retail sector news

27th Apr 2023

Austrian technology group Andritz has reported a 28.5 per cent increase in revenue to €1,962.6 million for Q1 FY23 compared to Q1 FY22. The company's order intake fell 6.5 per cent YoY to €2,420.2 million, with the exception of its metals business area, which saw growth. Despite the decline in orders, Andritz's order backlog rose to €10,407.8 million.

27th Apr 2023

Finnish company Valmet reported a 17 per cent YoY increase in orders received to €1,552 million in Q1 FY23, with net sales increasing by 38 per cent YoY to €1,321 million. The order backlog at the end of the reporting period amounted to €4,595 million. The company estimates net sales and comparable EBITA to increase in FY23 compared to FY22.

26th Apr 2023

American firm Hexcel Corporation reported Q1 FY23 sales of $457.7 million, up 17.2 per cent YoY, driven by commercial aerospace sales, which grew by 30 per cent to reach $284.5 million. The company's adjusted operating income increased to $63 million or 13.8 per cent of sales, compared to $31.1 million, or 8 per cent of sales in Q1 FY22.

26th Apr 2023

Kimberly-Clark has posted a 2 per cent YoY growth in sales to $5.2 billion in Q1 FY23. Organic sales rose 5 per cent YoY, with North American sales up 5 per cent YoY. The company's personal care segment reported sales of $2.7 billion, while the consumer tissue segment reported sales of $1.6 billion. Net sales are expected to grow by 0-2 per cent in...

26th Apr 2023

Gurit has reported a 26.6 per cent YoY growth in Q1 net sales, reaching CHF 117.4 million, attributed to its composite materials division's performance, which achieved a 36.2 per cent YoY increase in net sales. The company’s guidance for FY23 remains unchanged, with an expected net sales of CHF 450-510 million and an operating profit margin of 2-5 per ...

25th Apr 2023

PFNonwovens has partnered with Borealis to enhance nonwoven production for the personal hygiene market by using Bornewables polypropylene resins. The raw material feedstock is derived entirely from waste and residue vegetable oil streams, reducing the eco-footprint. The renewable content is mass balance accredited under the ISCC Plus certification...

25th Apr 2023

P&G has reported a 4 per cent growth in Q3 FY23 net sales to $20.8 billion, with organic sales up 7 per cent. Diluted net earnings per share also increase by 3 per cent due to increased net sales, operating margin and a reduction in shares outstanding. P&G expects all-in sales to grow approximately 1 per cent and organic sales to grow 6 per cent for...

25th Apr 2023

Cambridge University researchers have developed next-generation smart textiles that incorporate LEDs, sensors, energy harvesting, and storage. The researchers created test patches of smart textiles measuring around 50x50 cm, which could be scaled up. They can be produced inexpensively and, in any shape, or size using machines used to make everyday...

24th Apr 2023

India's National Technical Textiles Mission held a brainstorming session on growth opportunities in hometech and clothtech during the Saurashtra Tamil Sangamam in Rajkot, Gujarat. The event was attended by ministers Piyush Goyal and Darshana Vikram Jardosh along with industry leaders. The session focused on investment and export opportunities in the...