25.11.2024

MTU Aero Engines presents outlook for 2025 + T-Mobile was heavily hacked + Strong price target for Siemens Energy AG

The engine manufacturer MTU $MTX (-0.47%) has postponed its capital market day planned for Friday to next year in light of the change of CEO. CEO Lars Wagner will move to Airbus at the end of his term of office in 2026 and take over the management of the commercial aircraft division. However, Wagner and CFO Peter Kameritsch intend to present the outlook for 2025 in a call on Friday. In the current year, MTU Aero Engines aims to break the 1 billion euro mark for adjusted EBIT, one year earlier than originally planned. Sales are expected to be between 7.3 and 7.5 billion euros, and the Group has previously targeted 8 billion euros for 2025. The analysts at Jefferies are forecasting sales and EBIT growth of around 15% with stable margins.

T-Mobile US $TMUS (+0.18%): Chinese hackers have infiltrated US telecommunications, and apparently no one can stop them. Because this would require replacing "thousands and thousands of devices across the country".

Siemens Energy AG $ENR (+2.08%): now we are entering new dimensions

• BERENBERG RAISES TARGET FOR SIEMENS ENERGY TO 70 (35) EUR - 'BUY'

Monday: stock market dates, economic data, quarterly figures

ex-dividend of individual stocks

Pernod Ricard EUR 2.35

Quarterly figures / company dates USA / Asia

Untimed: Zoom Video quarterly figures

Quarterly figures / company dates Europe

08:00 Kingfisher Q3 sales

10:00 Roche: Roche's IR Digitalization Day 2024

11:00 Borussia Dortmund AGM

Economic data

• 08:00 DE: Construction industry, new orders and sales
• 10:30 DE: Ifo Business Climate Index November PROGNOSE: 86.1 PREVIOUS: 86.5 Situation assessment PROGNOSE: 85.5 PREVIOUS: 85.7 Business expectations PROGNOSE: 87.0 PREVIOUS: 87.3
• 14:30 US: Chicago Fed National Activity Index (CFNAI) October
• 15:00 BE: Business Climate Index November PROGNOSIS: n/a previously: -12.8
• 16:30 US: Dallas Fed Manufacturing 11/24
• 18:30 DE: Governing Council member Nagel, speech on "Resilience and renewal: ways out of weak growth"
• Without time indication: Governing Council member Makhlouf, speech at Society of Professional Economists Annual Dinner