Kölla The Fruit Company
Overview
Established in the 1920’s the Kölla group is a global supplier of fruit and produce with 9 international offices.
The groups functional currency is euro. So for subsidiaries who operate exclusively within the EU, there is some currency risk reduced by way of a natural hedge.
The Challenge
- The organisation operates a global supply chain with purchases and sales made in multiple
currencies. - Foreign currency profits need to be repatriated back to head office.
- Historically, each of the subsidiaries would manage their currency requirements independently.
Solution
- Layered hedging strategy over one, two and three months.
- Millbank market analysis driven by Bloomberg to support optimal trade execution on spot trades.
- Credit extended on forwards with 0% deposit.
The Results
- Mitigated exchange rate volatility and substantial reduced overall FX risk.
- Unified currency risk management approach across all global offices.
- Improved commercial pricing consistency and eliminated FX pricing increase to customers.
- Confidence to expand into new global markets with and effective currency management strategy.
Your profits don’t wait for stability. Neither should you.
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