26.11.2024
BICO with poor quarterly figures + Trump's tariff threats weigh on stock markets + Tui wants to further reduce debt and invest
BICO Group
$BICO (-0.39%) delivers very poor quarterly figures
- Net sales amounted to SEK 495.5 million (587.6), which corresponds to a decline of -15.7% compared to the same quarter last year.
- Organic sales growth for the quarter amounted to -12.6% (16.7%). From Q1 2024, BICO reports all organic growth figures in constant currency
- The gross margin amounted to 53.1% (52.8%). As of Q1 2024, BICO has switched to functional reporting and the comparative figures have been adjusted
- Adjusted EBITDA amounted to SEK 39.6 million (94.7), which corresponds to a margin of 8.0% (16.1%)
- EBITDA amounted to SEK 37.0 M (89.5), which corresponds to a margin of 7.5% (15.2%).
- Net profit/loss for the quarter from continuing operations amounted to SEK -247.5 M (-40.1), which corresponds to earnings per share from continuing operations before and after dilution of SEK -3.49 (-0.57)
- Cash flow from operating activities amounted to SEK 45.0 million (3.6)
On his first day in office, US President-elect Donald Trump intends to impose high import tariffs on all goods from Mexico and Canada as well as additional tariffs on goods from China. This will be one of his first executive orders on January 20, Trump explained on the Truth Social platform, which he co-founded.
Tariffs of 25 percent are to apply to goods from Mexico and Canada. The US President-elect justified this with immigrants who bring crime and drugs across these two borders into the USA. Until this stops, the tariffs should remain in force. Both Canada and Mexico have the power to solve the problem. "We hereby call on them to use their power, and until they do, it's time for them to pay a very high price," Trump explained. Additional tariffs of ten percent are to apply to goods from China. Trump also justified this with the fact that drugs such as the deadly fentanyl were entering the USA from the country. Although China has announced that it will take action against this, it has not done so. US President Joe Biden, who is still in office, met China's head of state Xi Jinping on the sidelines of the Asia-Pacific Economic Community (Apec) summit in the Peruvian capital Lima just over a week ago. Xi had assured Biden there that he also wanted to work together with the future US administration under Trump.
With the share price of TUI $TUI1 (+2.78%) Sebastian Ebel is not satisfied. However, the Tui CEO will not be boosting the share price with a dividend payment for the time being; his focus in the use of free cash flow is on investments and debt reduction. "Our goal is to reduce our net leverage to well below 1x. When we present our figures for the financial year in December, you will see that we have already taken a big step towards this goal," Ebel told the Börsen-Zeitung. The rating has not yet returned to pre-crisis levels. "These components are the basis for formulating a sustainable dividend policy, which is an entrepreneurial decision that we will make in due course," said Ebel. (Börsen-Zeitung)
Tuesday: Stock market dates, economic data, quarterly figures
ex-dividend of individual stocks
Johnson & Johnson USD 1.24
Quarterly figures / company dates USA / Asia
13:00 Analog Devices quarterly figures
13:30 Abercrombie & Fitch quarterly figures
22:30 HP Inc quarterly figures
No time specified: Dell | Best Buy | Autodesk | Macy's Quarterly figures
Quarterly figures / Company dates Europe
07:00 Siemens Healthineers detailed annual results and annual report
Untimed: Stratec - Analyst conference on the occasion of the German Equity Forum
Economic data
- 11:00 FI: ECB Governing Council member Rehn, hearing in the parliament's economic committee
- 15:00 US: FHFA House Price Index 9/24
- 16:00 US: Consumer Confidence Index November PROGNOSIS: 113.0 previous: 108.7
- 16:00 US: New Home Sales October FORECAST: -2.4% yoy previous: +4.1% yoy
- 20:00 US: Fed, minutes of the FOMC meeting, November 6 and 7
