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Negative ketchupeffekt framework Force Heinz

on the Night of Friday have likely left shareholders in the Force Heinz with really bad taste in the mouth after a true ketchupeffekt of bad news in the group'

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Negative ketchupeffekt framework Force Heinz

on the Night of Friday have likely left shareholders in the Force Heinz with really bad taste in the mouth after a true ketchupeffekt of bad news in the group's financial statements for the year 2018.

the Force of Heinz, which in Denmark may be best known for selling ketchup, has problems with the sale and the authorities. In addition, two of the group's best known brands lost $ 15 billion in value.

The shareholders, who do not already know the reading of the accounts lost patience, had yet a review, since the share as a result of the bad news fell by over 20 percent in efterhandlen.

Analysts on the strip has downgraded their ratings of the company. One of them calls according to erhvervsmediet Bloomberg the financial statements for an artillery barrage of bad news.

Sales of Heinz Ketchup and The different products such as mayonnaise and cream cheese disappointed in the 2018's fourth quarter. Turnover disappointed with several hundred million alone in the three months.

in Addition, have the Force Heinz written-down the value of the brands Kraft and Oscar Meyer, with 15.4 billion u.s. dollars. It is equivalent to just under 100 billion dollars.

The non-adjusted net profit for the year 2018, landed on one of 12,6 billion dollar big minus. This corresponds to over 80 billion dollars.

at the same time, the group may tell that it received a subpoena from the u.s. securities and exchange commission, the SEC, in October last year.

the SEC is examining the audit of the group, including procedures and controls in the purchasing department as well as agreements and make any side deals in order procurement from suppliers.

the Force of the Heinz expects, however, that the studies will affect the company's economy in the future.

The bad news did nothing good for the company's share price, which is expected to open lower than ever when the New York stock exchange opens on Friday.

the Power of Heinz are a result of a merger in 2015 between the ketchup-producer Heinz and Kraft, among other things, make smøreprodukter.

today It is one of the world's largest food companies.

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