WEBVTT

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So the results, they just didn't do as well

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as Unilever. And in this earnings season, you

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got to deliver. Absolutely. And especially if you

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have an environment where you are increasing prices by a

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lot and you're setting your, you know, your

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sales target at reasonably low. Um, you've got

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to deliver and you've got to show that particularly the

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biggest division which for on is the yogurt unit is

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experiencing a turnaround. But what actually happened is volumes

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in that division fell more than 3% in the quarter

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which really asks questions about Dan On's ability to persuade

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the consumer to pay premium for these branded products instead

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of just buying your regular supermarket yogurt. Yeah,

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it's convincing. I mean, the price of yogurt

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here, I, I'd make you cry if I

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told you the price of a pot of yogurt,

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um, impairments in Russia. It's a, it's

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costly getting out of it briefly, the size and

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the impact. So this isn't, there's nothing too

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new in the sense that we already knew that they

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take an up to a billion Euro impairment. But

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I think it's just a real headache because they,

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Danon is now saying you know, that we do

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actually own this division that's been seized from us temporarily

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. There'll be a legal, legal ramifications when they

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sort of try and get damages back, I imagine

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. Um, and in the meantime, they're trying

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to stay in contact with the 8000 staff over there

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and it's a really difficult situation.