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Family business roundup: Profits may drop, but revenues grow

May 3, 2012

A number of family businesses from around the world have gone against the trend of slowed growth, by posting rises in revenues.

Among these is German carmaker BMW, controlled by the Quandt family. On 3 May, the group said it had its “best first-quarter figures ever” in its 100-plus-year history. Revenues rose by 14% to €18.3 billion, up from around €16 billion for the same period last year.

Family business roundup: Profits down at Haniel, Loews and Indofood

May 1, 2012

Full-year profits have halved at Haniel, the German conglomerate controlled by the Haniel family, but two family businesses in North America and Asia have fared slightly better.

Duisburg-based Haniel, which has stakes in firms such as pharmaceutical company Celesio and retailer Metro Group, said on 30 April that its pre-tax profit dropped 50% in 2011 to €390 million, from €620 million one year earlier.

Germany's richest families benefit from retail recovery

August 3, 2010

The worldwide recovery in consumer spending helped to bolster the earnings of Metro AG, one of the world’s biggest family-controlled retailers.

The worldwide recovery in consumer spending helped to bolster the earnings of Metro AG, one of the world's biggest family-controlled retailers.

Metro reported earnings before interest and tax for the six months to the end of June rising to €369 million, from €302 million a year ago. Sales rose 2.4% to €31.2 billion. Non-family chief executive Eckhard Cordes said in a statement that Metro plans to rise capital spending to €2.1 billion in 2011, up from €1.9 billion this year.

Haniel announces new corporate strategy

April 29, 2008

Haniel – the family-owned diversified German group – has announced a new strategy that is to focus on trading and services.

Haniel – the family-owned diversified German group – has announced a new strategy that is to focus on trading and services. The group is currently active across a wide range of industries from Europe's leading drugs wholesaler to the recycling of raw materials for the steel industry. However, the group's production sector looks set to be jettisoned.