BCD Holdings N.V. reported 4 percent higher year-over-year sales of $15.6 billion

, with roughly flat pre-tax earnings of $124 million. The company incurred about $6 million in "reorganization costs" during the year. "In 2009, the company will focus on additional cost reduction plans, including reduction in staff, which, unfortunately, will not solely be absorbed by natural attrition," said CEO Joop Drechsel. "Furthermore, new revenue stream opportunities will be added to ensure a strong foundation as we emerge from the economic downturn.”