Fraport Airport Action Forum

Analsyst updates, 08.11.

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- GOLDMAN upgrades BIONTECH from Neutral to Buy and raises price target from USD 90 to USD 137. $BNTX (+3,76 %)

- BOFA raises target price for UNDER ARMOUR from USD 9 to USD 13. Neutral. $UAA (-12,43 %)

- DEUTSCHE BANK RESEARCH raises the price target for DELIVERY HERO from EUR 29 to EUR 35. Hold. $DHE

- DEUTSCHE BANK RESEARCH raises the price target for SIEMENS from EUR 197 to EUR 200. Buy. $SIE (-2,51 %)

- JEFFERIES raises the price target for HOCHTIEF from EUR 135 to EUR 138. Buy. $HOT (-1,48 %)

- DEUTSCHE BANK RESEARCH raises the price target for SIEMENS HEALTHINEERS from EUR 60 to EUR 62. Buy. $SHL (-1,29 %)

- DEUTSCHE BANK RESEARCH raises the price target for NORDEX from EUR 18 to EUR 19. Buy. $NDX1 (-0,04 %)

- DEUTSCHE BANK RESEARCH raises the price target for RATIONAL from 832 EUR to 841 EUR. Hold. $RAA (+2,46 %)

- DEUTSCHE BANK RESEARCH raises the target price for AXA from 37 EUR to 39 EUR. Buy. $CS (-1,29 %)

- WARBURG RESEARCH raises the price target for BASTEI LÜBBE from EUR 11.70 to EUR 12.20. Buy. $BST (-0,52 %)

- DEUTSCHE BANK RESEARCH raises the price target for ARCELORMITTAL from EUR 28 to EUR 29. Buy. $MT (-1,08 %)

- DZ BANK raises the price target for SWISS RE from CHF 130 to CHF 140. Buy. $SREN (-0,8 %)

- ODDO BHF raises the price target for HEIDELBERG MATERIALS from EUR 99 to EUR 110. Neutral. $HEI (+1,13 %)

- KEPLER CHEUVREUX raises the price target for DAIMLER TRUCK from EUR 35 to EUR 41. Hold. $DTG (-4,27 %)

- KEPLER CHEUVREUX upgrades REDCARE PHARMACY from Reduce to Hold. $RDC (+9,53 %)

- ODDO BHF raises the price target for HENKEL from EUR 67 to EUR 73. Neutral. $HEN (+0,21 %)

- ODDO BHF raises the price target for FREENET from EUR 27 to EUR 28. Neutral. $FNTN (+4,72 %)

- BARCLAYS raises the target price for ABOUT YOU from EUR 3.10 to EUR 3.40. Underweight. $YOU (-6,6 %)

- BARCLAYS raises the target price for NEMETSCHEK from EUR 108 to EUR 125. Overweight. $NEM (-0,52 %)

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- BOFA lowers the price target for PINTEREST from USD 45 to USD 39. Buy. $PINS

- WARBURG RESEARCH lowers the price target for DAIMLER TRUCK from EUR 56 to EUR 55. Buy. $DTG (-4,27 %)

- UBS lowers the price target for JCDECAUX from EUR 21.60 to EUR 18.50. Neutral. $DEC (-12,18 %)

- WARBURG RESEARCH lowers the price target for ADTRAN HOLDING from EUR 9.70 to EUR 9.30. Buy. $ADTN (+7,68 %)

- ODDO BHF lowers the price target for NORDEX from EUR 18 to EUR 17. Outperform. $NDX1 (-0,04 %)

- BARCLAYS lowers the target price for VESTAS from DKK 99 to DKK 80. Underweight. $VWS (-2,71 %)

- KEPLER CHEUVREUX lowers the price target for FRAPORT from EUR 62 to EUR 59. Buy. $FRA (+2,15 %)

- BARCLAYS lowers the target price for GSK from GBP 15.50 to GBP 14.50. Equal-Weight. $GSK

- BERENBERG lowers the price target for COMPUGROUP from EUR 23 to EUR 21. Buy. $COP (-0,13 %)

- BERENBERG lowers the price target for JUNGHEINRICH from EUR 41 to EUR 39. Buy. $JUN3 (-0,16 %)

- JEFFERIES lowers the target price for SUSS MICROTEC from EUR 87 to EUR 75. Buy. $SMHN (+1,16 %)

Fraport Q3 2024 $FRA (+2,15 %)

Financial performance

The Fraport Group recorded impressive revenue growth of 12.2% last year, generating total revenue of €4.992.1 million. However, net debt increased by €333.8 million to €8,046.4 million. The operating result (EBIT) increased to €664.9 million, compared to €601.0 million in the previous year. Interest income increased to €105.1 million, while interest expenses rose to €267.4 million.

Cash flow overview

Cash flow from operating activities increased by 22.5% to €896.3 million. At € -318.1 million, free cash flow remained at the previous year's level.

Key figures and profitability ratios

Earnings per share (EPS) improved to €4.11, compared to €3.42 in the previous year. The equity ratio rose slightly from 22.9% to 23.6%.

Segment information

• In the segment Aviation segment, revenue increased by €108.6 million to €929.9 million.
• The segment Retail & Real Estate segment recorded sales growth of €26.2 million and generated a total of €391.9 million.
• In the segment Ground Handling segment, revenue grew by €57.0 million to €559.1 million.

Competitive position

Fraport benefited from the positive passenger development at the Frankfurt site, which recorded growth to 46.7 million passengers (+4.9 %). International sites such as Lima (+17.2 %) and Fraport Greece (+5.9 %) also contributed to growth.

Forecasts and management comments

The Executive Board confirms the annual forecasts for 2024 and expects an improvement in EBITDA and EBIT compared to 2023.

Risks and opportunities

A temporary closure of Porto Alegre Airport due to flooding poses a challenge, with operations expected to be fully restored by December 2024. In addition, Fraport has awarded a new license to Swissport International for ground services in Frankfurt.

Executive summary

The Fraport Group showed a solid financial performance with strong revenue and EBITDA growth. The balance sheet reflects both an increase in assets and equity, but also an increase in net debt. The positive passenger development at key international locations remains a key growth factor, despite challenges such as the temporary closure of Porto Alegre Airport.

Positive aspects

• Sales growth of 12.2% compared to the previous year
• 9.5% increase in Group EBITDA
• Positive passenger development at central locations
• Improved earnings per share
• Successful follow-up financing for the expansion of Antalya Airport

Negative aspects

• Increase in net debt
• Negative free cash flow
• Temporary closure of Porto Alegre Airport affects operations
• Higher operating costs due to increased concession fees
• The Ground Handling segment remains in the negative EBITDA range

Earnings summary this morning (05.11.) 👇🏼

Krones | $KRN (+0,5 %) increases both sales and operating profit in the third quarter, with EBITDA growing by almost 22% to almost 135 million euros. The company confirms its forecast and benefits from improved material availability.

Uniper | $UN01 generates a profit of just under EUR 1.3 billion in the first nine months of 2024, but significantly less than in the previous year. The energy group confirms its outlook for the year with an expected net profit of EUR 1.1 to 1.5 billion.

Hugo Boss | $BOSS (-3,01 %) recorded a slight increase in sales of 1% to 1.03 billion euros in the third quarter despite a slump in consumption in China, but EBIT fell by 7% to 95 million euros. The Group confirms its annual targets despite higher sales and marketing costs.

Fraport | $FRA (+2,15 %) is lowering its expectations for passenger numbers in 2024 to the lower end of the range of 61 million passengers and is targeting EBITDA in the middle of the previous forecast of 1.26 to 1.36 billion euros. In the summer quarter, revenue rose by 11%, while operating profit only increased by 1%.

Fresenius Medical Care | $FRE (-0,26 %) increases operating profit in the third quarter by 43 % to 463 million euros, which is attributable to successful cost savings. The company raises its forecast for adjusted operating profit, but expects a slight decline in sales.

Redcare Pharmacy | $RDC (+9,53 %) reports a decline in adjusted EBITDA to 11.4 million euros in the third quarter and increases the loss for the first nine months to 20.1 million euros. The company confirms adjusted annual targets and expects a lower operating profit due to higher advertising expenditure for the e-prescription.

DHL | $DHL (+0,1 %) reports a decline in profit of almost 7% to 751 million euros for the third quarter and lowers its forecast for operating profit in 2024 and 2026. Revenue increases by 6% to 20.6 billion euros, while EBIT remains stable at 1.4 billion euros.

Norma Group | $NOEJ (-2,65 %) is revising its annual targets downwards and now expects sales of around EUR 1.2 billion and an adjusted EBIT margin of around 8.0 percent due to a challenging market environment. In the third quarter, the company recorded a decline in sales of 7.9% to 273.6 million euros and a drop in profit to 6.1 million euros.

Nintendo | $7974 (-0,11 %)
Q2 24 Earnings:

- Net Income 27.70B Yen (est 49.4B Yen)

- Sees FY Oper Income 360.00B Yen, Saw 400.00B Yen

- Sees FY Total Switch Sales 12.50M Units, Saw 13.50M

Adecco | $ADEN (-2,78 %) 24 Earnings:

- Net Income EU99.0M (est EU86.8M)

- Rev EU5.70B (est EU5.84B)

- Adj EBITA EU186.0M (est EU195M)

- Plans To Repay EU430M Debt Maturing In Dec 24

As every Sunday, the most important news from the past week, as well as the dates for the coming week.

Also as a video:

https://youtube.com/shorts/oVP-1JUmKxg?si=rCpJC26z5ARnLel1

Sunday:

Further deflationary pressure in China 🇨🇳. Inflation is at 0.4%. Producer prices are even falling.

https://www.handelsblatt.com/politik/konjunktur/china-deflationsdruck-nimmt-im-september-zu-verbraucherinflation-kuehlt-ab/100078670.html

Monday:

$FRA (+2,15 %) Fraport will probably take over Kalamata Airport, as the operator of Frankfurt Airport is the only bidder. Fraport is paying 1.24 billion euros for the 40-year concession.

https://www.handelsblatt.com/unternehmen/dienstleister/griechenland-fraport-gibt-einziges-gebot-fuer-den-flughafen-kalamata-ab/100078535.html

Tuesday:

Good news from the ZEW economic survey, which is forecasting an upturn. In October, the barometer rose by 9.5 points to 13.1 points after 3 consecutive declines.

https://www.faz.net/aktuell/wirtschaft/mehr-wirtschaft/deutschlands-konjunktur-zew-prognostiziert-ersten-anstieg-110047697.html

$GS (+2,22 %) Goldman Sachs was able to increase its profit significantly by 45%. Above all, it was able to achieve significantly higher profits in equity trading. Also $BAC (+1,3 %) Bank of America and $C (+1,33 %) Citigroup also benefited from a better trading business. The new interest rate environment is making itself felt here.

https://www.handelsblatt.com/finanzen/banken-versicherungen/banken/us-banken-goldman-sachs-steigert-gewinn-um-45-prozent/100079278.html

Thursday:

The ECB cuts the key interest rate again. Once again, the key interest rate is lowered by 25 basis points. The deposit rate is now 3.25%. This makes loans even cheaper. The inflation rate was also revised downwards again today to 1.7%.

https://www.wiwo.de/politik/konjunktur/ezb-entscheid-ezb-senkt-erneut-den-leitzins/30043474.html

Friday:

In August 2024, the EU again achieved a current account surplus. At 31 billion euros, this was slightly less than the 41 billion euros in the previous month. The forecast was around 42.5 billion euros.

https://www.ecb.europa.eu/press/stats/bop/2024/html/ecb.bp241018~016a3487ba.en.html

Most important dates in the coming week:

Wednesday: 15:45 Interest rate decision (Canada)

Thursday: 9:30 Purchasing Managers' Index (DE)

Friday: 10:00 ifo Business Climate (DE)

What other important dates can you think of?

#zinssatzentscheidung
#kanada
#ifo
#sandp

06.08.2024 + Worse averted, Nikkei 225 recovers strongly + Fraport expects fewer passengers as problems at Boeing and Airbus put the brakes on + Zalando posts jump in profits + Rational grows more strongly than expected

After the recent sell-off in the DAX showed signs of stabilizing on Tuesday. Broker IG valued the leading German index 0.78% higher at 17,475 points a good two hours before the Xetra start.

Very weak global stock markets in the face of recession worries in the USA had not spared the

the Dax on Monday, but the round mark of 17,000 points had held.

held. The index could now recapture the 200-day line, which is a key indicator of the longer-term trend.

the index could now recapture it, which currently stands at 17,412 points.

In Japan, the leading index Nikkei-225 was on course for recovery on Tuesday. It gained nine percent around an hour before the end of trading there. There were also signs of improvement in the USA on Tuesday after a very weak start to the week.

The online retailer Zalando
$ZAL (+1,5 %) continues to benefit from its efficiency measures. Thanks to good inventory management and lower logistics costs, earnings before interest and taxes (EBIT) adjusted for special effects climbed by almost a fifth to 171.6 million euros in the second quarter, as the DAX-listed company announced in Berlin on Tuesday. At the bottom line, profit jumped by almost 70 percent to 95.7 million euros compared to the same period last year. The company confirmed its annual targets. Zalando emphasized that demand had increased strongly, especially in the sports, designer and beauty sectors. The gross merchandise value for the three months to the end of June rose by 2.8 percent to 3.8 billion euros. Sales increased by 3.4 percent to around 2.6 billion euros.

The commercial kitchen equipment supplier Rational
$RAA (+2,46 %) benefited from high demand in Asia in the first half of the year. Compared to the previous year, sales increased by four percent to 581 million euros, as the MDax-listed company announced in Landsberg on Tuesday. Sales in the second quarter increased by six percent to a record figure of just under 295 million euros. Earnings before interest and taxes (EBIT) increased by ten percent to 149 million euros in the first half of the year. Rational slightly exceeded the expectations of experts surveyed by Bloomberg in terms of both sales revenue and profit. The forecast for the current year was also confirmed.

The Frankfurt airport operator Fraport
$FRA (+2,15 %) is feeling the effects of the problems at Boeing. Due to delivery bottlenecks for aircraft for its main customer Lufthansa, fewer passengers will be handled in Frankfurt this year than previously hoped for, as Fraport announced in Frankfurt on Tuesday. The Executive Board now expects only the lower half of the previously announced range of 61 to 65 million passengers at Germany's largest airport. Another reason is further maintenance intervals for the Airbus 320 . Meanwhile, Fraport performed better than analysts had expected in the second quarter. In the three months to the end of June, revenue rose by almost 11 percent to around 1.15 billion euros. Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to just under 355 million euros. Fraport reported a Group result of around 148 million euros and the bottom line profit amounted to 134 million euros. A year earlier, this had amounted to 102 million euros. The management headed by Stefan Schulte confirmed the forecasts for the operating profit. The US aircraft manufacturer Boeing is no longer allowed to ramp up production of its medium-haul jets due to quality defects. And hundreds of Airbus planes will have to stay on the ground longer because engine manufacturer Pratt & Whitney has ordered their turbines back to the workshops ahead of schedule.

Economic data

• 08:00 DE: New orders June seasonally adjusted FORECAST: +0.5% yoy previous: -1.6% yoy
• 11:00 EU: Retail Sales June Eurozone PROGNOSE: +0.2% yoy previous: +0.1% yoy
• 14:30 US: Trade Balance June FORECAST: -72.50 bn USD previously: -75.07 bn USD

Quarterly figures / company dates USA / Asia

12:30 Caterpillar quarterly figures

13:00 Uber quarterly figures

22:01 Amgen quarterly figures

22:05 Airbnb quarterly figures

Untimed: The Mosaic quarterly figures

Quarterly figures / Company dates Europe

07:00 Carl Zeiss Meditec | Fraport | Rational Quarterly figures

07:00 Zalando | Adecco Quarterly figures

07:30 Bayer | Manz half-year figures

08:00 Schaeffler | Banca Monte dei Paschi Quarterly figures

08:00 Cherry | New Work quarterly figures

09:30 Zalando Analyst Conference

14:00 Bayer | Fraport Analyst Conference

15:00 Rational Analyst Conference

$FRA (+2,15 %) and development is going according to plan.

Share analysis/share presentation ⬇️

Today we are talking about the company Fraport: $FRA (+2,15 %)

What is Fraport and what does it do?

Fraport is a German company that operates Frankfurt Airport. Frankfurt Airport is one of the busiest airports in Europe and a major hub for international flights. Fraport is responsible for the operation, security and infrastructure of Frankfurt Airport. It offers a variety of services for passengers, airlines and cargo companies.

Market capitalization:

Fraport currently has a market capitalization of around 5 billion euros.

Strengths of the share:

Some of Fraport's strengths:

- Experience in operating one of Europe's busiest airports, Frankfurt Airport

- International presence through the Frankfurt Airport hub

- Diversification of services offered to passengers, airlines and cargo companies

- Ability to innovate in the further development of infrastructure and services

- Customer-centric focus on meeting the needs of passengers and partners

Weaknesses of the share:

Here are some of Fraport's weaknesses:

- Dependence on external economic factors such as travel behavior and the economy

- Challenges in the area of environmental compatibility and sustainability, particularly in relation to CO2 emissions and noise pollution

- Competition from other airports in the region and worldwide competing for passengers and airlines

- Regulatory requirements and political decisions that can influence operations

- Fluctuations in the aviation market and unforeseeable events such as natural disasters or political unrest

A little more about the business model:

Fraport's business model is based on the operation and management of Frankfurt Airport, one of the busiest airports in Europe. Fraport offers a wide range of services for passengers, airlines and cargo companies. The focus is on smooth airport operations that ensure safety and efficiency. Fraport generates revenue from various sources, including airport charges, retail operations, parking fees and property management

As an integrated company, Fraport works continuously to develop its infrastructure and services to meet the changing demands of the aviation market. Through innovation and investment, Fraport strives to strengthen its competitiveness while improving customer satisfaction.

Fraport also pursues sustainability and environmental initiatives to reduce its carbon footprint and promote environmentally friendly practices. The company strives to create a balance between economic success, social responsibility and environmental protection.

Through its many years of experience, international presence and customer-oriented strategy, Fraport is positioning itself as a key player in the aviation sector. With a clear focus on efficiency, quality and sustainability, Fraport strives to further expand its position as a leading company in airport management.

A little more about the industry:

Fraport's industry is the air traffic and airport management industry. As the operator of Frankfurt Airport, Fraport operates in a dynamic and highly competitive environment. The industry encompasses various aspects such as passenger and cargo traffic, airport operations, security, retail and real estate development. Airports face challenges such as regulatory requirements, sustainability efforts and technological innovations. Fraport positions itself as a major player in this industry through its experience, global presence and customer focus, striving to provide efficient and sustainable solutions for the future of air transportation.

When and where was Fraport founded?

Fraport was founded in Frankfurt am Main in 1924 and is today a major player in airport management. Fraport AG was formed from the merger of Frankfurter Flughafengesellschaft and Flughafen Frankfurt Main AG. Fraport's history goes back to the beginnings of air traffic at Frankfurt Airport, and the company has developed into an internationally renowned airport operator since its foundation.

Fraport's goal:

As a leading airport operator, Fraport aims to offer efficient and sustainable solutions for the future of air traffic. The company strives to improve the passenger experience, implement innovative technologies, ensure safety and security, and promote environmentally friendly practices. By investing in renewable energies and environmental protection measures in airport operations, Fraport wants to actively contribute to the energy transition and act as a pioneer in the industry.

Your opinion:

I would now like to hear your opinion on this share in the comments.

I personally find the company very interesting and will continue to monitor it. It was an unknown company to me until recently, but that's exactly why I wanted to introduce you to the share.

What do you think of Fraport and were you already familiar with this company?

Do you perhaps already have the share in your portfolio?

Please let me know in the comments.

Of course, this is not investment advice but just my own opinion, which I would like to share with you.

Economy on 14.03.2024...

Dax celebrates figures from E.ON and Co. Bitcoin over $73,000 ⤵️

$BTC (+0,64 %)
Bitcoin over 73,000$. Who would have thought it? You always notice how sentiment towards stocks is when they are in the basement. Now you're constantly being asked whether it's still worth getting in. You can see how emotional most people are on the stock market. When it's low, everything always sucks, even though it's sometimes worth buying, and when it's rising, it's the best there is. Why not get in when the price is right? You don't just have to understand this in relation to BTC, but in general.

But why is there only ever talk of BTC? What about $ETH (+0,15 %)
Ethereum. It too has more than doubled in value in recent months. It's important to remember that BTC now has approved spot ETFs and ETH is only just being discussed. I could therefore very well imagine that ETH will outperform BTC at some point in the ongoing bull market (only if the spot ETF really comes, of course). Crypto has now taken up over 50% of my portfolio. However, profits will be left to run until the targets are reached and then the reallocation will take place. It remains very exciting to see what dimensions will be reached here. However, I also think that this will be the last strong bull market in the sector now that the large institutions will dominate it.

Yesterday there were again some figures from Germany and Europe. Let's just take a look at a few of them. The market certainly celebrated them!

$EOAN (-1,03 %)
E.ON achieves sales of €93.68 billion in 2023 (previous year: €115.66 billion), adjusted EBITDA of €9.37 billion (previous year: €8.05 billion, preliminary: €9.4 billion), adjusted EBIT of €6.38 billion (previous year: €5.19 billion), adjusted net profit of €3.06 billion (previous year: €2.7 billion, preliminary: €3.1 billion). For 2023, E.ON is proposing a dividend of €0.53 per share (previous year: €0.51 per share, analyst forecast: €0.53 per share). In its outlook for 2024, E.ON expects EBITDA (adjusted) of €8.8 to €9 billion (forecast: €8.6 billion), an adjusted net profit of €2.8 to €3.0 billion (forecast: €2.7 billion) and investments of €7.2 billion (forecast: €6.5 billion). In the years from 2024 to 2028, E.ON plans to invest €42 billion (forecast: €34.5 billion). For 2028, the Group is forecasting EBITDA (adjusted) of over €11 billion (forecast: €9.8 billion).

$ADS (-1,81 %)
adidas generates 2023 final sales of €21.4 billion (PY: €22.5 billion, preliminary: €21.4 billion), a final operating profit of €268 million (PY: €669 million, preliminary: €268 million) and a net result from continuing operations of -€58 million (PY: €254 million). Adidas proposes an unchanged dividend for 2023 unchanged dividend of €0.70 per share for 2023 (forecast: €0.52). Outlook confirmed, for 2024 further operating profit of around €500m and sales growth (ex FX) in the mid 1-digit percentage range expected.

$ZAL (+1,5 %)
Zalando will achieve a GMV of €14.6 billion in 2023 (previous year: €14.8 billion, forecast: €14.7 billion), sales of €10.1 billion (previous year: €10.34 billion, analyst forecast: €10.2 billion), EBIT (adjusted) of €349.9 million (previous year: €184.6 million, forecast: €280.2 million) and net profit of €83 million (previous year: €16.8 million, forecast: €98.55 million). The company's outlook for the period up to 2028 sees average sales growth of 5% to 10% and and GMV growth of +5% to +10% per year on average. For 2024, Zalando expects GMV growth of 0% to 5% (forecast: €15.3 billion), sales growth of 0% to 5% (forecast: €10.5 billion) and EBIT (adjusted) of €380 to €450 million (forecast: €381.2 million). In 2028, Zalando expects an EBIT margin (adjusted) of 6% to 8%.

$KCO (-2,66 %)
Klöckner achieves sales of €7.0 billion in 2023 (previous year: €8.3 billion, analyst forecast: €7.65 billion), EBITDA (adjusted) of €190 million (previous year: €355 million, company forecast: €170 to €200 million) and a net result of -€190 million. The dividend per share of €0.20 (previous year: €0.40, analyst forecast: €0.15) amounts to. In the outlook for the first quarter, the company expects an increase in adjusted EBITDA of €30 to €70 million compared to the previous quarter. In the outlook for 2024, Klöckner expects a "significant increase" in adjusted EBITDA compared to the previous year.

$FRA (+2,15 %)
Fraport 3.9 million passengers in Frankfurt in February, +12.9% compared to the previous year; -15% compared to February 2019. Cargo Frankfurt at 153,473 metric tons, +4.7% compared to the previous year.

$VOW (-2,5 %)
Volkswagen-Group achieves sales of €322.3 billion in 2023 (previous year: +15.5%), operating profit of €22.6 billion (previous year: +2%) and profit after tax of €17.9 billion (previous year: +13%, €15.8 billion). The dividend for 2023 is expected to amount to €9.06 per preference share.

$MOR
Morphosys generated sales of €238.3 million in 2023 (previous year: €278.3 million) and posted a loss of €189.7 million (previous year: -€151.1 million). Operating result of EUR -252.5 million in 2023 after EUR -220.7 million in the previous year Takeover by $NOVN Novartis expected to continue in the first half of 2024. The process is progressing steadily. Monjuvi sales at 85.0 million euros (previous year 84.9 million).

Economic data for today:

10:30

• DE: ECB Director Elderson, speech at the European Banking Federation Executive Committee meeting

12:00

• EU: ECB Director Schnabel, speech at ECB Money Market Contact Group meeting

13:30

• US: Retail Sales February FORECAST: +0.8% yoy previous: -0.8% yoy Retail Sales ex Motor Vehicles FORECAST: +0.4% yoy previous: -0.6% yoy
• US: Initial jobless claims (week) FORECAST: 218,000 previous: 217,000
• US: Producer Prices February PROGNOSE: +0.3% yoy previous: +0.3% yoy Core rate (excluding food and energy) PROGNOSE: +0.2% yoy previous: +0.5% yoy

15:00

• US: Inventories January FORECAST: +0.2% yoy previous: +0.4% yoy

Quarterly figures / company dates USA / Asia

08:30 Foxconn quarterly figures

21:05 Adobe quarterly figures

Quarterly figures / company dates Europe

07:00 K+S | Lanxess | RWE | Vitesco | Hamborner Reit

07:00 Meyer Burger | Swiss Life Annual results

07:10 Elmos Semiconductor detailed annual results

07:30 Rheinmetall | Hapag-Lloyd annual results

07:30 SAF-Holland

08:00 DFV Deutsche Familienversicherung

08:00 RTL Group

08:00 Verbund AG | Deliveroo

09:00 RTL Group PK

09:30 Lanxess BI-PK

10:00 RWE BI-PK

10:30 K+S BI-PK

13:00 Morphosys telephone press conference

13:00 RWE Analyst Conference

13:30 K+S Analyst Conference

Without time information:

Deutsche Bank | DWS Group | Munich Re | Teamviewer | Bilfinger Annual Report | Schott Pharma AGM

#zinsen
#zinssenkungen
#zinssteigerungen
#ezb
#fed
#bitcoin
#kryptos
#cryptos
#aktien
#news
#wochenrückblick
#tipps
#shares
#shareholder
#quartalszahlen
#ethereum
#finanzen
#tipps
#autodesk
#dell
#etf
#etfs
#sparplan
#cash
#geld
#eon
#fraport
#volkswagen
#morphosys
#zalando
#adobe
#rwe
#munichre

$FRA (+2,15 %)
$TUI1
$BKNG (+1,31 %)

Before the numbers at Fraport and TUI pure ?

What do you think ?

Booking has set yesterday evening an advantage.

The construction of the 3rd terminal at the airport in Frankfurt ✈️

I love to travel and more often I fly from the airport in Frankfurt. There, the 3rd terminal is currently being expanded. Again and again the airport operator Fraport had to fight with criticism. The new Terminal 3 is intended to strengthen the growth of German air traffic in the coming decades. When completed, it could handle up to 25 million passengers. Construction of the new terminal was not halted during the pandemic and costs remain on target despite rising construction prices. Fraport is also planning to refurbish the existing Terminal 2. Despite some criticism from shareholder representatives, the virtual AGM took place and the proposed measures were approved by a large majority.

Are you invested in companies like $FRA (+2,15 %) invested?

I am unsure to be honest, on the one hand travel will continue to play a significant role and demand for air travel is expected to continue.

However, on the other hand, there are factors, such as rising costs of fuel like gasoline, that are negatively impacting the profitability of the airline industry. In addition, the aviation industry is under pressure to reduce its environmental impact and find more sustainable solutions. The increasing environmental awareness of people could lead to a rethinking of travel behavior and preference for alternative modes of transport.

What do you think?

#fraport
#airport