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Name ID No.
Nipa Acharjee 18126
Mustafa Al Maruf 18143
Md. Najmul Hossain 18149
Tafsir Ahmed 18156
Md. Tuhin Hossain 18157
ZannatunTazry 18190
S M Zahid Hasan 18111
Quamrul Islam 18115
Shafiqul Islam 18141
Saidul Islam 18182
Biplob Chandra Das 18185
Sumi Akter 18211
Group Profile
WESTERN EUROPE COUNTRIES
Austria Belgium Denmark Finland France
Germany Ireland Italy Netherlands Spain
Sweden Switzerland
United
Kingdom
Economic Conditions of Western
European Countries
• The unemployment rate of Western Europe is high
because of recession occurs in western Europe. For
example the unemployment of France in 2003-2014 is
10.4%
• The rate of GDP Growth is high in western European
countries. For example the rate of GDP Growth in
Austria is 13.2 in 2005-2014 fiscal years.
• The income level is high in Western Europe and so their
standard of living is high. For example the per capital
GDP in Netherlands is 34,900 Euro.
• Western Europeans have more cars per person than
Americans
Economic condition
• Ireland has the highest Real GDP growth of 4.8%
amongst the rest of the Western European
countries.
• France has the lowest Real GDP of about 0.4%
growth.
• United Kingdom has the highest rate of inflation
of 1.5%
• Spain has the highest number of unemployment
rate of 24.3 %
• Germany has the lowest number of
unemployment rate of 5.0 %
GDP Growth Rate
Countries GDP Growth
Rate
Reference Previous Highest Lowest
Austria 0.00 Nov/14 -0.30 1.60 -1.80
Belgium 0.20 Nov/14 0.30 15.80 -2.20
Denmark 0.40 Nov/14 0.40 3.89 -2.42
Finland -0.20 Nov/14 0.10 5.00 -6.30
France 0.10 Nov/14 0.30 1.60 -1.70
Germany 0.70 Nov/14 0.10 2.10 -3.70
Ireland 0.20 Nov/14 0.40 5.50 -4.30
Netherlands 0.50 Nov/14 0.20 2.00 -2.20
Portugal 0.50 Nov/14 0.30 3.30 -2.60
Switzerland 0.60 Nov/14 0.70 1.90 -2.20
United
Kingdom
0.50 Nov/14 0.70 5.00 -2.70
Nipa Acharjee
ID: 18126
Political environment
• Here are all social democracies to varying degrees (a democracy
with a strong safety net by social welfare -- not the same as
socialism). Most of them are:
1. Parliamentary (except France, Romania, and Finland)
2. Unitary (except Germany, Belgium, Switzerland, and
Austria)
Western European governments are generally evenly split
between republics (where the head of state is appointed or
elected) and constitutional monarchies (where the head of state is
selected by hereditary descent). In Eastern Europe, all EU
members are republics.
Political environment
• Republics: Iceland, Ireland,
Portugal, France, Germany,
Switzerland, Austria, Italy, San
Marino, and Malta.
• Constitutional monarchies: United
Kingdom of Great Britain and
Northern Ireland, Spain, Andorra,
Monaco, the Netherlands, Belgium,
Luxembourg, Denmark, Norway,
and Sweden.
Business culture
Similarities in Western European business culture
• All six countries have the Euro as their common
currency.
• They are all within the same time zone (CET: 0).
• The political and economic structures are relatively
stable.
• The transport infrastructure and public transportation
schedules are well developed and maintained.
• The educational systems are also compatible with a
high level of educated work force.
Business culture
• When it comes to business etiquette, these
countries tend to favor formal arrangements
where documentation and formalities are
preferred over personal relationships in business.
• Punctuality in Western European countries tends
to be valued.
• The most common social media network used for
private purposes is Facebook.
Md. Tuhin Hossain
ID: 18157
Business culture
Differences in Western European business culture
• When addressing someone formally in a work setting, location
should be born in mind to avoid offence. In Austria, France,
Germany and Luxembourg it is common to use the complete
title of a person together with his last name to address him or
her. However, in Belgium and the Netherlands this is not the
case – rather, the title is not necessary, only the name.
Business culture
• Most of the individuals in these countries could speak
English as their business language as well as German.
However, in France, an effort to speak French is
appreciated since it is considered to be a major part of the
national culture.
• Another example of differences can be found in the use of
social media networks for business purposes.
While LinkedIn is one of the
primary professional social
networks in Luxemburg and the
Netherlands, Germanys’ most used
business network is called Xing and
in France it is Viadeo.
Demographic information
• Germany has the highest number of population
compared to other western European countries.
(Nearly 81,799,600)
• Netherlands has the highest population density of
about 498 people per km²
• Spain has highest number of population increase
over last 10 years. (Increase of about 13.00% of
the total population)
Sumi Akter
ID: 18211
PESTEL Analysis
P
• actions against over-consumption
• restrictions by government (prohibition, taxes..)
E
• cost reduction
• economy crisis
S
• health and fitness
• demand for flavored beers
T
• increase in efficiency
• centralization of production and administration
E
• acquisition and mergers
• lower pollution, green companies
L
• restrictions in advertising
• Tax burden
5-force Analysis
Threat of entry
low threat
capital intensive
loyal customers
Threat of
substitutes
wine and licker,
soft drinks
Power of buyer
loyal customers
switch from on-
trade to off-trade
switch to
substitute
Power of
suppliers
packaging
suppliers
row materials
energy suppliers
Competitive
rivalry
low product
differentiation
acquisitions and
strategic alliances
big competitive
rivalry
Strengths, Weaknesses & Recommendations
25
• long tradition
• clear strategy
• centralized production
• operating own pubs
Strengths
• not flexible
• shift from on-trade to off-trade
• wide portfolio
Weaknesses
• stay innovative
• focus on off-trade
• don't expand portfolio
• focus on marketing, promotion and innovation
Recommendations
Shafiqul Islam
ID: 18141
Company Overview
Name Unilever LTD.
Type Dual-listed
Industry Consumer goods
Predecessor Lever Brothers
Margarine Unie
Founder  Antonius Johannes Jurgens
 William Lever, 1st Viscount
Leverhulme
 James Darcy Lever
 Samuel van den Bergh
Georg Schicht
Headquarters UnileverN.V. Rotterdam, Netherlands
Unilever House, London, United Kingdom
Market Situation (PEST)
Political
• Unilever is subject to the local control of the imports of goods, employment of
expatriates and the pricing set and others.
Political
• Unilever do not get involved with sponsoring in any political parties.
Political
• Unilever uses their own tactical strategy and experience to gain ground in the
political environment.
Political
• Unilever has developed company strategies to ensure its profitability drive in
sustaining its place.
Political
Economic
 The competition in the EU arena has risen
and been strong thus making Unilever
having difficulties in country like in France
and Netherlands.
As for the Fast Moving Consumer
Goods (FMCG) been asking the
producers to reduce prices on their
products as consumer would not be
buying goods or brands that are priced
higher as due to the current situation in
the economy tide.
There are many hindrances in the
European market as a result from the
European Union free trade policies.
Market Situation (PEST)
S M Zahid Hasan
ID: 18111
SWOT analysis (Strength)
• Great contacts with other major
markets.
Quality of the
products having its
reputation
Enormous organization
SWOT Analysis
SWOT analysis (Threats)
•A large proportion of Unilever’s
products are premium brands aimed at
consumers with relatively high levels
of disposable income.
Broad product portfolio
Increased financial uncertainty might lead
households to move away from the brand
Biplob Chandra Das
ID: 18-185
OVERVIEW
• Company Name: Vodafone Group Plc
• Company Type: Telecommunications company
• Founded: September 16, 1991,Newbury, United
Kingdom
• Market Position : 3rd Ranked in FTSE and
London stock Exchange
• Turnover: £92 billion as of November 2010
• Founders: Ernest Harrison, Garry Whent
• Area Served : Over 65 countries
Vodafone PEST Analysis
Political factors
government intervention through legislation
EU Roaming Regulation
Increasing level of consumer rights
within Europe
Regulatory Framework made by EU
Economic factors
• The growth of GDP
• Level of inflation
rate within markets
• Global economic
issues like the
global financial
crisis of 2007-2010
Social factors
• Changing work patterns
• Relying in communication
technologies
• Change in lifestyle
• People of different age
Technological factors
• Technological Innovation
• emergence of alternative
means of communication
• Market competitions
• Availability of technologies
Vodafone PEST Analysis (cont..)
Md. Saidul Islam
ID: 18-182
SWOT Analysis
Strengths
• Diversified geographical portfolio
with strong mobile
telecommunications operations.
• Network infrastructure
• Leading presence in emerging
markets.
• Adaptation to local market needs
Weakness
• Negative return on assets (ROA)
underperform key competitors like
AT&T, BT Group, Deutsche
• No Network in Rural Areas
• Most of the Business generated
solely on Europe
• Weak US presence
SWOT Analysis
Opportunities
• Focus on cost reductions improving
returns.
• Research and development of new
mobile technologies, increasing 3G
and 4G coverage.
• Good Tariff packages was also
applauded by most commentators.
• Vodafone’s escalating share price
Threats
• Highly competitive market.
• Still lags behind major competitors
in the US.
• Extremely high penetration rates in
key market areas.
• Twenty first century challenges,
government auctioning licenses to
third generation
Md. Najmul Hossain
ID: 18149
Company Overview
Name Rolls Royce Motors
Parent Company BMW
Category Luxury Cars
Sector Automobile
Tagline Trusted to deliver excellence; Like
nothing else on earth
USP Premium status with exclusivity
worldwide
Competitors 1. Maybach
2. Limousine
3. Mercedes
Target Group Only the rich & affluent, also Rolls
Royce chooses who their customer
will be
Market trends affecting Rolls-Royce
• Rolls–Royce was rescued by being nationalized by a
Conservative government when the firm reached its
nadir in 1971. Margaret Thatcher privatized it in 1987,
when Rolls–Royce’s engines were then used by only a
handful of airlines. There was a trend that the engine
market would be dominated by GE and Pratt &
Whitney. After that, the core of the firm's strategy had
been to increase the number of its engines powering the
world's civil jets.
Market trends affecting Rolls-Royce
• There was a trend that defense spending would be
reduced after 1987, which was the edge of the end of
cold war. Growth in civil business was doubly
important because Rolls-Royce was badly hit by the fall
of the Soviet Union—at which time defense accounted
for 60% of its revenues (The Economist, 2005).
• Government began to reduce defense spending, thus
Rolls–Royce got less orders from the military. Worse
for the firm, British Airways, which was Rolls–Royce’s
old customer, equipped its new Boeing 777 wide-body
planes with GE engines (The Economist, 2005). From
then on, Rolls-Royce tried its best to get its engines on
the wings of big airlines around the world.
Quamrul Islam
ID:18115
Company Overview
Name Mercedes-Benz
Type Division
Industry Manufacturing
Tagline The best or nothing.
Predecessor Benz & Cie. (1883-1926)
DMG (1890-1926)
Founder Karl Benz and Gottlieb Daimler
Headquarters Stuttgart, Germany
Products Automobiles
Trucks
Buses
Internal combustion engines
Luxury vehicles
Services Financial services
automobile repair
Mercedes-Benz market share
Mercedes-Benz Cars Sales
Zannatun Tazry
ID: 18190
Overview
Industry Food processing
Founded
Anglo-Swiss Condensed Milk
Company (1866)
Farine Lactée Henri Nestlé (1867)
Nestlé and Anglo-Swiss Condensed
Milk Company (1905)
Founder
Henri Nestlé, Charles Page, George
Page
Headquarters Vaud, Switzerland
Area served Worldwide
Products
Baby food, coffee, dairy products,
breakfast cereals, confectionery, bottled
water, ice cream, pet foods (list...)
Revenue CHF 92.16 billion (2013)
Operating income CHF 13.07 billion (2013)
Profit CHF 10.02 billion (2013)
PEST analysis of NESTLE
Mustafa Al Maruf
ID: 18143
Market Share
Nestlé employs approximately 253,000 people in
some 511 factories worldwide. Nestlé is not only
Switzerland's largest industrial company, but also
the world's largest food company, considerably
larger of than its nearest rivals Kraft Foods Inc.
and Unilever plc. With products like Perrier and
Nescafé, it is the market leader worldwide in
coffee and mineral water, the largest manufacturer
of pet food, and is fast increasing its share of the
ice cream market.
Nestlé's Corporate Business Principles
1. Nutrition, Health and Wellness
2. Quality Assurance and product safety
3. Consumer Communication
4. Human rights in our business activities
5. Leadership and personal responsibility
6. Safety and health at work
7. Supplier and customer relations
8. Agriculture and rural development
9. Environmental sustainability
10. Water
Conclusion
• Western Europe is the Group’s largest market for
consumer durables and professional products. Western
Europe is made up of many countries and language
areas, which has resulted in widely varying consumer
patterns and the establishment of a large number of
appliance manufacturers, brands and retailers. The low
degree of consolidation is one reason for overcapacity
and price pressure in the industry. Around 65 per cent of
sales of Professional Products occur in Western Europe,
with strong positioning in restaurants, hospitals and
commercial laundries. Despite the weak macroeconomic
trend, the market for built-in appliances continues to
experience long term growth.

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Market place of western europe

  • 1. 5
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  • 6.
  • 7. Name ID No. Nipa Acharjee 18126 Mustafa Al Maruf 18143 Md. Najmul Hossain 18149 Tafsir Ahmed 18156 Md. Tuhin Hossain 18157 ZannatunTazry 18190 S M Zahid Hasan 18111 Quamrul Islam 18115 Shafiqul Islam 18141 Saidul Islam 18182 Biplob Chandra Das 18185 Sumi Akter 18211 Group Profile
  • 8. WESTERN EUROPE COUNTRIES Austria Belgium Denmark Finland France Germany Ireland Italy Netherlands Spain Sweden Switzerland United Kingdom
  • 9. Economic Conditions of Western European Countries • The unemployment rate of Western Europe is high because of recession occurs in western Europe. For example the unemployment of France in 2003-2014 is 10.4% • The rate of GDP Growth is high in western European countries. For example the rate of GDP Growth in Austria is 13.2 in 2005-2014 fiscal years. • The income level is high in Western Europe and so their standard of living is high. For example the per capital GDP in Netherlands is 34,900 Euro. • Western Europeans have more cars per person than Americans
  • 10.
  • 11. Economic condition • Ireland has the highest Real GDP growth of 4.8% amongst the rest of the Western European countries. • France has the lowest Real GDP of about 0.4% growth. • United Kingdom has the highest rate of inflation of 1.5% • Spain has the highest number of unemployment rate of 24.3 % • Germany has the lowest number of unemployment rate of 5.0 %
  • 12. GDP Growth Rate Countries GDP Growth Rate Reference Previous Highest Lowest Austria 0.00 Nov/14 -0.30 1.60 -1.80 Belgium 0.20 Nov/14 0.30 15.80 -2.20 Denmark 0.40 Nov/14 0.40 3.89 -2.42 Finland -0.20 Nov/14 0.10 5.00 -6.30 France 0.10 Nov/14 0.30 1.60 -1.70 Germany 0.70 Nov/14 0.10 2.10 -3.70 Ireland 0.20 Nov/14 0.40 5.50 -4.30 Netherlands 0.50 Nov/14 0.20 2.00 -2.20 Portugal 0.50 Nov/14 0.30 3.30 -2.60 Switzerland 0.60 Nov/14 0.70 1.90 -2.20 United Kingdom 0.50 Nov/14 0.70 5.00 -2.70
  • 14. Political environment • Here are all social democracies to varying degrees (a democracy with a strong safety net by social welfare -- not the same as socialism). Most of them are: 1. Parliamentary (except France, Romania, and Finland) 2. Unitary (except Germany, Belgium, Switzerland, and Austria) Western European governments are generally evenly split between republics (where the head of state is appointed or elected) and constitutional monarchies (where the head of state is selected by hereditary descent). In Eastern Europe, all EU members are republics.
  • 15. Political environment • Republics: Iceland, Ireland, Portugal, France, Germany, Switzerland, Austria, Italy, San Marino, and Malta. • Constitutional monarchies: United Kingdom of Great Britain and Northern Ireland, Spain, Andorra, Monaco, the Netherlands, Belgium, Luxembourg, Denmark, Norway, and Sweden.
  • 16. Business culture Similarities in Western European business culture • All six countries have the Euro as their common currency. • They are all within the same time zone (CET: 0). • The political and economic structures are relatively stable. • The transport infrastructure and public transportation schedules are well developed and maintained. • The educational systems are also compatible with a high level of educated work force.
  • 17. Business culture • When it comes to business etiquette, these countries tend to favor formal arrangements where documentation and formalities are preferred over personal relationships in business. • Punctuality in Western European countries tends to be valued. • The most common social media network used for private purposes is Facebook.
  • 19. Business culture Differences in Western European business culture • When addressing someone formally in a work setting, location should be born in mind to avoid offence. In Austria, France, Germany and Luxembourg it is common to use the complete title of a person together with his last name to address him or her. However, in Belgium and the Netherlands this is not the case – rather, the title is not necessary, only the name.
  • 20. Business culture • Most of the individuals in these countries could speak English as their business language as well as German. However, in France, an effort to speak French is appreciated since it is considered to be a major part of the national culture. • Another example of differences can be found in the use of social media networks for business purposes. While LinkedIn is one of the primary professional social networks in Luxemburg and the Netherlands, Germanys’ most used business network is called Xing and in France it is Viadeo.
  • 21. Demographic information • Germany has the highest number of population compared to other western European countries. (Nearly 81,799,600) • Netherlands has the highest population density of about 498 people per km² • Spain has highest number of population increase over last 10 years. (Increase of about 13.00% of the total population)
  • 23. PESTEL Analysis P • actions against over-consumption • restrictions by government (prohibition, taxes..) E • cost reduction • economy crisis S • health and fitness • demand for flavored beers T • increase in efficiency • centralization of production and administration E • acquisition and mergers • lower pollution, green companies L • restrictions in advertising • Tax burden
  • 24. 5-force Analysis Threat of entry low threat capital intensive loyal customers Threat of substitutes wine and licker, soft drinks Power of buyer loyal customers switch from on- trade to off-trade switch to substitute Power of suppliers packaging suppliers row materials energy suppliers Competitive rivalry low product differentiation acquisitions and strategic alliances big competitive rivalry
  • 25. Strengths, Weaknesses & Recommendations 25 • long tradition • clear strategy • centralized production • operating own pubs Strengths • not flexible • shift from on-trade to off-trade • wide portfolio Weaknesses • stay innovative • focus on off-trade • don't expand portfolio • focus on marketing, promotion and innovation Recommendations
  • 27.
  • 28. Company Overview Name Unilever LTD. Type Dual-listed Industry Consumer goods Predecessor Lever Brothers Margarine Unie Founder  Antonius Johannes Jurgens  William Lever, 1st Viscount Leverhulme  James Darcy Lever  Samuel van den Bergh Georg Schicht Headquarters UnileverN.V. Rotterdam, Netherlands Unilever House, London, United Kingdom
  • 29. Market Situation (PEST) Political • Unilever is subject to the local control of the imports of goods, employment of expatriates and the pricing set and others. Political • Unilever do not get involved with sponsoring in any political parties. Political • Unilever uses their own tactical strategy and experience to gain ground in the political environment. Political • Unilever has developed company strategies to ensure its profitability drive in sustaining its place. Political
  • 30. Economic  The competition in the EU arena has risen and been strong thus making Unilever having difficulties in country like in France and Netherlands. As for the Fast Moving Consumer Goods (FMCG) been asking the producers to reduce prices on their products as consumer would not be buying goods or brands that are priced higher as due to the current situation in the economy tide. There are many hindrances in the European market as a result from the European Union free trade policies.
  • 32. S M Zahid Hasan ID: 18111
  • 33. SWOT analysis (Strength) • Great contacts with other major markets. Quality of the products having its reputation Enormous organization
  • 35. SWOT analysis (Threats) •A large proportion of Unilever’s products are premium brands aimed at consumers with relatively high levels of disposable income. Broad product portfolio Increased financial uncertainty might lead households to move away from the brand
  • 37.
  • 38. OVERVIEW • Company Name: Vodafone Group Plc • Company Type: Telecommunications company • Founded: September 16, 1991,Newbury, United Kingdom • Market Position : 3rd Ranked in FTSE and London stock Exchange • Turnover: £92 billion as of November 2010 • Founders: Ernest Harrison, Garry Whent • Area Served : Over 65 countries
  • 39. Vodafone PEST Analysis Political factors government intervention through legislation EU Roaming Regulation Increasing level of consumer rights within Europe Regulatory Framework made by EU
  • 40. Economic factors • The growth of GDP • Level of inflation rate within markets • Global economic issues like the global financial crisis of 2007-2010
  • 41. Social factors • Changing work patterns • Relying in communication technologies • Change in lifestyle • People of different age Technological factors • Technological Innovation • emergence of alternative means of communication • Market competitions • Availability of technologies Vodafone PEST Analysis (cont..)
  • 43. SWOT Analysis Strengths • Diversified geographical portfolio with strong mobile telecommunications operations. • Network infrastructure • Leading presence in emerging markets. • Adaptation to local market needs Weakness • Negative return on assets (ROA) underperform key competitors like AT&T, BT Group, Deutsche • No Network in Rural Areas • Most of the Business generated solely on Europe • Weak US presence
  • 44. SWOT Analysis Opportunities • Focus on cost reductions improving returns. • Research and development of new mobile technologies, increasing 3G and 4G coverage. • Good Tariff packages was also applauded by most commentators. • Vodafone’s escalating share price Threats • Highly competitive market. • Still lags behind major competitors in the US. • Extremely high penetration rates in key market areas. • Twenty first century challenges, government auctioning licenses to third generation
  • 46.
  • 47. Company Overview Name Rolls Royce Motors Parent Company BMW Category Luxury Cars Sector Automobile Tagline Trusted to deliver excellence; Like nothing else on earth USP Premium status with exclusivity worldwide Competitors 1. Maybach 2. Limousine 3. Mercedes Target Group Only the rich & affluent, also Rolls Royce chooses who their customer will be
  • 48. Market trends affecting Rolls-Royce • Rolls–Royce was rescued by being nationalized by a Conservative government when the firm reached its nadir in 1971. Margaret Thatcher privatized it in 1987, when Rolls–Royce’s engines were then used by only a handful of airlines. There was a trend that the engine market would be dominated by GE and Pratt & Whitney. After that, the core of the firm's strategy had been to increase the number of its engines powering the world's civil jets.
  • 49. Market trends affecting Rolls-Royce • There was a trend that defense spending would be reduced after 1987, which was the edge of the end of cold war. Growth in civil business was doubly important because Rolls-Royce was badly hit by the fall of the Soviet Union—at which time defense accounted for 60% of its revenues (The Economist, 2005). • Government began to reduce defense spending, thus Rolls–Royce got less orders from the military. Worse for the firm, British Airways, which was Rolls–Royce’s old customer, equipped its new Boeing 777 wide-body planes with GE engines (The Economist, 2005). From then on, Rolls-Royce tried its best to get its engines on the wings of big airlines around the world.
  • 51.
  • 52. Company Overview Name Mercedes-Benz Type Division Industry Manufacturing Tagline The best or nothing. Predecessor Benz & Cie. (1883-1926) DMG (1890-1926) Founder Karl Benz and Gottlieb Daimler Headquarters Stuttgart, Germany Products Automobiles Trucks Buses Internal combustion engines Luxury vehicles Services Financial services automobile repair
  • 56.
  • 57. Overview Industry Food processing Founded Anglo-Swiss Condensed Milk Company (1866) Farine Lactée Henri Nestlé (1867) Nestlé and Anglo-Swiss Condensed Milk Company (1905) Founder Henri Nestlé, Charles Page, George Page Headquarters Vaud, Switzerland Area served Worldwide Products Baby food, coffee, dairy products, breakfast cereals, confectionery, bottled water, ice cream, pet foods (list...) Revenue CHF 92.16 billion (2013) Operating income CHF 13.07 billion (2013) Profit CHF 10.02 billion (2013)
  • 58.
  • 61. Market Share Nestlé employs approximately 253,000 people in some 511 factories worldwide. Nestlé is not only Switzerland's largest industrial company, but also the world's largest food company, considerably larger of than its nearest rivals Kraft Foods Inc. and Unilever plc. With products like Perrier and Nescafé, it is the market leader worldwide in coffee and mineral water, the largest manufacturer of pet food, and is fast increasing its share of the ice cream market.
  • 62. Nestlé's Corporate Business Principles 1. Nutrition, Health and Wellness 2. Quality Assurance and product safety 3. Consumer Communication 4. Human rights in our business activities 5. Leadership and personal responsibility 6. Safety and health at work 7. Supplier and customer relations 8. Agriculture and rural development 9. Environmental sustainability 10. Water
  • 63. Conclusion • Western Europe is the Group’s largest market for consumer durables and professional products. Western Europe is made up of many countries and language areas, which has resulted in widely varying consumer patterns and the establishment of a large number of appliance manufacturers, brands and retailers. The low degree of consolidation is one reason for overcapacity and price pressure in the industry. Around 65 per cent of sales of Professional Products occur in Western Europe, with strong positioning in restaurants, hospitals and commercial laundries. Despite the weak macroeconomic trend, the market for built-in appliances continues to experience long term growth.

Hinweis der Redaktion

  1. An inflation-adjusted measure that reflects the value of all goods and services produced in a given year, expressed in base-year prices. Often referred to as "constant-price," "inflation-corrected" GDP or "constant dollar GDP"