The Hamburg consumer goods group Tchibo was able to increase sales again in the last financial year due to the past management decisions. The sales of the core business increased by six percent to 3.2 billion euros in the previous year, as the Tchibo-Holding Maxingvest announced.
In the 2024 financial year, the coffee roaster recorded a clientele plus in the online business, increasing orders in branches and attractive sales in the recent crisis -based use article business. The sales of coffee abroad could also be increased. The so-called out-of-home business also grew with coffee, which means, for example, the supply of hotels. However, the holding in the communication did not name individual figures on the developments. In the 2023 financial year, Tchibo had booked sales of one percent.
The profit before interest and tax increased from 68 to 167 million euros. At first there was no information about the result after taxes.
Fluctuating raw coffee prices cloudy outlook
Tchibo complains that fluctuating raw coffee prices spoil the view of the ongoing financial year. Raw coffee refers to green coffee beans before they are roasted. The company still expects sales growth. The result is expected to be below that of 2024.
In the summer of 2023, Tchibo had initiated strategy and structural changes: the ranges were geared towards the different sales channels branch, depot and online trade. The company focused on the coffee business.