NewsGermanyTchibo

‘Weak consumer climate’ and higher costs hit Tchibo’s full-year earnings

The German coffee roaster and coffee chain ended 2022 with a €167m ($182m) loss following higher operational costs and reduced consumer spending

Tchibo recently took steps to improve its finances, including freezing staff pay | Photo credit: Anna Sulencka

The German coffee roaster and coffee chain ended 2022 with a €167m ($182m) loss following higher operational costs and reduced consumer spending

Hamburg-based Tchibo ended 2022 in the red after being heavily impacted by increased raw material, energy and freight costs alongside dampened consumer confidence.

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