COLOGNE, Germany, Sept 13 (Reuters) – Travel groups are
juggling exclusive, luxury products and package deals to ensure
they attract customers and maintain returns in the face of
online competition and consumer cutbacks, a travel and tourism
“No business model is immune to shocks and our industry is
more susceptible,” Horst Baier, chief financial officer of
German tourism and shipping group TUI AG (TUIGn.DE: Quote, Profile, Research, Stock Buzz), told the
conference on Tuesday.
FRANKFURT (Reuters) – Shares in Air Berlin (AB1.DE: Quote, Profile, Research, Stock Buzz) jumped last week after founder and CEO Joachim Hunold said he was stepping down, prompting optimism that a fresh pair of hands will be able to lead the loss-making company through a restructuring.
“I have the intention of changing things,” designated interim Chief Executive Hartmut Mehdorn told Reuters last week. “I want to pull all the strings together.”
FRANKFURT, Aug 11 (Reuters) – German tourism and shipping
group TUI AG (TUIGn.DE: Quote, Profile, Research, Stock Buzz) abandoned its forecast for higher 2011
profit, as uprisings in North Africa put tourists off and in the
face of a tough shipping environment.
TUI, which owns Europe’s largest tour operator TUI Travel
, reported an 11 percent fall in third-quarter underlying
earnings and said profit for the year to September will be flat.
FRANKFURT, Aug 10 (Reuters) – German consumer goods group
Henkel (HNKG_p.DE: Quote, Profile, Research, Stock Buzz) said further price rises were on the way for
its products as it and rivals battle increasing raw material
An improved sales outlook and an 8 percent rise in core
quarterly profit also boosted its shares on Wednesday.
FRANKFURT, Aug 9 (Reuters) – German air traffic controllers
will not strike on Tuesday morning, after their employer agreed
to mediation at the last minute.
Shortly after midnight, a judge in Frankfurt rejected an
appeal from the air traffic controllers’ authority, the DFS,
thus allowing a six-hour strike planned by air traffic
controllers’ union GdF for 0400-1000 GMT on Tuesday to go
FRANKFURT, Aug 8 (Reuters) – A Frankfurt court said
Germany’s air traffic controllers can strike for six hours on
Tuesday morning in a dispute over pay and conditions, a move
which will disrupt thousands of flights in a busy summer week.
The DFS air traffic authority said on Monday it would appeal
the decision by the court to reject calls for an injunction to
prevent the stoppage, which will take place from 0400 GMT until
1000 GMT on Tuesday.
FRANKFURT (Reuters) – Adidas (ADSGn.DE: Quote, Profile, Research, Stock Buzz) raised its year forecasts again on Thursday after demand for its three-stripe branded sportswear from Chinese and U.S. customers led to a 5 percent rise in second quarter sales.
Adidas, the world’s second-largest sports clothing company after Nike (NKE.N: Quote, Profile, Research, Stock Buzz), has already raised its sales outlook twice this year as demand for sportswear soars.
LONDON/FRANKFURT (Reuters) – Some of Europe’s biggest consumer goods groups defied high input costs and tepid demand to report higher sales.
Unilever, Adidas and Beiersdorf raised prices, saw strong demand in China and benefited from a warm spring in Europe.
Aug 4 (Reuters) – * Q2 sales 1.495 bln eur vs Rtrs poll
avg 1.48 bln
* Q2 adj EBIT 183 mln eur vs poll avg 172 mln
* Sees slight increase in 2011 sales
* Shares rise over 5 percent
(Adds CEO comment, shares, Tesa unit)
FRANKFURT, Aug 4 (Reuters) – Beiersdorf reported a
return to growth at its core consumer division in the second
quarter as a massive marketing drive to entice customers back to
its Nivea skincare brand took effect.
Beiersdorf, which has launched a 100th anniversary campaign
for Nivea featuring singer Rihanna, said sales at the consumer
division rose 1.6 percent after having fallen by the same
percentage in the first quarter.
DUESSELDORF (Reuters) – Metro (MEOG.DE: Quote, Profile, Research, Stock Buzz), the world’s No.4 retailer, said it was getting harder to meet its full-year profit target as the global economic recovery falters and shoppers fret about the European debt crisis and higher food prices.
The German group, which runs cash and carry wholesale outlets, hypermarkets, electricals shops and department stores, missed forecasts on Tuesday with an 8 percent drop in second-quarter underlying earnings.