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 (-2,29 %)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 (+1,09 %)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 (+0,3 %)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 (+1,32 %)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

Earnings summary, 13.11. 👇🏼

Allianz Q3 24 Earnings: $ALV (-0,11 %)

- Oper Profit EU3.94B (est EU3.76B)

- Rev EU42.8B, With Records of 14% Op Profit Growth (Q/Q)

- Sees FY Oper Profit In In Upper Half Of EU13.*B -EU15.8B

Porsche SE
$P911 (+0,75 %) reports a drop in profit to 2.5 billion euros after tax in the first nine months, compared with 3.8 billion euros in the previous year, and confirms its annual forecasts for profit and net debt. Despite the challenges in the automotive industry, the holding company is attempting to further diversify its investments and has reduced its net debt to 5.1 billion euros.

Renk
$DE000RENK730 (-1,33 %) increased sales by over 19 percent to 778 million euros in the first nine months, driven by demand in the maintenance business and Vehicle Mobility Solutions. Despite an 8.1 percent increase in adjusted EBIT, the margin falls and net profit drops to EUR 7 million due to higher taxes, while the annual targets are confirmed.

The RTL Group $RTLL (-0,69 %) expects consolidated revenues to increase to EUR 6.3 billion in 2024, which is below previous expectations, and anticipates an EBIT at the lower end of the range of EUR 700 to 800 million. Revenue in the third quarter fell by 5.5% to €1.3 billion, while the Group's streaming services recorded 6.5 million subscribers.

Auto1
$AG1 (+1,42 %) raises its profit forecast for 2024 to between 72 and 84 million euros after the third quarter exceeded expectations with an operating profit of 34.3 million euros. Vehicle sales increased by 26 percent year-on-year to 176,632 units, while turnover grew by 24 percent to 1.6 billion euros.

Heidelberger Druckmaschinen
$HBGRY (-1,63 %) achieved a profit of 7 million euros in the second quarter, following a loss in the first quarter. Sales fall by just under seven percent to 512 million euros, while adjusted EBITDA falls to 40 million euros; the annual targets are confirmed.

TAG Immobilien
$TEG (-0,44 %) generates a profit of 30 million euros in the first nine months, after a loss of just under 275 million euros in the previous year, and expects a slightly positive operating profit trend for 2024. For the year as a whole, the real estate group expects an operating profit at the upper end of the forecast of EUR 170 to 174 million and further valuation gains in Poland for 2025.

The Deutsche Pfandbriefbank
$PBB (+1,32 %) recorded a net profit of 37 million euros in the third quarter, almost five times as much as in the previous year, thanks to lower loan loss provisions. Despite a six percent decline in income, the bank remains behind the previous year with new business of 2.5 billion euros, but sees itself on course for higher profits by 2027.

Ströer
$SAX (+0,13 %) recorded an increase in revenue of 2.5% to just under EUR 496 million in the third quarter, while the adjusted operating result rose by 6.1% to almost EUR 157 million. Co-CEO Christian Schmalzl expects high single-digit growth in the out-of-home advertising business for the year as a whole.

Podcast episode 60 "Buy High. Sell Low."

Banker interview part 2, job application, life, personal & private matters. Subscribe to the podcast, because part 3 is coming soon!

Spotify

https://open.spotify.com/episode/67iGQ3lcRqhxsQSXgsdHdY?si=pl4NBip0SK2HevoroljtQA

YouTube

https://youtu.be/_T1XtsyfKx4

Apple Podcast

https://podcasts.apple.com/us/podcast/folge-60-b%C3%A4nker-interview-teil-2-bewerbung-leben-pers%C3%B6nliches/id1695869891?i=1000673078238

$DBK (+0,21 %)
$CBK (+0,26 %)
$BNP (-0,99 %)
$HSBC (+0,56 %)
$HSBA (-0,26 %)
$GLE (-0,67 %)
$ACA (+0,72 %)
$FUT
$MS (+0,42 %)
$GS (+0,51 %)
$C (+0,58 %)
$WFC (+0,3 %)
$SAN (-0,48 %)
$BAC (+0,39 %)
$USB (+0,16 %)
$RBC (+0 %)$NUBR33$BNS (+0,42 %)$PBB (+1,32 %)
#podcast
$SPOT (-2,87 %)
$AAPL (-0,32 %)
$GOOGL (-2,71 %)
$GOOG (-2,51 %)
#bank
#banken
#karriere
#geld
#job

$Pbb (+1,32 %) Well moin, what's going on there?

#lossporn

I did everything wrong back then: I was blinded by a dividend that was too high but at the same time believed to be safe + I let myself be guided by emotions when selling. Even though I don't regret the sale or the timing. The money then flowed into my Japan "ETF" made up of 7 selected individual stocks.

$PBB (+1,32 %)

I am very annoyed that it has been known for over 2.5 months that the dividend of Deutsche Pfandbriefbank has been canceled and yet it is still shown in my portfolio at €0.95. Do you really have to update this manually? Where do you get your data from?

Thank you and LG

What do you think of Deutsche Pfandbriefbank $PBB (+1,32 %) ?

I still have it in my portfolio at the moment, but I'm about to sell it. It seems to me that it is no longer finding a bottom... 🙄

Another position ticked off. I really need to get my portfolio in order. Option 1 - simply sell the small position and never think about it again. Option 2 - take the small position above 500 euros and have an even number of units in the portfolio. Why option 2 - either the prime rate rises and the thing keeps going down or the prime rate falls and the thing goes up again at some point. So now I'll take the dividend and look at the whole thing again in 2026.

Hello!

What do you think?

Will all 3 rise again until the divi distribution?

$O2D (+0 %)

$RTLL (-0,69 %)

$PBB (+1,32 %)

Hello

I wanted to present a more detailed text about my portfolio and my motives behind each of my stocks (wall of text incoming). My depot consists of 2 parts and 3 depots:

scalable capital depot ( my main depot) 47 k €trade republic: created at some point in order to farm the free share together with my sister 2,5 k€ $IWDA (-0,08 %) + 0,25 $MBG (-0,17 %) sharesemployee share portfolio 2k $EOAN (+1,09 %)
before that, a short note about me :

25 years old, trained as an electronics technician, now a study support program (electrical engineering, who guessed it :D ) from my employer due to special achievements.

besides running 2 small companies (1x IT/hardware-things together with 2 friends runs okay not enough to live but for the time invested quite okay, as another hobby/business candle making-> doesn't really run well but I enjoy it) worked as a journeyman for 3/4 year between training and studies.

investment horizon >20 years but soon partial withdrawal to pay back the final amount of the housing loan (approx. 17k as apartment bought together with sister during training) [money for the apartment was earned by me or my sister herself except for 20k apartment 50/50 my sister and I she pays back more and she gets the rest back proportionally at the end of the loan after the end of my studies loan amount was 100k for 2 people].

now to the relevant part (descending by size in the aggregated getquindepot)

unfortunately no table possible therefore formatted as follows)

NAME of the share, share in the total portfolio, why did I decide on it, savings plan available

$IWDA (-0,08 %) 9.35 %, will be steadily expanded later as an ageing investment + constant growth, savings plan 80€

$ASML (+2,86 %) 7.12%, probably the strongest moat there can be + the future of semiconductors is very secure, not saved for

$EOAN (+1,09 %) 6.99% ->employee shares for 2 years with € 360 per year as a gift (209 employee shares)+ bought a little something myself, not saved except as part of the employee shares

$AVGO (-1,35 %) 6.01 %, steady growth in almost every product with radio installed, not saved

$OHI (-2,68 %) 5.55%, old people's home reit grow old and die we will always have a constant payout, not saved

$BAS (-0,79 %) 4.52% chemicals is important but difficult in germany i may soon switch to $LYB (+1,38 %) as the dutch take better care of their industry :D, not saved

$IUIT (-0,25 %) 4.07%, no way around US IT companies,20€ savings plan

$FNTN (+0,98 %) 3.74%,8% dividend distribution from reserves for the time being no KAP, not saved

$XEON (+0 %) 3.25%, money market etf as a substitute for call money-> no desire for call money account hopping, not saved

$EIMI (+0,37 %) 3.09%, in combination with the $IWDA (-0,08 %) to cover the whole world, 45€ savings plan

$SEMI (+0,66 %) 2.84%, I am a strong believer in semiconductors, so I like to have a general overweight in addition to asml and broadcom, 20€ savings plan

$BLK 2.72%, leading investment manager of large etf providers, in my opinion good annual growth, 45€ savings plan as in my opinion currently relatively "cheap with a kgv of 19-20

$MBG (-0,17 %) 2.44%, there is nothing that can keep up with the best or nothing in terms of quality even before the$DTG (-1,95 %) therefore also got 9 truck shares as a "gift" in addition to a very nice div return, not saved

$LHA (-0,42 %) 2.06% on recovery after a long dry spell will probably be sold soon because too volatile and difficult business segment, no savings plan

$ALV (-0,11 %) 1.85% due to its size, almost no one in the world can avoid a german consistency in the portfolio, in particular it benefits greatly from the riester pension contracts etc., no savings plan

$CPXJ (+0,16 %) 1.65% to compensate for the large amount of europe and the USA in my portfolio, €22 savings plan

$PEP (-0,29 %) 1.60% big food group nice growth great diversification not just drinks like $KO (+0,06 %) no savings plan

$MEUD (+0,04 %) 1.57% general europe does not hurt to reduce the usa share in the etfs, 25€ savings plan

$BAYN (-0,23 %) 1.48 %, pharma giant and fertilizer as well as seeds nobody on this planet can live without bayer in the long term, no savings plan

$MUV2 (-0,41 %) 1.4% large reinsurance company nice even growth but maybe a bit too expensive maybe it will be sold soon and bought again later as it is currently up >50%, no savings plan

$TMV (-1,35 %) 1.36% bought for speculation but will soon be out as no moat and too small and the product is completely easy to replace-> don't ask me what made me buy it but it is currently even up :D, no savings plan

$AMAT (-0,27 %) 1.34% what would semiconductors be without waver?,no savings plan

$HOT (-0,38 %) 1.3 %large construction company builds a lot for the public sector and they like to be ripped off sitting it out has paid off after -30% in the meantime, no savings plan

$FORTUM (+1,48 %) 1.29% former $UN01 mother and since the uniper used to belong to my employer, I know that most of them belong to the finnish state->can't go bankrupt but unfortunately very high withholding tax and only partially refundable-> soon out, no savings plan

$VNA (-0,26 %) 1.28% actually already more getquin once again has synchronization problems) with the housing shortage in germany a defacto nobrainer comes in my eyes to 110% with falling interest rates to old nievau back, about 50 € per month or even bissl more depending on what remains (but only if shares are quoted below 20 €)

$AIR (-0,71 %) 1.26% , boing shoots itself down only one relevant civil aircraft manufacturer remains, no savings plan

$PMT (+1,32 %) , 1.25% actually solid ride am currently not sure whether selling or topping up makes sense -> bad advice from me what do you advise? no savings plan

$MSFT (-0,51 %) 1.16 % still from the early days but stock solid mMn also better than $AAPL (-0,32 %) because it is much more broadly positioned and lives not only from the brand but also from the products Azure office + hardware + OS will probably stay forever, no savings plan

$PBB (+1,32 %) 1.14% actually good business model currently suffers from few construction loans + high dividend yield without capital tax-> top up, irregular savings plan see $VNA (-0,26 %)

$DTE (+1,4 %) 1.13% the only viable provider in germany in terms of wireless network + most of us mobile , no savings plan

$DBK (+0,21 %) <1% wanted to have a bank in the depot could not decide therefore partly$DBK (+0,21 %) and partly $CBK (+0,26 %) bought commerzbank is good deutche bank rather less->deutsche bank flies out, no savings plan on either of them

$ULVR (-1 %) <1% lebnesmittelgroßklonzern remains forever very diversified, no savings plan

$MO (-0,44 %) <1% the dead live longer performance is ok may stay for now, no savings plan

$MTX (+0 %) <1% every fleiger needs at least 2 of them and there are only a few relevant manufacturers, no savings plan

$SIE (+0,88 %) <1%, 100gram Siemens 100€ immortal industrial giant remains in the depot forever, no savings plan

$TGT (-0,15 %) <1%, convinced that target will come back in some areas in the USA, indispensable, sparplam 45€

$SHEL (+0,45 %) <1% has understood that oil is finite has now a very large e-charging network and a lot of renewable dirt (but brings insane subsidies and profits due to the current political mania for renewables and sustainability protection, no savings plan)

$IBM (+0,97 %) <1% no one in banking can get past an IBM mainframe+ very well back in quantum computing technology (possibly a rise to old glories soon), no savings plan

$DPW (+0,38 %) <1%, logistik weltmarkführer in einem stark steigendem markt ->I should actually increase TM, no savings plan yet

$G (-1,01 %) <1%, eigentlich gute versicherung lohnt sich nicht aber aufgrund der italienischen steuer -> will be out soon, no savings plan

$LIN (-0,28 %) <1% gas giant similar to bayer and basf constant growth in its area you could add to it again if it falls a bit, no savings plan at the moment

$VOW3 (+0,39 %) <1%, one of the few old utocorporations that i believe will turn around, too bad about mr. diess, no savings plan

$DTG (-1,95 %) <1%, spinoff from $MBG (-0,17 %) but is doing well may therefore stay, no savings plan

$UN01 <1%, will hopefully come back after the war will be held for the time being, no savings plan

$SAP (+0,44 %) <1% absolutely crappy software that unfortunately almost every company (has to) use anyway, especially because of competition $CRM (-0,2 %) many times worse, more unstable and far less powerful, no savings plan

$MMM (+0,35 %) <1% actually a company I love very much investment but only after all the legal proceedings have been completed, no more savings plan

$FLXI (+0,04 %) <1% democratic country with more than 1000000000 inhabitants on the upswing, hopefully soon to be the new china (only in economic terms), savings plan €12

$CCL (-0,95 %) <1%, vacations very popular, especially with the rich, only debt ratio is causing him a lot of trouble undecided whether to sell, no savings plan

$UNP (+0,59 %) <1%cross-border rail traffic in the USA at some point they will also (rediscover) the importance of the railroad, irregular savings plan

$AR4 <1% actually convinced but the management is a disaster actually out but I don't want to pay a minimum quantity surcharge :D, definitely no savings plan

$QCOM (-0,79 %) <1%, there are no other performant processors for cell phones (if someone comes with mediatek please just be quiet they are snot) still builds a lot for the us military, savings plan since 2 months about 50€

$ORI (+0,16 %) <1% top versicherung jedoch innerhalb eines sparplanzyklus zu stark gestiegen(10%) damit derzeit zu teur sparplan ausgesetzt

wer es bis hier geschafft hatglückwunsch und danke fürs lesen

ich bin für sämltliche anregungen offen

zu dem punkt weshalb ich die von mir angesprochen en aktien die ich gerne verkaufen würde noch nicht verkauft hab.: bin mir noch nicht sicher was es genau anstelle dessen werden soll und solange gilt immer time in the market >timing the market.

so i would be happy to receive suggestions as to what i should buy from the positions that will soon be sold.

LG Drööd O Fant