Krones

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- DEUTSCHE BANK RESEARCH raises its price target for BMW from EUR 90 to EUR 95. Buy. $DBK (-1,71%)

- BERNSTEIN raises the price target for QUALCOMM from USD 200 to USD 215. Outperform. $QCOM (+2,48%)

- UBS raises the price target for LYFT from USD 13 to USD 18. Neutral. $LYFT (-0,92%)

- BARCLAYS raises the price target for SIEMENS HEALTH from EUR 60.50 to EUR 62.50. Overweight. $SHL (-1,01%)

- WARBURG RESEARCH raises the price target for KONTRON from EUR 28 to EUR 28.40. Buy. $KTN (-1,58%)

- UBS upgrades KINGSPAN GROUP from Neutral to Buy. Target price 90 EUR. $KRX (-0,6%)

- WARBURG RESEARCH raises the price target for ZEAL NETWORK from EUR 59 to EUR 64. Buy. $TIMA (-1,55%)

- GOLDMAN raises the price target for VONOVIA from EUR 42.70 to EUR 43.70. Buy. $VNA (+2,37%)

- BARCLAYS raises the price target for AHOLD DELHAIZE from EUR 30 to EUR 31. Equal-Weight. $AD (-0,59%)

- BARCLAYS raises the target price for FMC from EUR 38.50 to EUR 39. Equal-Weight. $FMC (+3,73%)

- JPMORGAN raises the target price for COMMERZBANK from EUR 18 to EUR 18.40. Overweight. $CBK (-1,64%)

- JPMORGAN raises the target price for PUMA SE from EUR 40 to EUR 44. Neutral. $PUM (-0,32%)

- JPMORGAN raises the target price for JUST EAT TAKEAWAY from GBP 13.96 to GBP 14.15. Overweight. $TKWY (+0,68%)

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- JEFFERIES downgrades PALANTIR from Hold to Underperform. Target price USD 28. $PLTR (+6,35%)

- DEUTSCHE BANK RESEARCH lowers the price target for NOVO NORDISK from DKK 1100 to DKK 1000. Buy. $NOVO B (-17,74%)

- RBC lowers the price target for NIKE from 82 USD to 80 USD. Sector Perform. $NKE (-6,85%)

- ODDO BHF downgrades ASM INTERNATIONAL to Outperform. Target price EUR 960. $ASM (+2,02%)

- KEPLER CHEUVREUX downgrades HENSOLDT from Buy to Hold. Target price EUR 34. $HAG (-0,41%)

- DEUTSCHE BANK RESEARCH lowers the price target for ZALANDO from EUR 40 to EUR 36. Buy. $ZAL (-0,7%)

- DEUTSCHE BANK RESEARCH lowers the price target for VESTAS from DKK 165 to DKK 150. Hold. $VWS (-2,71%)

- BOFA downgrades SIEMENS ENERGY from Buy to Neutral. Target price EUR 40. $ENR (+2,08%)

- METZLER lowers the price target for VONOVIA from EUR 28.50 to EUR 28. Sell. $VNA (+2,37%)

- BARCLAYS lowers the price target for TEAMVIEWER from EUR 18 to EUR 15.50. Overweight. $TMV (-2,93%)

- WARBURG RESEARCH lowers the price target for KLÖCKNER & CO from EUR 6 to EUR 5.70. Buy. $KCOB

- HAUCK AUFHÄUSER IB lowers the target price for NORMA GROUP from EUR 32 to EUR 27. Buy. $NOEJ (-1,36%)

- WARBURG downgrades EDAG ENGINEERING from Buy to Hold and lowers target price from EUR 13 to EUR 9.50. $ED4 (+0,57%)

- LBBW lowers the price target for ALLGEIER from EUR 24 to EUR 20. Buy. $AEIA

- BARCLAYS lowers the price target for HENKEL from EUR 79 to EUR 77. Equal-Weight. $HEN (+0,54%)

- BERENBERG lowers the price target for KRONES from EUR 157 to EUR 154. Buy. $KRN (+0,17%)

Earnings summary this morning (05.11.) 👇🏼

Krones | $KRN (+0,17%) 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 (+0,51%) 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 (+5,53%) 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 (-0,84%) 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 (+1,71%) 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 (+0,13%) 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 (-1,36%) 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 (-2,81%)
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 (+1,86%) 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

German winning stocks of the past five years

+603% SUSS Microtec $SMHN (+0,76%)

+411% Rheinmetall $RHM (-0,78%)

+329% Redcare Pharmacy $RDC (+1,71%)

+326% ATOSS Software $AOF (-3,11%)

+262% PNE $PNE3 (-0,56%)

+258% Mutares $MUX (-2,14%)

+232% Energiekontor $EKT (+0,05%)

+231% GFT Technologies $GFT (-1,22%)

+230% Elmos Semiconductor $ELG (+1,79%)

+229% Adtran Networks $ADV (+0,05%)

+161% Commerzbank $CBK (-1,64%)

+146% Krones $KRN (+0,17%)

+131% Hella $HLE (-0,06%)

+126% Munich Re $MUV2 (-1,1%)

+125% Deutsche Bank $DBK (-1,71%)

+111% VERBIO $VBK (-1,57%)

+111% KSB (Vz) $KSB (+1,57%)

+109% Infineon $IFX (-1,35%)

+109% Siemens $SIE (-0,29%)

+107% Talanx $TLX (-0,96%)

+103% Encavis $ECV (-0,06%)

+100% SFC Energy $SFC

+95% Nemetschek $NEM (+1,42%)

+93% Aixtron $AIXA (+0,02%)

+90% flatexDEGIRO $FTK (-0,34%)

+84% SAP $SAP (-0,03%)

Which ones do you have in your portfolio or on your watchlist?

I sold Infineon and Elmos too early.

+++ Earnings summary this morning, 31.07. +++

Adidas $ADS (-0,15%) achieved sales of €5.8 billion in the second quarter (previous year: €5.3 billion), EBIT of €346 million (previous year: €176 million) and net profit from continuing operations of €211 million (previous year: €96 million).

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KRONES $KRN (+0,17%) achieves revenue of €1.31 billion in Q2 (previous year: +16.7%, analyst forecast: €1.295 billion); EBITDA of €130.8 million (previous year: +22.8%, forecast: €130 million) and net profit of €69.2 million (previous year: +19.5%). Outlook for 2024 confirmed.

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Auto1 Group $AG1 (+3,11%) achieved sales of €1.52 billion in the second quarter (previous year: €1.34 billion, analyst forecast: €1.45 billion), sales of 166,292 vehicles (previous year: €141,682 vehicles); gross profit of €173.3 million (previous year: €127.8 million) and EBITDA (adjusted) of €20.7 million (previous year: -€14.8 million, forecast: €9.7 million).

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TEAMVIEWER $TMV (-2,93%) achieved revenue of €164.1 million in the second quarter (previous year: €154.2 million, forecast: €163.3 million), EBITDA (adjusted) of €67.5 million (previous year: €63.8 million, forecast: €64.3 million) and net profit of €26.5 million (previous year: €34.0 million). Outlook for 2024 confirmed.

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Fresenius $FRE (-0,84%) achieved adjusted sales of €5.41 billion (previous year: €5.1 billion, forecast: €5.27 billion), EBIT (adjusted) of €660 million (previous year: €571 million, forecast: €626 million) and adjusted net income after minority interests of €457 million (previous year: €393 million, forecast: €404 million) in the second quarter. Outlook confirmed.

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Siemens Healthineers $SHL (-1,01%) achieved sales of €5.4 billion in the third quarter (previous year: €5.2 billion, forecast: €5.5 billion), EBIT (adjusted) of €825 million (previous year: €758 million, forecast: €856 million) and net profit of €472 million (previous year: €451 million). Outlook confirmed.

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Nemetschek $NEM (+1,42%) confirms key figures for Q2 with revenue of €227.7m, EBITDA of €61.4m and outlook for 2024.

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Lufthansa $LHA (+1,28%) achieves revenue of €10.01bn (previous year: €9.38bn), EBIT (adjusted) of €686m (previous year: €1.1bn) and net profit of €469m (previous year: €881m) in Q2. Outlook confirmed on July 12.

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KION $KGX (+0,89%) achieved revenue of €2.9 billion in the second quarter (previous year: €2.8 billion, forecast: €2.9 billion), EBIT (adjusted) of €220.3 million (previous year: €192.3 million, forecast: €218 million) and a net profit of €70.7 million (previous year: €72.8 million).

$KRN (+0,17%)

I guess that didn't go as planned....

Krones must leave index

https://www.mittelbayerische.de/nachrichten/wirtschaft/harte-entscheidung-der-deutschen-boerse-krones-muss-index-verlassen-14267795

Good figures.

Good outlook.

Board of Management is buying.

I'm going with a first tranche....

Thanks for marking @InvestmentPapa

I am a field service technician for labeling machines at the market leader $KRN (+0,17%)

I have had the opportunity to work for several listed manufacturers, a small selection:

Pernod Ricards, LVMH, Coca Cola (Mostly)

PepsiCo, Unilever, Berentzen (Emsland love) Diageo, AbInbev, Carlsberg etc.

In principle, everything that is filled into a container and labeled, whereby in Germany the non-listed manufacturers are still in the majority, e.g. the Schwarzgruppe, which expands its production capacities every year.

Enclosed is a best off of the failures at work😉

- Customer ignores the bottles falling off the line

- Snow in Wisconsin

- Drive to Navi in Serbia

- New production line Coke South Africa

- 2 Fails with wrong settings at a machine output of 84,000 per hour

- Customer tampered with filler, one load of Coke had to be run on gully ~ 2000 liters

I nominate @FrauManu & @Divmann & @six & @Howsy

#börsengehandelteralltag

In Angola🇦🇴 for the share prices of $KRN (+0,17%)
$DGE (-0,46%) and $KO (-0,4%) arbeiten🧑‍🔧🤓

And of course for $GLAXO because of the malaria prophylaxis 😆

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗜𝗣𝗢𝘀 🔔

Stepstone - Axel Springer ( $AXELF ) wants to continue preparations for the IPO of job portal Stepstone. Goldman Sachs ( $GOS (+1,09%) ) and Morgan Stanley ( $DWD (+1,17%) ) have been chosen to lead the transaction, which could take place in the second quarter of 2022. Under the offer, Stepstone could be valued at around seven billion euros. This would correspond to 25 times the operating profit (EBITDA) of around 300 million euros expected for 2023. The job portal's business has been doing very well recently and has been able to post annual growth of 20 percent over the past ten years.

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

Ex-dividend date: Apple Inc ( $APC (+1,34%) ), AmeriServ Financial Inc ( $ASRV ), Brink's ( $PTY (+0,29%) ), Clarus ( $BDO (+3,55%) ), Core Laboratories ( $CEI ), Federated Hermes ( $3KC (-0,25%) ), First Interstate BancSystem ( $4FB (+2,63%) ), W. W. Grainger ( $GWW (+0,46%) ), Janus Henderson ( $HDJA ), Lazard ( $LAZ ), Louisiana Pacific ( $LP3 (+0,61%) ), US Steel ( $USX1 (-0,14%) ) and Xilinx ( $XIX ).

𝗖𝗵𝗶𝗳𝗳𝗿𝗲𝘀 𝘁𝗿𝗶𝗺𝗲𝘀𝘁𝗿𝗶𝗲𝗹𝘀📈

Today 11880 Solutions ( $TGT (+0%) ), Andritz AG ( $AZ2 (+0,08%) ), Amadeus IT Group ( $AI3A (+1,89%) ), Asahi Kasei ( $ASAA (-0,84%) ), Berkshire Hathaway ( $BRYN (+0,07%) ), Data Modul ( $DAM (-0,72%) ), GS Yuasa ( $G9Y (+0,03%) ), Honda ( $HDMA (+0%) ), Johnson Controls ( $TYIA (+1,86%) ), Kikkoman ( $KIK (+2,9%) ), Kobe Steel ( $KST (-0,43%) ), Krones AG ( $KRN (+0,17%) ), Mitsubishi ( $MBI (+0,45%) ), Nippon Paper Industries ( $9NI (+0%) ), Olympus ( $OCPNY ), Rheinmetall ( $RHM (-0,78%) ), Sempra Energy ( $SE4 (+0,46%) ), TLG Immobilien ( $TLG ) and Uniper ( $UN01 ) present their figures.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

United Internet ( $UTDI (-1,53%) ) - Ralph Dommermuth wants to buy United Internet for 35 euros per share. This means that he would own more than half of the Internet group. The manager wants to acquire 17 million United Internet shares, either via an existing company or via a new company he controls. The share price, which was close to 37 euros in September, had fallen by about 5 euros by the end of October. United Internet had announced in mid-September that it wanted to end the share buyback prematurely due to low trading volumes. However, it is still unclear whether Dommermuth will actually buy the company.

Platoon ( $2ON (+0,79%) ) - The surplus demand for exercise bikes due to Corona's crisis is over. Last quarter, the fitness equipment maker posted a $376 million loss. That forced Peloton to lower its revenue forecast for the current year and subscriber growth. Investors reacted immediately, and the stock dropped about 33% within a day.

Varta ( $VAR1 (-1,19%) ) - The battery maker lowered its sales forecast for the current fiscal year due to production difficulties at some suppliers. In response, the stock price fell about 19%.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

New York City - New York City's new (Democratic) mayor, Eric Adams, discussed in an interview, a day after his official election, his plan to introduce a coin for the city. This is supposed to be one of the first steps in transforming New York into a crypto-currency-friendly city. In addition, he announced that he wants to receive his first 3 salaries in the form of crypto-currencies. He has also already met with Miami Mayor Francis Suarez, who is known for his positive attitude towards crypto-currencies and who last week also requested that his salary be paid 100% in bitcoins. Miami already has its own City Coin, which is indeed very popular. Francis and Adams have now decided to engage in a friendly competition to see which of the two cities can show the most progress in the crypto space. Adams' goal is for New York to maintain its reputation as the financial capital of the crypto-currency era.

Commonwealth Bank ( $CWW (-1,86%) ) - Australia's largest bank said the day before that they are working to make bitcoin and other crypto-currencies tradable for their customers in the coming weeks. In addition, they said that they also want to offer their customers to store crypto-currencies for them. Initially, only Bitcoin ($BTC-EUR), Bitcoin Cash ($BCH-EUR), Ethereum ($ETH-USD) and Litecoin ($LTC-EUR) will be available. The implementation will be done in collaboration with Gemini, a U.S.-based company specializing in crypto asset custody. Commonwealth Bank is by far the largest financial institution on the continent, with total assets of $688.4 billion, so this news is a big step for the crypto industry.

🤜🏼🤜🏼🤜🏼 @MarketNewsUpdate

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗦𝘁𝗲𝗽𝘀𝘁𝗼𝗻𝗲𝘀 𝗜𝗣𝗢 / 𝗘𝗹𝗲𝗸𝘁𝗿𝗼𝗿𝗮𝗱 𝗶𝗺 𝗞𝗲𝗹𝗹𝗲𝗿 / 𝗟𝗲𝗲𝗿𝗲 𝗕𝗮𝘁𝘁𝗲𝗿𝗶𝗲 / 𝗚𝗲𝗵𝗮𝗹𝘁 𝗶𝗻 𝗞𝗿𝘆𝗽𝘁𝗼

𝗜𝗣𝗢𝘀 🔔

Stepstone - Axel Springer ($AXELF) wants to push ahead with preparations for an IPO of the job ad portal Stepstone. Goldman Sachs ($GOS (+1,09%)) and Morgan Stanley ($DWD (+1,17%)) have been selected to lead-manage the transaction, which could take place in the second quarter of 2022. The issue could value Stepstone at around EUR seven billion. This would correspond to 25 times the operating profit (EBITDA) of around EUR 300 million expected for 2023. The job portal's business has been going very well recently and it has been able to show annual growth of 20 percent over the last ten years.

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

As of today, Apple Inc. ($APC (+1,34%)), AmeriServ Financial Inc. ($ASRV), Brink's ($PTY (+0,29%)), Clarus ($BDO (+3,55%)), Core Laboratories ($CEI), Federated Hermes ($3KC (-0,25%)), First Interstate BancSystem ($4FB (+2,63%)), W. W. Grainger ($GWW (+0,46%)), Janus Henderson ($HDJ), Lazard ($LAZ), Louisiana Pacific ($LP3 (+0,61%)), US Steel ($USX1 (-0,14%)) and Xilinx ($XIX) traded ex-dividend.

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today, among others, 11880 Solutions ($TGT (+0%)), Andritz AG ($AZ2 (+0,08%)), Amadeus IT Group ($AI3A (+1,89%)), artnet ($ART (-4,43%)), Asahi Kasei ($ASAA (-0,84%)), Berkshire Hathaway ($BRYN (+0,07%)), Chiyoda Kakō Kensetsu ($CYA (-1,03%)), Data Modul ($DAM (-0,72%)), GS Yuasa ($G9Y (+0,03%)), Honda ($HDMA (+0%)), Johnson Controls ($TYIA (+1,86%)), Kikkoman ($KIK (+2,9%)), Kobe Steel ($KST (-0,43%)), Krones AG ($KRN (+0,17%)), Mitsubishi ($MBI (+0,45%)), Nippon Paper Industries ($9NI (+0%)), Olympus ($OCPNY), Rheinmetall ($RHM (-0,78%)), Sempra Energy ($SE4 (+0,46%)), TLG Immobilien ($TLG) and Uniper ($UN01) presented their figures.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

United Internet ($UTDI (-1,53%)) - Ralph Dommermuth aims to take over United Internet for EUR 35 per share. This would give him more than half of the Internet group. The manager would like to acquire 17 million United Internet shares either via an existing company or a newly founded one controlled by him. The share price of almost EUR 37 in September had fallen by around EUR 5 by the end of October. United Internet had announced in mid-September that it intended to end its share buyback prematurely due to low trading volumes. However, it is still uncertain whether Dommermuth's purchase will actually take place.

Peloton ($2ON (+0,79%)) - The upswing of exercise bikes due to the Corona crisis is over. In the last quarter, the fitness equipment manufacturer posted a loss of $376 million. In the wake of that, Peloton lowered both its expected revenue for the current fiscal year and its subscriber growth. Investors reacted immediately and the stock fell by about 33% in the course of one day.

Varta ($VAR1 (-1,19%)) - The battery company lowered its sales forecast for the current fiscal year due to production difficulties at some suppliers. In response, the share slumped by around 19%.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

New York City - New York Mayor-elect (Democrats) Eric Adams spoke in an interview a day after his official election about his plans to introduce a City Coin for the city. This is said to be one of the first steps in transforming New York into a crypto-friendly city. Furthermore, he announced that he wants to receive his first 3 paychecks in the form of cryptocurrencies. He also said that he has already met with Miami Mayor Francis Suarez, who is known for his positive attitude towards cryptocurrencies and also called for his salary to be paid 100% in Bitcoin last week. Miami already has its own City Coin, which is indeed very popular. Francis and Adams now decided to try a friendly competition to see which of the two cities can show greater progress in the crypto space. Adams' goal is for New York to continue to maintain its reputation as a financial capital in the age of cryptocurrencies.

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