Profits

Spain's Mercadona Shares Profits With Workforce

Spanish supermarket group Mercadona has shared €409 million of its 2020 profits with its entire workforce of 90,000 employees. Some...

Demand For Snacks, Shampoo Help Givaudan Profit Rise In 2020

Fragrance and flavour maker Givaudan confirmed its mid-term targets after strong demand for snacks and shampoo helped it grow 2020 sales and profits amid t...

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

The outlook for the European retail sector in 2021 is 'stable', a new report by Moody's Investors Service has said, with demand recovery set to be balanced...

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

Retailers in Europe and the US could be at least two years away from returning to the sort of profit levels they enjoyed in 2019, a new report by Moody's h...

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

As shoppers raise grocery spending due to the COVID-19 pandemic, plant-based egg startup JUST says it aims to turn an operating profit before the end of ne...

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

Carlsberg expects organic operating profit to decline 10%-15% this year, as lockdowns continue to impact sales in the second half of the year in its key ma...

Masoutis To Offer 30% Of Net Profits As Bonus To Employees

Greek retailer Masoutis has announced that it will offer 30% of its net profits as a bonus to employees working in its stores and logistics facilities, ami...

Traditional Retailers Facing 'Hostile' Operating Conditions, Says Moody's

Traditional retailers are facing increasingly hostile operating conditions, ratings agency Moody’s has announced, with profitability likely to be und...