Coca-Cola HBC HY Pre-tax Profit Climbs

Coca-Cola HBC AG reported that its profit before tax for the six months ended 2 July 2021 climbed to 317.2 million euros from 167.2 million euros in the previous year.

Profit attributable to owners of the parent for the period rose to 233.1 million euros or 0.64 euros per share from 124.0 million euros or 0.34 euros per share last year.

Comparable net profit was 235.6 million euros up from 129.0 million euros in the previous year.

Net sales revenue grew to 3.25 billion euros from 2.83 billion euros last year. Volume grew by 15.9% on a like-for-like basis while Reported volume was up 13.8% – impacted by the re-organisation in the structure of our Russian Juice business.

FX-neutral revenue per case expanded 6.2%, or by 4.4% excluding pricing taken to offset the Polish sugar tax.

Cineworld H1 Loss Narrows, Sees Strong Trading In Q4; Stock Up

Shares of Cineworld Group plc (CINE.L) were gaining around 8 percent in the early morning trading in London after the Cinema operator reported Thursday that its first-half loss before tax narrowed to $576.4 million from last year’s loss of $1.64 billion.

Loss per share were 37.5 cents, narrower than loss of 115.3 cents a year ago.

Adjusted loss before tax was $658.5 million, compared to $567.7 million a year ago. Adjusted earnings per share were 42.4 cents, compared to loss of 31.8 cents last year.

Adjusted EBITDA was negative $21.1 million, compared to last year’s profit of $53.0 million. Adjusted EBITDAaL was negative $103.4 million, compared to last year’s negative $113.3 million.

Revenue declined 59 percent to $292.8 million from $712.4 million a year ago.

Admissions fell 70.3 percent to 14.1 million from 47.5 million last year.

Regarding the outlook, the company said Estate is now reopened and majority of capacity restrictions lifted in the US and in the UK since July 21.

The company anticipates strong trading in the fourth quarter supported by a strong film slate and pent-up demand for affordable out-of-home entertainment, subject to COVID-19 situation.

In London, Cineworld shares were trading at 65.89 pence, up 7.56 percent.

GERRY WEBER International Posts Narrower Loss In H1; Confirms FY21 Outlook

GERRY WEBER International AG (GRYIF.PK) posted a narrower normalised EBITDA loss in the first half of 2021. The company’s stores gradually reopened in full in the course of the second quarter. GERRY WEBER noted that the revenue trend in June was very positive.

For the first half period, net loss was 24.2 million euros compared to a loss of 34.2 million euros, prior year. Loss per share was 19.8 euros compared to a loss of 28.0 euros. Normalised EBITDA was a loss of 10.2 million euros compared to a loss of 22.9 million euros, prior year.

Total net sales were 107.7 million euros, approximately 23.4% below the level of the prior year period. The company’s German stores were closed between 1 January and 7 March 2021.

For fiscal 2021, the Managing Board continues to project consolidated net sales of between 260 million euros and 280 million euros. Normalised consolidated EBITDA is anticipated to be improved to a negative low double-digit million figure.

“Although we are currently seeing a recovery in online and physical sales that makes us confident, we do not expect to be able to offset the shortfall in sales incurred at the beginning of the current financial year 2021 in the further course of the year,” said Florian Frank, CFO.

HHLA H1 Profit Rises; Revenue Up 12.8%; Increases Revenue Forecast

Hamburger Hafen und Logistik AG (HHULF.PK,HHULY.PK) said the economic development of HHLA in the first half of 2021 was largely in line with expectations. The company said the positive business development was partially attributable to high storage fees as a result of continued shipping delays at the Port of Hamburg and a strong increase in container transport volumes. Looking forward, HHLA partially raised its forecast for 2021.

First-half profit after tax attributable to shareholders of the parent company increased to 38.8 million euros from 14.1 million euros, prior year. Earnings per share was 0.52 euros compared to 0.19 euros. Group operating result (EBIT) increased by 63.2 percent year-on-year to 90.5 million euros. Group revenue increased by 12.8 percent to 709.2 million euros.

For 2021, at Group level, HHLA now expects a significant increase in revenue, revised from prior guidance of moderate increase. The company still expects an operating result (EBIT) in the range of 153 million euros to 178 million euros.

Delivery Hero Q2 Orders Increase

German online food-delivery service Delivery Hero SE said that it processed 730.3 million orders in the second-quarter, an increase of 79% from last year.

Delivery Hero’s GMV grew 74% year-over-year to 8.4 billion euros, while total segment revenue increased 105% year-over-year to 1.5 billion euros.

Delivery Hero raised the full-year forecast of GMV to a range of 33 billion euros – 35 billion euros from the prior outlook of 31 billion euros – 34 billion euros. It also raised its annual total segment revenue to a range of 6.4 billion euros – 6.7 billion euros from the previous outlook of 6.1 billion euros – 6.6 billion euros.

Germany Factory Orders Growth At 10-Month High

Germany factory orders grew at the fastest pace in nearly a year in June underpinned by strong domestic demand, data from Destatis revealed on Thursday.

Factory orders advanced by more-than-expected 4.1 percent month-on-month in June, reversing a revised 3.2 percent fall in May. This was the biggest growth since August, when orders were up 4.5 percent. Orders were forecast to climb 1.9 percent.

Excluding major orders, new orders in manufacturing were 1.7 percent higher than in the previous month.

Domestic orders advanced 9.6 percent, while foreign orders went up only 0.4 percent in June. New orders from the euro area moved up 1.3 percent and that from other countries fell 0.2 percent compared with May.

Manufacturers of intermediate goods saw new orders increase by 1.4 percent compared with May. Demand for capital goods climbed 6.8 percent. On the other hand, new orders for consumer goods fell 1.1 percent.

Incoming orders are continuing their upward trend that has existed since the beginning of the year after a brief interruption in May, the economy ministry said.

On a yearly basis, manufacturing orders advanced sharply by 26.2 percent, but down from 54.9 percent in May.

Data showed that manufacturing turnover dropped 1.4 percent on month in June, following a 0.4 percent fall in May.

Destatis is slated to issue industrial production data for June on August 6. Economists forecast output to grow 0.5 percent on month, reversing a 0.3 percent fall in May.