business
Business
German retailers expect higher revenues this Christmas season, HDE forecasts
Business
NEW LEADERSHIP TEAM DRIVES MAJOR YEAR-ON-YEAR GROWTH AT INFINOX CAPITAL LIMITED
Business
Umicore to pause construction of battery materials plant in Canada
Business
Barry Callebaut sees a second year of flat sales volumes on high cocoa prices
Jeweller Pandora’s shares sink as warns soaring silver could dent margins
Date: November 6, 2024
By Isabelle Yr Carlsson and Louise Rasmussen COPENHAGEN (Reuters) -Pandora said on Wednesday that higher silver and gold prices could hit its 2026 operating profit margin target, sending the Danish company’s shares as much as 7% lower. Best known for its charm bracelets, with prices ranging from $60 to more than $2,000, has been a...
Evonik’s cost cuts help it beat Q3 core profit expectations
Date: November 6, 2024
(Reuters) – German chemicals group Evonik Industries reported third-quarter core profit above market expectations on Wednesday, and said its initiatives to cut costs and build a leaner organisation were paying off. Evonik posted a 19% rise in quarterly adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) to 577 million euros ($622 million), beating analysts’...
Hensoldt boosted by sensors and integration of software firm
Date: November 6, 2024
By Chiara Holzhaeuser (Reuters) – Hensoldt reported on Wednesday a 24.1% rise in adjusted core profit for the first nine months of 2024 driven by sales growth in its core business and the first-time inclusion of defence software company ESG, which it acquired in December. After just 200 days, we have largely completed the post-merger...
Honda posts 15% fall in Q2 operating profit, missing forecasts
Date: November 6, 2024
TOKYO (Reuters) -Japan’s Honda Motor reported a surprise 15% drop in second-quarter operating profit on Wednesday, missing analysts’ expectations as it suffered a heavy sales decline in China. Japan’s second-largest automaker said operating profit was 257.9 billion yen ($1.68 billion) in the July-September quarter, marking the company’s first year-on-year profit decline in seven quarters. The...
Germany’s TeamViewer trims revenue forecast on FX headwinds
Date: November 6, 2024
(Reuters) – German software developer TeamViewer lowered its full-year revenue outlook on Wednesday, citing that foreign exchange headwinds from 2023 billings could likely have a negative impact of up to 11 million euros ($11.84 million). The company, which specialises in cloud-based technologies, now expects its revenue to hit 662 million euros-668 million euros, from a...
Elf Beauty sales to rise as demand for mass market beauty products grow
Date: November 6, 2024
By Ananya Mariam Rajesh (Reuters) – Elf Beauty is likely to report revenue growth of nearly 33% for the second quarter, bucking weak demand in the industry as its inexpensive cosmetics edged out competition. Expectations of strong sales from Elf are in stark contrast with legacy industry players such as Estee Lauder and L’Oreal that...