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Swiss pharma major Roche sees net income slump, forecasts 2024 growth

Swiss pharmaceutical company Roche announced net income was down but it expects mid single-digit sales increase for 2024. Roche reported that its International Financial Reporting Standards (IFRS) net income for fiscal year 2023 declined about 9% to 12.36 billion Swiss francs from 13.53 billion francs last year. But IFRS net income increased by 7% at constant exchange rates (CER) due to the increase in operating profit and lower income tax expenses. Core earnings per share was 18.57 francs down

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Daimler Truck manages small gain in 2023 sales

Daimler Truck managed a 1% gain in global sales in 2023, less than expected as supply chain issues still haunted the leading OEM. The post Daimler Truck manages small gain in 2023 sales appeared first on FreightWaves.

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Australian grocer Woolworths' Q1 sales rise on robust demand in food businesses

Woolworths, one of the country's biggest employers which makes up nearly 40% of all supermarket sales in Australia, said sales trends in October so far have been in line with its first quarter. While the cost-of-living pressures across Australia remained elevated, demand for groceries and essential items remained robust with supermarkets passing on the rising costs from suppliers to shoppers.

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Remy Cointreau confident on H2 rebound after weak start to year

PARIS (Reuters) -French spirits group Remy Cointreau on Tuesday reported a fall in first-quarter organic sales, reflecting weaker U.S. demand, high year-ago comparables and destocking, and said it was banking on a sharp rebound in sales in the U.S. from the third quarter. The maker of Remy Martin cognac and Cointreau also stuck to a forecast for flat organic sales and profitability in the full 2023/24 financial year, reflecting a sharp decline in sales in the first half followed by a strong recovery in the second half. Sales in the cognac division alone fell 44.7% on an organic basis in the quarter, as a massive decline in U.S. sales outpaced double digit sales growth in China driven by a recovery in demand in bars and restaurants and e-commerce growth.

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