Tag: EBITDA

Maersk Expects Supply Chain Chaos to Buoy 2022 Profits

February 10, 2022
Business & EconomyCompaniescontainer shortageEBITDAEuropemaerskWorld
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COPENHAGEN—Shipping group Maersk expects 2022 earnings to be around as high as last year, it said on Wednesday, as the supply chain disruption that sent freight rates soaring extends into the first half. It expects underlying earnings before interest, tax, depreciation, and amortisation (EBITDA) at around $24 billion this year, similar to last year, but…

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Philips Registers 10 Percent Comparable Sales Decline in Q4

January 25, 2022
Business & EconomyCompaniesEBITDAglobal supply chainMarkets
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Koninklijke Philips NV reported a fourth-quarter FY21 sales decline of 5.6 percent year-on-year to €4.9 billion ($5.56 billion). The company attributed the comparable sales decline of 10 percent to headwinds caused by global supply chain challenges, postponement of equipment installations in hospitals, and consequences of the Respironics field action. The comparable order intake rose by 4…

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Heinz Kraft Increases Prices on Heels of $62 Million Securities Settlement

September 8, 2021
Business & EconomyCompaniesEBITDAeconomyketchupKraft HeinzsettlementUSUS News
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Pennsylvania-based Kraft Heinz company announced Wednesday that effective immediately, it has increased prices in about two-thirds of its U.S. portfolio and is prepared to take additional actions if the cost of manufacturing its products continues to rise. “We are implementing necessary pricing actions to manage the cost inflation we are currently seeing, including impacts likely…

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