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Weekly Round-Up ... 10 May 2022

Finnish dairy firm Valio has announced that HoReCa sales increased ‘considerably’ in its most recent financial year, boosted by its recent acquisition of Heinon Tukku, while retail sales were also up. The group reported a 6.1% increase in net sales in 2021, to €1.92 billion, with domestic net sales increasing by 10.9% and international net sales dropping by 0.7%. The group noted that, despite the ‘challenging situation’ owing to prolonged Covid-19 effects, it was able to keep the raw-milk price paid to cooperatives higher than the average European price. It recently announced the cessation of its operations in Russia.

Schwarz Gruppe, the owner of retailers Kaufland and Lidl, is set to expand its network of e-charging stations across Europe. The move will see the company add approximately 6,200 e-charging points by the end of its 2022 financial year. This will result in a total of around 13,000 e-charging points across Schwarz Gruppe’s retail network. The expansion project will see the group draw on its many years of experience in this area, while relying on its newly developed e-charging stations with fast-charging technology (DC).

JDE Peet’s, the pure-play coffee and tea company, has announced the execution of a share repurchase for a total amount of €500 million. The shares were purchased from shareholder Mondelēz International Holdings Netherlands B.V. at a price per share equal to the market closing price on Friday 6 May 2022. In discussing the terms of the transaction to the company and its stakeholders, including its shareholders, Fabien Simon, CEO of JDE Peet’s, said, “This represents a unique opportunity to increase the free-float percentage and improve our earnings per share at a very attractive price to the company.”

© 2022 Checkout – your source for the latest Irish retail news. Article by Donna Ahern. For more retail news, click here. Click sign up to subscribe to Checkout.

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