Kion Grp

DE000KGX8881

KGX

KGX

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

Adidas $ADS (+1,79%) 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 (+1,41%) 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 (+4,75%) 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 (+0,36%) 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 (-1,05%) 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 (-0,12%) 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 (+2,9%) confirms key figures for Q2 with revenue of €227.7m, EBITDA of €61.4m and outlook for 2024.

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Lufthansa $LHA (+2,32%) 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 (+5,89%) 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).

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/m3JKFUrMVtY?si=1kbET0y7yhLVSg-y

Monday:

While car shares in particular fell last week following the announcement of tariffs on e-cars, China is reacting differently than expected. In response to the tariffs, it is not car manufacturers that are to be punished, but farmers. China is probably planning to increase tariffs on pork. China is probably aiming to hit France in particular, which campaigned for the tariffs. While Germany wanted to prevent the tariffs at EU level. The largest exporter of pork to China in the EU is Spain, followed by France. Germany no longer exports any pork to China.

https://www.handelsblatt.com/politik/international/sonderzoll-china-kuendigt-anti-dumping-test-fuer-schweinefleisch-aus-europa-an/100045858.html

Tuesday:

Warren Buffett invested in BYD years ago. Now the investor is selling his shares. The sale has already begun in 2022. Warren Buffett is therefore also acting anti-cyclically in this case.

https://www.instagram.com/p/C8WRNgftYV0/?igsh=cXlveXR0bDJxYm92

According to a study by the Swiss private university IMD, Germany is falling further behind in terms of competitiveness. Ten years ago, Germany was still in 6th place, but is now in 24th place out of 67 countries surveyed. Germany was particularly criticized for being inflexible and bad at picking up on new things. Here, Germany was ranked 64th out of 67. Productivity in Germany is also not improving any further. Rising productivity in particular is a prerequisite for real wage growth without losing competitiveness.

https://www.spiegel.de/wirtschaft/iwd-studie-deutschland-rutscht-im-laendervergleich-der-wettbewerbsfaehigsten-nationen-ab-a-8bf1cd36-e5e9-4c73-8f6b-3341d8626859

Wednesday:

Inflation in the UK 🇬🇧 reached the 2% level again. This means that for the first time in 3 years, inflation is back at the central bank's target inflation rate. However, prices for services such as overnight stays, haircuts and the like continue to rise too sharply.

https://amp.cnn.com/cnn/2024/06/19/economy/uk-inflation-target-interest-rate-cuts

Thursday:

The ifo Institute expects the ECB to make 2 further cuts this year. As a result, GDP is expected to grow by 0.4% in Germany this year (previously 0.2%) and by a significant 1.5% next year.

https://www.handelsblatt.com/politik/konjunktur/wirtschaftswachstum-ifo-institut-verdoppelt-prognose-fuer-deutschland/100046686.html

Javier Milei seems like a social experiment to many in Europe. However, the Argentinian president is currently delivering. Argentina has been chronically over-indebted for years. Now China is extending a loan, as is probably the IMF. Inflation in Argentina has been in double figures for months. - From month to month! Now Milei's tough austerity measures have also led to success here. Month-on-month inflation has fallen from 25% to 4%. It is clear that the austerity measures are currently hitting the poorest people in the country the hardest. However, Milei's radical reforms, which have now also passed through parliament, could lead to long-term growth, which would also benefit the poorest people in the country. As Argentina is a food exporter, the poorest are unlikely to go hungry for the time being. For Milei, it should now be important for both domestic and foreign investment to increase. Then even the poorest people will have prospects again.

https://www.handelsblatt.com/politik/international/argentinien-was-javier-milei-in-sechs-monaten-erreicht-hat/100044980.html

As expected, the BoE is leaving the interest rate unchanged at 5.25%.

https://www.fxstreet.com/news/boe-set-to-leave-interest-rates-unchanged-could-deliver-cautious-message-on-inflation-202406200600

Friday:

The $KGX (+5,89%) Kion share falls significantly following a buy recommendation from UBS. Sounds absurd, and it is, but because the price target was lowered, the share falls by 7%, although the price target is more than 20% above the current value of the share.

https://www.boerse.de/nachrichten-amp/ANALYSE-FLASH-UBS-senkt-Ziel-fuer-Kion-auf-50-Euro-Buy/36188620

Most important dates in the coming week:

Wednesday: 22:30 Info bank stress test (USA)

Thursday 14:30 GDP (USA)

Friday: 14:30 Consumer spending data (USA)

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

Also as a video:

https://youtube.com/shorts/Tzvt-QWMEx0?si=s6XBg1idGvlqJmah

Monday:

Global military spending reaches a new record high. Global military spending amounted to 2.3 trillion euros in 2023. This is roughly equivalent to the GDP of France. At 859 billion euros, the USA spent around 37% of this. It is followed by China, Russia, India and Saudi Arabia. Germany follows in seventh place, just behind the UK. Ukraine follows in eighth place.

https://www.handelsblatt.com/politik/international/sipri-bericht-weltweite-militaerausgaben-wieder-auf-hoechststand/100034128.html

Despite the crisis in the construction industry, the sustainable insulation specialist $ST5 (+0,91%) Steico can significantly increase its profit. In particular, profits rose significantly in the first quarter from 2.1 to 5.9 million euros. The main reason was falling purchase prices, which is also exciting in view of the upcoming ECB interest rate decision. We hold a very small position of 3 shares in Steico in our value portfolio. For the most part, we exited at prices well above EUR 60.

https://www.ecoreporter.de/artikel/steico-gewinn-im-ersten-quartal-wächst-deutlich/

Tuesday:

The Chinese are buying fewer and fewer iPhones and more and more smartphones from the Chinese manufacturer Huawei. $AAPL (+2,87%) Apple's sales fell by 20% in China in the first quarter. Huawei's sales increased by 70 %. Apple is a victim of the rising tensions between the USA and China.

https://www.handelsblatt.com/technik/it-internet/apple-iphone-absatz-in-china-bricht-ein-huawei-profitiert/100034492.html

Wednesday:

$TSLA (+6,49%) Tesla suffers first drop in sales since 2020 in Q1 2024. Sales fell by 9% to USD 21.3 billion. The announcement of more affordable models at the end of the year already generated enthusiasm.

https://www.handelsblatt.com/technik/it-internet/e-mobilitaet-tesla-gewinn-bricht-ein-musk-verspricht-neue-modelle/100032651.html

The German government surprisingly raises its growth forecast; instead of 0.2%, GDP growth of 0.3% is now expected. Among other things, the ifo business climate index has already climbed for 3 months in a row.

https://www.handelsblatt.com/politik/konjunktur/konjunktur-bundesregierung-erwartet-etwas-mehr-wachstum-doch-sorgen-bleiben/100032800.html

Thursday:

Our value stock $KGX (+5,89%) Kion starts the new quarter with solid figures. Turnover increased by 2.8%. Profitability increased, only the cash flow deteriorated slightly. In our view, it is also positive that incoming orders increased again compared to the same quarter last year.

https://www.boerse.de/nachrichten-amp/EQS-News-Solider-Start-in-das-Geschaeftsjahr-KION-steigert-Umsatz-und-Ergebnis-im-ersten-Quartal/35992507

Our value stock $HFG (-3,63%) Hellofresh reports quarterly figures and is particularly impressive with its growth in the ready meals segment. Overall, sales rose by 3.8%, but the ready meals division grew by 56.2%. Hellofresh thus broke the 2.07 billion euro sales barrier in one quarter, the highest ever. The bottom line will initially be lower due to the start-up financing of the ready meals brand.

https://www.wallstreet-online.de/nachricht/18018276-eqs-news-hellofresh-se-vermeldet-quartalsumsatz-2-07-mrd-produktkategorie-fertiggerichte-waechst-zuegig-expandiert-laender

Consumer sentiment in Germany 🇩🇪verbessert continues to improve. In April, sentiment rose for the third time in a row. However, the value of the GfK barometer remains in negative territory at -24.2 points. This means that negative responses to the survey continue to predominate. However, the trend is positive.

https://www.handelsblatt.com/politik/konjunktur/verbraucherstimmung-konsumlaune-steigt-auf-zwei-jahres-hoch-lohnplus-verbessert-kaufkraft/100035003.html

Growth in the USA 🇺🇸 is lower than expected at 1.6% in Q1. The inflation rate is also higher than expected. These are bad signs. In theory, the Fed should be looking at inflation rather than economic growth. This means that a reduction in interest rates in the USA could be postponed further. The stock markets are falling sharply.

https://www.handelsblatt.com/politik/konjunktur/konjunktur-us-wirtschaft-waechst-langsamer-als-erwartet/100035035.html

After $META (+3,24%) Meta, the next tech company is now announcing a dividend payout. Alphabet will pay out 0.20 cents per share in future. The share price literally exploded after the announcement. The other figures are also convincing, with profits rising to 22 billion euros in one quarter.

https://www.finanzen.net/nachricht/aktien/internetriese-mit-zahlen-alphabet-aktie-mit-hoehenflug-alphabet-schlaegt-alle-erwartungen-aktienrueckkauf-13446329

Friday:

The Japanese 🇯🇵 central bank postpones the interest rate decision. As a result, the yen continues to fall. Last year, Germany became the world's third-largest economy despite zero growth, thanks to the weak yen.

https://www.handelsblatt.com/finanzen/maerkte/devisen-rohstoffe/japans-notenbank-vertagt-eine-erneute-zinserhoehung-der-yen-rutscht-weiter-ab/100035026.html

Saturday:

The inflation rate in Germany is expected to have risen in April for the first time this year. Inflation was probably 2.3% in April, compared with 2.2% in March. The main reason for this is the renewed increase in VAT on gas and district heating.

https://www.handelsblatt.com/politik/konjunktur/konjunktur-inflationsrate-im-april-erstmals-in-diesem-jahr-gestiegen/100035482.html

These are the most important dates for the coming week:

Tuesday: 11:00 Inflation data (Eurozone)

Wednesday: 20:00 Interest rate decision (USA)

Friday: 14:30 Employment data (USA)

Hey guys!

I'm getting in touch after having an acc for a few months now, but never really doing much with the app.

I started investing really early at 18 every now and then, then after a few ups and downs (2021 was not a beginner-friendly year 🥲), my big first loss through $ACC (-0,51%) and the start of my studies. I've been more active again for 2-3 months and finally want to set up a smart system. But I'm a bit overwhelmed and need some Ratschläge🙏🏾 please

1. i know i have too many positions, i will soon sell 1-2 etfs again, but apart from that i don't know exactly what i should sell, e.g. $KGX (+5,89%) and $MPW (-3,18%) . Should I rather wait here until they rise again? Or just sell them and concentrate on the more important ones?

2. i want to save an ETF with approx. 50€ per month. But I don't necessarily want to take the core msci world, as it's somehow too boring for me😅 Do you have any alternatives for me? I initially wanted to save in the $WMIN (+3,44%) until I realized that the industry is cyclical and I don't think a savings plan would make the most sense. With $U3O8 (+2,47%) I'm not sure whether it would really be better. Would you have any tips and ideas for me? I also have no problem having to monitor the ETF a little.

3. what do you think of $BICO (+0,13%) ? I will certainly continue to hold it in my portfolio, as I really like the share and see a lot of potential for the future. But what do you think?

4. and finally, what do you think of overall? Do you have any tips and advice?

Thanks for reading and have a nice evening everyone!

We have once again carried out a partial sale of Kion. The reason for this was the high weighting in the portfolio and the opportunity to further increase our cash cushion. We remain convinced of the company and are therefore still invested.