Heinemann Takes A Bow As The Only European Travel Retailer To Be Back In Profit - BitcoinEthereumNews.com
KabuhayanSi Heineman ay Busog Bilang Tanging European Travel Retailer na Makakabalik sa Kita04 / 30 / 2022Balita ng Ethereum ng Bitcoin Heineman arrivals duty-free store at Oslo Gardermoen Airport. Si Gebr. Heinemann One of the worlds biggest travel retailers, Gebr. Heineman, has gone where none of its European competitors have in 2021: into profit. This is quite a feat given that air travelers—who are the core shoppers in the travel retail business—were thin on the ground in airport shops last year, with 5.4 billion passengers effectively removed kumpara sa 2019 As a non-listed family business, Heineman has rarely discussed profitability in the past. This time around at its anual results conference it moved slightly on this position to say that the return to profit was “a major success”, though no further details were given. It is likely that the company has just scraped into the black given the caveat “excluding foreign exchange effects” but, bearing in mind the reduced level of travelers, the news is welcome. Larger European rivals, while making big advances on their 2020 losses, were still in the red. Dufry‘s results for 2021 revealed a net loss of $375 million (365 million Swiss francs) while Lagardère Travel Retail’s results showed its recurring EBIT