indices in this article
ROUNDUP 2: Amazon threatens billions in fines from the EU for abuse of market power
BRSSEL – The world’s largest online retailer Amazon faces a billion-dollar competition penalty from the EU. According to the preliminary results of investigations by the EU Commission, the American company is abusing its market power and thereby violating antitrust regulations. The Amazon shares fell in the premature US trade last 1.7 percent.
ROUNDUP 2: Deutsche Post’s Christmas business decides – shares under pressure
BONN – After a strong third quarter, Deutsche Post is now concentrating on the Christmas business. That will determine the profitability of the business over the year. Because the DAX group is particularly challenged this year: Due to the pandemic and the booming online trade, parcel volumes are reaching new heights. If the group masters this well, it could reach the upper part of the forecast range, said finance director Melanie Kreis in a conference call on Tuesday. “We expect a very strong peak,” said Kreis. “We’re trying to prepare so that we can handle it.”
American Airlines wants to top up its cash with a further capital increase
FORT WORTH – The US airline American Airlines wants to get fresh money from investors again in the corona crisis. The company announced on Tuesday at its headquarters in Fort Worth, Texas, to issue up to 38.5 million new shares. According to the Bloomberg news agency, the group wants to sell the papers at a unit price of $ 13 – 20 cents below the Nasdaq closing price on Monday. This should bring the airline around 500 million US dollars (421 million euros). Bank of America, which is managing the capital increase, should be able to subscribe for almost 5.8 million more shares.
BP and rsted want to produce ‘green’ hydrogen
BOCHUM / LINGEN – The oil company BP and the Danish energy producer rsted want to jointly produce so-called green hydrogen. This involves hydrogen produced in a climate-friendly manner with the help of renewable energies such as wind power. The companies want to build a 50-megawatt electrolysis system on the site of the BP refinery in Lingen in Emsland, as they announced on Tuesday. Electricity from rsted wind farms in the North Sea is to be used for generation.
ROUNDUP: Uniper is doing well through the crisis -CO2 emissions increased
DSSELDORF – The energy company Uniper is still getting through the Corona crisis well. The third quarter was, as expected, weaker, but according to good figures from the first six months, the group is on track, said CEO Andreas Schierenbeck on Tuesday. The power plant operator was able to almost double the operating result (EBIT) in the first nine months compared to the previous year to 405 million euros.
ROUNDUP: Lufthansa can collect more money with bonds than initially hoped
FRANKFURT – After the announcement of a first hopeful candidate for a corona vaccine, Lufthansa is getting fresh money on the capital market. The MDAX group, which was rescued by the state, was able to make its offer of a convertible bond cheaper for itself on Tuesday due to the great demand within a few hours. The bond is only offered to institutional investors.
ROUNDUP 2: Adidas is recovering – Corona worries weigh on final quarter
HERZOGENAURACH – The sporting goods manufacturer adidas made a strong recovery in the third quarter. However, due to the effects of the corona pandemic, sales and earnings were significantly below the previous year, as the company announced on Tuesday in Herzogenaurach. For the fourth quarter, the group was cautious: The renewed increase in the number of infections is likely to weigh on business.
ROUNDUP: Baumarkt-Gruppe Hornbach raises annual forecast again – share in the red
BORNHEIM – The HORNBACH DIY store group continues to benefit from the trend towards retreating into their own four walls during the Corona crisis. The company is now becoming even more optimistic about the financial year that will run until the end of February. After Hornbach Holding, which is listed in the SDAX small cap index, only raised its targets for 2020/2021 at the end of September, Hornbach has now raised its forecast one more time. According to the information, people are still spending more money on home improvement projects in the house and garden.
ROUNDUP: Billions in losses and a piece of coal exit at Siemens Energy
MNCHEN – Special effects and the corona crisis spoiled Siemens Energy’s balance sheet premiere. The company created by the spin-off from Siemens with a good 90,000 employees reported on Tuesday a loss of 1.9 billion euros for the past fiscal year. In the new business year, which has been running since October, the figures should improve. Until when Siemens Energy will be profitable again, however, remained open. The figures did not go down well on the capital market: the share, which has been listed since the end of September, lost more than 3 percent in the early afternoon.
ROUNDUP: VW truck holding Traton again with a profit – significant increase in orders
MNCHEN / WOLFSBURG – The Volkswagen (Volkswagen (VW) vz) utility vehicle holding TRATON can make profits again after the slump in the Corona crisis and also rely on increasing orders. “After the significant market slump in the second quarter as a result of the Covid 19 pandemic, our business has recently recovered,” said Traton boss Matthias Grndler on Tuesday. The Munich-based company had already presented key data and specified their forecast.
ROUNDUP: Nordex expects a tailwind and is setting new goals
HAMBURG – The wind turbine manufacturer Nordex senses the chance of better business in the Corona crisis and is setting new goals for 2020 and the coming years. Confidence is celebrated on the stock exchange and the share is up in double digits. Analysts are impressed with the new forecasts.
ROUNDUP: Teamviewer continues to grow and slightly raises growth forecast
GPPINGEN – The software provider TeamViewer sees itself confirmed in its growth targets after the third quarter and is increasing its annual outlook. It is true that the company grew significantly more slowly in invoiced sales than in the first half of the year, when the home office boom in the first Corona wave drove business with software for remote maintenance and video conferencing skyrocketing. Teamviewer recorded an increase of 29 percent to 106.4 million euros for so-called billings in the months of July to September. Without the dampening influence of the stronger euro, it would have been an increase of 34 percent.
ROUNDUP: Hamborner Reit with higher rent – share increases slightly
DUISBURG – The real estate company HAMBORNER REIT barely felt the corona pandemic in the first nine months. The rent and lease income increased by 3.9 percent year-on-year to 66.2 million euros, as the company listed in the SDax announced on Tuesday in Duisburg. The operating profit – the so-called funds from operations (FFO) – grew by 2.5 percent to 42.3 million euros. The bottom line, however, was that profits fell to 68,000 euros due to unscheduled depreciation. A year earlier, the company had reported 15.3 million euros. For the current year, Hamborner Reit confirmed its annual goals. The stock gained around 0.7 percent in early trading.
Automobile crisis causes job loss at Jenoptik
JENA – The technology group JENOPTIK is reacting to falling orders from the automotive industry with restructuring that will lead to job losses. The area of industrial metrology is mainly affected, said the CEO of Jenoptik AG, Stefan Traeger, on Tuesday when the business figures were presented in Jena. There are talks with the works council. The costs in this area would have to be adjusted to the development of sales. The reason is less the corona pandemic, but the reluctance to invest in the automotive industry.
ROUNDUP: Jenoptik with profit slump in the third quarter – share loses
JENA – The technology group JENOPTIK also clearly felt the corona pandemic and the weaker automotive industry in the third quarter. Sales and results decreased significantly compared to the previous year. “As announced, Jenoptik’s incoming orders stabilized at the previous year’s level in the third quarter,” said company boss Stefan Traeger on Tuesday when the quarterly balance sheet was presented. The quality of results also improved noticeably in the period from July to September compared to the previous quarters of 2020, which gives management confidence for the coming months. The SDax company confirmed the recently adjusted targets for the full year. The share lost 4.2 percent in value on Tuesday morning.
-ROUNDUP: Corona crisis puts pressure on earnings from Eckert & Ziegler – Outlook is ready
-Henkel takes a step back
-Auto supplier ElringKlinger is recovering somewhat in the summer
-ROUNDUP 3 / Cum-Ex-Scandal: Politicians want more money back from billion-dollar deals
– State Office: Approval for Tesla structure is available
ROUNDUP: You are reading a summary in the company overview. There are several reports on this topic on the dpa-AFX news service.