Business

2023-03-15

The H&M group’s sales development in the first quarter 2023

Net sales increased by 12 percent to SEK 54,872* m (49,166) in the first quarter, i.e., in the period 1 December 2022 – 28 February 2023, compared with the corresponding period last year.

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Business

2023-03-09

China has always been an important market for the Trützschler Group. The company built its first factory in the country in 2001. Now, Trützschler is further expanding its business in China to embrace the dynamic development of China’s nonwovens market.

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Business

2023-03-09

“2023 will be a transition year to build the base for 2024 and 2025,” said Bjørn Gulden, CEO of adidas. “We need to reduce inventories and lower discounts. We can then start to build a profitable business again in 2024. adidas has all the ingredients to be successful."

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Business

2023-03-09

The Lenzing Group, a world-leading provider of specialty fibers for the textile and nonwoven industries, was increasingly affected by extreme developments on the global energy and raw material markets in the 2022 financial year, in tandem with most of manufacturing industry in Europe. The market environment also deteriorated significantly in the third and fourth quarters, while worsening consumer sentiment placed an additional burden on Lenzing’s business growth.

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Business

2023-03-02

Kontoor Brands, Inc. (NYSE: KTB), a global lifestyle apparel company, with a portfolio led by two of the world’s most iconic consumer brands, Wrangler® and Lee®, today reported financial results for its fourth quarter and full year ended December 31, 2022.

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Business

2023-03-09

Clariant presents Integrated Report 2022

Clariant, a focused, sustainable, and innovative specialty chemical company, today published its Integrated Report 2022, which presents a transparent and concise account of the company’s financial and non-financial business activities for the year.

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Business

2023-03-09

Rieter reports record sales - 2022 figures available

The 2022 financial year was characterized by record sales of CHF 1 510.9 million and enormous challenges in their realization. Geopolitical uncertainties, the rapid rise in inflation, and additional development expenditure to compensate for material bottlenecks, weighed heavily on earnings. Higher expenses were also incurred in connection with the acquired businesses. Despite the exceptionally challenging environment, Rieter generated an EBIT margin of 2.1%. Implementation of the measures already initiated to improve profitability is continuing.

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Business

2023-03-09

ANDRITZ with record figures for 2022

Technology Group ANDRITZ achieved in 2022 the best figures in its history for order intake, revenue, and operating result (EBITA). ANDRITZ started the new business year with a record order backlog of around ten billion EUR. Together with strict cost and project management and the successful turnaround in the Metals business area with the German Schuler Group, that order backlog will form the basis for further growth and profitability increases in 2023.

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Business

2023-03-09

VF Corporation closes second €500 Million green bond to support key sustainability initiatives

VF Corporation (NYSE: VFC), a global leader in branded lifestyle apparel, footwear and accessories, announced the closing of a €500 million green bond offering, representing its second green bond issued; the inaugural green bond was issued in 2020. An amount equivalent to the net proceeds from the offering has been dedicated to advance programs within the company’s Sustainability & Responsibility strategy and drive progress toward achievement of its science-based targets (SBTs).

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Business

2023-03-02

Covestro reports loss on record sales in 2022

Fiscal 2022 was impacted by global challenges that had significant and perceptible effects on Covestro’s business performance. In particular, the sharp rise in energy and raw material prices during the year, especially in Europe, put a strain on the company. This was compounded by continuing adverse effects caused by the coronavirus pandemic in China, high inflation and an overall slowdown in global economic growth.

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Business

2023-02-23

Glatfelder with significantly increased sales but losses

Glatfelter Corporation (NYSE: GLT), a leading global supplier of engineered materials, today reported financial results for the fourth quarter and full year of 2022, and provided an update on the Company's turnaround strategy to drive operational and financial improvements despite continued inflationary and energy price headwinds.

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Business

2023-02-16

Renewcell publishes annual report

Renewcell has announced its financial results for Q4 and the full financial year 2022, once again describing the company's diverse activities and progress. CEO Patrik Lundström also gave a short outlook for the future in a longer commentary.

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Business

2023-02-16

adidas provides top- and bottom-line outlook for 2023

adidas today published its financial guidance for 2023. While the company continues to review future options for the utilization of its Yeezy inventory, this guidance already accounts for the significant adverse impact from not selling the existing stock. This would lower revenues by around € 1.2 billion and operating profit by around € 500 million this year. Against this background, adidas expects currency-neutral sales to decline at a high-single-digit rate in 2023. The company’s underlying operating profit is projected to be around the break-even level.

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News Archive
2023-02-09

Asahi Kasei and Mitsui Chemicals agree to combine their spunbond nonwovens businesses in a new joint venture

2023-02-09

Oerlikon expands service offering for customers in the USA

2023-02-03

A difficult year characterized by cost inflation and US demand challenges

2023-01-26

Ermenegildo Zegna Group ends FY 2022 with strong revenue(1) growth in line with strategic plan

2023-01-19

HUGO BOSS exceeds full-year 2022 targets as strong momentum continues in Q4

2022-12-08

Loepfe expand globally creating local business units in China, India and Turkey

2022-12-08

Trützschler Card Clothing expands its site in Neubulach

2022-12-08

Lectra announces the acquisition of the majority of the capital of TextileGenesis

2022-09-22

Lenzing suspends 2022 guidance due to limited market visibility and high volatility of energy and raw material markets

2022-09-15

Toray expanding Airlite™ automotive interior sound acoustic insulation business in Europe

2022-09-15

Inditex interim half year 2022 results

2022-09-01

Zegna Group reports strong First Half 2022 Results

2022-07-28

Kimberly-Clark announces second quarter 2022 results

2022-07-28

Well positioned for e-mobility and sustainability, but low production volumes and inflation impact profitability and the net result

2022-07-28

Slower recovery in Greater China and potential slowdown in other markets reflected in adjusted adidas outlook for financial year 2022

2022-07-14

2022 Inditex Annual General Meeting

2022-07-07

NIEN HSING buys the first GREENDYE unit from KARL MAYER // environmental pioneer relies on GREENDYE

2022-06-30

An exciting Loepfe and Almer Technologies partnership comes into view

2022-06-29

H&M decides to buy back own shares for SEK 3 billion

2022-06-21

Alberto Paccanelli re-elected as President of EURATEX

2022-06-21

Sales success of a solution for more efficiency in warp preparation

2022-06-09

Recover™ accelerates growth with $100 million minority equity investment

2022-06-09

Inditex reports first-quarter revenue growth of 36%

2022-06-09

EFI advances growth strategy in high-value digital imaging with Inèdit software acquisition