This is indicative of how much the euro has weakened against the U.S. dollar in 2015.
2015 proved to be a difficult year for most companies, with the strong U.S. dollar and currency volatility, together with low commodity prices and high turnover. Mergers and acquisitions continued apace, as companies continued to seek additional value from domestic markets and new opportunities elsewhere.
“The big story in this year’s Top 20 list of dairy companies—based on turnover—is the shrinkage of the overall size of the pie,” says Kevin Bellamy, global dairy strategist for Rabobank, New York. “Low dairy commodity prices and currency movements have had a dramatic downward effect on company sales values.”