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The Latest Breaking News from EMEA

Read How Adidas Fared In Q4

Adidas AG (OTC:ADDYY) reported a fourth-quarter FY21 sales decline of 0.1% year-on-year, to €5.1 billion. Currency-neutral revenues in Q4 declined 3%. Supply shortages due to the lockdowns in Vietnam, challenging market environment in Greater China, and COVID-19 related lockdowns in Asia-Pacific reduced revenue growth by more than €400 million in Q4. Currency-neutral revenues…

Benzinga · Mar 9, 2022

Sonoco-Alcore Hikes Paperboard Prices In EMEA Region

Sonoco-Alcore Hikes Paperboard Prices In EMEA Region

Sonoco Products Co (NYSE:SON) said its subsidiary, Sonoco-Alcore, will raise prices by €100 (£85) / ton on all recycled paperboard grades sold in EMEA regions. The price rise will be effective for all shipments made on or after March 14, 2022. The move comes after a continued escalation in the cost of European energy. "These…

Benzinga · Mar 8, 2022

Coty Q2 Bottom-Line Beats Street View; Raises FY22 Adjusted EPS Outlook

Coty Q2 Bottom-Line Beats Street View; Raises FY22 Adjusted EPS Outlook

Coty Inc (NYSE:COTY) reported second-quarter FY22 sales growth of 11.5% year-on-year, to $1.58 billion, missing the analyst consensus of $1.60 billion. Like-For-Like (LFL) revenue increased 12% Y/Y, driven by a 12% increase in both Prestige and Consumer Beauty segments. Revenue in the Americas rose 9% Y/Y, EMEA increased 12%, and Asia-Pacific grew 17%.…

Benzinga · Feb 8, 2022

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Otis Worldwide Stock Gains Post Q4 Results, Provides FY22 Guidance

Otis Worldwide Corp (NYSE:OTIS) reported fourth-quarter FY21 sales growth of 2.2% year-over-year to $3.569 billion, +2.8% on an organic basis, missing the consensus of $3.58 billion. New Equipment sales of $1.56 billion (+2% Y/Y), +1.2% organic. Organic sales were 11.9% in Asia, partially offset by a decline of 9.5% and 6.3% in the…

Benzinga · Jan 31, 2022

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