Profits

Portugal Approves Windfall Tax On Food Retailers, Energy Firms

Portugal's parliament has approved a 33% tax on the windfall profits that energy companies and food retailers may be bringing in with inflation at a near t...

Infarm To Focus On Profitability, Cut Workforce By More Than Half

Vertical farming company Infarm is planning to focus on profitable Growing Centres and reduce its workforce by more than 50% due to rising energy prices an...

Südzucker Lifts Profit Forecast As Price Rises Seen Trumping Higher Costs

Europe’s largest sugar producer Südzucker raised its full-year profit forecast, as it expects higher sugar prices to compensate for rising...

Italy's Campari Sees First Half Sales Up 19%

Italian drinks group Campari posted a 19% rise in like-for-like sales in the first six months of the year, but warned that temporary supply constraints cou...

Conad Centro Nord Sees Market Share Growth In 2021

Italian cooperative Conad Centro Nord reported sales of €1.85 billion in 2021, up 4.4% on the previous year, with a market share of 7.56%

Moody's Changes Outlook For Consumer Goods Sector From 'Positive' To 'Stable'

Moody's is anticipating operating profits of between 1% and 4% over the next 12 to 18 months for the global consumer goods industry, as the 'global econom...

South Africa's Woolworths Sees H1 Profit Drop, Resumes Dividend

Woolworths Holdings has resumed its interim dividend despite reporting a 35.6% slump in half-year profit, as the South African retailer was badly affected...

French Retailer Auchan Raises Cost-Saving Goal As Profitability Rises

France's Auchan has raised its cost savings goal under its so-called Renaissance revival plan, which boosted 2020 profitability at its retail arm despite t...

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Profits

Portugal Approves Windfall Tax On Food Retailers, Energy Firms

Infarm To Focus On Profitability, Cut Workforce By More Than Half

Südzucker Lifts Profit Forecast As Price Rises Seen Trumping Higher Costs

Italy's Campari Sees First Half Sales Up 19%

Conad Centro Nord Sees Market Share Growth In 2021

Moody's Changes Outlook For Consumer Goods Sector From 'Positive' To 'Stable'

South Africa's Woolworths Sees H1 Profit Drop, Resumes Dividend

French Retailer Auchan Raises Cost-Saving Goal As Profitability Rises

Poland's Allegro Q4 Core Profit Beats Estimates As E-commerce Booms

Spain's Mercadona Shares Profits With Workforce

Demand For Snacks, Shampoo Help Givaudan Profit Rise In 2020

'Stable' Outlook For European Retail Sector In 2021, Says Moody's

Retailers May Be Two Years Away From Regaining 2019 Profitability Levels: Moody's

Plant-Based Egg Maker JUST Sees Profit Next Year, Then Will Look At IPO

Carlsberg Expects Profit To Fall 10%-15% As Lockdowns Impact Sales