Financials & Economy
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Nestlé posts 7.5% organic growth driven by recovery of out-of-home channels and price actions
SWITZERLAND – Swiss food manufacturing giant Nestlé has posted a 7.5% growth in organic sales for the 2021 financial year mainly driven by continued momentum…
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Heineken posts strong full year results, casts doubt on 2023 margin goal due to inflation pressures
NETHERLANDS – Dutch multinational brewing company Heineken has reported stronger than expected earnings in 2021 despite inflation and supply chain pressures having an impact on the…
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Spar’s group sales up 5.8% despite underwhelming performance in South Africa grocery business
SOUTH AFRICA – South African grocer Spar Group saw robust trading for the 18 weeks to January 29, 2022, boosted by the lifting of liquor…
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DSM full year profits surge 21% as transition to health, nutrition and bioscience hits fever pitch
NETHERLANDS – Dutch multinational nutrition and health company Royal DSM has published its full year results where adjusted net profit soared 21% to €858m ($973.5m). …
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Bühler posts strong full year as innovation drives up demand for technology solutions
SWITZERLAND – Swiss food technology group Bühler has posted strong full-year results for 2021 mainly driven by an uptick in demand for its products. …