Thyssenkr Nucera

17.12.2024

Thyssenkrupp Nucera makes operating loss + Bitcoin with new ATH + Analysts' assessments of various stocks

Thyssenkrupp Nucera $NCH2 (-3.89%)makes operating loss

As expected, electrolysis specialist Thyssenkrupp Nucera slipped into the operating loss zone in the past financial year 2023/24 (as at the end of September). For the current financial year, the company also expects a loss of 30 million euros in the worst-case scenario, as the thyssenkrupp subsidiary announced in Dortmund on Tuesday. At best, a small profit of 5 million euros is expected. On average, analysts are predicting a small loss. In the 12 months to the end of September, the loss before interest and taxes (EBIT) amounted to 14 million euros, following an operating profit of 25 million euros a year earlier. The Group is targeting sales of 850 million to 950 million euros in the current financial year. The Green Hydrogen segment is expected to contribute between 450 million and 550 million euros. In the past financial year, revenue increased by 30 percent year-on-year to 862 million euros. The hydrogen business was the main contributor to this - sales climbed by 60 percent to 524 million euros. On balance, thyssenkrupp Nucea reported a profit of 11 million euros for continuing operations thanks to high interest income. In the previous year, the net profit amounted to 24 million euros.

New buy signals?

• The major Swiss bank UBS took the valuation of the shares of Jenoptik $JEN (+0.81%) with a "buy" rating. The Thuringian company is a technology leader with underestimated potential, wrote analyst Olivier Calvet. In pre-market trading on Tradegate, the shares rose by 3.7 percent compared to the Xetra close.
• Also Jungheinrich $JUN3 (-0.4%) was also driven by a buy recommendation from Citigroup. The shares of the forklift and pallet truck manufacturer rose by 2.7 percent on Tradegate
• Just like the shares of Airbus
  $AIR (-0.84%) which were upgraded to "buy" by Deutsche Bank and gained 0.9 per cent.
• After business figures Thyssenkrupp Nucera
  $NCH2 (-3.89%) rose by 4.7 percent on Tradegate at the Xetra close.

Tuesday: Stock market dates, economic data, quarterly figures

• ex-dividend of individual stocks

Telefonica EUR 0.15

STMicroelectronics USD 0.09

• Quarterly figures / company dates USA / Asia

14:30 Pfizer publication of forecast 2025

16:00 Agilent Technologies: Analyst and Investor Day

• Quarterly figures / Company dates Europe

07:00 Thyssenkrupp Nucera Annual Results | Givaudan Pre-close Roundtable Call 4Q

08:00 Thyssenkrupp Nucera Analyst Conference

10:00 Thyssenkrupp Nucera BI-PK

14:00 GlaxoSmithKline: Meet the management: Early pipeline Call

15:00 Givaudan Analyst Conference

• Economic data

09:30 EU: ECB Banking Supervision, Report on SREP 2024 (10:00 Press conference with Banking Supervisor Buch)

10:00 DE: Ifo Business Climate Index December PROGNOSE: 85.5 PREVIOUS: 85.7 Situation assessment PROGNOSE: 84.0 PREVIOUS: 84.3 Business expectations PROGNOSE: 87.5 PREVIOUS: 87.2

11:00 EU: ECB Banking Supervisor Buch, press conference on the presentation of the SREP 2024 report (with ECB Director Elderson)

11:00 DE: ZEW Economic Sentiment Index December FORECAST: 6.2 points previous: 7.4 points Economic Situation FORECAST: -93.0 points previous: -91.4 points | Trade Balance October

14:30 US: Retail Sales November PROGNOSE: +0.6% yoy previous: +0.4% yoy Retail Sales ex Motor Vehicles PROGNOSE: +0.4% yoy previous: +0.1% yoy

15:15 US: Industrial production and capacity utilization November Industrial production PROGNOSE: +0.2% yoy previous: -0.3% yoy Capacity utilization PROGNOSE: 77.2% previous: 77.1%

16:00 US: Inventories October PROGNOSE: +0.2% yoy previous: +0.1% yoy

Changes at Deutsche Börse:

The used car dealer Auto1 $AG1 (+3.11%) and the biotech company Evotec $EVT (+1.24%) return to the small cap index on 23.12.24 MDax of the German Stock Exchange. They will replace the metal recycler Befesa $BFSA (+2.16%) and the automotive and industrial supplier Stabilus $STM (+0.95%) which will be relegated to the small-cap index SDax, as announced by Deutsche Börse subsidiary ISS Stoxx on Wednesday evening.

Evotec was only forced to leave the MDax in September, but since then the shares have risen again in view of a possible sale of the company. Auto1, on the other hand, was previously listed on the MDax until spring 2022.

In addition, the SDAX also has three newcomers. The software company Nexus $NXU (+1.53%) the scientific publisher Springer Nature
$SPG (+1.06%) and the biosimilars specialist Formycon $FYB (+0.49%) .

On the other hand, the telecom equipment supplier Adtran Holdings
$ADTN (-3.05%) the office furniture mail order company Takkt
$TTK (-2.29%) and the hydrogen specialist Thyssenkrupp Nucera
$NCH2 (-3.89%) .

In the DAX there are no changes.

The changes will take effect on December 23 of this year.

Handelsblatt

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/ZPpl6YxM2S4?si=K_7TSd0HdgNKy91u

Tuesday:

The agricultural group $BAYN (+0.17%) Bayer misses expectations again. Operating profit for 2024 is now estimated at only 10.4 to 10.7 billion euros. Sales fell by 3.6% in Q3. Mainly because glyphosate is currently no longer in such high demand in South America.

https://www.handelsblatt.com/unternehmen/industrie/pharmaunternehmen-bayer-senkt-gewinnprognose-fuer-2024-und-erwartet-schwaches-neues-jahr/100084062.html

$SIX2 (+0.72%) Sixt is still struggling with write-downs on used cars. Business itself is going well. Sixt still expects a pre-tax profit of EUR 340 million for 2024. Revenue increased by 10% in the third quarter.

https://www.n-tv.de/regionales/bayern/Sixt-kappt-Gewinnprognose-article25355559.html

The ZEW economic expectations were worse than expected. Expectations have worsened, the opposite had been expected.

https://www.finanzen.net/amp/eintruebung-zew-konjunkturerwartungen-deutschland-sinken-im-november-unerwartet-14008723

Significant increase at $VUL (-4.6%) Vulcan Energy, the company is producing green lithium hydroxide for the first time from its own European plant in Frankfurt Höchst. The first quantities are now going to customers LG, Umicore, Stellantis and Renault.

https://www.automobilwoche.de/e-auto-akku/vulcan-energy-erstes-grunes-lithium-aus-europa

Wednesday:

The inflation rate in the USA is rising again, now at 2.6%. It is thus moving away from the target value of 2.0%. Economists expect Trump to cause inflation to rise further. This is because fewer tax payments could further fuel the US economy, which could lead to shortages of goods. Tariffs and a stock market rally could drive prices up further.

https://www.handelsblatt.com/finanzen/geldpolitik/us-inflationsrate-26-prozent-inflation-in-den-usa-zieht-wieder-an/100087587.html

Thursday:

Producer prices from the USA 🇺🇸 are higher than expected. Instead of 2.3%, prices rose by an average of 2.4% compared to the same month last year. The core index excluding food and energy prices also rose.

https://www.boerse.de/nachrichten-amp/USA-Erzeugerpreise-steigen-etwas-staerker-als-erwartet/36700617

Friday:

$TKA (-1.72%) After the hydrogen subsidiary $NCH2 (-3.89%) Nucera, Thyssenkrupp is planning its next spin-off. This time, the marine division is to be floated on the stock exchange as an independent company. Sales negotiations with the investor Carlyle have recently failed.

https://www.handelsblatt.com/unternehmen/industrie/stahlkonzern-thyssenkrupp-marine-sparte-koennte-2025-26-an-die-boerse-gehen/100088818.html

Key dates in the coming week:

Tuesday: 14:30 Inflation data (Canada)

Wednesday: 00:50 Trade Balance (Japan)

Friday: 08:00 Inflation data (DE)

What other important dates can you think of?

#inflation
#kanada
#handel
#japan
#bip

#$NCH2 (-3.89%) What do you think? Do you think they have a promising future? I'm thinking of adding them to my portfolio. They could be interesting in the future as they work with green hydrogen.

$NCH2 (-3.89%)

When is the next support?

What do you think of the $NCH2 (-3.89%) share?

Personally, I find it exciting, but in my opinion it is still leveling off. How do you see it?

Based on the results, there is currently a nice dip and good share prices :)

Partial sale carried out...

As every Sunday, the most important dates of the coming week and the news of the last week.

The most important dates in the video:

https://youtube.com/shorts/q6UzjDvEMvc?si=0N-11GnIvot8vU_7

Monday:

Switzerland 🇨🇭 is struggling with similar problems to Germany. In the 2nd quarter, the economy did not grow. Although consumption increased, industry shrank. The hospitality industry in particular grew significantly.

https://www.nzz.ch/wirtschaft/bip-stagniert-die-schweizer-wirtschaft-waechst-nicht-mehr-ld.1754542

The Swiss group $NESN (-0.19%) Nestlé sells its peanut allergy business Palforzia. The biopharma company Stallergenes Greer is buying Nestlé's shares. However, Nestlé will continue to be involved in research successes.

https://app.handelsblatt.com/unternehmen/handel-konsumgueter/nahrungsmittelkonzern-nestle-verkauft-erdnuss-allergiegeschaeft-palforzia/29370204.html

Following a price target confirmation at 51 euros from Kepler Cheuvreaux, the share of $KGX (+0.89%) Kion share price has risen significantly. We have held the share in our value portfolio for some time.

https://www.finanzen.net/nachricht/aktien/analystenstudie-kion-aktie-gefragt-kepler-cheuvreux-bestaetigt-kaufempfehlung-fuer-kion-12793843

German exports fell again, 0.9% compared with the previous month of June. Goods worth 130.4 billion euros were still exported. The most important customer country remains the USA 🇺🇸, exports to which rose by 5.2%.

https://app.handelsblatt.com/politik/konjunktur/konjunktur-globale-nachfrageschwaeche-deutsche-exporte-sinken/29370248.html

Tuesday:

Things are still not going well in China 🇨🇳. China's service sector was slower in August than it has been in 8 months. The Caixin purchasing managers index fell from 54.1 to 51.8 points.

https://www.handelszeitung.ch/newsticker/chinas-dienstleistungssektor-verliert-an-schwung-634176

$SB1 (-0.76%) Smartbroker released its first-half results. Sales fell significantly, and the sales forecast for the full year has to be revised downwards. Instead of 51 to 56 million, sales of EUR 46 to 51 million are now expected.

https://www.boerse.de/nachrichten-amp/EQS-Adhoc-Smartbroker-Holding-AG-veroeffentlicht-vorlaeufiges-Finanzergebnis-fuer-H1-2023-und-passt-Prognose-2023-an/35259384

Wednesday:

Manufacturing orders slumped 11.7% in July compared to the same month last year. Economists had expected a drop of only 4.0%.

https://app.handelsblatt.com/politik/konjunktur/konjunktur-deutsche-industrie-verzeichnet-groessten-auftragseinbruch-seit-2020-bleibt-sorgenkind/29374754.html

The Ukrainian economy grew by 2.2% in the year to July. In 2022, the economy slumped massively due to Russia's war of aggression; now the economy is recovering a little.

https://app.handelsblatt.com/politik/international/live-blog-zum-ukraine-krieg-ukrainische-wirtschaft-bis-juli-um-2-2-prozent-gewachsen-us-aussenminister-blinken-in-der-ukraine/27982126.html

Some changes in the German indices. United Internet moves up to the MDAX, while Krones moves to the SDAX. Also $NCH2 (-3.89%) Thyssenkrupp Nucera moves up to the SDAX, as does Ionos, Basler drops out.

https://www.deraktionaer.de/artikel/indizes/dax-mdax-co-united-internet-thyssenkrupp-nucera-und-ionos-steigen-auf-das-sind-die-absteiger-20338897.html

Retail sales in the euro zone fell slightly, down 0.2% on the previous month. However, business with food, beverages and tobacco picked up.

https://www.lebensmittelzeitung.net/handel/nachrichten/konjunktur-einzelhandelsumsatz-in-der-eurozone-geht-leicht-zurueck-173279?crefresh=1

Thursday:

$NESN (-0.19%) Nestlé buys chocolate manufacturer Copenhagen for about EUR 500 million. This improves Nestlé's position in the Brazilian market.

https://app.handelsblatt.com/unternehmen/handel-konsumgueter/nahrungsmittelkonzern-nestle-uebernimmt-mehrheit-an-schokoladenmarke-kopenhagen/29377488.html

$SAP (-0.03%) SAP buys the software management company Leanix. The company offers a cloud platform for transparency of its own IT systems. Customers thus learn which IT systems they actually use, which helps with modernization. According to experts, the deal could have cost around 1.2 billion euros.

https://app.handelsblatt.com/technik/it-internet/software-sap-kauft-softwaremanagement-firma-leanix/29376328.html

$AAPL (+1.34%) Apple is under pressure because of bans in China. Allegedly, Beijing is banning officials from using IPhones. The ban affects a few million people, so the stock is also giving way. Already when Felix was in China, the state promoted switching to the Chinese manufacturers ZTE or Huawei. With the ban, China is now presumably also reacting to the USA's ban policy.

https://amp2.handelsblatt.com/technik/it-internet/asien-china-verbietet-angeblich-staatsbediensteten-iphone-nutzung/29375148.html

Initial jobless claims in the U.S. 🇺🇸 fell further to 216,000. This is the lowest level in 7 months and is increasingly fueling concerns that there could be another interest rate hike.

https://apnews.com/article/unemployment-benefits-jobless-claims-layoffs-labor-a5f1f57d1245c947ca0e1b1051e386d7

Friday:

Bad data from Japan 🇯🇵 makes for a bad start to the day. Japan's GDP is growing more slowly than expected. Japan grew 4.8% in the second quarter, but growth of 5.5% was expected.

https://www.cnbc.com/amp/2023/09/08/asia-stock-markets-today-live-updates.html

In China 🇨🇳 , auto sales are picking up again for the first time since May. Compared to the previous year, car sales increased by 2.2%. Tesla in particular benefited from this, with almost 65,000 Teslas sold in China in August alone thanks to discount campaigns.

https://app.handelsblatt.com/unternehmen/industrie/autobranche-pkw-absatz-in-china-nimmt-wieder-an-fahrt-auf/29380560.html

$1COV (-0.02%) Covestro is finally ready for talks with Adnoc. The Abu Dhabi-based oil company wants to buy Covestro, but the Board of Management has so far rejected this. Talks were only held through advisors, but now official talks are being held. Adnoc would probably be willing to pay EUR 60 per share.

https://app.handelsblatt.com/unternehmen/industrie/kunststoffhersteller-covestro-nimmt-offizielle-uebernahme-gespraeche-mit-adnoc-auf/29381192.html

These are the most important dates for the coming week:

Monday: 08:00 Inflation data (Norway)

Tuesday: 11:00 ZEW survey (DE)

Wednesday: 14:30 Inflation data (USA)

Thursday: 14:15 ECB interest rate decision

Friday: 04:00 Retail Sales (China)

As every Sunday, the news of the last week and the most important dates of the coming week:

The dates of the coming week in the video:

https://youtube.com/shorts/TLAa8AfsBSk?si=8iMwL7RlXG5rtKHN

Monday:

Retail sales in Australia 🇦🇺 rose more than expected. However, the main reason for the increase is the slump in the previous month of June.

https://m.investing.com/news/economic-indicators/australia-retail-sales-rise-more-than-expected-in-july-3162142

First figures for Thyssen Krupp's hydrogen subsidiary $NCH2 (-3.89%) Nucera from Thyssen Krupp - sales almost doubled over the year. Profits rose from 4 to 7 million in the 2nd quarter. Growth is being held back by capacity expansion, but the IPO raised 500 million euros.

https://www.handelsblatt.com/unternehmen/industrie/industrie-thyssen-krupp-wasserstofftochter-nucera-verdoppelt-umsatz/29357710.html?nlayer=Newsticker_1985586

Poor study data on a drug to treat ovarian cancer cause the share price of $NVCR (+0.99%) Novocure's stock plummet. The survival rate of patients could not be increased.

https://app.handelsblatt.com/finanzen/maerkte/marktberichte/dow-jones-sundp-500-nasdaq-wall-street-oeffnet-mit-gewinnen-novocure-stuerzt-ab-/29358382.html

Tuesday:

According to the #ifo barometer on employment, only service providers currently intend to create new jobs. Industry, trade and construction, on the other hand, are planning layoffs.

https://app.handelsblatt.com/politik/konjunktur/beschaeftigung-ifo-barometer-nur-dienstleister-wollen-aktuell-noch-personal-aufbauen/29359166.html

It was already reported yesterday that the Chinese state is deliberately strengthening the stock markets. To this end, the stamp duty that used to be levied on the purchase of shares will be halved.

https://www.tagesschau.de/wirtschaft/weltwirtschaft/china-finanzmarkt-stempelsteuer-100.html

Real wages increased slightly for the first time in two years. Real wages increased by 0.1% compared with the prior-year quarter. The citizen's income is also being increased and is set to rise by 12% from 2024. This means it should also increase in real terms, i.e. still inflation.

https://www.handelsblatt.com/politik/deutschland/sozialleistungen-buergergeld-steigt-auf-563-euro/29360160.html?nlayer=Newsticker_1985586

Real estate prices in the USA 🇺🇸 did not fall further in June. One of the main reasons is that both buyers and sellers are holding back.

https://www.wsj.com/economy/housing/u-s-home-prices-held-steady-in-june-d83f14d3

$GAZP Gazprom is suffering from the sanctions on Russia. The group loses almost $200 million in one quarter. Significantly less gas is being exported to Europe, and the ruble has also depreciated.

https://app.handelsblatt.com/politik/deutschland/energie-gazprom-rutscht-im-zweiten-quartal-in-die-roten-zahlen/28616386.html

Wednesday:

$DHER (+3.05%) Delivery Hero makes significantly less loss. It was still 832 instead of 1.5 billion euros in the first half. However, analysts had expected only about 570 million euros.

https://www.handelsblatt.com/unternehmen/industrie/-geschaeftszahlen-im-newsblog-delivery-hero-halbiert-verlust-nahezu/24098412.html?nlayer=Newsticker_1985586

Import prices continue to fall in Germany. Imported goods were 0.6% cheaper in July than in June. This is having a positive impact on inflation.

https://www.handelsblatt.com/politik/deutschland/einfuhren-deutsche-importpreise-sinken-weiter-deutlich/29362280.html

The inflation rate in Germany continued to fall in August, albeit less sharply than had been expected. Instead of 6.0%, the inflation rate was still 6.1%. Core inflation remained at 5.5%.

https://m.faz.net/aktuell/finanzen/inflation-in-deutschland-faellt-im-august-auf-6-1-prozent-19137911.html

Thursday:

Production data in China is now negative for the fifth month in a row. The Purchasing Managers' Index moved up slightly from 49.3 to 49.7, which is also why two Chinese cities now have the option of easier mortgage lending.

https://app.handelsblatt.com/finanzen/maerkte/marktberichte/boerse-asien-chinesische-anleger-bleiben-nach-schlechten-wirtschaftsdaten-skeptisch/29364642.html

$7203 (+2.16%) Toyota presents strong data, also due to the weak yen, sales increased significantly. Most recently, Toyota was mainly in the headlines because of a production stoppage of all Japanese plants.

https://www.spiegel.de/wirtschaft/toyota-gesamte-japanische-produktion-gestoppt-a-28dfbcee-59d9-4e87-8dfb-5812457bd857

The inflation rate in the euro zone is stubbornly holding steady at 5.3%; a drop to 5.1% was expected. As early as September 14, the ECB will decide on the further interest rate policy in a meeting. The ECB wants to decide purely on the basis of data. It therefore remains open whether there will be a further interest rate hike or a rate cut.

https://www.handelsblatt.com/finanzen/geldpolitik/geldpolitik-inflation-im-euro-raum-verharrt-ueberraschend-bei-5-3-prozent/29363740.html

India 🇮🇳 currently seems to be the place to be. The growth is breathtaking, India seems to be able to profit from the weakness of China. The growth rate in the months April to June was 7.8%. India is thus growing faster than China for five quarters in a row.

https://app.handelsblatt.com/politik/international/konjunktur-indien-haengt-china-beim-wachstum-immer-deutlicher-ab/29365996.html

Friday:

$NDA (-1.54%) Aurubis has to cut its annual forecast due to thefts in the three-digit million range. The copper producer already had to correct the result in June due to thefts.

https://app.handelsblatt.com/unternehmen/industrie/kupferhersteller-aurubis-gibt-nach-metalldiebstahl-gewinnwarnung-ab-aktie-stuerzt-ab/29366954.html

Mixed figures from the US labor market report - although 187,000 new jobs were created, the previous months' figures had to be revised downward by 200,000 jobs. Unemployment rose 0.3 percentage points to 3.8. This increases the probability of an interest rate pause in the USA 🇺🇸.

https://www.tagesschau.de/wirtschaft/finanzen/marktberichte/marktbericht-dax-dow-geldanlage-ezb-euro-zinsen-aktien-100.html

These are the most important dates for the coming week:

Monday: 09:00 GDP figures (Switzerland)

Tuesday: 03:45 Caixin services (China)

Wednesday: 11:00 Retail Sales (Euro)

Thursday: 14:30 Labor data (USA)

Friday: 01:50 GDP figures (Japan)