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Circular Economy News — Week 21
Summary about last week (21)
- Schwarz Gruppe Achieves €167.2 Billion in Revenue with 8.5% Growth 🚀
- Ambitious Goals in New EU Critical Raw Materials Law ⚙️
- New Regulations on Waste Shipments Implemented ♻️
- Electric Steel Production Plummets by 10.8% in 2023 🏭
- CoffeeB Introduces Waste-Free Single-Serve Coffee Pods ☕
- Copper Scrap Prices Surge After LME Record High 📈
- Mondi Invests €200 Million in Duino Plant for Recycled Paper 🌱
- EU Recycling Raw Material Exports Hit Record High in 2023 🌍
- Vitesco Technologies and Kyburz Collaborate on Battery Recycling in Saxony 🔋
- Erema and Lindner Collaboration Yields Results in Plastic Recycling 🌐
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1. Schwarz Gruppe Achieves €167.2 Billion in Revenue with 8.5% Growth 🚀
In the fiscal year 2023, Schwarz Gruppe reported a total revenue of €167.2 billion, marking an 8.5% increase from the previous year. This growth was driven by effective cost and process management despite challenges like inflation and higher input costs. The number of employees remained steady at 575,000, while the number of stores increased by 200, reaching approximately 13,900. Lidl and Kaufland saw significant sales growth, with Lidl’s revenue rising by 9.4% to €125.5 billion and Kaufland’s by 7.8% to €34.2 billion. Online sales, however, declined by 9.4%, aligning with broader market trends post-pandemic.
PreZero, the environmental division, experienced a decline in revenue by 5.9% to €3.7 billion due to lower prices in some raw material markets. Nonetheless, PreZero expanded its service areas significantly. Schwarz Gruppe’s production sector also grew, contributing €4.2 billion in sales, primarily to Lidl and Kaufland, representing a 26% increase.
The newly established Schwarz Digits division, focusing on IT and digital services, generated €1.9 billion in revenue. The group invested €8 billion in various strategic areas, including store modernization and digital infrastructure, emphasizing the importance…
