12.12.2024
ECB interest rate decision today + Schott Pharma aims to generate more revenue with a similar margin
Little movement ahead of the ECB interest rate decision
- The DAX is likely to remain just below Monday's record high on Thursday morning.
- Investors are likely to await the interest rate decision of the European Central Bank (ECB) and the subsequent press conference. After an annual gain of around 22 percent in the DAX, they are sitting on a generous cushion that needs to be defended.
- Around an hour before the start of trading, the X-Dax, the indicator for the leading German index, signaled a fall of 0.2 per cent to 20,365 points.
- The Dax reached its most recent record high right at the start of the week at just under 20,462 points.
- The Eurozone's leading index, the EuroStoxx 50, is expected to post minimal gains on Thursday. Its annual gain is currently just under ten percent.
- Most economists expect the ECB to cut interest rates slightly by 0.25 percentage points after the central bank initiated the turnaround in June.
Schott Pharma $1SXP (+1.16%)wants to generate more revenue with a similar margin
- After leaps in sales and operating profit, the MDax climber Schott Pharma is aiming for further growth in the new financial year.
- In the twelve months to the end of September 2025, the Management Board intends to increase revenue in the high single-digit range after adjusting for currency effects, as the pharmaceutical supplier announced in Mainz on Thursday.
- In percentage terms, Schott Pharma should then retain roughly the same amount of this as earnings before interest, taxes, depreciation and amortization (EBITDA margin) as in the previous financial year.
- The margin was 26.9 percent, or 27.8 percent adjusted for currency effects.
- In the 2023/24 financial year, revenue climbed by seven percent to 957 million euros. The operating result rose by eight percent to 258 million euros.
- At the bottom line, Schott Pharma earned 150 million euros, two million euros less than in the previous year.
Thursday: Stock market dates, economic data, quarterly figures
- ex-dividend of individual stocks
Associated British Foods 0.69 GBP
MPC Container Ships NOK 0.10
- Quarterly figures / company dates USA / Asia
15:00 Under Armour Investor Day
22:00 Broadcom | Costco Wholesale Quarterly figures
- Quarterly figures / Company dates Europe
07:00 Schott Pharma | Bertrandt Annual Results | Fraport Traffic Figures November
07:30 MVV Energie annual results and annual report
11:00 Schott Pharma Analyst Conference | Pirelli AGM
11:30 Siemens Capital Market Day Smart Infrastructure
No time specified:
- Siemens Energy Annual Report
- Hensoldt Capital Markets Day
- Economic data
09:30 CH: Swiss National Bank (SNB), outcome of the Monetary Policy Council meeting December key interest rate FORECAST: 0.75% previously: 1.00%
10:00 FR: IEA oil market report
10:30 DE: Ifo Institute for Economic Research, Pk on the Winter 2024 Economic Forecast, Berlin
14:15 EU: ECB, outcome of the Governing Council meeting and staff projection for growth and inflation in the eurozone Deposit rate FORECAST: 3.00% previously: 3.25%
14:30 US: Initial jobless claims (week) FORECAST: 220,000 previously: 224,000
14:30 US: Producer Prices November PROGNOSE: +0.2% yoy previous: +0.2% yoy Core rate (excluding food and energy) PROGNOSE: +0.2% yoy previous: +0.3% yoy
14:45 EU: ECB, press conference after Governing Council meeting
