Higher costs and consumers’ reluctance to buy pushed the retail group and coffee roaster Tchibo into the red in 2022. With a stable turnover of 3.25 billion euros before interest and taxes (EBIT), a loss of 167 million euros jumped out, as the Tchibo Holding Maxingvest announced on Tuesday in Hamburg. A year ago, Tchibo still had a positive EBIT of 176 million euros. The company does not provide any information on earnings after taxes.
Tchibo explains the red numbers with dramatically increased raw material, energy and freight costs as well as the global supply chain crisis. Another factor stated is that the planned turnover in the retail business apart from food “was not realized due to the inflation-related reluctance of customers to buy”. Correspondingly higher inventories thus burdened the result.
In view of the supply chains that have been disrupted for a long time, the war in Ukraine, as well as rising raw material and energy prices and consumers’ waning consumer spending, Tchibo had already forecast a significant drop in EBIT a year ago.
Tchibo is 100 percent owned by the Maxingvest holding, in which part of the Hamburg family Herz has bundled its holdings. The second pillar of Maxingvest is the majority stake in the Hamburg Nivea manufacturer and Dax group Beiersdorf (a good 51 percent), which also includes the adhesive film producer Tesa. (dpa)