E.ON increases investments for energy transition
Billions in investments for energy networks and energy infrastructure solutions. E.ON recently presented its business figures for the year 2023. According to the press release, the energy group was able to continue its growth trajectory in 2023. E.ON, by its own account, achieved a result for the full year that is significantly higher than the previous year's figure. At the same time, the Essen-based group announced that it would increase its medium-term planned investments by around 30 percent […]
Duisport Group founds Duisport logistics & port services
Consolidation of various logistics services into a single entity The Duisport Group announces the merging of its business divisions Duisport agency, Duisport facility logistics, and Bohnen Logistik into a single unit under the name Duisport logistics & port services. The merger is expected to be completed by the end of August 2024 and will be effective retrospectively from 1 January 2024. According to information from the press release, [...]
Otto Group: Change of management
Michael Otto hands over to Benjamin Otto. The Otto Group announced this week that there will be a generational change at Hamburg's major retail company in 2026. Accordingly, Michael Otto will hand over the leadership of the Otto Group to his son Benjamin Otto in 2026. According to the press release, Benjamin Otto will then become Chairman of the Board of Trustees of the Michael Otto Foundation, at […]
600,000 euros invested in sustainability
Modernisation of the recycling and circulation system in Alling MEA Bausysteme has announced it has invested over €600,000 in the modernisation of its precast concrete plant in Alling. This is part of an investment programme aimed at enhancing sustainability, production safety, and quality. The Alling site is intended to become a model for sustainability and innovation in the construction industry. Recycling system […]
Dräger: Successful fiscal year
Increased revenue and profit, higher dividend For the financial year 2023, Drägerwerk AG & Co. KGaA (Dräger), based in Lübeck, was recently able to report positive development. The family-run company, which specialises in medical and safety technology, achieved a revenue of around 3.4 billion euros in 2023. This corresponds to an increase of 13.1 percent compared to […]
w3logistics AG at the LogiMAT 2024
Logistics solutions for SMEs From 19 to 21 March 2024, LogiMAT, an international trade fair for intralogistics solutions and process management, will take place in Stuttgart. w3logistics AG, a company offering software solutions for logistics, will also be represented there. Services from w3logistics AG The motto of w3logistics AG is „100% SMEs“. The focus […]
Slump in profits at DHL
Following a very successful 2022, DHL Group has now presented significantly weaker figures for the 2023 financial year. According to the press release, the logistics provider's revenue in 2023 was €81.8 billion, down from €94.4 billion in the previous year. Operating profit (EBIT) fell from €8.4 billion to €6.3 billion. Free cash flow before net M&A […]
Zumtobel: Stand concept at Light + Building honoured
Sustainable Exhibition Stand Award for Vorarlberg Lighting Group The Zumtobel Group has been recognised for its trade fair stand at this year's Light + Building. The Vorarlberg-based lighting group received the Designplus Award in the „Sustainable Exhibition Stand“ category. As the company states in its press release, its stand concept embodies aspects of sustainability and combines them with architectural lightness. Designplus […]
Henkel: Strong business performance in 2023
Organic sales growth, improvement of the EBIT margin. Henkel recently announced strong business performance in 2023. According to the Düsseldorf-based group, sales grew organically by 4.2 per cent to 21.5 billion euros. In nominal terms, however, this represents a decrease of 3.9 per cent compared to 2022. The adjusted operating result (adjusted EBIT) rose by 10.2 per cent in 2023 [...]
Bayer aims to improve performance
Reduce debt, realign organisational model, reduce legal risks. Bayer CEO Bill Anderson spoke with a forward-looking perspective on Tuesday during the financial press conference in London for the Group, which is currently under intense public scrutiny. The Leverkusen-based pharmaceutical and agrochemical group reported that it had achieved its adjusted targets for the 2023 financial year. The CEO said: „We are a life science company with a high [...]