United Internet

DE0005089031

UTDI

UTDI

$UTDI (-0,1 %) What potential does United Internet have in the long term? Dommermuth hasn't fallen on his head. He is planning his own 5G network and many other things. What else is possible?

As every Sunday, the most important news of the last week and the dates of the coming week.

The dates of the coming week also as a video:

https://youtube.com/shorts/uNIsOOcy9J8?feature=share

Monday:

Manufacturing data from China 🇨🇳 comes in slightly better than expected, with a PMI of 49.3 instead of 49.2. However, the reading falls for the fourth month in a row. The value for services falls to the lowest this year. The Chinese economy is cooling down, but everyone is looking at the announced stimulus program.

https://www.cnbc.com/amp/2023/07/31/china-manufacturing-pmi-july-2023.html

Inflation in Europe falls further to 5.3%. This increases the probability that key interest rates in the euro zone have peaked. Experts had expected an inflation rate of 5.2%.

https://app.handelsblatt.com/finanzen/geldpolitik/verbraucherpreise-inflationsrate-im-euro-raum-sinkt-auf-5-3-prozent/29287546.html

Tuesday:

DHL Group's figures disappoint the markets. Revenue slumped by 16.4%. Quarterly earnings per share slump to 0.80 cents. The markets had expected 0.84 cents. Nevertheless, Deutsche Post raises the profit forecast for the full year a little.

https://app.handelsblatt.com/unternehmen/handel-konsumgueter/logistik-gewinn-der-dhl-group-bricht-um-ein-viertel-ein-/29289040.html

Teamviewer continues to deliver. The company is growing at a double-digit rate and is fully on track to reach the annual forecast. The return on sales is down a little to 41%, but that was expected.

https://www.n-tv.de/wirtschaft/der_boersen_tag/Teamviewer-waechst-prozentual-zweistellig-article24297300.html

Unemployment figures in Germany are rising again. This comes as less of a surprise, as the economic mood was already poor. Overall, there are 147,000 more unemployed than a year ago. The unemployment rate rose by 0.2 percentage points to 5.7%. At the same time, however, the number of employees subject to social insurance contributions rose to 34.7 million (+253,000). The increase is due solely to skilled workers from abroad. There are still 772,000 jobs advertised, but 108,000 fewer than a year ago.

https://www.handelsblatt.com/politik/konjunktur/nachrichten/arbeitsmarkt-zahl-der-arbeitslosen-steigt-auf-mehr-als-2-6-millionen/29289752.html

Wednesday:

Renewed forecast increase from $BOSS (+3,75 %) Hugo Boss. The company is currently simply delivering and remains our biggest winner in the value portfolio. In 2023, sales are already expected to rise up to EUR 4.2 billion. Originally, sales of EUR 4 billion were expected by 2025!

https://app.handelsblatt.com/unternehmen/industrie/-geschaeftszahlen-im-newsblog-hugo-boss-wird-erneut-optimistischer-fuer-das-gesamtjahr/24098412.html

Also $FRE (-1,05 %) Fresenius is also doing better than expected. Three percent more sales with a slightly smaller drop in earnings than expected. However, restructuring costs continue to be incurred.

https://app.handelsblatt.com/unternehmen/industrie/gesundheitskonzern-fresenius-kommt-im-kerngeschaeft-gut-voran-doch-die-kleinste-sparte-macht-probleme/29291552.html

Overall, however, the markets are down this morning. The reason is that the U.S. has lost its top rating. The rating agency Fitch has #usa given the new credit rating of AA+. The reason is the high debt, as well as regular dispute about the debt ceiling.

For the stock exchanges this is bad news, because the USA could possibly cut spending, which of course also affects companies. It also creates uncertainty in general.

https://amp.focus.de/finanzen/news/finanzen-fitch-entzieht-usa-top-kreditrating_id_200676789.html

Breakthrough for 1&1 and United Internet. $UTDI (-0,1 %) United Internet. A cooperation agreement is signed with Vodafone. Customers will be able to use the Vodafone network in future. Previously, there was a framework agreement with Telefonica. However, this did not include access to 5G. Since the company's own rollout stalled, a new solution was needed. Founder Dommermuth has now delivered it.

https://app.handelsblatt.com/technik/it-internet/telekommunikation-5g-deal-mit-vodafone-1und1-gelingt-befreiungsschlag/29292468.html

Thursday:

$ZAL (+1,11 %) Zalando was able to significantly increase profits in the 2nd quarter due to cost reductions. Sales declined somewhat, but adjusted EBIT was significantly above expectations.

Dow Jones

The $LHA (+2,32 %) Lufthansa achieved a record profit. Earnings in a 2nd quarter have never been so high. The Group raises its forecast. Earnings before interest, taxes and one-off income of EUR 2.6 billion are now expected. The high ticket prices are making Lufthansa's cash register ring.

https://app.handelsblatt.com/unternehmen/handel-konsumgueter/airlines-lufthansa-erzielt-bei-hoeheren-ticketpreisen-rekordgewinn/29290714.html

Also $BEI (+3,44 %) Beiersdorf also raises its forecast. The Consumer segment in particular is doing well. EBIT margin already improved to 17.3% in the 2nd quarter.

Dow Jones

Like the ECB and the Fed, the #BoE also raised interest rates further. Interest rates were also raised by a quarter percentage point. Exciting here is the vote, 6 voted for the quarter percentage point, 2 for half a percentage point and 1 vote went to a pause.

https://amp.cnn.com/cnn/2023/08/03/economy/bank-of-england-uk-interest-rate/index.html

$AMZN (+1,14 %) Amazon with strong numbers, on Prime Day alone it turned over $12.7 billion, in Q2 it was $134.4 billion. In particular, the cloud result is convincing. The net profit of USD 6.7 billion was 100% above expectations.

https://amp2.handelsblatt.com/unternehmen/handel-konsumgueter/e-commerce-amazon-mit-starken-zahlen-und-optimistischem-ausblick/29297384.html

Also $AAPL (+2,87 %) Apple exceeded expectations. Sales were USD 81.4 billion. The decline was less than expected.

https://app.handelsblatt.com/technik/it-internet/tech-konzern-apple-trotz-schwachem-iphone-absatz-mit-zahlen-ueber-erwartungen/29297404.html

Friday:

$VNA (-2,92 %) Vonovia has to write down less on real estate than in the 1st quarter. The bottom line was a loss of EUR 2 billion. Operating profit from rental increased by 10.3% year-on-year.

https://app.handelsblatt.com/finanzen/immobilien/geschaeftszahlen-vonovia-muss-immobilien-weiter-abwerten/29298170.html

German industry surprised with a high increase in orders. A further decline was actually expected, but there was a 7% increase compared with the previous month.

https://app.handelsblatt.com/politik/konjunktur/konjunktur-deutsche-industrie-ueberrascht-mit-staerkstem-auftragsplus-seit-drei-jahren/29298444.html

Main dates of the coming week:

Monday: 8:00 Industrial production (DE)

Tuesday: 5:00 Trade Balance (China)

Wednesday: 3:30 Inflation data (China)

Thursday: 14:30 Inflation data (USA)

Friday: 14:30 Producer Prices (USA)

We'll see what form that actually takes. In any case, I see potential for my shares. $UTDI (-0,1 %) shares.

What do you think? Is it a bad sign for the other providers?

EDIT: Note: I am an employee and shareholder, so not neutral.

https://www.handelsblatt.com/politik/deutschland/5g-huawei-bann-rueckt-wohl-naeher-bund-und-eu-schliessen-schadenersatz-aus/29253434.html

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗦𝗼𝗹𝗮𝗿-𝗔𝘂𝘁𝗼 / 𝗔𝗺𝗮𝘇𝗼𝗻𝘀 𝗻𝗲𝘂𝗲𝗿 𝗞𝗼𝗻𝗸𝘂𝗿𝗿𝗲𝗻𝘁 / 𝗕𝗮𝘆𝗲𝗿𝘀 𝗕𝗹𝗶𝗰𝗸 𝗮𝘂𝗳 𝗚𝗲𝘄𝗶𝗻𝗻 / 𝗞𝗿𝘆𝗽𝘁𝗼𝗺𝗮𝗿𝗸𝘁 𝗶𝗺 𝗚𝗼𝗹𝗱𝗿𝗮𝘂𝘀𝗰𝗵

𝗜𝗣𝗢𝘀 🔔

Sono Motors - The company aims to accelerate the solar-powered automotive industry. Their Sion solar-electric car already has 16 thousand pre-orders. Production of the vehicles is expected to start in the first half of 2023. So far, the company has made a loss of $108.8 million, but this is expected to change as deliveries begin.

In going public, Sono Motors plans to issue 10 million shares at a price of $14 to $16.

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

As of today, among others, American Electric Power ($AEP (-2,42 %)), American Water ($AWC (-0,3 %)), Dover Motorsports ($DVD), Diamondback Energy ($7DB (-1,44 %)), Greenbrier Companies ($G90 (+2 %)), IBM ($IBM (-1,49 %)), Matson ($68M (+3,36 %)), Matador Resources ($7MR (+0,65 %)), Olin Corporation ($OLN (+3,9 %)), PPG Industries ($PPQ (+1 %)), Rollins ($RLS (-0,69 %)), Silicon Motion ($S9M (+0,7 %)), Tempur Sealy International ($TPD (+2,94 %)), WestRock ($1WR) and West Pharmaceutical Services ($WPS (+0,27 %)) traded ex-dividend.

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today, among others, 1&1 ($DRI (+0,59 %)), About You ($YOU (+5,18 %)), Alcon ($2U3 (+1,27 %)), Associated British Foods ($ASBFY), Bakkafrost ($6BF (+1,33 %)), Bayer ($BAYN (+3,44 %)), DeNA ($D2N (+3,26 %)), Fraport ($FRA (-0,08 %)), Gilat Satellite Networks ($GSA (-0,93 %)), Kirin Holdings Company ($KNBWY), Manz AG ($M5Z (+2,18 %)), Medios AG ($ILM1 (+0,24 %)), Munich Re ($MUV2 (+1,2 %)), Nissan ($NISA (+3,28 %)), OVB Holding ($O4B (+0 %)), Porsche ($PAH3 (-0,1 %)), Schaeffler ($SHA (+1,95 %)), Schloss Wachenheim AG ($SWA (+0 %)), Swiss Life ($SLW1 (-0,26 %)), United Internet ($UTDI (-0,1 %)) and Wienerberger ($WIB (+2,99 %)) presented their figures.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

Ceconomy ($CEC (+0,82 %)) - The Group plans to expand with its Mediamarkt and Saturn brands and open 35 large stores. Group CEO Wildberger is pursuing the goal of becoming the leading omnichannel platform, combining e-commerce and bricks-and-mortar retail. In doing so, he even wants to compete with Amazon ($AMZ (+1,14 %)) to compete. During Corona, Ceconomy was already able to significantly improve logistics and thus shorten delivery times.

The stores are to become smaller and more "smart stores" with 600 to 800 square meters are to be built in the city centers, as 33% of total sales are already attributable to online retailing.

Bayer ($BAYN (+3,44 %)) - tailwinds provided Bayer with high demand for seeds and crop protection products as well as over-the-counter medicines in the past quarter. Bayer shares recently rose 2.16 percent to 51.09 euros. There will also be a change at the top of the Crop Science division. Rodrigo Santos will take over as COO from Liam Condon, who terminated his contract early. Bayer increased Group-wide sales in the third quarter by nearly 15 percent year-on-year to 9.8 billion euros. The Group posted a total profit of 85 million euros. Profits were depressed by high costs for restructuring measures.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

Crypto market in gold rush - Last night, the two leading cryptocurrencies Bitcoin ($BTC-EUR (-0,1 %)) and Ethereum ($ETH-USD (+0,1 %)) reached new all-time highs. Bitcoin was able to set the mark now at $68,642.00 with a daily increase of almost 5%. This puts its market capitalization at $1.28 trillion, which means bitcoin managed to outpace Tesla ($TL0 (+6,49 %)) behind it. Ethereum followed Bitcoin's lead and also set a new all-time high of $4,857.25. Successes like these have been evident across the market in recent weeks. For example, Ethereum competitor Cardano ($ADA-USD (+0,03 %)) gained 12% overnight, or even Litecoin ($LTC-EUR (+0,09 %)) was able to grow by 20.3% in one day. This very strong performance, which can be seen across all cryptocurrencies, led to the total market capitalization of all cryptocurrencies breaking through the 3 trillion US dollar barrier for the first time.

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