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$AMV0 (+3.54%) $TKMS $GXI (+2.71%)
$HFG (-5.7%)

$HFG (-5.7%)

- HelloFresh describes the allegations made in the Grizzly Research report regarding performance, governance and future prospects as unfounded, outdated or taken out of context.

- The company is preparing a detailed statement to be published in the coming week.

- The statements about CEO Dominik Richter are false and misleading - he used the liquidity generated by pledging shares for further purchases of HelloFresh shares.

- Richter has not sold any shares in the last five years and currently holds more shares than at any time in the last ten years. There is no margin call risk.

- HelloFresh emphasizes its focus on increasing efficiency, improving margins and disciplined capital allocation as well as on transparency and shareholder interests.

💬 The company is responding clearly to the short-seller allegations and is underlining its confidence in its own future with insider purchases and operational discipline.

$AOF (-0.58%)
ATOSS Software SEa German company specializing in workforce workforce management software specialized in workforce management software.

$STLAM (+1.42%)
Stellantis N.V.one of the world's largest automotive groups

as an additional option $HFG (-5.7%) but here I evaluate further....

$SZG (+6.54%)
$HYQ (-3.28%)
$ABX (+0.99%)
$BBAI (-1.34%)
$PLUG (+6.08%)
$GPRO (+0.81%)
$TEG (-0.48%)
$1SXP (-0.27%)
$SE (-1.09%)
$ETOR (+2.12%)
$NCH2 (+1.54%)
$TUI1 (+2.27%)
$VWS (+0.54%)
$R3NK (+3.22%)
$EOAN (+0.2%)
$CSCO (+1.78%)
$SLI (-0.15%)
$HFG (-5.7%)
$HTG (-1.15%)
$HLAG (+3.26%)
$TKA (+6.89%)
$DOU (-1.27%)
$RWE (+0.35%)
$BIRK (+1.27%)
$9618 (-1.41%)
$DE (-0.38%)
$FR (-1.06%)
$NU (+0.87%)

Lufthansa: $LHA (+3.01%)

- Q1 revenue: €8.13bn (expected: €8.04bn)

- Q1 adj. EBIT: € -722 million (expected: € -718 million)

- Passenger airlines weaker than expected.

- Forecast 2025 confirmed: Significantly higher adj. EBIT than 2024.

- Task force for rapid capacity adjustment in the event of weaker demand.

- North American traffic strong in Q1 (+25% US passengers in March).

HelloFresh: $HFG (-5.7%)

- Q1 revenue: € 1.93 billion (-7%), adjusted EBITDA: € 58.1 million (+250%).

- Efficiency program bears fruit.

- 2025 forecast confirmed: Sales -3% to -8%, EBITDA € 450-500 million.

Novartis: $NOVN (+0.6%)

- Q1 net profit: USD 3.6 bn (+33%).

- Forecast raised: Sales growth now expected in the high single-digit percentage range.

Mutares: $MUX (+2.87%)

- Q1 revenue: €1.53bn (+13%), net result holding company: €29.5m.

- Exits planned for 2025 (>€200m gross proceeds expected).

- Partial sale of Steyr Motors generates € 74m.

Symrise: $SY1 (+1.05%)

- Q1 organic growth: 4.2%, sales: € 1.32 bn.

- Full-year forecast confirmed: 5-7% organic growth, EBITDA margin ~21%.

DWS Group: $DWS (+1.95%)

- Q1 revenues: €753m (+3%), net income: €199m (+13%).

- Record inflows: € 19.9 billion.

- Cooperation with Deutsche Bank in the Private Credit segment.

Deutsche Bank: $DBK (+1.6%)

- Q1 pre-tax profit +39%, highest quarterly profit in 14 years.

- Revenue growth and cost reductions drive earnings above expectations.

Lufthansa starts the year with another high loss + Hellofresh suffers from sluggish demand for cooking boxes at the start of the year + Symrise on course for annual targets

Lufthansa $LHA (+3.01%)starts the year with another high loss

• Despite significantly higher revenues, Lufthansa has once again started the year with figures in the deep red.
• While several strikes had had an expensive impact in the previous year, operating costs rose noticeably in the first quarter.
• In addition, Easter only fell in the second quarter this time.
• However, despite the customs dispute with the USA, the Group counted significantly more travelers from the United States in March than a year earlier, as it announced in Frankfurt on Tuesday.
• Bookings from the USA continued to increase.
• This is another reason why CEO Carsten Spohr is sticking to his goal of increasing profits in day-to-day business (adjusted EBIT) in the current year and "significantly" exceeding the previous year's figure of around 1.65 billion euros.
• In the first quarter, the Group's turnover rose by ten percent year-on-year to 8.1 billion euros.
• The operating loss adjusted for special items (adjusted EBIT) decreased by 15 percent to 722 million euros.
• In the passenger business, however, the loss widened to 934 million euros.
• At the bottom line, the Group's loss increased by more than a fifth to 885 million euros due to lower tax relief.

Hellofresh $HFG (-5.7%)suffers from sluggish demand for cooking boxes at the start of the year

• Hellofresh suffered a decline in sales at the start of the year due to the continued sluggish business with cooking boxes.
• Revenues in the first quarter fell by around seven percent year-on-year to 1.93 billion euros, as the Berlin-based MDax company announced on Tuesday.
• In mid-March, the management had already predicted a difficult first quarter.
• While sales of cooking boxes shrank by 13.5 percent, the ready meals division grew by 10.5 percent.
• Hellofresh confirmed its forecast for the year.
• Adjusted for special effects, earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) soared by around 250 percent to 58.1 million euros due to the ongoing savings program.
• Savings in personnel costs and production were particularly noticeable in the cooking box business.
• Meanwhile, the growing ready meals business is still making an operating loss.
• The bottom line for shareholders was a loss of 123.8 million euros after 83.9 million in the same quarter of the previous year.
• Hellofresh continues to expect a decline in sales of three to eight percent in the current year.
• The adjusted operating profit is expected to be between 450 and 500 million euros and thus at least reach the level of two years ago.
• Back in March, the food delivery company announced a savings program: from 2026, a total of 300 million euros are to be saved annually.

Symrise $SY1 (+1.05%)on course for annual targets

• Despite a slower start to the year, Symrise believes it is on track to achieve its annual targets.
• Sales in the first quarter rose by just under two percent year-on-year to around 1.32 billion euros, as the manufacturer of fragrances, flavors and food additives announced on Tuesday.
• Excluding exchange rate effects as well as acquisitions and disposals of parts of the company, the increase amounted to 4.2 percent.
• Business with additives for beverages and sweets as well as fragrances for expensive perfumes provided a tailwind, while the sunscreen business was slower due to very strong figures from the previous year.
• Group sales were roughly in line with market expectations, while organic growth was slightly higher.
• The company confirmed its annual targets.
• Accordingly, organic growth should continue to reach 5% to 7% in 2025.
• Earnings before interest, taxes, depreciation and amortization (EBITDA) are expected to account for around 21% of sales, which would continue the margin recovery of the previous year.
• Symrise will comment specifically on the profit trend when it publishes its half-year figures.

Tuesday: Stock market dates, economic data, quarterly figures

Japan stock exchange holiday

• ex-dividend of individual stocks
• Henkel VZ EUR 1.85
• Banco Santander EUR 0.11
• Henkel 2.02 EUR
• Vivendi 0.04 EUR
• Akzo Nobel EUR 1.54
• Inditex 0.84 EUR
• Signify 1.56 EUR

• Quarterly figures / company dates USA / Asia
• 12:00 Spotify | UPS quarterly figures
• 12:30 General Motors | Honeywell quarterly figures
• 12:45 Pfizer quarterly figures | Astrazeneca analyst conference
• 13:00 Coca-Cola | Kraft Heinz quarterly figures
• 13:15 Paypal quarterly figures
• 15:00 Citigroup | American Express AGM
• 19:00 IBM AGM
• 20:00 Meta AGM
• 22:00 Booking Holdings | Starbucks | Edison International | First Solar | Snap quarterly figures
• 22:05 Visa | Mondelez quarterly figures
• Without time information: Paccar | Universal Music | Corning | Jetblue Airways Quarterly figures

• Quarterly figures / Company dates Europe
• 07:00 Deutsche Bank | Lufthansa | Novartis | DWS | Hellofresh | HSBC
• 07:00 Banco Bilbao | Stratec | Capgemini | Volvo Car annual results
• 07:30 Adidas | Symrise | Mutares quarterly figures
• 08:00 Porsche AG | Astrazeneca | BP | AB Foods quarterly figures | Deutsche Bank PK
• 08:30 Hellofresh analyst and press conference
• 09:00 Flatexdegiro PK on the 1Q figures | Porsche AG PK
• 09:30 DWS | Banco Bilbao Analyst Conference
• 10:00 Lufthansa | Adidas PK
• 10:30 Hochtief AGM
• 11:00 Deutsche Bank | Symrise Analyst Conference
• 11:30 Lufthansa Analyst Conference
• 14:00 Novartis | BP Analyst Conference
• 14:00 Deutsche Börse Analyst and Investor Conference 1Q
• 15:00 Adidas Analyst Conference
• 18:00 ASM International quarterly figures
• 19:00 Telekom Austria quarterly figures
• 22:00 Logitech quarterly figures

• Economic data

08:00 DE: GfK Consumer Climate Indicator May FORECAST: -26.0 points previously: -24.5 points

09:00 DE: ECB Director Cipollone, speech on "Financial and trade fragmentation: risks and policy alternatives"

09:00 ES: GDP (1st release) 1Q FORECAST: +0.6% yoy/+3.1% yoy 4th quarter: +0.8% yoy/+3.4% yoy

09:00 ES: HICP and consumer prices (preliminary) April HICP FORECAST: +2.0% yoy previously: +2.2% yoy

09:40 DE: ECB Banking Supervisor Donnery, speech on the ECB's supervisory priorities for 2025

10:00 EU: ECB, M3 money supply and lending March M3 money supply FORECAST: +4.0% yoy previous: +4.0% yoy | ECB publication of consumer survey results

11:00 EU: Economic Sentiment Index April Eurozone Economic Sentiment Forecast: 94.5 Previous: 95.2 Eurozone Industrial Confidence Forecast: -10.3 Previous: -10.6 Eurozone Consumer Confidence Forecast: -16.7 Previous: -16.7 Previous: -14.5

11:00 EU: Eurozone Business Climate Index April

16:00 US: Consumer Confidence Index April FORECAST: 87.7 previous: 92.9

$HFG (-5.7%)

$MCD (+0.33%) will pay for my orders for the next 3 weeks $HFG (-5.7%) orders

As every Sunday, the most important news from the past week, as well as the dates for the coming week.

Also as a video:

https://youtube.com/shorts/cpIdQFYiLeY?si=gaKXoxc1Q7c_VbNC

Sunday:

Due to industrial overcapacity, deflation is depressing prices in China. Prices there fell by an average of 0.7% compared to the same month last year. The reason for the decline was probably a high basis for comparison from the previous year, as well as government programs to boost consumption.

https://www.handelsblatt.com/finanzen/geldpolitik/deflation-verbraucherpreise-in-china-sinken-nach-13-jahren-erstmals-deutlich/100112409.html

Monday:

$HFG (-5.7%) Hellofresh shocks the markets with a sales warning, down more than 10%. Analysts at JP Morgan continue to see the price target at 15 euros. This is because EBITDA is expected to rise again. Hellofresh is dispensing with expensive marketing campaigns, which hurts sales but may increase profits.

https://www.deraktionaer.de/artikel/aktien/hellofresh-schockt-mit-umsatzprognose-aktie-rauscht-nach-unten-20376335.html

Tuesday:

$VOW3 (+0.74%) Volkswagen is struggling with a drop in sales and profits. Overall, 2.3% fewer vehicles were sold. Sales for 2024 increased minimally by one percent to 324.7 billion euros. Profit fell from 17.8 to 12.3 billion euros.

https://m.bild.de/geld/wirtschaft/zahlen-fuer-2024-volkswagen-gewinn-bricht-um-30-6-prozent-ein-67cfda107831137d2727f9c3

Wednesday:

$P911 (+1.59%) Porsche earns significantly less. Similar to VW, profits are down by around 30%. The dividend is to remain stable. Turnover is also expected to stagnate in 2025.

https://www.handelsblatt.com/unternehmen/industrie/porsche-gewinn-sinkt-um-30-prozent-dividende-bleibt-stabil/100111337.html

Not only is Rheinmetall's share price rising $RHM (+4.47%) Rheinmetall is rising, sales are also increasing significantly. Rheinmetall could grow by 34% in 2024. Growth of 25-30% is also expected for 2025. Rheinmetall achieved sales of just under 10 billion euros in 2024. The order backlog grew to 55 billion euros. The dividend is set to rise from 5.70 to 8.10 euros per share.

https://www.handelsblatt.com/unternehmen/industrie/rheinmetall-ruestungskonzern-steigert-umsatz-um-36-prozent-dividende-erhoeht/100112608.html

$TMV (+3.81%) Teamviewer is celebrating its 20th anniversary, which means the tech company from Göppingen has been around longer than the average lifespan of a German company (around 12 years). Click here for a summary of the company's history:

https://www.finanzen.at/nachrichten/aktien/teamviewer-konzerngeschichte-deutschlands-unsichtbarer-tech-champion-mit-globaler-reichweite-1034321282

US inflation data comes in lower than expected, market bounces back. Compared to the same month last year, prices rose by 2.8%. An increase of 2.9% was expected.

https://finanzmarktwelt.de/inflation-us-verbraucherpreise-niedriger-jetzt-wird-bestimmt-alles-gut-342006/

Thursday:

The fashion group $BOSS (+0.73%) Hugo Boss from Metzingen wants to increase its dividend to 1.40 euros per share. At 4.31 billion euros, turnover was three percent above the previous year's figure and higher than ever before. Declining sales in China were a particular burden on the Group. Profit therefore fell by 17% to 217 million euros. In the coming year, turnover is expected to stagnate, but profitability is set to increase.

https://fashionunited.de/nachrichten/business/trotz-umsatzrekord-jahresgewinn-von-hugo-boss-sinkt-um-17-prozent/2025031360615

Companies such as $DTG (+3.07%) Daimler Truck fell significantly after Donald Trump announced that he would relax the emissions regulations for trucks. Daimler in particular has invested billions of dollars in recent years to make its trucks environmentally friendly.

https://www.finanzen.net/amp/trump-im-fokus-daimler-truck-aktie-verliert-aufgrund-von-ergebnissorgen-zweistellig-14313701

With the inflation rate in the USA already below expectations, producer prices are also below expectations. This is particularly interesting, as producer prices are a leading indicator for inflation in the future.

https://www.ariva.de/amp/usa-erzeugerpreise-steigen-weniger-als-erwartet-11567717

Friday:

As with $VOW3 (+0.74%) VW, BMW's profits are also on the decline. BMW achieved a profit of 7.7 billion euros, 37% less than a year ago. Turnover fell by 8.2% to 142 billion euros. China is the main problem for BMW.

https://www.saarbruecker-zeitung.de/nachrichten/wirtschaft/gewinn-bei-bmw-sackt-ab-die-ganz-fetten-jahre-sind-vorbei_aid-125213969

These are the most important dates for the coming week:

Wednesday: 04:00 Interest rate decision (Japan)

Wednesday: 19:00 Interest rate decision (USA)

Thursday: 12:00 Interest rate decision (BoE)

Can you think of any other dates? Write it in the comments 👇

#usa #interest #japan