Kraft Heinz Food company saw fall in sales in the first half of the year. Moreover, the profit halved, although this was partly due to two write-offs totaling 1.2 billion dollars.

The new CEO Miguel Patricio called the fall in sales of 4.8 percent to 12.3 billion dollars “not something we should find acceptable”. On an autonomous basis, ie without exchange rate effects and acquisitions, the revenue decline amounted to 1.5 percent. The profit fell by more than 51 percent to 854 million dollars.

“We have considerable work to do to change the course of our company,” said the CEO of the maker of Heinz ketchup and Kraft macaroni and cheese, among others.

Kraft Heinz has been struggling for some time with the changing preferences of consumers who demanded more healthier products.

The Kraft Heinz figures were the first since the annual figures in February. Then the food producer depreciated $ 15.4 billion on the value of some of its brands and announced that the American stock market watchdog SEC had started an investigation into the company’s accounting. Kraft Heinz then examined his own figures for the past three years and postponed the publication of the first quarter figures. The company now brought it out at the same time as the second quarter.

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