Home / Business / dpa AFX overview: COMPANIES from 16.07.2020 – 15.15 clock | 07/16/20

dpa AFX overview: COMPANIES from 16.07.2020 – 15.15 clock | 07/16/20



ROUNDUP: Zalando raises its forecast after strong quarterly shares

BERLIN – Fashion retailer Zalando has gained more new customers than ever after the corona pandemic. The number of first-time customers in the second quarter was more than three million, as CFO David Schröder said in a conference call on Thursday about the preliminary figures. The Corona pandemic is accelerating the trend from offline to online. Zalando boasted strong sales and profit growth. The CFO was optimistic during the second half of the year. The group increased the annual forecast.

ROUNDUP 2: Sartorius raises annual forecast share at record level

GÖTTINGEN – The pharmaceutical and laboratory equipment supplier Sartorius (Sartorius vz) has increased its sales and margin forecasts after a good first half year. Group sales are also expected to increase by 22 to 26 percent due to further business in the wake of the corona pandemic, the company said on Wednesday night in Göttingen. So far, the management had announced an increase of 1

5 to 19 percent. The stock listed in MDAX rose to a record level on Thursday.

ROUNDUP: Knorr-Bremse is doing better than expected – the stock is up

MUNICH – Truck and train brake manufacturer Knorr-Bremse did better in the second quarter during the corona crisis than the market expected. According to the company, both sales and adjusted profit margin before interest, taxes, depreciation and amortization (Ebitda) are above the average analytical estimates made for the company, as the MDAX group announced on Thursday in Munich when it released preliminary quarterly figures.

Acea: The European car market is still suffering from corona effects

BRUSSELS – The European car market continued to suffer from the aftermath of the coronavirus pandemic in June. A total of 949,722 new vehicles were registered in the European Union (EU), which was 22.3 percent less than in the same month last year, as the responsible trade association Acea announced on Thursday in Brussels. In May, the number of registrations had fallen by more than half after the European car market collapsed as a result of the worsening virus crisis in April. Due to the relief in many countries and the reopening of car dealers after the closure, the minus was now significantly lower. Despite the improvement compared with May, demand in June has not yet fully recovered.

Trading boom in corona crisis gives Morgan Stanley record results

NEW YORK – The financial turmoil in the wake of the corona pandemic gave US investment bank Morgan Stanley record earnings and earnings records in the second quarter. Net income increased by about 45 percent year-on-year to $ 3.2 billion ($ 2.8 billion), the New York finance company said Thursday. Revenue – the bank’s total revenue – grew by 30 percent to $ 13.4 billion.

Bank of America is suffering from the decline in profits in the Corona crisis

CHARLOTTE – High credit losses in the corona crisis have disrupted Bank of America’s profits. In the second quarter, net income fell more than half compared to the same period last year to $ 3.5 billion (EUR 3.1 billion), as the money house announced on Thursday. Revenue fell three percent to $ 22.3 billion.

Connection technology specialist Norma with operating loss – high conversion costs

MAINTENANCE – Connection technology specialist Norma Group (NORMA Group SE) suffered an operating loss during the second quarter due to high renovation costs and the corona crisis. Adjusted profit before interest, taxes and goodwill amortization (Ebita) based on preliminary figures amounted to minus EUR 22.5 million, after reaching plus EUR 40.9 million during the same period last year as the SDax company (SDAX) on Thursday in Maintal announced. The shares barely responded to the news. Most recently, they were down about 3 percent.

ROUNDUP: Ceconomy will quickly get back on her feet when stores close

DUSSELDORF – The electronics retailer Ceconomy (Ceconomy St) has its chains with it media Market and Saturn after the end of corona-related stores quickly closed its strength again. In May, the retail giant’s sales of 1.55 billion euros were again 3 percent above the previous year’s level. In June, sales of EUR 1.75 billion even exceeded the previous year’s figure by 12 percent, which the company reported on Thursday based on preliminary and unlimited figures.

Order intake is falling due to the Corona crisis

HAMBURG – The wind turbine manufacturer Nordex was completely affected by the corona pandemic. Between April and the end of June, customers ordered 217 wind turbines for projects with a total production of 888 megawatts, which the company announced on Thursday in Hamburg. Compared with the previous year, this is a decrease of 56 percent. During the first six months, order intake in the project area – excluding service transactions – decreased by 17 percent to 2.5 gigawatts. “The global economy continues to be significantly affected by the corona pandemic, which of course also applies to us, our customers and suppliers,” said CEO José Luis Blanco.

ROUNDUP: Wacker Neuson is doing better than feared in the corona crisis

MUNICH – Construction machinery manufacturer Wacker Neuson (Wacker Neuson SE) is obviously getting through the corona crisis better than feared by experts. During the second quarter, sales and operating profit collapsed compared to the same period last year, as the SDax company (SDAX) announced on Wednesday night when preliminary figures were presented in Munich. According to Wacker Neuson, however, the indicators are above the average analytical estimates made for the company. The news was well received by investors on Thursday.

ROUNDUP / Wirecard scandal: The Court of Auditors controls the role of Bafin and the ministry

BERLIN – In the balance sheet scandal for the alleged billions of frauds at the Dax (DAX 30) group Wirecard, the Federal Audit Office is now targeting the financial regulator Bafin and the Federal Ministry of Finance. “We will examine the monitoring system – structure and risk management using Wirecard as an example – and why Bafin apparently did not take up the evidence,” Federal Court President Kay Scheller told Spiegel (Thursday). “We will also investigate how the Federal Treasury Department and Bafin handled the allegations of incorrect balance sheets and with the reports from the auditors.”

Autofusion: Fiat Chrysler and Opel parent PSA become Stellantis

PARIS – Carmaker Fiat Chrysler (Fiat Chrysler (FCA)) and Opel-modern PSA (Peugeot) want to be called “Stellantis” after their megafusion. “The Latin origin of the name pays homage to the rich history of the founding companies,” it was said in a joint statement on Wednesday night. “Stella” is the Latin word for star. The connection to astronomy captures the true spirit of optimism, energy and renewal that underlies this fusion.

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Additional reports

-Billion order – BMW wins third supplier for battery cells

-No electronic registration: 500 Euro penalty in Crete

Report: Kehl is apparently Zorc’s successor at BVB

– Companies may not agree on social security contributions in another country

-RUNDUP / R value too high: pubs in Ireland are closed longer

-RUNDUP: R + V insurance increases premiums and focuses on life insurance

-Abbott Laboratories exceeds expectations – High demand for corona tests

France prefers to wear a mask for business

-Maas: Do not push the line through carelessness

-Media: Talent Bellingham already in Dortmund for signature

– The pharmaceutical company Johnson & Johnson raises the outlook despite the weak quarter

-EuGH report sees the right to take measures against glyphosate approval

Reports: The Israeli government plans to lock down the weekend

-Alstom with stable order situation – Corona depresses sales

-Intel company Mobileye tests self-driving cars in Germany

-The chance: ‘Case number XY’ beats everything

The Corona crisis gives brokers Flatex record profits

-Twitter boss promises clarification after hacking of celebrities

The Corona crisis strengthens chipmaker TSMC’s operations

-Richemont sales collapse by almost half in the Corona crisis – the share falls

-Resources from Sweden no longer need to be quarantined

-Assessment: Youtube not directly responsible for copyright infringement

-Study: If employees have a say, companies cheat less

-CDU and FDP see Berlin rent coverage after the ruling in Bavaria in the end

-US USA is facing setbacks in the fight against the drug crisis

– “Peace talks” between UEFA chairman and city council

-Competitors are researching the market for smart household appliances

-RUNDUP: ‘World’ journalist Yücel sentenced to prison in Turkey

– Sales of the Opel parents PSA decreased during the first half of the year

-RUNDUP: ECJ overturns EU-US data protection agreement “Privacy Shield”

-Tönnies start slaughtering in Rheda-Wiedenbrück after a mandatory break

– If the manufacturer goes bankrupt – consequence of the car manufacturer’s sales crisis

-Vox show ‘The Lion’s Den’ will run on Mondays in the future

-ROUNDUP 3 / Huge Twitter Hack: Celebrity Accounts Promote Bitcoin Fraud

US astronauts continue to upgrade their power supply on the ISS

Computer giant Dell is considering a spin-off from its subsidiary VMWare

-Rolls-Royce cuts 550 jobs in Dahlewitz

-IOC chief Bach: Do not want an Olympia “behind closed doors”

– George Floyd’s family sued the city of Minneapolis and police

-Special flights with German technicians and experts land in South Africa

-RUNDUP: 140,000 Siemens employees no longer have to go to the office every day

-ROUNDUP / Schrems vs. Facebook: ECJ assesses data protection standards

-ROUNDUP 2: celebrity accounts hacked – Twitter boss promises clarification

-RUNDUP: Netflix stars hope for more diversity in German series

-8.2 million families with children lived in Germany in 2019

-Austria’s nightclubs remain closed due to more corona falls

Reporter Without Borders criticizes the blockade of the Russian TV station RT

-Bayer heart medicine Vericiguat in an accelerated US approval process

-RUNDUP: Bavaria’s constitutional court stops freezing request

Norway agrees with Poland on amendments to the legal program

-Tönnies move cattle to Lower Saxony

-Software provider SNP receives EUR 28 million on the capital market

-EU and the USA want to give advice on data protection according to the ruling of the European Court of Justice

-BGH requires its own diesel model procedure for Porsche SE investors

-Corona: Turbo accelerator for structural change in the sports shop

-Kramp-Karrenbauer announces EU strategic compass in the east

– The South African government is clearing the way for shrinking SAA airlines

-Open letters: Women in BR appeal to the director in a new election

Report of the European Court of Justice: rejection of the German Investigation Regulation inadmissible

-Audi boss Duesmann can also say on the VW software

UN worried about rusting oil tankers off the coast of Yemen

-Netflix stars hope for more diversity in German series

Thousands of Nissan workers protest protests in Spain

-RUNDUP: Greens accuse Altmaier of passivity in promoting wind power

-Finished Airbus aircraft are temporarily parked in Braunschweig

-25,000 jobs at American Airlines in the risk zone due to corona crisis °

Notice for customers:

ROUNDUP: You read a summary in the company overview. There are several reports on this topic on the dpa-AFX news service.

/ stw


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