CSM restructures to face new market reality
We have indicated in our first half-year results statement that "It is difficult to assess the impact of the economic climate, reinforced by the current turbulence in the worldwide markets, on consumer behaviour." Since we issued this statement the on going challenging financial crisis has worsened and is clearly having an impact on consumer confidence. This combined with higher food costs and in some geographies lower disposable income, is impacting consumer behavior and volumes sold.
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