Tchibo hit by price fluctuation

Article Abstract:

German coffee group Tchibo has come under pressure as a result of continued fierce competition on price. The group reported a decline in first quarter sales that was softened only partially by an increase in turnover from consumer goods and the Reemtsma cigarette group, in which Tchibo holds a stake. Although volume sales of coffee rose 7% in the first three months of 1999, turnover dipped slightly, reported Wilfried Boysen, who is joint chief executive with Gunther Herz. Nevertheless, the 7% increase in turnover registered by the consumer goods business, which now accounts for 55% of turnover but 75% of profits following Tchibo's takeover of Eduscho, has ensured the continued growth of the business.

Tchibo Frisch-Rost-Kaffee GmbH

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Dairy driving growth in organics

Article Abstract:

There is an increase in sales and demand of organic dairy products in Europe, most specially in Germany, Switzerland, Austria, Denmark and Sweden. Details of market share are discussed. Statistical data is also included in the article.

United Kingdom, Netherlands, Forecasts, trends, outlooks, Sales & consumption, Food Manufacturing, Switzerland, Dairy Products, Dairy Product Manufacturing, FOOD AND KINDRED PRODUCTS, Health Foods, Natural foods

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Philip Morris strong despite litigation worries

Article Abstract:

Philip Morris and Kraft posted second quarter profits of 12% and 5.2% respectively in North America and Europe. Details of the financial results are discussed. Statistical data is also included.

Breweries, Malt beverages, Spain, North America, Ukraine, Latin America, TOBACCO PRODUCTS, Tobacco Manufacturing, Russia, Beer & Ale, Tobacco farms, Tobacco, Tobacco Farming, Frozen specialties, not elsewhere classified, Frozen Specialty Food Manufacturing, Frozen Pizza, Brewing industry, Frozen foods industry, Tobacco industry, Philip Morris Inc., Kraft Foods Inc.

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