Staff, As you know, our sales figures this year are very low. Our sales in Europe fell by 13 percent in the last quarter, which is the biggest percentage fall ever. Our sales are only $1.34 billion, to be exact. The recent financial crisis was very bad. First, we lost a huge fraction of our business - approximately 1/6 of our Asian clients. Second, our national currency lost value; the Euro is now stronger than the dollar. Fortunately, the experts forecast some good figures. They estimate a 3% increase in sales by the end of next year. Still, we'll need to double that in order to make up what we lost last year.
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Nahia Duran
Created on September 15, 2023
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Transcript
Staff, As you know, our sales figures this year are very low. Our sales in Europe fell by 13 percent in the last quarter, which is the biggest percentage fall ever. Our sales are only $1.34 billion, to be exact. The recent financial crisis was very bad. First, we lost a huge fraction of our business - approximately 1/6 of our Asian clients. Second, our national currency lost value; the Euro is now stronger than the dollar. Fortunately, the experts forecast some good figures. They estimate a 3% increase in sales by the end of next year. Still, we'll need to double that in order to make up what we lost last year.