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$UBER (-3.1%)
$FRA (+1.51%)

At Frankfurt Airport, Uber users are now to start their journey in a special pick-up zone. The US company is working directly with Fraport on this.

Frankfurt - At home in California, Uber has long been familiar with the pick-up zone at the airport. For example, if you land in Los Angeles and want to continue by cab, you first have to squeeze into a shuttle bus that takes passengers to a large parking lot. Uber and the like are not even allowed to stop in front of the LAX exit. In the so-called "pick-up zone", one cab driver after the next then drives to his employer's stop. From there, the journey can continue in a relaxed manner.

Now the pick-up zone is also coming to Germany. Uber is launching its first collaboration with Fraport, the operator of Frankfurt Airport. The car rental company from the USA has now announced this in a press release. The aim is to make arrival and departure as easy and convenient as possible for travelers.

New at Frankfurt Airport: Uber gets its own pick-up zone

At Germany's largest airport, users of the Uber app will now benefit from a new, special arrival and pick-up area at Terminal 1. "In the specially designated area in parking lot P31 at Frankfurt Airport, they can wait for their cab or rental car ride arranged via the Uber app," the company announced. "This not only makes it easier for passengers and drivers to meet, thus improving the user experience, but also makes processes more efficient." Users can also call up directions in the Uber app.

"We look forward to further improving the travel experience in Frankfurt too. This will ensure a stress-free start to your vacation or business trip and longer-lasting relaxation on your return. We are also planning to enter into partnerships with other airport operators in Germany in the future," said Christoph Weigler, Head of Uber Germany. (csa/pm)

https://www.fnp.de/frankfurt/off-zone-zusammenarbeit-deutschland-fraport-uber-pakt-flughafen-frankfurt-taxi-drop-zr-93555199.html

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- EXANE BNP raises the price target for ALLIANZ SE from EUR 271 to EUR 295. Underperform. $ALV (-0.4%)

- BARCLAYS raises the target price for AIRBUS from EUR 166 to EUR 200. Overweight. $AIR (-0.64%)

- UBS raises its price target for SAP from EUR 237 to EUR 283. Buy. $SAP (-1.21%)

- BERENBERG raises the price target for LVMH from EUR 695 to EUR 720. Buy. $MC (-0.49%)

- EXANE BNP raises the target price for MUNICH RE from EUR 550 to EUR 560. Outperform. $MUV2 (-6.55%)

- RBC raises the target price for SIEMENS from EUR 205 to EUR 225. Outperform. $SIE (+2.46%)

- CITIGROUP raises the target price for STELLANTIS from EUR 12.40 to EUR 13. Neutral. $STLA

- KEPLER CHEUVREUX raises the target price for DOUGLAS from 28.60 EUR to 29.90 EUR. Buy. $DOU (-2.97%)

- CITIGROUP raises the target price for DWS from EUR 43 to EUR 44.70. Buy. $DWS (+1.15%)

- CITIGROUP raises the price target for FRAPORT from EUR 62 to EUR 72. Buy. $FRA (+1.51%)

- UBS upgrades AMADEUS IT from Neutral to Buy and raises target price from EUR 67 to EUR 80. $AMS (-0.62%)

- DEUTSCHE BANK RESEARCH raises target price for PHILIPS from EUR 25 to EUR 26. Hold. $PHIA (+1.14%)

- DEUTSCHE BANK RESEARCH raises the target price for MAN GROUP from GBP 2.65 to GBP 2.75. Buy.

- GOLDMAN raises the target price for RIO TINTO from GBP 67 to GBP 73. Buy. $RIO (+1.96%)

- JEFFERIES raises the price target for SIEMENS ENERGY from EUR 31 to EUR 50. Hold. $ENR (-0.79%)

- RBC raises the target price for SCHNEIDER ELECTRIC from EUR 195 to EUR 210. $SU (+0.74%) Underperform.

- EXANE BNP upgrades HANNOVER RÜCK from Neutral to Outperform and raises target price from EUR 265 to EUR 285. $HNR1 (-3.68%)

⬇️⬇️⬇️

- DEUTSCHE BANK RESEARCH lowers the price target for NOVO NORDISK from DKK 1000 to DKK 900. Buy. $NOVO B (+4.4%)

- BOFA lowers the target price for RWE from EUR 44 to EUR 42. Buy. $RWE (-0.84%)

- JPMORGAN lowers the price target for NETFLIX from USD 1010 to USD 1000. Overweight. $NFLX (+2.41%)

- MORGAN STANLEY lowers the price target for SYMRISE from EUR 137 to EUR 130. Overweight. $SY1 (-0.57%)

- KEPLER CHEUVREUX lowers the target price for REDCARE PHARMACY from EUR 145 to EUR 138. Hold. $RDC (-0.73%)

- WARBURG RESEARCH lowers the target price for BECHTLE from EUR 51 to EUR 45. Buy. $BC8 (+9.88%)

- STIFEL downgrades WACKER CHEMIE from Buy to Hold. $WCH (+1.37%)

- RBC lowers the price target for DAIMLER TRUCK from EUR 55 to EUR 51. Outperform. $DTG (+2.02%)

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- BERENBERG raises the price target for SIEMENS from EUR 215 to EUR 245. Buy. $SIE (+2.46%)

- BERNSTEIN raises the price target for SIEMENS ENERGY from EUR 15 to EUR 22. Underperform. $ENR (-0.79%)

- JPMORGAN PUTS SARTORIUS ON 'POSITIVE CATALYST WATCH' - 'OVERWEIGHT' $SRT (+0.2%)

- GOLDMAN raises the price target for FRAPORT from EUR 87 to EUR 90. Buy. $FRA (+1.51%)

- UBS raises the price target for NORDEA from EUR 145 to EUR 146. Buy. $NDA FI (+0.98%)

- BERNSTEIN raises the target price for SCHNEIDER ELECTRIC from EUR 275 to EUR 280. Outperform. $SU (+0.74%)

- UBS raises the target price for WPP from GBP 6.80 to GBP 7.20. Sell. $WPP (-3.55%)

- BERNSTEIN raises the price target for ALSTOM from EUR 17 to EUR 24. Market-Perform. $ALO (+0.69%)

- STIFEL upgrades HERMES from Hold to Buy and raises target price from EUR 2150 to EUR 2560. $RMS (-0.98%)

- INFINEON +4.2% - 'TOP PICK' OF THE UBS $IFX (+2.65%)

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- RBC downgrades UNILEVER from Sector-Perform to Underperform and lowers target price from GBP 48 to GBP 40. $ULVR (-0.38%)

- BERNSTEIN downgrades ABB from Market-Perform to Underperform and lowers price target from CHF 46 to CHF 45. $ABBN (+0.63%)

- BERNSTEIN downgrades SIGNIFY from Outperform to Market-Perform and lowers price target from EUR 30 to EUR 24. $LIGHT (+2.08%)

- DEUTSCHE BANK RESEARCH lowers the price target for UMICORE from EUR 10.50 to EUR 10. Hold. $UMICY (-0.59%)

- DEUTSCHE BANK RESEARCH lowers the price target for DOCMORRIS from CHF 45 to CHF 25. Hold. $DOCM (-5.31%)

- BERENBERG lowers the price target for HORNBACH HOLDING from EUR 100 to EUR 94. Buy. $HBH (-1.16%)

- CITIGROUP downgrades ROLLS-ROYCE from Buy to Neutral. $RR. (-1.34%)

- JEFFERIES lowers the target price for BHP GROUP from GBP 22.50 to GBP 21.50. Hold. $BHP (+2.79%)

- JEFFERIES lowers the price target for GLENCORE from GBP 5.50 to GBP 4.50. Buy. $GLEN (+2.87%)

- JEFFERIES lowers the target price for RIO TINTO from GBP 64 to GBP 60. Buy. $RIO (+1.96%)

- BERENBERG lowers the target price for NOVO NORDISK from DKK 975 to DKK 725. Hold. $NOVO B (+4.4%)

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- DEUTSCHE BANK RESEARCH raises the price target for NIKE from USD 82 to USD 84. Buy. $NKE (-0.55%)

- RBC raises the price target for ALPHABET A SHARE from USD 210 to USD 235. Outperform. $GOOGL (+2.34%)

- RBC raises the price target for AMAZON from USD 225 to USD 255. Outperform. $AMZN (-0.59%)

- RBC raises the price target for META from USD 630 to USD 700. Outperform. $META (+0.58%)

- ODDO BHF raises the target price for MUNICH RE from EUR 540 to EUR 555. Outperform. $MUV2 (-6.55%)

- ODDO BHF upgrades HERMES to Neutral. Target price EUR 2315. $RMS (-0.98%)

- ODDO BHF raises the target price for AIRBUS from EUR 168 to EUR 180. Outperform. $AIR (-0.64%)

- ODDO BHF raises the price target for FRAPORT from EUR 58 to EUR 61. Outperform. $FRA (+1.51%)

- JPMORGAN raises the target price for FEDEX from USD 366 to USD 370. Overweight. $FDX (+2.24%)

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- GOLDMAN lowers the price target for NIKE from USD 97 to USD 91. Buy. $NKE (-0.55%)

- BOFA lowers the price target for NIKE from USD 95 to USD 90. Buy. $NKE (-0.55%)

- ODDO BHF downgrades CARBIOS to Neutral. $ALCRB (+3.32%)

- KEPLER CHEUVREUX lowers the price target for LANXESS from EUR 31 to EUR 30. Buy. $LXS (+1.74%)

- HAUCK AUFHÄUSER IB lowers the target price for DEUTZ from EUR 8.50 to EUR 7. Buy. $DEZ (+8.54%)

- BARCLAYS lowers the price target for VERTEX from USD 509 to USD 418. Equal-Weight. $VRTX (-2.99%)

- GOLDMAN lowers the price target for BIRKENSTOCK from 59.10 USD to 57.90 USD. Neutral. $BIRK (-0.77%)

- GOLDMAN downgrades TEAMVIEWER from Buy to Neutral and lowers target price from EUR 17 to EUR 12. $TMV (+0.16%)

Analyst updates, 05.12.

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• HSBC upgrades SIEMENS to Hold. Target price EUR 185. $SIE (+2.46%)
• DEUTSCHE BANK RESEARCH raises the price target for MUNICH RE from EUR 450 to EUR 535. Hold. $MUV2 (-6.55%)
• DEUTSCHE BANK RESEARCH raises the price target for HANNOVER RÜCK from EUR 255 to EUR 294. Buy. $HNR1 (-3.68%)
• DEUTSCHE BANK RESEARCH raises the price target for TALANX from EUR 70 to EUR 76. Hold. $TLX (-3.17%)
• JEFFERIES raises the price target for ORACLE from 190 USD to 220 USD. Buy. $ORCL (+0.09%)
• HAUCK AUFHÄUSER IB raises the target price for MTU from EUR 264 to EUR 280. Sell. $MTX (+1.2%)
• BARCLAYS upgrades AUTO1 from Equal-Weight to Overweight and raises target price from EUR 9 to EUR 19. $AG1 (-0.73%)
• JPMORGAN raises the price target for HELLOFRESH from EUR 14 to EUR 16. Overweight. $HFG (+2.04%)
• JPMORGAN raises the target price for DELIVERY HERO from EUR 42 to EUR 55. Overweight. $DHER (+2.06%)
• JPMORGAN raises the price target for CTS EVENTIM from EUR 104 to EUR 112. Overweight. $EVD (-0.85%)
• JPMORGAN raises the target price for SCOUT24 from EUR 92 to EUR 105. Overweight. $G24 (+1.11%)
• JPMORGAN raises the target price for JUST EAT TAKEAWAY from GBP 16.02 to GBP 18.32. Overweight. $TKWY (-0.1%)
• JPMORGAN upgrades DELIVEROO from Neutral to Overweight and raises target price from GBP 1.70 to GBP 1.92. $ROO (+0.24%)
• JPMORGAN raises the price target for HEIDELBERG MATERIALS from EUR 150 to EUR 151. Overweight. $HEI (+1.61%)
• JPMORGAN raises the price target for FRAPORT from EUR 49 to EUR 59. Neutral. $FRA (+1.51%)

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• METZLER lowers the price target for HYPOPORT from EUR 220 to EUR 185. Sell. $HYQ (-0.59%)
• ODDO BHF lowers the target price for SCHOTT PHARMA from EUR 38 to EUR 37. Outperform. $1SXP (-1.01%)
• BARCLAYS lowers the target price for RIO TINTO from GBP 61 to GBP 60. Overweight. $RIO (+1.96%)
• JPMORGAN downgrades STRÖER from Overweight to Neutral and lowers target price from EUR 79 to EUR 57. $SAX (-0.21%)

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- KEPLER CHEUVREUX raises the price target for SAP from EUR 200 to EUR 230. Hold. $SAP (-1.21%)

- UBS upgrades HUGO BOSS from Neutral to Buy and raises target price from EUR 41 to EUR 49. $BOSS (+0.81%)

- BOFA raises the price target for FRAPORT from EUR 55 to EUR 56. Neutral. $FRA (+1.51%)

- UBS raises target price for RICHEMONT from CHF 144 to CHF 150. Buy. $CFR (+0.97%)

- BOFA upgrades HOCHTIEF from Neutral to Buy and raises target price from EUR 112 to EUR 140. $HOT (+3.52%)

- JPMORGAN raises target price for FEDEX from USD 350 to USD 366. Overweight. $FDX (+2.24%)

- JPMORGAN raises the price target for ROCHE from CHF 220 to CHF 230. Underweight. $ROG (-1.13%)

- UBS upgrades BMW from Neutral to Buy and raises target price from EUR 75 to EUR 83. $BMW (+1.07%)

- JEFFERIES raises target price for UNICREDIT from EUR 47 to EUR 49. Buy. $UCG (+1.87%)

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- HAUCK AUFHÄUSER IB lowers the price target for DELIVERY HERO from EUR 61 to EUR 52. Buy. $DHER (+2.06%)

- BARCLAYS lowers the target price for VOLKSWAGEN VORZÜGE from EUR 110 to EUR 100. Overweight. $VOW (+1.8%)

- BARCLAYS lowers the target price for PORSCHE SE from EUR 35 to EUR 30. Underweight. $PAH3 (+1.79%)

- UBS downgrades MERCEDES-BENZ from Buy to Neutral and lowers target price from EUR 72 to EUR 55. $MBG (+2.54%)

- EXANE BNP downgrades HYPOPORT from Outperform to Neutral. $HYQ (-0.59%)

- HAUCK AUFHÄUSER IB lowers the price target for IBU-TEC from EUR 12 to EUR 7.40. Hold. $IBU (+0%)

- KEPLER CHEUVREUX downgrades SYMRISE from Buy to Hold and lowers target price from EUR 122 to EUR 114. $SY1 (-0.57%)

- DEUTSCHE BANK RESEARCH lowers the price target for SANOFI from EUR 90 to EUR 85. Sell. $SAN (+0.25%)

- JPMORGAN lowers the price target for CARL ZEISS MEDITEC from EUR 56 to EUR 45. Underweight. $AFX (-0.55%)

- JPMORGAN lowers the price target for SARTORIUS from EUR 290 to EUR 275. Overweight. $SRT (+0.2%)

Analsyst updates, 08.11.

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- GOLDMAN upgrades BIONTECH from Neutral to Buy and raises price target from USD 90 to USD 137. $BNTX (+0.47%)

- BOFA raises target price for UNDER ARMOUR from USD 9 to USD 13. Neutral. $UAA (-20.19%)

- DEUTSCHE BANK RESEARCH raises the price target for DELIVERY HERO from EUR 29 to EUR 35. Hold. $DHE

- DEUTSCHE BANK RESEARCH raises the price target for SIEMENS from EUR 197 to EUR 200. Buy. $SIE (+2.46%)

- JEFFERIES raises the price target for HOCHTIEF from EUR 135 to EUR 138. Buy. $HOT (+3.52%)

- DEUTSCHE BANK RESEARCH raises the price target for SIEMENS HEALTHINEERS from EUR 60 to EUR 62. Buy. $SHL (+0.71%)

- DEUTSCHE BANK RESEARCH raises the price target for NORDEX from EUR 18 to EUR 19. Buy. $NDX1 (+1.63%)

- DEUTSCHE BANK RESEARCH raises the price target for RATIONAL from 832 EUR to 841 EUR. Hold. $RAA (+0.23%)

- DEUTSCHE BANK RESEARCH raises the target price for AXA from 37 EUR to 39 EUR. Buy. $CS (-0.42%)

- WARBURG RESEARCH raises the price target for BASTEI LÜBBE from EUR 11.70 to EUR 12.20. Buy. $BST (-1.9%)

- DEUTSCHE BANK RESEARCH raises the price target for ARCELORMITTAL from EUR 28 to EUR 29. Buy. $MT (+3.93%)

- DZ BANK raises the price target for SWISS RE from CHF 130 to CHF 140. Buy. $SREN (-3.2%)

- ODDO BHF raises the price target for HEIDELBERG MATERIALS from EUR 99 to EUR 110. Neutral. $HEI (+1.61%)

- KEPLER CHEUVREUX raises the price target for DAIMLER TRUCK from EUR 35 to EUR 41. Hold. $DTG (+2.02%)

- KEPLER CHEUVREUX upgrades REDCARE PHARMACY from Reduce to Hold. $RDC (-0.73%)

- ODDO BHF raises the price target for HENKEL from EUR 67 to EUR 73. Neutral. $HEN (-0.23%)

- ODDO BHF raises the price target for FREENET from EUR 27 to EUR 28. Neutral. $FNTN (+1.47%)

- BARCLAYS raises the target price for ABOUT YOU from EUR 3.10 to EUR 3.40. Underweight. $YOU (+0.07%)

- BARCLAYS raises the target price for NEMETSCHEK from EUR 108 to EUR 125. Overweight. $NEM (+0.73%)

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- BOFA lowers the price target for PINTEREST from USD 45 to USD 39. Buy. $PINS

- WARBURG RESEARCH lowers the price target for DAIMLER TRUCK from EUR 56 to EUR 55. Buy. $DTG (+2.02%)

- UBS lowers the price target for JCDECAUX from EUR 21.60 to EUR 18.50. Neutral. $DEC (-0.96%)

- WARBURG RESEARCH lowers the price target for ADTRAN HOLDING from EUR 9.70 to EUR 9.30. Buy. $ADTN (+0.65%)

- ODDO BHF lowers the price target for NORDEX from EUR 18 to EUR 17. Outperform. $NDX1 (+1.63%)

- BARCLAYS lowers the target price for VESTAS from DKK 99 to DKK 80. Underweight. $VWS (+0.21%)

- KEPLER CHEUVREUX lowers the price target for FRAPORT from EUR 62 to EUR 59. Buy. $FRA (+1.51%)

- BARCLAYS lowers the target price for GSK from GBP 15.50 to GBP 14.50. Equal-Weight. $GSK

- BERENBERG lowers the price target for COMPUGROUP from EUR 23 to EUR 21. Buy. $COP (-0.04%)

- BERENBERG lowers the price target for JUNGHEINRICH from EUR 41 to EUR 39. Buy. $JUN3 (-2.34%)

- JEFFERIES lowers the target price for SUSS MICROTEC from EUR 87 to EUR 75. Buy. $SMHN (-0.8%)

Fraport Q3 2024 $FRA (+1.51%)

Financial performance

The Fraport Group recorded impressive revenue growth of 12.2% last year, generating total revenue of €4.992.1 million. However, net debt increased by €333.8 million to €8,046.4 million. The operating result (EBIT) increased to €664.9 million, compared to €601.0 million in the previous year. Interest income increased to €105.1 million, while interest expenses rose to €267.4 million.

Cash flow overview

Cash flow from operating activities increased by 22.5% to €896.3 million. At € -318.1 million, free cash flow remained at the previous year's level.

Key figures and profitability ratios

Earnings per share (EPS) improved to €4.11, compared to €3.42 in the previous year. The equity ratio rose slightly from 22.9% to 23.6%.

Segment information

• In the segment Aviation segment, revenue increased by €108.6 million to €929.9 million.
• The segment Retail & Real Estate segment recorded sales growth of €26.2 million and generated a total of €391.9 million.
• In the segment Ground Handling segment, revenue grew by €57.0 million to €559.1 million.

Competitive position

Fraport benefited from the positive passenger development at the Frankfurt site, which recorded growth to 46.7 million passengers (+4.9 %). International sites such as Lima (+17.2 %) and Fraport Greece (+5.9 %) also contributed to growth.

Forecasts and management comments

The Executive Board confirms the annual forecasts for 2024 and expects an improvement in EBITDA and EBIT compared to 2023.

Risks and opportunities

A temporary closure of Porto Alegre Airport due to flooding poses a challenge, with operations expected to be fully restored by December 2024. In addition, Fraport has awarded a new license to Swissport International for ground services in Frankfurt.

Executive summary

The Fraport Group showed a solid financial performance with strong revenue and EBITDA growth. The balance sheet reflects both an increase in assets and equity, but also an increase in net debt. The positive passenger development at key international locations remains a key growth factor, despite challenges such as the temporary closure of Porto Alegre Airport.

Positive aspects

• Sales growth of 12.2% compared to the previous year
• 9.5% increase in Group EBITDA
• Positive passenger development at central locations
• Improved earnings per share
• Successful follow-up financing for the expansion of Antalya Airport

Negative aspects

• Increase in net debt
• Negative free cash flow
• Temporary closure of Porto Alegre Airport affects operations
• Higher operating costs due to increased concession fees
• The Ground Handling segment remains in the negative EBITDA range

Earnings summary this morning (05.11.) 👇🏼

Krones | $KRN (+0.38%) increases both sales and operating profit in the third quarter, with EBITDA growing by almost 22% to almost 135 million euros. The company confirms its forecast and benefits from improved material availability.

Uniper | $UN01 generates a profit of just under EUR 1.3 billion in the first nine months of 2024, but significantly less than in the previous year. The energy group confirms its outlook for the year with an expected net profit of EUR 1.1 to 1.5 billion.

Hugo Boss | $BOSS (+0.81%) recorded a slight increase in sales of 1% to 1.03 billion euros in the third quarter despite a slump in consumption in China, but EBIT fell by 7% to 95 million euros. The Group confirms its annual targets despite higher sales and marketing costs.

Fraport | $FRA (+1.51%) is lowering its expectations for passenger numbers in 2024 to the lower end of the range of 61 million passengers and is targeting EBITDA in the middle of the previous forecast of 1.26 to 1.36 billion euros. In the summer quarter, revenue rose by 11%, while operating profit only increased by 1%.

Fresenius Medical Care | $FRE (+4.13%) increases operating profit in the third quarter by 43 % to 463 million euros, which is attributable to successful cost savings. The company raises its forecast for adjusted operating profit, but expects a slight decline in sales.

Redcare Pharmacy | $RDC (-0.73%) reports a decline in adjusted EBITDA to 11.4 million euros in the third quarter and increases the loss for the first nine months to 20.1 million euros. The company confirms adjusted annual targets and expects a lower operating profit due to higher advertising expenditure for the e-prescription.

DHL | $DHL (+1.94%) reports a decline in profit of almost 7% to 751 million euros for the third quarter and lowers its forecast for operating profit in 2024 and 2026. Revenue increases by 6% to 20.6 billion euros, while EBIT remains stable at 1.4 billion euros.

Norma Group | $NOEJ (+2.26%) is revising its annual targets downwards and now expects sales of around EUR 1.2 billion and an adjusted EBIT margin of around 8.0 percent due to a challenging market environment. In the third quarter, the company recorded a decline in sales of 7.9% to 273.6 million euros and a drop in profit to 6.1 million euros.

Nintendo | $7974 (+4.07%)
Q2 24 Earnings:

- Net Income 27.70B Yen (est 49.4B Yen)

- Sees FY Oper Income 360.00B Yen, Saw 400.00B Yen

- Sees FY Total Switch Sales 12.50M Units, Saw 13.50M

Adecco | $ADEN (+1.93%) 24 Earnings:

- Net Income EU99.0M (est EU86.8M)

- Rev EU5.70B (est EU5.84B)

- Adj EBITA EU186.0M (est EU195M)

- Plans To Repay EU430M Debt Maturing In Dec 24