Börse Express – dpa-AFX overview: COMPANIES from 04.05.2022

ROUNDUP 2: Rising costs burden Fresenius and FMC – change of leadership

BAD HOMBURG – Another drop in profits at dialysis subsidiary Fresenius Medical Care (FMC) ) and higher costs also as a result of the Russian attack on Ukraine make the medical and hospital group Fresenius to obtain. “The ongoing corona pandemic, the war in Ukraine, bottlenecks in supply chains and, above all, the sometimes significant cost increases have weighed on the first quarter,” said CEO Stephan Sturm on Wednesday in Bad Homburg, according to the announcement. Nevertheless, the key figures for the Dax Group were better than analysts’ expectations.

ROUNDUP 2: Siemens Healthineers Increases Weather Forecast – Corona Tests Required

ERLANGEN – The medical technology group Siemens Healthineers
increases its forecasts for the current financial year again after a robust second quarter. The company has recently benefited from the sale of rapid antigen tests for the detection of Covid-19, which is now also approved in the United States, which has exceeded expectations. In addition, the other areas, such as imaging, also proved to be quite robust in the current difficult economic environment. However, Siemens Healthineers also feels cost pressures.

ROUNDUP / Chips, Corona, war: VW handles ‘unprecedented’ crises well

WOLFSBURG – VW has a good business, especially with the particularly profitable luxury brands and additional cost savings -Corporate at the beginning of the year supported by the ailing car economy. Despite high sales declines, Wolfsburg earned almost twice as much in the first quarter as in the beginning of 2021. Lack of chips, the Ukraine war and new lockdowns in China are putting pressure on supply chains.

ROUNDUP: Hugo Boss rises sharply – share can not benefit

METZINGEN – Fashion groups Hugo Boss started the new year with marked growth. According to CFO Yves Müller, investments in the brand and in digitalisation are increasingly paying off. However, the global financial risks mean that the group remains cautious. This year’s forecast was confirmed. Hugo Boss shares could not benefit from this – they were among the biggest losers in the MDax average value segment on Wednesday .

ROUNDUP: Cancom lowers forecast – the stock falls to its lowest level since the fall of 2020

MUNICH – IT specialists Cancom is no longer so optimistic about the current year due to increasing problems in the supply chain and the economic environment. “Unfortunately, because of the situation in the IT hardware supply chain, we now had to make the forecast more defensive,” Cancom chief Rudolf Hotter said in a statement Tuesday night. This is expected in MDax for sales and operating profit
listed companies are now experiencing “significant growth”. So far, the group had expected “very significant growth”. This caused the stock to fall on the stock market, which fell to its lowest level since November 2020.

ROUNDUP: Klöckner & Co still sees high steel prices for the time being – but the share is falling

DUISBURG – Due to high steel prices, Klöckner & Co
optimistic for the coming weeks. In the meantime, however, a certain plateau effect can be observed in the price of steel, company manager Guido Kerkhoff said on Wednesday in a telephone conference with journalists. So it remains to be seen how it develops further. However, in its forecast for the second quarter, management expects a “significant” increase in sales compared to the previous quarter with a stable to slightly increasing sales trend. However, this did not really convince investors on the stock exchange.

ROUNDUP / Despite war and disasters: Hannover Re expects another record profit

HANNOVER – For the reinsurance company Hannover Re the year has already brought lots of disasters with it: In addition to storms in Europe and floods in Australia, the consequences of the war in Ukraine and the burden of the corona pandemic eroded profits in the first quarter. On Wednesday, the management did not yet dare to assess how expensive the war would ultimately cost Hannover Re and the insurance industry. It is also due to unresolved legal issues – for example, with regard to hundreds of aircraft that leasing companies have lost to Russian airlines. Nevertheless, management is still aiming for the highest profit in history in 2022.

ROUNDUP 2: Teamviewer is making progress on its way out of the crisis – the stock has recovered significantly

GÖPPINGEN – The software provider Teamviewer makes progress with its planned expansion of business with large companies. In addition, the management of the remote maintenance software provider was able to curb the increase in costs as advertised. As a result, operating profit did not fall as much as analysts had feared in the first quarter, according to Wednesday’s data. In addition, the 2022 targets were confirmed despite the economic uncertainty posed by the Ukraine war. It had a positive effect on the stock market. The stock, which has been under pressure for months, was at the top of the MDax on Wednesday afternoon with a plus of ten per cent. .

Additional reports

-VW commercial vehicle holding company Traton lowers earnings prospects due to Ukraine war

-Norma grows moderately and earns less – forecast confirmed

-Chip group AMD with jumps in sales and profits

-Airbnb increases sales sharply – Business boom is expected this summer

-Novartis receives additional EU approval for personal cell therapy Kymriah

-ROUNDUP: Musk confirms plans for subscription model after Twitter takeover

-IPO / Fertilizer Company Yara: Consider listing of green ammonia division

-Starbucks with increased sales despite corona problems and inflationary pressures

-Lift stock market crashes – quarterly outlook disappoints

– Ukraine war slows growth in German online retail

-VW boss Diess: Expansion in the US with a focus on electric cars

-Servicesivision ensures recovery at Dussmann Group

-VW CFO: High commodity price burden, more money for software

Industry: Oil embargo against Russia ‘drastic move’

-Brussels imposes sanctions on Russia’s largest bank

-Lichtblick invests half a billion euros in wind and solar energy

Bidding process for Italy’s state airline: Ita opens books

-Habeck appeals to countries: accelerate wind power expansion

The antitrust office is tightening supervision on the Facebook group Meta

-Environmental assistance requires a halt to construction at the planned LNG terminal in Wilhelmshaven

-Porsche: Less sales, more operating profit

-Transport companies propose uniform driving noise for e-buses

-ROUNDUP: Bosch calls for diversification in energy and is dependent on hydrogen

– Boost American business continues to run the gaming group Flutter – the stock is rising sharply

– ‘SZ’ boss: ‘We will finance ourselves completely digitally in 2030’

-DIHK expects significant consequences for German companies in the event of an oil embargo

-Vattenfall is considering selling Berlin district heating

-ROUNDUP: Luca deletes all user data from the pandemic

-ROUNDUP / Survey: Online shoppers prefer to pay by invoice or Paypal

-Uber increases revenue sharply – nevertheless high quarterly loss

-BGH: Gym customer gets contribution back to lockdown time

-Oil embargo against Russia: The chemical industry expects rising prices

-ROUNDUP: Imaging specialist Basler earns less – share loses

– Moderna continues to serve brilliantly thanks to the Corona vaccine

-City tourism is catching up – Campaign for European metropolises

-Allianz wants to become a large insurance company in Africa with a joint venture

-ROUNDUP: Norma confirms forecast despite declining profits – stock rises

-Ferrari has full order books – sales and profits have increased significantly

-Habeck: Germany can carry out oil embargo against Russia

-Network operator expects faster power cord procedures °

Customer note:

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

/ jha

AXC0292 2022-05-04 / 15: 20

Copyright dpa-AFX business news GmbH. All rights reserved. Redistribution, reproduction or permanent storage without the express prior consent of dpa-AFX is not permitted.