USA: Court orders Chevron to pay compensation for environmental damageA court in the USA has ordered Chevron $CVX (-2,93 %) to pay damages after the company was held responsible for serious environmental damage. An investigation by the non-governmental organization Lowlander Center found that Chevron had dug channels to reach oil and gas rigs in the Gulf of Mexico. These interventions have severely impaired the natural flow of water in the surrounding wetlands. During extreme weather events, the ocean's water masses could now flow unhindered inland instead of being dispersed in the wetlands, which could have disastrous consequences for the local flora and fauna. A law dating back to 1978 obliges companies to dismantle and recultivate used areas after the end of operations. However, Chevron failed to obtain the necessary permits and remove the legacies, resulting in significant contamination from improperly stored wastewater that was released unchecked into the environment.

Thyssenkrupp terminates supply contract with supplier HKMThyssenkrupp $TKA (-3,21 %) has terminated the supply contract with the supplier HKM, causing uncertainty among the affected employees. However, the company emphasizes that the supply of primary material to its shareholders remains secured until further notice. Despite the dismissal, there are currently no immediate effects on the continued operation of HKM. In the morning, around 1000 employees of HKM and other Duisburg steel companies protested in front of Thyssenkrupp's headquarters. IG Metall expressed serious concerns about possible job losses and an imminent closure of the plant, further increasing employees' worries about their future. The situation remains tense and all eyes are on the upcoming decisions that could have a significant impact on the future of the steel industry in Duisburg.

Sources:

https://www.manager-magazin.de/unternehmen/industrie/usa-gericht-verurteilt-chevron-zu-schadensersatz-fuer-umweltschaeden-a-e999ccc6-0c14-4673-8786-d47405c81d69

https://www.manager-magazin.de/unternehmen/industrie/thyssenkrupp-kuendigt-liefervertrag-mit-zulieferer-hkm-a-53d2ff1a-129d-4c39-af56-49ef463d907f

ThyssenKrupp AG (Ticker: $TKA (-3,21 %) | ISIN: DE0007500001)

Sector: Industry, mechanical engineering, materials

Head office: Essen, Germany

Description:

ThyssenKrupp AG is a global industrial group with a focus on technology, materials and mechanical engineering. The company developed from the merger of Thyssen and Krupp and is now active in various areas.

Core areas & products:

• 
  Automotive supply - Springs, stabilizers, steering systems
• 
  Materials & Steel - High-performance steels, precious metals, aluminum
• 
  Mechanical & plant engineering - Chemical plants, cement works
• 
  Marine & submarine construction - Military and civilian ships
• Elevator & conveyor technology - Formerly ThyssenKrupp Elevator (sold)

Fundamental analysis

ThyssenKrupp AG shows a mix of strategic opportunities and challenges:

Financial health:

• Current financial metrics are not fully available, but strategic initiatives indicate a focus on cost reduction and restructuring.
• Cost reduction measures: ThyssenKrupp plans to save over €150 million in the Automotive division, including through headcount reductions and investment adjustments.
• Marine Systems spinoff: The planned spinoff of the Marine Systems division through an IPO could increase financial flexibility and strengthen the focus on profitable areas.

Growth prospects:

• Defense sector: rising military spending in Europe offers significant opportunities for the Marine Systems Division. A major order for six frigates worth over €15 billion has already led to a significant increase in the share price.
• Diversification: ThyssenKrupp is active in several sectors, including automotive technology and green technologies, which spreads the risk and offers long-term growth potential.

Risks:

• Market volatility: the stock is highly dependent on developments in the defense sector and the global economic situation.
• Competitive pressure: The automotive industry is under pressure, which could weigh on margins in this segment.

Entry zones:

• Potential entry zones are close to the identified support levels, particularly at €4.55 and €4.65. These areas could attract stronger buying interest, making them interesting entry points.

Support zones:

• Main support zones are at €4.55 (S3) and €4.65 (S1). These levels have been identified based on historical price movements and technical indicators and could serve as important areas for potential buying.

Current price:

• The current price of ThyssenKrupp AG is €10.04 (as of March 19, 2025). This is well above the identified support and resistance levels, indicating a potentially bullish trend.

Conclusion:

The technical analysis shows that the entry zones could be close to the support levels at €4.55 and €4.65. The current price of €10.04 indicates a possible continuation of the upward trend. Note, however, that the analysis is based on historical data and external market factors have not been taken into account. A comprehensive trading strategy should include additional indicators and market news.

Future outlook: Rising military spending in Europe

Market performance:

• Rising military spending in Europe has already led to a significant rise in the share price. Analysts see ThyssenKrupp as a long-term investment, but recommend considering short-term profit-taking after the recent rise.
• Fiscal multiplier: Goldman Sachs estimates that every €100 spent on defense could boost GDP by about €50 over two years, which could also benefit ThyssenKrupp.

Sector dynamics:

• Marine Systems Division: this division is benefiting strongly from increased demand for defense technologies. The planned carve-out could offer additional value creation potential.
• Diversification: ThyssenKrupp is well positioned to benefit from broader industrial trends, particularly in green technologies.

Risks:

• Economic challenges: Higher defense spending could lead to inflation and rising debt, which could weigh on the overall economy.
• Market volatility: The share remains susceptible to short-term fluctuations, particularly in the event of geopolitical developments.

Conclusion

ThyssenKrupp AG offers an interesting investment profile with strong growth opportunities in the defense sector and a diversified business structure. The current price of €10 could be a good entry point, especially if the stock goes through a short-term consolidation. In the long term, the company could benefit from rising military spending in Europe and strategic initiatives to cut costs and focus on profitable areas.

1/3 profits taken, the rest continues to run as the outlook is good.

The multi-billion euro package for defense and infrastructure has cleared a decisive hurdle:

After lengthy negotiations, the parliamentary group leaders of the CDU/CSU, SPD and Greens have reached an agreement. The Bundestag could pass the package as early as next Tuesday.

The stock market reacted positively: $RHM (+1,03 %) rises by five percent, $SMA records a rise of six percent, $KGX (-5,44 %) rises by five percent, $TKA (-3,21 %) rises by six percent and $BC8 (-0,77 %) and can record an increase of nine percent.

If the Bundestag agrees, the bill still has to go through the Bundesrat. Here, too, a two-thirds majority is required for a resolution.

The negotiations took several days. Friedrich Merz had come a good deal closer to the Greens. On Thursday in the Bundestag, Merz offered to relax the debt brake not only for defense, but also for civil protection, civil defence and intelligence services. He also suggested earmarking part of the infrastructure loans for climate protection. However, the Greens had missed guarantees both for more money for the climate and that climate protection spending would actually increase.

European defense stocks rise after Selensky-Trump dispute

Shares in the defense industry experienced a strong upswing on Monday, and there are good reasons for this. The trigger was the scandal between Ukrainian President Volodymyr Selenskyj and US President Donald Trump, which brought talks on a raw materials agreement and security guarantees to a standstill. This uncertainty has prompted investors to bet on defense stocks in the expectation that defense spending in Europe will increase.

Rheinmetall $RHM (+1,03 %) reached a new record high in the DAX and closed with an impressive gain of 13.71% at EUR 1,144.50. This means that the share has already gained 80 percent since the beginning of the year. HENSOLDT $HAG also benefited from the general euphoria and closed up 22.25 percent at 64.00 euros. Shares in thyssenkrupp $TKA (-3,21 %) rose by 10.57 percent to 8.41 euros, while RENK $ABBV (-5,8 %) rose by 18.90 percent to 35.52 euros.

Analysts agree that geopolitical tensions and uncertainty over US policy will boost defense spending in Europe. Jürgen Molnar from RoboMarkets emphasizes that the world has changed after the scandal and that Europe can no longer count on the USA as a reliable partner. JPMorgan analyst David Perry points out that many NATO countries will increase their defense spending in the near future, which could further boost demand for defense stocks.

Forecast: Aramco expects results

Saudi Aramco $2222 is about to announce results for the quarter ending December 31, 2024. Analysts estimate that earnings per share will come in at 9.3 cents, down from 11 cents in the same quarter last year.

For sales, analysts expect a decline to an average of EUR 103 billion, which corresponds to a decrease of 11.69 percent compared to the previous year. Last year, Aramco recorded sales of EUR 117 billion. For the past fiscal year, analysts expect earnings of EUR 0.42 per share, compared with EUR 0.48 per share in the previous year. Total sales are estimated at EUR 450 billion, which also represents a decline compared to last year.

Sources:

https://www.finanzen.net/nachricht/aktien/trump-selenskyj-streit-renk-hensoldt-thyssenkrupp-leonardo-rheinmetall-aktien-co-profitieren-stark-von-sondervermoegen-diskussion-14285430

https://www.finanzen.net/nachricht/aktien/aktie-im-fokus-ausblick-aramco-saudi-aramco-gibt-ergebnis-zum-abgelaufenen-quartal-bekannt-14285220

$TKA (-3,21 %)

Hello everyone,

if you are interested in Thyssenkrupp Marine Systems, do you recommend $TKA (-3,21 %) buy it beforehand and benefit from a spin-off or buy it after the IPO? What are the advantages of one option and what are the disadvantages of the other?

The news about Thyssenkrupp $TKA (-3,21 %) are causing a stir in the financial world! The Group is planning to float its marine division, Thyssenkrupp Marine Systems (TKMS), on the stock market before the end of 2025. Among other things, this decision has contributed to the fact that the share price of the parent company has already risen by around 140% since September. 🚀

Thyssenkrupp CEO Miguel López explained in a podcast that the shares in the marine division will be issued to existing shareholders, while Thyssenkrupp will retain a majority stake of at least 51 percent. This could give shareholders direct access to a potentially valuable company.

Thyssenkrupp's current share price climbed almost 13 percent after the announcement, surpassing the 7 euro mark. This is an impressive rise considering that the share was still at 3 euros at the beginning of September. Analysts from Citigroup emphasize that the spin-off of the marine division and the focus on business areas with higher added value could offer great opportunities. The coming months could therefore be exciting!

Heidelberg Materials aims for further growth in operating profit + Hamborner REIT exceeds expectations + Fuel cell specialist SFC Energy expects further growth + Citigroup raises Thyssenkrupp price target and praises Marine IPO

Heidelberg Materials $HEI (-0,19 %)aims for further growth after record operating profit

• The building materials group Heidelberg Materials (formerly Heidelbergcement) is optimistic for the current year following a record operating profit.
• "Thanks to our broad geographical positioning and active cost and price management, we were able to more than compensate for declines in demand in individual regions," said CEO Dominik von Achten on Tuesday in Heidelberg.
• Although the construction sector is still characterized by volatility in some regions, the stabilization in the core markets is continuing.
• The management therefore expects earnings growth again in the current year.
• In 2024, turnover remained at the previous year's level of just under EUR 21.2 billion despite declining sales volumes, as the DAX-listed company announced.
• Adjusted EBIT - the so-called RCO - increased by 6 percent to 3.2 billion euros.
• A savings program also contributed to this. This was as much as analysts had expected.
• The bottom line was a profit attributable to shareholders of just under 1.8 billion euros after around 1.9 billion euros in the previous year.
• For the current year, the Executive Board expects adjusted earnings before interest and taxes of between EUR 3.25 billion and EUR 3.55 billion.

Hamborner REIT $HABA (-2,64 %)exceeds expectations with operating result

• The commercial real estate specialist Hamborner Reit generated more rental and lease income last year thanks to property acquisitions.
• Rental and leasing income rose by 2 percent year-on-year to EUR 93.0 million in 2024, as the company announced on Tuesday based on preliminary figures.
• However, funds from operations (FFO), an important operating indicator for the real estate sector, fell by 5.5% to EUR 51.6 million.
• Higher expenses for maintenance, personnel and administration also had a negative impact here.
• FFO is slightly above the average analyst estimate.
• The net asset value per share fell by 2.3% year-on-year to EUR 9.79.
• The company had already commented on the outlook and the dividend last week.
• Accordingly, income from rents and leases is expected to fall to between EUR 87.5 million and EUR 89.0 million, primarily due to the sale of properties.
• The expected decline in FFO to between EUR 44.0 million and EUR 46.0 million was also held back by increased maintenance and personnel costs as well as expenses for strategic and regulatory projects.
• As already announced, the dividend is expected to remain at the previous year's level of 48 cents per share.

Fuel cell specialist SFC Energy $F3C (+1,45 %)expects further growth

• The fuel cell specialist SFC Energy intends to continue its growth course in the current year.
• Sales are expected to increase by around 11 to 25 percent to between 160.6 million and 180.9 million euros in 2025, the company announced when presenting its preliminary annual figures.
• The strongest growth impetus is likely to come from the North American and Asian regions.
• SFC expects adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) to be between 24.7 and 28.2 million euros.
• The company can build on well-filled order books.
• The order backlog rose by 28.6 percent to around 104.6 million euros at the end of the year.
• Thanks to high demand in the fourth quarter, incoming orders increased from 124.8 to 167.7 million euros in 2024.
• Last year, SFC increased its turnover by 22.5% to 144.75 million euros, according to the statement.
• The company thus reached the upper end of its forecast.
• Adjusted EBITDA grew by 45.2 percent to 22 million euros and was better than SFC had recently forecast.

Citigroup raises thyssenkrupp price target $TKA (-3,21 %)and praises Marine IPO

• The US bank Citigroup has raised its target price for Thyssenkrupp from 5.50 to 8.50 euros and left its rating at "Buy".
• Cash, price drivers, options - the steel and industrial group has all this practically in abundance, wrote analyst Ephrem Ravi in his reassessment published on Tuesday.
• The only decisive factor for success is implementation.
• The spin-off of the marine division and the further reduction of the steel business could create enormous value.
• The marine division alone could cover the current market capitalization of the entire group.

Tuesday: Stock market dates, economic data, quarterly figures

• ex-dividend of individual stocks
• Compania de Distribucion Integral Logista Holdings EUR 1.53
• CDW Corporation USD 0.63

• Quarterly figures / company dates USA / Asia
• 12:00 Home Depot annual results
• 14:30 Paypal Investor Day
• 17:00 Apple AGM

• Quarterly figures / Company dates Europe
• 07:00 Fresenius Medical Care | Heidelberg Materials | Hamborner Reit Annual results
• 07:30 Raiffeisen Bank International | SFC Energy | Uniper Annual Results
• 08:00 Flatexdegiro Annual results
• 08:30 Uniper Analyst Conference
• 09:00 Flatexdegiro PK
• 10:00 Fresenius Medical Care | Heidelberg Materials BI-PK
• 11:00 Hamborner Reit Analyst and Press Conference | Uniper BI-PK
• 14:00 Fresenius Medical Care | Heidelberg Materials | Flatexdegiro Analyst Conference
• 18:00 ASM International annual figures
• 22:00 Alcon annual figures

Economic data

08:00 DE: GDP (2nd release) 4Q calendar and seasonally adjusted yoy FORECAST: -0.2% yoy 1st release: -0.2% yoy 3rd quarter: +0.1% yoy calendar adjusted yoy FORECAST: -0.2% yoy 1st release: -0.2% yoy 3rd quarter: -0.3% yoy

08:00 DE: Main construction sector, new orders and sales December

08:00 DE: Maastricht ratio (government revenue and expenditure) 2024

11:00 EU: ECB wage index

11:00 DE: Governing Council member Nagel, press conference on the presentation of the Bundesbank Annual Report 2024

11:00 DE: Deutsche Bundesbank, Balance sheet press conference with President Nagel

14:00 UK: ECB Director Schnabel, speech at conference on "The Future of the Central Bank Balance Sheet"

14:00 HU: Hungarian Central Bank results of the Monetary Policy Council

16:00 US: Consumer Confidence Index February FORECAST: 102.4 previous: 104.1

17:45 US: Fed Governor Barr, speech at "Yale Program on Financial Stability" event

19:00 US: Fed Richmond President Barkin, speech at the Rotary Club of Richmond