The retail group and coffee roaster Tchibo also fought the consequences of the corona pandemic in 2021. The bottom line is that Tchibo’s sales increased by four percent to a good 3.25 billion euros, as the Tchibo holding company Maxingvest announced in Hamburg on Tuesday. Before taxes and interest (EBIT), a profit of 176 million euros jumped out, almost twice as much as in the previous year with 90 million euros.
However, the company is not very optimistic for the current year: Tchibo cites the persistently disrupted supply chains, the war in Ukraine, rising raw material and energy prices and a waning consumer appetite as dampening factors. “Against this background, Tchibo expects sales to be below the previous year with a significant drop in EBIT.”
Tchibo sees itself as the German roasted coffee market leader with hundreds of its own branches, but is also one of the leading online retailers. This multi-channel sales system has made a significant contribution to “getting through the crisis solidly”. A positive development in the coffee and consumer goods business in online and food retailing was able to more than offset the consequences of pandemic-related closures in the branch and out-of-home business. However, the disruption to global supply chains had already had a “strong dampening effect on business” by the end of 2021.
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.