corporate-profits
BusinessFrench Builder Eiffage Eyes More Growth in 2022 as Profit Exceeds pre-COVID Level
FinanceFrance’s Axa Doubles 2021 Profit, Raises Financial Goals
Top StoriesMiner Anglo American Joins Rivals With Record Profit and Payouts
TradingLondon-Listed Coca-Cola Hbc Readies Russia Contingencies as Profits Rise
Retailer Carrefour’s Shares Rise After Confident Outlook and Record 2021 Cash Generation
Date: February 18, 2022
PARIS (Reuters) – Carrefour shares opened 2.8% higher on Thursday as investors cheered record cash generation in 2021 and a confident outlook for 2022, reflected in a new share buyback plan of 750 million euros ($852 million). “Carrefour’s finals confirmed the group’s newfound resilience, ongoing progress in French recovery and impressive free cash flow. Prospects for...
Nestle Confident Cost Inflation Won’t Take a Bite Out of Margins
Date: February 18, 2022
By Silke Koltrowitz ZURICH (Reuters) -Food group Nestle is confident of defending its profit margins against mounting cost pressures this year, planning more price increases after they helped it beat sales and earnings expectations in 2021. Consumer goods companies are grappling with surging costs for commodities, energy, transport and labour, prompting rival Unilever last week...
Airbus Restarts Dividend After Sharply Higher Profits
Date: February 18, 2022
By Tim Hepher PARIS (Reuters) -Airbus marked a turning point in its pandemic recovery with its first dividend in two years and higher profits from businesses including defence and space as the European group also confirmed a review of defence strategy on Thursday. The world’s largest civil planemaker predicted higher profit and deliveries for 2022...
Profit at Portugal’s Biggest Utility Down 18% on One-Off Costs
Date: February 18, 2022
By Sergio Goncalves LISBON (Reuters) -Portugal’s largest utility, EDP-Energias de Portugal, on Thursday reported an 18% drop in 2021 net profit to 657 million euros ($747 million) due mainly to one-off costs, including impairments on thermal assets in Iberia. It said such non-recurring negative effects totalled 169 million euros. Its recurring net profit rose 6%...
Air Liquide Sees Stronger 2022 as Higher Pricing Tackles Inflation
Date: February 17, 2022
By Olivier Cherfan and Kate Entringer (Reuters) -French industrial gases company Air Liquide forecast on Wednesday a bigger profit for 2022, as it implements higher pricing to offset the sharp increase in energy prices. The company, which supplies gases such as oxygen, nitrogen and hydrogen to factories and hospitals, anticipates further improving its operating margin...
Kraft Heinz Plans More Price Hikes as Sales, Earnings Beat Estimates
Date: February 17, 2022
By Deborah Mary Sophia and Mehr Bedi (Reuters) -Kraft Heinz Co said on Wednesday it would raise the prices of its snacks and condiments further to counter soaring costs of raw materials and transportation, after posting quarterly earnings above market expectations. Shares of the Chicago-based company rose as much as about 6% in morning trading....