Economy and finance
744 news found
Economy and financeNewlat: revenues up 18% in 2021
The Group is aiming for a billion euro turnover by the end of the year
The board of directors of Newlat Food SpA examined and approved the company's draft financial statements and the consolidated financial statements for the year 2021. The data relating to 2021 confirm a... more
Economy and financeGetir closes $768 million Series E round
The company achieve 40 million downloads in nine countries
Getir, the company known for ultra-fast delivery of groceries, announces today that it has closed a $768 million Series E round, bringing the company's valuation to $11.8 billion. The round is led by Mubadala... more
Economy and financeValsoia: revenues up 9% in 2021
Positive trend both for the healthy food division and for the traditional one
The board of directors of Valsoia SpA met today and approved the results for the 2021 financial year. The chairman Lorenzo Sassoli de Bianchi commented: "we are very satisfied with the result for the year... more
Economy and financeDeA Capital: net profit of 23.8 million euros
The Board of Directors approved the financial statements at 31 December 2021
The board of directors of DeA Capital SpA met, chaired by Lorenzo Pellicioli, to examine and approve the consolidated financial statements of the Group and the draft financial statements of the parent... more
Economy and financeAutogrill: turnover in 2021 at 2.6 billion euros
Loss of 37.8 million. Italy is worth 766.5 million (+ 33.6%)
The board of directors of Autogrill SpA, which met today, examined and approved the consolidated results as at 31 December 2021, including the 2021 Non Financial Information Declaration and the annual... more
Economy and financeCaffè Borbone drives the accounts of Italmobiliare
Growth results also for the subsidiaries Capitelli (cured meats) and Callmewine.com
The board of directors of Italmobiliare SpA, which examined the 2021 financial statements, with revenues of 1,579 million euros, showing an overall improvement of 25% compared to 2020 and growth of more... more
Economy and financeBofrost: turnover of 310.9 million in 2021-22
Renewed logo and expansion of the fresh range to conquer new market shares
Bofrost Italia SpA, an important Italian company engaged in the home sales of frozen and fresh specialties, closed the 2021-22 financial statements at the end of February with a turnover of € 310.9 million, w... more
Economy and financeContri Spumanti: Credem PE acquires minority interest
Investment of 18 million euros
Credem Private Equity sgr, the private equity management company of the Credem Group, has completed the acquisition of a minority stake in the controlling vehicle of Contri Spumanti spa through the three... more
Economy and financeJde Peet's: increases turnover in 2021
Organic double-digit sales growth expected in 2022
Jde Peet's, a Dutch company known for being one of the largest pure-plays in the world for coffee and tea, has released its financial results for the full year of 2021. Organic sales increased by 6.1%... more
Economy and financeKeurig Dr Pepper, sales increase in 2021
Growth mainly driven by the cold drinks portfolio
Keurig Dr Pepper (Kdp) reported a 9.2% increase in net sales to $ 12.68 billion in 2021, driven primarily by growth in its cold drinks portfolio. The company's fourth-quarter net sales increased 8.7% to... more
Economy and financeAB InBev "recovering" in 2021
Revenues up 12.1% in the fourth quarter and 15.6% for the full year
Anheuser-Busch InBev, the world's largest brewer, reported revenues up 12.1% in the fourth quarter of 2021 and 15.6% for the full year. The Group reported a 23.5% increase in the combined revenues of the... more
Economy and financeSan Daniele Dop ham: turnover up 14% in 2021
2.8 million hams sold for a total of 350 million euros
The increase in the number of processed thighs and pre-sliced trays led to an increase in sales compared to last year. Excellent results also on the export front. more
Economy and financeDanone, quarterly sales exceed estimates in 2021
The Group will raise prices to offset cost inflation
Danone, the big French food company, known above all for dairy products and mineral waters, recorded an increase in net sales of 3.4% on a like-for-like (Lfl) basis in 2021, a result slightly above analysts'... more
Economy and financeHeineken: beer volumes and revenues up in 2021
The Group publishes the financial data relating to the entire fiscal year
The Dutch brewery group Heineken closed 2021 with a net profit of 2.04 billion euros, an improvement on the loss suffered in 2020 due to the pandemic. The group, in a note, also announced that it had recorded... more
Economy and financeNestlé: a 2021 of perseverance and growth
The Group publishes the financial data relating to the entire fiscal year
Nestlé, a multinational company active in the food sector, based in Vevey, Switzerland, has released its results for the entire fiscal year 2021. The company's organic growth reached 7.5%, with real internal... more
Economy and financeAutogrill: preliminary figures as of 31 December 2021
The results of last year improved compared to guidance -ATTACHMENT
The Board of Directors of Autogrill SpA today reviewed and approved the preliminary consolidated revenue performance for the twelve months ended 31 December 2021. Preliminary figures as of 31 December... more
Economy and financeThe Coca-Cola Company "resists" to a 2021 of uncertainties
Revenues up 17% to $ 38.7 billion
In 2021, the net revenues of the multinational The Coca-Cola Company increased by 17% to 38.7 billion dollars. "In 2021, our system has demonstrated resilience and flexibility in going through another... more
Economy and financeFerrero: global turnover reaches 12.7 billion euros
The Group has approved the consolidated financial statements at 31 August 2021
Ferrero International SA, parent company of the Ferrero Group, has approved the consolidated financial statements for the year ended 31 August 2021. The Group, of which Giovanni Ferrero is executive chairman... more
Economy and financeCdp Venture Capital invests in Quomi
The meal kit startup reaches the collection target of 900,000 euros for 2021
New growth prospects for Quomi, the Italian startup born from an idea of Andrea Bruno and Daniele Bruttini, which continues its growth path and closes the year with an investment round by Fondo Rilancio... more
Economy and financeRice: Illimity Bank supports the development of Sp
Intervention of 8 million for the development of an innovative and sustainable industrial plan
Illimity Bank SpA granted a medium / long-term loan worth approximately 4.3 million euros in favor of SP SpA, a company active in the processing, packaging and marketing of rice on a national and international... more
Economy and financeDe' Longhi, + 36.8% revenues in 2021
The coffee machine segment shows double-digit growth
De 'Longhi closed 2021 with revenues of 3,217 million euros, up by 36.8% (+38.2 at constant exchange rates) and by 24.1% on a like-for-like basis. In particular, growth in the fourth quarter was 21.6%... more
Economy and financeCrédit Agricole Italia and Orva for the industrial bread supply chain
Debut of the Romagna company on the Supply Chain Finance platform of the banking group
Crédit Agricole Italia has signed a supply chain agreement with Orva Srl, an Italian company engaged for 40 years in the production of Romagna piadina, soft loaves and bread substitutes, for the activation... more
Economy and financeNestlé invests in Eureka!
250 million francs for packaging innovation
The Nestlé Group continues its commitments for the sustainability of packaging in Italy with an investment of 5 million euros in the Italian venture capital fund Eureka! Fund, managed by Eureka! Venture... more
Economy and financePrivate equity: Carlyle puts Irca up for sale
The Varese group produces chocolate and ingredients for the confectionery industry
Irca Spa, a Gallarate group active in the production of chocolate and ingredients and semi-finished products for pastry, bakery and ice cream, 100% controlled by the private equity fund Carlyle, is for... more
Economy and financeTruffles: Intesa Sanpaolo allocates 10 million for the Umbrian supply chain
Collaboration agreement with Urbani Tartufi and Truffleland
As part of the Filiere Program, Intesa Sanpaolo, Urbani Tartufi Srl and Truffleland Srl have signed a collaboration agreement for access to credit for companies that are part of the distribution process... more
Economy and financeSodexo consolidates post-pandemic recovery
In the first quarter of fiscal 2022, revenues increased by 18.8%
Sodexo, a multinational company operating in the sector of services for businesses, the public and private sectors, closed the first quarter of the 2021-2022 financial year with revenues of € 5.3 billion, a... more
Economy and financeVicenzi: loan of 35 million
In support of development in Italy and abroad
Vicenzi, the well-known Venetian company specializing in the production and marketing of high quality industrial confectionery products in Italy and abroad, has signed a 35 million euro loan agreement... more
Economy and financePrices: China grabs more than half of the world's wheat
Coldiretti: "farmers throttled, costs are flying, from energy to feed, from fertilizers to transport"
By the first half of the agricultural year 2022, China will have acquired 69% of the world reserves of maize for livestock feed but also 60% of rice and 51% of wheat at the basis of human nutrition in... more
Economy and financeAlcohol e-commerce: + 66% by 2025
To date, China is the first market in the world
Global alcoholic beverage e-commerce will grow 66% to $ 42 billion over the period 2020-2025. The latest Iwsr research on key international markets foresees this. At the top of the ranking of online shoppers,... more
Economy and financeCampari Group: good response from employees to Esop
The newly launched shareholder plan reaches a participation rate of 51.6%
Campari Group announces the very positive results of participation in the Esop (Employee Stock Ownership Plan) dedicated to Group employees around the world. After the closure of the registration period... more
Economy and financeDe' Longhi rewards its employees
An extraordinary bonus of 11 million euros approved
The board of directors of De 'Longhi SpA has approved the allocation of an extraordinary bonus for the employees and collaborators of the Group for a total amount of approximately € 11 million which w... more
Economy and financeVerallia invests in Italy
The construction of a new oven for food & beverage made in Italy has been announced
Verallia, a global manufacturer of glass packaging for food and beverages, is still investing in Italy with the “Forno 83” project, the 12th of the Group in Italy, which from 2024 will give new impetus to... more
Economy and financeCampbell Soup: last quarter down
The company records a decline in sales of 4%, for a total of 2.24 billion dollars
Campbell Soup Company recorded a 4% drop (totaling $ 2.24 billion) in net sales during its final quarter of 2021, due to several supply chain disruptions and a labor shortage. Net earnings fell 15% from... more
Economy and financeNestlé reduces its stake in L'Oreal
It will collect € 8.9 billion
Nestlé will reduce its L'Oreal stake to 20.1% from 23.3% after it sells 22.26 million shares back to the French beauty company. L'Oréal will pay €400 per share with a combination of cash and debt, wit... more
Economy and financeAutogrill refinances the debt
The transaction allows the group to extend the average duration of the debt at 31 December 2021 to 4.5 years
Autogrill completed the refinancing of the Group's overall financial debt through the closing of the previously announced financing transaction for a total maximum principal amount of one billion euros,... more
Economy and financeLievità: crowdfunding campaign successfully concluded
Achieved the maximum goal of 1 million euros
Lievità, the Italian gourmet pizza chain inspired by the Neapolitan tradition, has concluded the equity crowdfunding campaign on the Mamacrowd platform. After going into overfunding in just 48 hours from... more
Economy and financeGrana Padano: a more than positive 2021
Global consumption recorded + 1.4% compared to 2020
In 2021 Grana Padano recovered its out-of-home sales and is confirmed as the most consumed PDO product in the world with a clear recovery also in the foreign market. The restart of the catering and away... more
Economy and financeBerlin packaging welcomes new shareholders
Oak Hill Capital and Cpp investments lead company recapitalisation
Oak Hill Capital and Canada Pension Plan Investment Board have entered into a definitive recapitalization agreement with Berlin Packaging L.L.C. to facilitate the next phase of its growth. Berlin Packaging's... more
Economy and financeMondelez International: Q3 2021 financial results published
Strong revenue growth was recorded: + 7.8%
Mondelez International reported results for the third quarter of 2021. "We experienced strong revenue and earnings growth in the third quarter with ample strength in both developed and emerging markets.... more
Economy and financeNestlè, sales soar in the first nine months of the year
Organic growth of between 6% and 7% is expected for 2021
In the first 9 months of 2021 Nestlé recorded organic growth of 7.6%, with real internal growth (Rig) of 6.0% and prices of 1.6%. Growth was supported by continued momentum in retail sales, the steady... more
Economy and financeTyson Foods invests $ 355 million in a bacon factory in Kentucky
The opening of the plant is scheduled for the end of 2023
Tyson Foods has announced that it will invest $ 355 million to build a 400,000-square-foot manufacturing facility in Bowling Green, Kentucky, USA. The factory will produce Jimmy Dean and Wright Brand's... more
WinesCantina di Valdobbiadene: the group's turnover grows by almost 20%
In the last financial year 2020 - 2021 it increased from 47 to over 56 million euros
The turnover of the Cantina Produttori di Valdobbiadene group and of the wholly owned capital company Val D'Oca srl, which deals with the marketing and promotion of wines produced with the grapes of the... more
Economy and financeAgri-food made in Italy: the sector beats Covid
It is worth 522 billion euros (15% of GDP), according to the Tor Vergata University study
One year after the outbreak of the pandemic, the made in Italy agri-food sector passes the Covid test: in fact, in 2020 the sector is worth 522 billion euros, representing a good 15% of Italian GDP. It... more
Economy and financeRevolving pledge: agreement Crédit Agricole Italia and the Chianti Classico Consortium
Cooperation between farms, local authorities and the banking system, for the benefit of the area
Crédit Agricole Italia has signed a collaboration agreement with the Chianti Classico Consortium, the protection consortium founded in 1924 to support and enhance its product with a controlled and guaranteed... more
Economy and financeEU, Zanaco, Team Europe and BEI support small farmers in Zambia
An agricultural investment initiative of 30 million euros is launched
Smallholder farmers and rural cooperatives across Zambia will benefit from a new € 30 million initiative to be exploited in agricultural investments launched in Lusaka and Luxembourg. The new initiative w... more
Economy and financeFunds: Linfa Ventures aims to raise 80 million
Gaiani: "The food of the future is a high-tech challenge"
Riello Investimenti Partners, an independent asset management company, has decided to focus on innovation in the agri-food sector, launching a specific fund, Linfa Ventures, which aims to raise at least... more
Economy and financeAutogrill closes the first eight months with 1.5 billion in revenues
An increase of 9.3% compared to the same period of the previous year
Autogrill closed the first eight months with revenues of € 1.5 billion, up 9.3% on an annual basis. An improvement in the underlying Ebit of -28 million, compared to a red of 332.2 million at 31 August 2... more
Economy and financeBonifiche Ferraresi approves the 1H financial report
Production value of 46.1 million euros in line with the first half of 2020
The board of directors of BFSpA approved the consolidated half-yearly financial report as at 30 June 2021. This refers to the parent company Bf and the subsidiaries Bonifiche Ferraresi SpA agricultural... more
Economy and financeRevolving pledge: also available to Provolone Valpadana
Agreement signed between the consortium and Intesa Sanpaolo to enhance the production of dop
An agreement was signed in Cremona to strengthen access to credit for companies in the dairy supply chain between Intesa Sanpaolo and the Consorzio Tutela Provolone Valpadana DOP. According to the agreement,... more
Economy and financeArdian acquires majority stake in Florida Food Products
MidOcean Partners maintains a significant equity stake alongside of Ardian
Ardian, a world-leading private investment house, announced today that it has acquired a majority stake in Florida Food Products through its U.S. Buyout team from MidOcean Partners for an enterprise value... more