- Sales: EUR 14,650 million, down 4.6% including a 7.7-point negative currency effect

- Operating income: EUR 1,187 million, down 8.1% including a 9.1-point negative currency effect

This comment was taken from the company website of a major European manufacturer. In the case of this company, gains in both sales and operating income were transformed into losses. These were entirely due to what they call the 'negative currency effect'.

Thousands of companies - large and small - are at risk from losses due to adverse exchange rate movements. For a tailor-made hedging solution to your currency problems, please contact us.