Likewise, the so-called 'happiness brand', which once change

Suit to red, has surpassed pepsico in profit (8,421 million, as it has only increased by 1.8%). The 'happiness brand' has reasons to smile, because both in the fourth quarter and throughout the year it gained value share in the total number of ready-to-drink non-alcoholic beverages. “we are confident that our strategy, our powerful portfolio and our harmonized system will continue to create value for our stakeholders in 2024 and over the long term,” said the president and ceo of the coca-cola company, james quincey . And they anticipate that both organic revenue and comparable earnings per share without the effect of the exchange rate will continue to grow.It is never a good thing to issue more debt, but it is even worse to have to pay more for it. This is what happened at the treasury auction this tuesday. The pu Country Email List blic body has placed 440.8 million in three-month bills at a marginal interest of 3.74%, much higher than the 3.53% of the previous auction -january- and the highest interest since november 2011. It has also placed 1,595.4 million in nine-month bills, this time at a marginal interest of 3.5%, higher than the previous 3.49%. In total, the treasury has placed 2,036.27 million euros against a demand that has tripled and reached 6,261 million, according to data from the bank of spain. Logical, because the more interest, the more demand. Higher demand is not a success. True success is not having to issue any debt.The french tire manufacturer notes in its results the 600 million provisions for industrial restructuring (such as 1,532 layoffs in germany when closing two plants and moving offices to poland, or 176 in spain), and the currency effect.



Cristina martín 02/13/24 15:33 florent mengaux, ceo of milchelin, highlights “the solid results” in 2023 obtained in a challenging business environment, including the exit from russia florent mengaux, ceo of milchelin, highlights “the solid results” in 2023 obtained in a challenging business environment, including the exit from russia michelin 'wheels' on the stock market (its price rises 7%, to 33 euros, compared to the cac 40 index - the french selective - which falls 0.52%), after announcing that it will propose an 8% increase to the annual meeting in the dividend and will also begin a share repurchase plan , which could reach a total of around 1,000 million euros in the period 2024-2026. News that investors have liked a lot, although it comes despite the reduction in income in 2023 and the fact that it has only earned 1.3% more than the previous year. The french tire manufacturer has had revenues of 28,343 million, which represents 247 million in 2022. This is mainly due to the drop in tire sales by 4.7% (largely due to replacement tires). Where it was affected by the massive reduction in inventories, while the originals grew), and which was partly offset by sales of products other than tires (+10%, to 146 million). Related michelin 'wheels': it earns 7.4% more… thanks to the increase in prices, because it sells 6.6% fewer units, after leaving russia the gross operating result (ebitda) of the sectors has risen 4%, to 5,489 million. Operating profit has reached a record of 3,572 million, which represents a margin of 12.6% of sales, despite the negative market conditions and the negative effect of currencies (-2.9%). For its part, net profit has decreased by 1.3%, to 1,980 million, due to the 600 million in provisions for industrial restructuring, such as: the 1,532 layoffs in germany due to the gradual cessation of industrial activity at the plants.







Karlsruhe and trier, and production in homburg, as well as the transfer of offices to poland; or in spain the readjustment of the workforce of 150 people at the vitoria plant and 26 at the lasarte plant, as well as the forecasts of low production at the aranda de duero and valladolid plants. The layoffs announced in germany were due to low-cost truck tires arriving from asian countries and the increase in production costs. Florent mengaux , ceo of milchelin, highlighted “the solid results” obtained in a challenging business environment, including the exit from russia , and expressed his gratitude to the teams “for their enormous ability to adapt on a daily basis.” likewise, he added that with the figures obtained "Our group has demonstrated its ability to meet the objectives set for 2023 within its 'michelin in motion 2030' strategy and looks forward to the next steps." looking ahead to this year, he foresees that the operating profit target will exceed 3.5 billion. Of course, it has started by having to face some forecast that could generate uncertainty: with the red sea crisis and its impact on the supply chain, it stopped production in its four spanish plants (vitoria, lasarte, aranda de duero and valladolid ) for more than two weeks due to lack of rubber . Remember that in our country michelin employs about 7,000 people , of the 125,000 it has in total around the world, and it does so between its four factories, the experience (that is, testing) center in almería, the distribution center of illescas and the commercial address located in tres cantos. Michelin is one of the world's leading tire manufacturers, along with the japanese bridgestone , the american goodyear , the german continental and the italian pirelli , among others.A retired spanish banking executive tells me that the priesthood and banking are the only two professions in which experience is more important than knowledge.