German coffee group Tchibo returned to profitability in its 2023 financial year, the Hamburg-based parent company Maxingvest reported on Thursday. Earnings before interest and taxes (EBIT) amounted to €68 million ($76 million), Maxingvest said. In the 2022 financial year, the retail group and coffee roaster posted a loss of €167 million. The company did not disclose its earnings after taxes. Tchibo credited the turnaround to lower raw material, energy and logistics prices as well as lower marketing and sales costs. In addition, strategic and structural changes, including almost 300 job cuts, h…