Tui customers book summer vacation later and winter loss falls + Eon increases operating profit strongly at the start of the year + Barclays starts CTS Eventim with 'Overweight' and target price 130 euros + Deutsche Pfandbriefbank confirms forecast
Tui customers $TUI1 (+2.11%)book summer vacations later and winter losses fall
- The late Easter date is pushing back the business of the travel group Tui this year.
- On the one hand, the Group missed out on sales and profits from Easter vacations in the winter half-year.
- On the other hand, people booked their trips for the summer later than usual, as the travel group announced in Hanover on Wednesday.
- Nevertheless, Tui was able to reduce the typical seasonal loss in the months from October to March.
- For the financial year to the end of September, CEO Sebastian Ebel sees the company on course to achieve its targets thanks to higher travel prices.
- In the winter half-year, Tui achieved a turnover of just under 8.6 billion euros, almost eight percent more than a year earlier.
- The operating loss adjusted for special effects (adjusted EBIT) shrank by 15 percent to 156 million euros, although the second quarter was weaker due to the lack of Easter business.
- The bottom line for the shareholders in the six months was a loss of just under 392 million euros, six percent less than in the previous year.
- For the current financial year, Ebel is still aiming for an increase in turnover of 5 to 10 percent.
- Adjusted operating profit is expected to increase by 7 to 10 percent.
Eon $EOAN (+1.63%)increases operating profit strongly at the start of the year
- Higher investments and colder weather have helped the energy supplier Eon to achieve a jump in earnings in the first quarter.
- Adjusted operating earnings before interest, taxes, depreciation and amortization (EBITDA) rose by 18 percent year-on-year to €3.2 billion at the start of the year, as Eon announced in Essen on Wednesday.
- "We have laid a good foundation for a successful financial year 2025," said CFO Nadia Jakobi according to the press release.
- She confirmed the annual forecast as well as the targets for 2028.
- In the first quarter, Eon invested almost 1.5 billion euros, around 22 percent more in the expansion of the electricity grid, such as the modernization and digitalization of the infrastructure and new grid connections.
- The grid business accounts for the lion's share of the Group's earnings and is dependent on regulatory framework conditions.
- At the same time, however, Eon was also helped by the fact that it was colder this year than in the previous year and the demand for energy was correspondingly higher.
- Adjusted net profit for the first three months amounted to EUR 1.3 billion, which corresponds to an increase of 22 percent.
- Meanwhile, the profit attributable to shareholders fell by 9 percent to 529 million euros, which is attributable to non-operating earnings effects from derivatives, for example.
Barclays starts CTS Eventim $EVD (+0.53%)with 'Overweight' and target price 130 euros
- The British investment bank Barclays has started the valuation of CTS Eventim shares with an "Overweight" rating and a target price of 130 euros.
- According to a recommendation issued on Tuesday, Bernd Klanten expects the solid growth and profitability increases at the ticket retailer and event organizer to continue.
- He expects the share price to double within five years.
Deutsche Pfandbriefbank $PBB (-0.23%)confirms forecast
- Deutsche Pfandbriefbank (pbb) has confirmed its targets after a slightly better quarter than expected by analysts.
- The commercial real estate financier continues to be concerned about the situation in the USA.
- For this reason, the Pfandbriefbank is reviewing all options for its existing business in the United States as well as the timing of the share buyback announced at the beginning of the year.
- In the first three months, the SDax-listed company announced on Wednesday in Garching near Munich that pre-tax profit had fallen by around 18 percent year-on-year to 28 million euros.
- Earnings fell by almost a fifth to 118 million euros.
- However, analysts had expected an even weaker result.
- Bank CEO Kay Wolf therefore also spoke of a solid quarter.
- "We were able to consolidate earnings in our core business and significantly reduce risk costs," he said and also confirmed the forecast for 2025 as well as the medium-term targets up to 2027.
Wednesday: Stock market dates, economic data, quarterly figures
- ex-dividend of individual stocks
- SAP SE € 2.35
- Rheinmetall AG €8.10
- freenet AG € 1.97
- WashTec AG € 2.40
- PNE AG € 0.08
- NORMA Group SE € 0.40
- Uzin Utz SE € 1.90
- Deutsche Real Estate AG € 0.04
- Quarterly figures / company dates USA / Asia
- 05:00 Sony annual results and strategy update
- 08:30 Foxconn quarterly figures
- 17:00 American International Group | American Tower AGM
- 18:00 First Solar | AMD AGM
- 22:00 Cisco Systems quarterly figures | Harley-Davidson AGM
- Quarterly figures / Company dates Europe
- 07:00 Bilfinger | Brenntag | Daimler Truck | Eon | Tui | Deutsche Pfandbriefbank
- 07:00 Knaus Tabbert | ABN Amro | Grand City Properties Quarterly figures
- 07:00 Fraport traffic figures April
- 07:30 Renk | Telefonica SA | Alstom | Indus Holding | Bouygues quarterly figures
- 07:45 Eni annual results and AGM
- 07:55 PVA TePla quarterly figures
- 08:00 Verbund AG | PVA TePla | Imperial Brands | Burberry quarterly figures
- 08:00 Daimler Truck | Tui Analyst Conference
- 08:30 Alstom Analyst Conference
- 09:00 Brenntag PK
- 09:30 Deutsche Pfandbriefbank PK
- 10:00 Porsche Automobil Holding SE Quarterly Figures | BMW | Deutsche Börse
- 10:00 K+S | Traton AGM | Bilfinger PK
- 10:15 ES: ECB Governing Council member Nagel, participation in panel discussion at Nova Economia Forum
- 11:00 1&1 AGM | Eon Analyst Conference
- 13:00 Bilfinger AGM
- 14:00 Brenntag Analysts' Conference | Renk Analysts' Conference
- 15:00 Patrizia Analyst Conference 1Q
- 17:50 Pirelli quarterly figures
- 18:00 Deutsche Euroshop | Euronext Quarterly figures
- Economic data
08:00 DE: Consumer prices (final) April PROGNOSE: +0.4% yoy/+2.1% yoy Preliminary: +0.4% yoy/+2.1% yoy Previous: +0.3% yoy/+2.2% yoy HICP PROGNOSE: +0.5% yoy/+2.2% yoy Preliminary: +0.5% yoy/+2.2% yoy Previous: +0.4% yoy/+2.3% yoy
11:15 MA: Fed Governor Waller, speech on Central Bank Research
14:40 EU: ECB board member Cipollone, chairs the panel on liquidity issues
15:10 US: Fed Vice Chairman Jefferson, speech on economic outlook
No time given:
- EE: Governing Council member Muller, presentation of the Eesti Pank Financial Stability Report
- AT: Opec monthly oil market report
