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February 16, 1989


By CBR Staff Writer

Rather belatedly, we have the country-by-country breakdown of DEC’s figures in Europe for its fiscal year to June 30, 1988, and they show that the UK subsidiary, doing UKP735m last year, is almost twice as large as the next biggest, France, with West Germany just behind in fourth place. Here is the full list, with the national figures converted into dollars at the exchange rate ruling on June 30: UK $1,255m Switzlnd $290m Austria $74m France $692m Sweden $211m Norway $70m W Germany $657m Belgium $133m Denmark $68m Italy $340m Finland $131m Ireland $64m Nethlnds $309m Spain $117m Portugal $18m

Total turnover contribution from Europe was $4,257m – out of a world total of $11,475m; the figures above add up to about $5,000m, which is presumably accounted for – surprisingly small inter-company trading between the different Eurosubsidiaries.

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