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