30042025

Trump signs decree to mitigate tariffs for carmakers + DHL slightly increases operating profit + Mercedes-Benz posts another profit slump at the start of the year + Hims & Hers enters into partnership with Novo Nordisk + Spotify disappoints with outlook for the second quarter + PayPal disappoints with revenue

Trump signs decree to mitigate tariffs for carmakers

US President Donald Trump has signed a decree to mitigate tariffs for car manufacturers.
An order signed by Trump on Tuesday stipulates that car manufacturers will not be subject to multiple "overlapping" tariffs.
Companies that pay tariffs of 25 percent on foreign-built cars should not also have to pay a 25 percent tariff on steel or aluminum, according to a representative of the Department of Commerce.

DHL $DHL (+2,14 %)increases operating profit slightly

DHL performed surprisingly well in the first quarter with moderate revenue and profit growth.
However, Group CEO Tobias Meyer referred on Wednesday to the economic environment, which was characterized by general restraint as well as US customs and trade policy.
The management confirmed its forecast for the year, although possible effects from changes in US customs and trade policy are not included in the targets.
Revenue rose by 2.8 percent to a good 20.8 billion euros in the first quarter, DHL announced in Bonn on Wednesday.
Of this, almost 1.4 billion euros remained before interest and taxes (EBIT), which is 4.5 percent more than a year ago.
The free cash inflow increased by more than 17 percent to 732 million euros, which was also higher than estimated on the market.
The same applies to the profit attributable to shareholders, which rose by a good 6 percent to 786 million euros.
Annual targets confirmed without customs consequences

Mercedes-Benz $MBG (-2,59 %)another profit slump at the beginning of the year

The car manufacturer Mercedes-Benz continued to struggle at the beginning of the year due to weak business in China.
In the first quarter, the DAX-listed company's profits plummeted by almost 43 percent to 1.73 billion euros, as the Stuttgart-based company announced on Wednesday.
Turnover fell by a good 7 percent to 33.2 billion euros because, as already known, sales had shrunk worldwide. In day-to-day business, i.e. before interest and taxes, the result slipped by almost 41 percent to 2.29 billion euros due to the difficult situation.
In the important passenger car division, the adjusted operating profit margin, which is highly regarded by investors, shrank by 1.7 percentage points to 7.3 percent.
This was a smaller decline than analysts had feared.

Hims & Hers $HIMS (-4,37 %)enters into partnership with Novo Nordisk $NOVO B (+2,49 %)enters into

Danish drugmaker Novo Nordisk has partnered with Hims & Hers Health HIMS to sell its popular weight-loss drug through a bundled offering on the telemedicine company's platform, the two companies announced on Tuesday.
Customers will get access to offerings of all dosage strengths of Wegovy and a membership starting at $599 per month, Hims said.
The offer will be available on the Hims & Hers platform starting this week, it added.
The companies are working on a longer-term roadmap of bundled offerings that will have a unique consumer rating and pricing that we hope to unveil in the coming quarters, Hims CEO Andrew Dudum said.
Earlier this month, Hims announced that it plans to sell Eli Lilly LLY's Zepbound through its platform.
While Novo's Wegovy and Lilly's competing drug, Zepbound, were in short supply, several telehealth companies were allowed to sell cheaper copies of the treatments.
The brand-name drugs have since been removed from the U.S. Food and Drug Administration's shortage list, which could limit mass production.
Dudum added that the company will continue to offer personalized compound versions of semaglutide on its platform.
Semaglutide is the active ingredient in Novo's Wegovy.

Spotify $SPOT (+6,68 %)disappoints with second quarter outlook

After a strong start to the year, music streamer Spotify is expecting less momentum in the second quarter.
In the short term, some disruptive noise is to be expected, said company boss Daniel Ek on Tuesday, according to a statement on the presentation of quarterly figures.
The number of monthly active users, an important indicator for advertisers, for example, is likely to grow less strongly in the current quarter than recently.
The forecast disappointed analysts' expectations.
Spotify shares came under pressure in pre-market trading and lost six percent.
However, Ek remains confident in the long term.
Spotify's freemium model gives customers a lot of flexibility in uncertain times.
Users can choose between a free, ad-financed offering or paid premium services.
In the first quarter, the number of premium subscribers rose surprisingly sharply by twelve percent to 268 million.
Monthly active users increased by ten percent to 678 million.
Spotify expects a further increase to 689 million in the second quarter - although analysts had more on the cards here.
Sales rose by 15 percent to 4.2 billion euros at the start of the year.
Thanks to lower expenditure on personnel and marketing, the operating result soared from 168 million euros in the same quarter of the previous year to 509 million euros.
Here too, however, experts had expected more from the music streamer in advance.

PayPal $PYPL (-0,07 %)disappointed in sales but EPS up

Earned more in the first quarter of 2025.
Earnings rose from USD 0.830 per share to USD 1.29 per share, meaning that the company performed better than the market had expected.
Analysts had previously estimated EPS of USD 1.16 per share.
On the sales side, things went better than a year ago: revenues rose from 7.699 billion US dollars to 7.791 billion US dollars.
However, this disappointed analysts' expectations, which had previously stood at 7.85 billion US dollars.

Wednesday: Stock market dates, economic data, quarterly figures

Stock exchange trading in Sweden shortened

ex-dividend of individual stocks
Hochtief EUR 5.23
Morgan Stanley 0.93 US

Quarterly figures / company dates USA / Asia
02:00 Samsung Electronics quarterly figures
12:30 Caterpillar | GE Healthcare Quarterly figures
22:00 Meta | Qualcomm | Align Technology quarterly figures
22:05 Microsoft | Ebay | Allstate quarterly figures

Quarterly figures / Company dates Europe
06:45 Societe Genera | Equinor | UBS | Banco Santander quarterly figures
07:00 OMV | DHL | Fuchs | Kion | Mercedes-Benz | Nemetschek
07:00 Wacker Chemie | Arcelormittal | AMS-Osram | DSM-Firmenich
07:00 Siltronic | Credit Agricole quarterly figures
07:30 Erste Group Bank | Aixtron | Compugroup Medical | Volkswagen | Adyen
07:30 Baader Bank | Befesa | Deutz | Drägerwerk | Fielmann quarterly figures
08:00 LPKF Laser | Repsol | Air France-KLM | Barclays | GSK quarterly figures
08:00 Stellantis 1Q revenue and sales figures | Mercedes-Benz analyst conference
08:30 DHL PK
09:00 Iberdrola | Aston Martin quarterly figures
09:15 Mercedes-Benz PK
10:00 Sto SE Annual Results | Gea Group | Knorr-Bremse | Munich Re | RWE AGM
10:00 Fuchs PK | DHL Group Analyst Conference
11:00 Atoss Software AGM
11:30 OMV Analyst Conference
12:00 Fuchs Analyst Conference
15:00 Kion Analyst Conference
17:45 Airbus quarterly figures + PK

Economic data

03:30 CN: Purchasing Managers' Index/PMI manufacturing (CFLP/National Bureau of Statistics) April FORECAST: 49.8 previous: 50.5 | Purchasing Managers' Index/PMI non-manufacturing (CFLP/National Bureau of Statistics) April FORECAST: n.a. previous: 50.8

03:45 CN: Purchasing Managers' Index/PMI manufacturing Caixin/S&P FORECAST: n/a previously: 51.2

07:30 FR: GDP (1st release) 1Q | Private Consumption March

08:00 DE: Retail Sales March seasonally adjusted real FORECAST: -0.2% yoy previous: +0.3% yoy | Employment March | Import/Export Prices March Import Prices FORECAST: -0.8% yoy/+2.4% yoy previous: +0.3% yoy/+3.6% yoy

08:45 FR: Consumer prices (preliminary) April PROGNOSE: +0.4% yoy/+0.7% yoy previous: +0.2% yoy/+0.8% yoy HICP PROGNOSE: +0.4% yoy/+0.7% yoy previous: +0.2% yoy/+0.9% yoy

09:55 DE: Labor market data April seasonally adjusted unemployment rate FORECAST: +20,000 yoy previous: +26,000 yoy Unemployment rate seasonally adjusted FORECAST: 6.3% previous: 6.3%

10:00 DE: GDP (1st release) 1Q calendar and seasonally adjusted yoy FORECAST: +0.2% yoy Q4: -0.2% yoy Q4 calendar-adjusted yoy FORECAST: -0.2% yoy Q4: -0.2% yoy

10:00 IT: GDP (1st release) 1Q FORECAST: +0.2% yoy qoq/+0.4% yoy 4th quarter: +0.1% yoy qoq/+0.6% yoy

11:00 EU: GDP (1st release) 1Q Eurozone FORECAST: +0.2% yoy/+1.0% yoy 4th quarter: +0.2% yoy/+1.2% yoy

11:00 IT: Consumer prices (preliminary) April FORECAST: n/a /+2.0% yoy previous: +0.3% yoy/+1.9% yoy

14:00 DE: Consumer prices (preliminary) April PROGNOSE: +0.3% yoy/+2.0% yoy previous: +0.3% yoy/+2.2% yoy HICP PROGNOSE: +0.5% yoy/+2.1% yoy previous: +0.4% yoy/+2.3% yoy

14:15 US: ADP Labor Market Report April Private Sector Employment PROGNOSIS: +120,000 jobs previously: +155,000 jobs

14:30 US: Labor Cost Index 1Q PROGNOSE: +0.9% yoy 4th quarter: +0.9% yoy

14:30 US: GDP (1st release) 1Q annualized PROGNOSE: +0.4% yoy Q4: +2.4% yoy GDP deflator PROGNOSE: +3.0% yoy Q4: +2.3% yoy

15:45 US: Chicago Purchasing Managers Index April FORECAST: 45.5 previous: 47.6

16:00 US: Personal Spending and Income March Spending / Income FORECAST: +0.5% yoy/+0.4% yoy previous: +0.4% yoy/+0.8% yoy

30.04.2025