Distribution group – Tchibo challenges the pandemic economy

The Tchibo retail and roaster group benefited from the general boom in online commerce in 2020 and successfully countered the consequences of corona containment. Sales rose last year by around 1% to 3.1 billion euros, as Tchibo Holding Maxingvest announced on Tuesday. Before taxes and interest, a profit of 90 million euros jumped, about a third less than in 2019. In the coffee sector, Tchibo suffered from a long shutdown of 900 European branches last year. The mainstays of the business, on the other hand, were the sale of coffee through food retailers and “the good development of the consumer goods business”.

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