The coronavirus crisis has given wings to Ahold Delhaize: the supermarket group achieved a 16?% rise in turnover this quarter, while doubling its profits. The current pandemic caused a 78?% increase in online sales, causing the group to revise its full-year forecasts upwards.
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Over the past six months, EssilorLuxottica (Ray-Ban, Varilux) has seen its profits evaporate almost completely. In the meantime, the planned merger with GrandVision has led to a war between the two parties.
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Uniquely among the main fashion brands, Spanish Mango is positive about the first half of 2020. Despite the measures to stop the spread of Covid-19, the chain did not suffer significant turnover losses in important European markets.
Coffee and tea giant JDE Peet's saw the drop in out-of-home coffee consumption compensated by a rise in home consumption, where customers seem to prefer more expensive coffees.
Outdoor group VF Corp, owner of brands like The North Face and Vans, saw its turnover halved last quarter, but is very optimistic about the long-term future as outdoors, sustainability, casual wear and digital sales are on the rise.
Comparable sales went down more than 40?% at French luxury brand Hermès, which felt obligated to emphasise that the crisis is not over yet.?
Cosmetics lose their importance during lockdowns: L'Oréal's turnover went down more than expected, while profit dropped as well.
Amazon reached its highest profit ever thanks to the Covid-19 pandemic: it sold 40?% more than the year before, enabling profit to double to 5.2?billion dollars (4.4?billion euros).
AB InBev has suffered a huge downturn in beer sales last quarter, due to the measures to stop the spread of Covid-19. Profits went downhill even faster for the world's largest brewery group, which also had to admit a huge impairment in Africa.
French luxury group Kering, owner of Gucci and rival to LVMH, saw its sales drop by 44?% in the past quarter. Despite the first signs of recovery after the lockdowns, especially in China, the second half of the year remains uncertain.
Helped by strong growth figures in Belgium, Spain and Brazil, French hypermarket chain Carrefour ended the first half of the year with results that were better than expected. The group is focusing even more strongly on cost savings in order to increase profitability.
Dutch suit maker SuitSupply has improved dramatically from last year: its net loss is almost gone, and it found new capital to continue growth.
Luxury is one of the worst hit sectors by the covid pandemic, as proven (again) by LVMH's half-year results. Turnover went down 27?%, net profit even 85?%.
Unilever has exceeded expectations last semester: profit grew even during the height of the Covid-19 crisis. Still, the company decided to divest (most of) its tea segment.
Dutch food wholesaler Sligro suffered a 17?% turnover drop last semester, as the Covid-19 fallout also halved its EBIT and pushed net profit far below zero.
The Covid-measures inflicted Coca-Cola with a 28?% turnover drop in the second quarter of its financial year. Still, the soft drinks producer remains hopeful as it sees signs of recovery.