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Heineken exits Russia, expects 400m euro hit

Dutch brewing giant Heineken NV yesterday said it would exit the Russian market after previously saying it would halt new investments and exports there, anticipating a charge of 400 million euros (US$439.5 million). “We have concluded that Heineken’s ownership of the business in Russia is no longer sustainable nor viable in the current environment,” it said in a statement, adding that it would not profit from any transfer of ownership. Heineken, which brews the Botsjkarev, Ochota en Tri Me...
Han I Republic Of Volodymyr Zelenskiy Tri Medvjedja President Volodymyr Zelenskiy Per Hansen

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Pandemic propels makeover at shipping giant Maersk | Hellenic Shipping News Worldwide

Pandemic propels makeover at shipping giant Maersk Shipping group Maersk said on Tuesday it expects average returns on invested capital towards 2025 to be significantly above recent years, propelled by high demand for containers to meet a surge in consumer orders. The Danish company said it aims to bolster supply chain logistics for clients such as Puma and Walmart as it spurs a transformation that began before the pandemic. Maersk Chief Executive Soren Skou told investors at a Capital Markets ...
United States Soren Skou Emelia Sithole Matarise Jacob Gronholt Pedersen Chief Executive Soren Skou Capital Markets Day

UPDATE 2-Novozymes shares drop on lower sales, eyes growth in 2021

2/2/2021 * Q4 sales, EBIT miss expectations * Firm expects 2-6% sales growth this year * CFO sees return to growth in bioethanol market in Q2 (Adds share reaction, CFO comment, analyst comment, background) By Nikolaj Skydsgaard COPENHAGEN, Feb 2 (Reuters) - Novozymes shares fell 4% on Tuesday after the enzyme maker missed fourth-quarter sales and earnings expectations, but said it expected sales to bounce back in 2021. Sales were flat in 2020, short of the 5% annual growth target set out in 201...
Lars Green Nikolaj Skydsgaard Mark Potter Jan Harvey Ed Osmond Ester Baiget

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