Hungarian canned food manufacturer Globus is expected to increase its anticipated losses for 2005 from HUF1.2bn (US$5.6m) to HUF4bn, Hungarian reports suggested today (31 January). This is an increase on last year’s reported losses, as in 2004 the company posted a loss of HUF670m.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Domestic sales and exports were below expectations and higher energy costs and poor weather conditions have negatively affected the company’s outlook. The strong Polish Zlotych deepened the losses sustained by Globus’ Polish subsidiary.


In the first half of 2005, the company reported a loss of HUF1.06bn, having generated revenue of HUF14.76bn.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now