Lilium

$LILM Apparently delisted from the stock exchange(s) today.

Lilium
$LILM developer of air cabs, has filed for insolvency in self-administration and is now looking for investors.

The company has KPMG with the implementation of an M&A process and initial talks with potential buyers are to begin soon. Lilium is working on an electric vertical take-off aircraft for up to seven passengers and plans to fly routes of up to 2.000 kilometers in the future.

CEO Klaus Roewe will remain in office during the restructuring. -Handelsblatt

Photo: Lilium

25.10.2024

Lilium subsidiaries have to file for insolvency + Shop Apotheke and DocMorris pick up + US parcel service UPS earns more than expected + Bilfinger shares under pressure after tragedy in the USA

After the end of state support, Lilium announces Lilium $LILM announces that its most important subsidiaries will file for bankruptcy. The air cab developer's share price then plummets by more than 58 percent.....

https://www.manager-magazin.de/unternehmen/aktien-von-lilium-mit-kurseinbruch-tochtergesellschaften-muessen-insolvenz-anmelden-a-c4e2581f-d5c9-4b8f-b60e-77e4051371ec

On Thursday, market observers pointed to positive signals in a court case involving mail-order pharmacies in the landmark proceedings over price discounts on prescription drugs. The shares of Redcare Pharmacy $RDC (+1,71 %) extended their gains by up to five percent and were still up by almost four percent in the afternoon. The competitor DocMorris $DOCM (-0,65 %)which at times extended its gains in Zurich to more than ten percent. DocMorris shares thus recovered strongly from the most recent low since June 2023. Redcare shares continued their recent rally. They have gained almost 30 percent since mid-September. However, they once again encountered resistance at the EUR 150 mark. Analyst Thomas Rothäusler from Jefferies pointed out that an attorney general had issued a final opinion in proceedings in which DocMorris is taking on the North Rhine Chamber of Pharmacists. This opinion was very clearly in favor of bonuses on prescription drugs. According to Rothäusler, the final result is likely to have a significant impact on the future growth of online pharmacies. According to the expert, the final ruling of the European Court of Justice is expected in the next two to three months.

The US parcel service UPS $UPS (+0,66 %) earned a surprisingly high profit in the third quarter thanks to good business and the sale of a subsidiary. The bottom line was a profit of a good 1.5 billion US dollars (1.4 billion euros), around 37 percent more than a year earlier, as United Parcel Service (UPS) announced in Atlanta on Thursday. Even without the special effect, this was more than analysts had expected on average. For the year as a whole, however, CEO Carol Tomé is now expecting lower turnover because the sold subsidiary Coyote Logistics is no longer included in the figures. According to Tomé, the Group's turnover is only expected to reach around 91.1 billion dollars in 2024. She had previously forecast 93 billion. However, before special effects, a larger share of turnover is expected to remain as operating profit at UPS. The manager is therefore expecting an adjusted operating margin of around 9.6 percent. Previously, she had assumed 9.4 percent. In the third quarter, UPS reported a turnover of 22.2 billion dollars, 5.6 percent more than a year earlier. This was about as much as analysts had expected on average.

The collapse of a ferry dock in the USA caused the shares of Bilfinger $GBF (-0,43 %) shares on Thursday. The share price fell by 6.8 percent to 46.25 euros. If this remains the case, it would be the biggest daily loss in almost two years. In a letter of condolence, Group CEO Thomas Schulz and the head of the US subsidiary Centennial Contractors Enterprises, Geoff Preisman, expressed their deepest sympathy to the families of seven people who reportedly lost their lives in the collapse of a ferry dock on October 19. The accident occurred on the island of Sapelo off the coast of the US state of Georgia. Centennial acted as the general contractor for the construction of the dock and pier in question, the statement continued. The company worked with local subcontractors and suppliers to complete the project in November 2021. Should Centennial, as the general contractor, have to assume liability for the accident, a payment of an estimated 50 to 100 million euros is imminent, said a stock market analyst. This scenario is weighing on the Bilfinger share price.

Friday: Stock market dates, economic data, quarterly figures

ex-dividend of individual stocks

Fastenal USD 0.39

Quarterly figures / company dates USA / Asia

13:00 Colgate-Palmolive Quarterly figures

Quarterly figures / company dates Europe

06:30 Sika quarterly figures | Holcim | SGS Trading Update 3Q

07:00 Mercedes-Benz | Stratec | Signify quarterly figures | Safran sales 3Q

07:30 Sanofi quarterly figures | Remy Cointreau Q2 sales

07:45 Eni quarterly figures

08:00 Yara quarterly figures | Mercedes-Benz analyst conference

09:00 Holcim analyst and press conference

09:15 Mercedes-Benz PK

14:00 Sanofi Analyst Conference

17:30 Porsche AG quarterly figures and press conference

Economic data

01:30 JP: Consumer prices Greater Tokyo October core rate (ex food)

FORECAST: +1.7% yoy previously: +2.0% yoy

08:45 FR: Consumer Confidence October FORECAST: 95 previous: 95

10:00 DE: ifo Business Climate Index October PROGNOSE: 85.6 PREVIOUS: 85.4 Situation assessment PROGNOSE: 84.3 PREVIOUS: 84.4 Business expectations

PROGNOSE: 87.0 PREVIOUS: 86.3

10:00 EU: ECB - October consumer survey results | Publication of consumer survey results | ECB, M3 money supply and lending September M3 money supply FORECAST: +3.0% yoy previously: +2.9% yoy

14:30 US: New orders for durable goods September

PROGNOSE: -1.0% yoy previous: 0.0% yoy

16:00 US: Consumer Sentiment Index Uni Michigan (2nd survey) October

FORECAST: 69.0 1st survey: 68.9 previous: 70.1

Lilium
$LILM the Bavarian 🇩🇪 developer of air cabs, is planning to file for file for insolvencyafter efforts to obtain state support failed.

The application is to be submitted to the German courts in the coming days, with the company hoping for self-administration proceedings.

Lilium has been working on electrical vertical take-off vehiclesbut is facing considerable delays and financial bottlenecks. In the first half of the year, the company burned through 190 million euros.

A planned state guarantee for50 million euros was rejected. -Handelsblatt

Photo: Lilium.com

$LILM And another Frank Thelen star goes bankrupt.

Tadaaaa! 100 followers ... thank you!

(Must be my $LILM -comments. Or $TSLA (-4,58 %) )

No state aid for $LILM !

Once again you can see what the Greens are like. According to reports, it was mainly the Greens who rejected state aid for the start-up company. $LILM for the start-up company.

The result will be that $LILM Germany will turn its back and emigrate. It has been shown time and again that innovation has no future in Germany and that the country will continue to lose its inventive spirit.

Here's to the future!

$LILM State funding probably off the table. Does this mean the company is insolvent?

Are there short options?

https://www.bild.de/geld/wirtschaft/kein-geld-vom-bund-fuer-flugshuttle-tech-unternehmen-vor-dem-aus-6710d1e8e9471210bb6a7a47

The Bavarian air cab manufacturer Lilium
$LILM receives no funding from the federal budget 🇩🇪.

Although Bavaria 50 million euros in support, the traffic light parties rejected the co-funding. co-financing by the federal government.

The reason for this is doubts about the company's long-term liquidity.

FDP-politician Frank Schäffler considers the risk for the federal government to be too high and calls for Bavaria to bear the support alone. Minister President Markus Söder criticizes the decision as putting Bavaria at a disadvantage, as other technologies in the north would be subsidized. -FAZ

Photo: Credit: -/Lilium/dpa Copyright: (c) Lilium

This week could already be decisive for $LILM the future.