Dutch retailer Ahold has booked a decline in operating profit as investments in pricing hit margins. The company booked an 11% increase in sales, which rose to EUR1.6bn (US$9.67bn) as its strategy to lower prices resulted in higher ...
Tags: Ahold, operating profit, decline, food industry
Swedish confectioner Cloetta has today (24 August) reported higher half-year losses, hit by higher commodity costs but also its merger with rival Leaf International. Cloetta booked a loss of SEK241m (US$36.5m) for the six months to the ...
Tags: Cloetta, operating profit, operating loss, sugar
Canadian retailer Metro Inc has today (9 August) posted a rise in third-quarter net profits on the back of increased sales. Net earnings for the quarter ending 30 June increased 13.6% to C$144.4m (US$225.6m). EBITDA climbed 10.3% to ...
Tags: Profit, Net earnings, Metro, net profits
Swedish retailer Axfood has booked drop in third-quarter profits as earnings were hit by costs related to store closures. In the three months to the end of September, profit after tax fell 0.7% to SEK265m (US$39.7m), which Axfood ...
Tags: Axfood, Q3 profit, costs, store closures
Swedish retailer Axfood has booked an increase in first-half profits, boosted by an increase in customer numbers and continued cost control measures. In the six months to the end of June, profit after tax amounted to SEK403m (US$57.5m), a ...
Tags: Axfood, H1 Profit, increase, customer numbers
Dutch retailer Ahold has booked an increase in first-half profits but its shares fell amid pressure on margins and the company's caution over future trading. Earnings in the six months to the end of June climbed 8.2% to EUR530m ...
Tags: Ahold, shares, margins, amid pressure
In Glaston Corp.'s latest interim report, it notes January-September 2011 orders received for the period totaled to EUR 84.7 million, while third-quarter orders received were EUR 28.4 (21.8) million. The report goes on to compare ...
Tags: Glaston, interim report
Gas and coal-fired power generated using carbon capture and storage (CCS) technology could produce energy at a comparable cost to other low-carbon generation sources by the early 2020s, a government task force said Wednesday, The CCS cost ...
Tags: gas and coal-fired power, using carbon capture and storage
At Rautaruukki's Capital Markets Day hosted in Helsinki, the company's management will present their review of the sector and shed light particularly on business opportunities in Russia. With the Fortaco arrangement, Ruukki will in future ...
The closure of its particleboard mill in Knowsley in the UK in mid-September placed an additional burden on earnings reported by Sonae Industria, which were already on the decline. According to its interim report for the third quarter, ...
Tags: Sonae, Sonae Industria, particleboard, particleboard mill
The Board of Directors of Salvatore Ferragamo S.p.A.,parent company of the Salvatore Ferragamo Group,one of the global leaders in the luxury sector,meeting under the chairmanship of Ferruccio Ferragamo,examined and approved the Consolidated ...
Tags: Salvatore Ferragamo S.p.A, Salvatore Ferragamo Group, luxury sector
Scandinavian retailer ICA has booked mixed third-quarter numbers, with a surge in operating income offset by a tax settlement that resulted in a net loss for the period. The company said third-quarter operating income increased 13.1% to ...
Tags: retailer, net loss, third-quarter, report
One-off items have hit Parmalat's third-quarter net profit although the Italian dairy group did see its EBITDA increase. Parmalat, which is controlled by French dairy giant Lactalis, booked net profit of EUR58m (US$73.8m), against ...
Tags: net profit, dairy, net revenues, dairy group, milk
Finnish meat firm HKScan has booked an increase in third-quarter profit and reaffirmed its full-year guidance. In the three months to the end of September, the company earned EUR6.9m (US$8.8m), a 23.2% increase on the prior year period. ...
BASF is optimizing its organizational structure to better serve its customer industries and enhance its operational and technology excellence. The changes reflect the company's "We create chemistry" strategy which outlines how BASF aims ...
Tags: BASF, chemical, classical chemicals, functionalized materials, oil and gas