Each Wrigley employee generated a 3,000-euro profit per month
Autor:
Mihaela Popescu
12.05.2010
Wrigley Romania US company, which accounts for more than 90%
of the chewing gum market, reported net income worth 32m RON (7.5m
euros) for 2009, amid turnover standing at 219m RON (52m euros) and
200 employees. Thus, each employee brought Orbit producer average
sales of around 23,000 euros and net profit of 3,000 euros per
month, considering the average salary in large consumer goods
companies is put at 500-750 euros. Wrigley does not hold production
facilities domestically and largely outsourced distribution to
specialised firms, which could explain the small number of
employees it has in Romania against generated turnover. Despite the
39% lower income against 2008, the company last year maintained a
profitability rate above the field's average, namely 15%.
"Last
year, the most important moves to retain profit margin were related
to better cost management: the elimination of non-core operating
expenses, bringing all expenses to the minimum that still allowed
operation in normal parameters, delayed wage changes and media
budget adjustment," explained Mihai Georgescu, general manager of
Wrigley Romania.