Tchibo nearly doubled its revenue final yr – Muricas News

The German retail group and occasional roaster Tchibo additionally fought the implications of the corona pandemic in 2021. The underside line is that Tchibo’s gross sales elevated by 4 p.c to 3.25 billion euros, because the Tchibo Holding introduced on Tuesday. Earlier than taxes and curiosity (EBIT), a revenue of 176 million euros emerged, nearly twice as a lot as within the earlier yr with 90 million euros.

muted outlook

Nevertheless, the corporate was not very optimistic for the present yr: Tchibo cites the persistently disrupted provide chains, the battle in Ukraine, rising uncooked materials and power costs and a waning client urge for food as dampening components. “In opposition to this background, Tchibo expects gross sales to be down on the earlier yr with a big drop in EBIT.”

Tchibo sees itself because the German roasted espresso market chief with lots of of its personal branches, however can be one of many main on-line retailers. This multi-channel gross sales system has made a big contribution to “getting by the disaster solidly”.

A optimistic improvement within the espresso and client items enterprise in on-line and meals retailing was capable of greater than offset the implications of pandemic-related closures within the department and out-of-home enterprise. Nevertheless, the disruption to international provide chains had already had a “robust dampening impact on enterprise” by the tip of 2021.

Tchibo is 100% owned by the Maxingvest holding, by which a part of the Hamburg household Herz has bundled its holdings. The second pillar of Maxingvest is almost all stake within the Hamburg Nivea producer and Dax group Beiersdorf ( 51 p.c), which additionally contains the adhesive movie producer Tesa.