{
  "id": 3714226,
  "title": "Familienunternehmen: Tchibo wächst – auch dank höherer Kaffeepreise",
  "url": "https://urgent.news/2026/08/27/familienunternehmen-tchibo-wachst-auch-dank-hoherer-kaffeepreise",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-27T10:00:00.000Z",
  "source": {
    "name": "Handelsblatt",
    "slug": "handelsblatt",
    "url": "https://www.handelsblatt.com/unternehmen/mittelstand/familienunternehmer/tchibo-kaffeeroester-waechst-auch-dank-hoeherer-kaffeepreise/100248007.html"
  },
  "original_language": "de",
  "account": "Düsseldorf - The Herz family's privately held company, Maxingvest, has been quietly releasing financial data from Tchibo, the coffee roaster and retailer. Since their loss-making year in 2022, Tchibo has focused more on its coffee business, resulting in increased revenues and consistent profits. In the 2025 fiscal year, Tchibo's revenues grew by 11 percent to 3.72 billion euros, with organic growth at 12 percent. All sales channels, including online retail and all country-specific companies, contributed to the results. The company's operating profit (EBIT) slightly decreased due to one-time effects, with EBIT margin dropping from 5 to 4.3 percent. Tchibo is a 100 percent subsidiary of Maxingvest and contributes about a third to its total revenue. Additionally, Maxingvest holds more than 50 percent of the voting rights in consumer goods giant Beiersdorf, consolidating the entire company. Beiersdorf's 2025 annual figures have been known since March. Maxingvest's overall turnover increased by three percent to 13.6 billion euros, with organic growth at five percent. The operating profit rose slightly from 1.43 to 1.46 billion euros, with the EBIT margin remaining stable at 10.8 percent. Tchibo's coffee business saw particularly strong growth, partly due to price increases following the trade magazine's request. The company anticipates slightly lower coffee harvest due to uncertain supply chains and climate change, leading to moderate revenue growth and lower operating profit. Tchibo sells its coffee and non-food items through around 550 stores in Germany and around 320 abroad. Its depot network in supermarkets, bakeries, and specialty shops no longer exists, having shrunk from 24,000 to fewer locations in recent years. The non-food business has become more challenging due to competition from discounters like Aldi, indie retailers like Action, and online platforms such as the Chinese Temu. Professor Gerrit Heinemann of Hochschule Niederrhein in Mönchengladbach notes Tchibo's remarkable resilience in the non-food sector despite intense competition. He attributes Tchibo's stability to its creative product range and professional management. Recently, Tchibo announced the termination of its Depot business, joining a list of other non-food retailers like Kodi, Mäc Geiz, and Hellweg, which have recently declared insolvency. Tchibo's unique selling point lies in its diverse product assortment and professional management. Furthermore, EU directives, such as packaging rules and a prohibition on disposal, increasingly target companies with substantial non-food businesses like Tchibo. Consumers are also increasingly avoiding new non-food products during inflation and geopolitical uncertainty. However, the coffee business remains a point of contention with a discount rival. Consequently, the 1949-founded corporation has initiated a review with Germany's Federal Court of Justice. Tchibo has already attempted to sue Aldi Süd twice, disputing whether coffee can be sold at production cost to deter smaller competitors. While more retailers are also becoming manufacturers, buying green coffee for their roasteries, Tchibo argues that a retailer cannot sell below production cost, as it may displace smaller competitors. The outcome of the Federal Court decision is unknown, but the company cannot predict when it will occur. Beiersdorf, the Hamburg producer of Nivea, saw a marginal increase in its overall turnover from 9.850 to 9.852 billion euros, with organic growth at two percent. The company fell short of its own expectations, primarily due to a weakening of the Nivea skincare brand. In response, CEO Vincent Warnery aims to return the brand to its roots. Beiersdorf expects a slight sales decline in the low single-digit percentage range and an EBIT margin of at least 11.8 percent for the current year.",
  "summary": "Der Kaffeeröster und Einzelhändler steigert den Umsatz und macht etwas weniger Gewinn. Die Prognosen für das laufende Geschäftsjahr der Konzernmutter Maxingvest sind sehr verhalten.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}