Richemont SA announced that its sales in the first half of the year continued to strengthen, as well as that it is in negotiations with Farfetch, regarding the sale of the e-commerce platform Yoox-Net-A-Porter. The Swiss luxury goods group announced sales of 8.91 billion euros for the six months to September 30, 65% higher on […]
Tag: International business news
Deutsche Telekom: Revenue increased in the quarter, upgraded estimates for the year
Deutsche Telekom announced higher revenue for the third quarter and upgraded its full-year estimates for the third time this year, mainly thanks to the contribution of T-Mobile US as well as its operations outside the US. The German telecommunications group announced that revenues increased to 26.88 billion euros from 26.39 billion euros a year ago. […]
The Suez Canal Authority in 2nd place on the Forbes list of the leading logistics companies in the Middle East for 2021
The Forbes list of the top ten logistics companies in the Middle East for 2021 places the Suez Canal Authority. In a statement, the head of the Organization, Osama Rabie, said that “such a ranking rewards the Authority’s efforts and success in overcoming many challenges and crises throughout the year, with the coronavirus pandemic and […]
Dillard’s: Profits in the quarter higher than estimated
Dillard’s Inc. shares rose 6.4% in pre-conference trading, as the retail department store announced third-quarter earnings that exceeded estimates. Net income was $ 197.3 million, or $ 9.81 per share, up from $ 31.9 million, or $ 1.43, a year earlier. Sales stood at $ 1.481 billion, up from $ 1.025 billion a year ago. […]
Ireland: Inflation at its highest level since 2007
Irish inflation was at its highest level since 2007 last month, with prices rising 5.1% from 3.7% in September, following sharp rises in energy and transport costs. The increase of 15.4% in transport costs and 10.8% in electricity, gas and water, represented the largest increases on an annual basis. Overall prices were 0.7% higher on […]
Taylor Wimpey: Her performance in the second half is good
Taylor Wimpey PLC announced that the performance in the second half of the year so far has been good, with inflation in housing prices fully offset inflation in construction costs. He expects that the results for the whole year will be adjusted according to the estimates. The British housing company stressed that the market has […]
Merck KgaA: Q1 earnings fell slightly, sales increased
Merck KgaA said quarterly earnings fell slightly on an annual basis, although sales rose, while confirming an earlier estimate for 2021 that it had previously given. The German group of pharmaceuticals and chemicals announced EBITDA of 1.50 billion euros for the quarter, down from 1.62 billion euros a year ago. Profit after tax also fell […]
Increased results for RWE in the nine months
RWE AG announced that adjusted net income and earnings increased in the nine months, and confirmed estimates for 2021. The German energy company announced that the adjusted net profit amounted to 1.03 billion euros for the period, compared to 794 million euros a year ago. Adjusted EBITDA stood at 2.40 billion euros compared to 2.26 […]
Increase profits and revenue from Siemens
Siemens announced an increase in quarterly revenue and orders as its industrial activities strengthened. The German industrial group reported a net profit of 1.17 billion euros, compared to 1.76 billion euros a year ago, although last year’s figures included about 800 million euros in discontinued operations, as a result mainly the spin-off of Siemens Energy. […]
Generali: Strong increase in operating result to € 4.4 billion (+ 10%) in the nine months
Generali announced a strong increase in the operating result to € 4.4 billion (+ 10%) in the first nine months of 2021, thanks to the positive performance of the Life, Asset Management and other business sectors. Durable contribution from the General sector, despite the increased compensation due to natural disasters, the relevant announcement adds. Meanwhile, […]
