. Beer prices have not fallen, although brewers can pay less for their raw materials. Savings made in this way are likely to be invested in advertising.

Grocery Stores, Supermarkets and Other Grocery (except Convenience) Stores, All Other Basic Organic Chemical Manufacturing, Industrial organic chemicals, not elsewhere classified, Liquid Membranes, Austria, Membrane filters

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Danone profits back on course

Article Abstract:

Danone has provisionally reported a 3% rise in profit to 3.52 billion French francs for 1994, when the company's turnover was up by 9.6% at 76.8 billion francs. Beer and mineral water sales were boosted by hot summer weather though pasta and groceries sales fell and were affected by price competition. Biscuit sales were stable. The company aims to increase the proportion of its sales coming from beyond Europe to 50%, and such sales rose to 7.8 billion francs from 4.6 billion francs in 1994.

Bottled Water, Bottled Water Manufacturing, Bottled and canned soft drinks, Macaroni and spaghetti, Macaroni, Spaghetti & Noodles, Dry Pasta Manufacturing, Pasta products, Bottled drinking water, Danone S.A. (France)

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German beer and food group Marz struggles against losses

Article Abstract:

In the financial year 1993 94, German brewery and food concern Gebruder Marz saw heavy losses, and has now agreed to sell off its Bavaria-St-Pauli-Brauerei operation. It hopes to return to profit by the end of 1994 95, establishing a stronger presence in the south German beer market and introducing more non-alcoholic drinks.

Gebruder Marz

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