Europe's largest airline in terms of passenger numbers, passenger numbers are constantly rising, a big fan itself - often booked for city trips and dividends will even be paid out again from 2024.
Ryanair HoldingsIE00BYTBXV33RYARYA
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/N2Ux73t4Z70?si=qkahQMBuwcfTOfpx
Monday:
Another increase in orders for German industry, orders rose by 0.2% in September. A decline of one percent was expected. However, the August figures had to be revised downwards significantly. In addition, different sectors are developing very differently. Mechanical engineering is doing much better than vehicle construction.
Sentiment in companies has fallen to its lowest level since 2020. The Purchasing Managers' Index fell to 46.5 points. The worst it has been in 35 months. Less than 50 points signal an economic contraction.
$RYA (+4,98%) Ryanair achieves a record profit and introduces a regular dividend. In future, 25 % of profits will always be distributed. Previously there were only special dividends. The company is benefiting from high demand and expects a profit of between EUR 1.85 and 2.05 billion for the financial year.
$BNTX (-3,32%) Biontech remains profitable despite a slump in demand for vaccines. A profit of EUR 161 million was achieved in Q3. The sales forecast for 2023 has been reduced from EUR 5 billion to EUR 4 billion.
Tuesday:
$EVK (+0,88%) Evonik makes sales of EUR 4.9 billion, 23% less than in the same quarter last year. The bottom line was a loss of EUR 96 million. The forecast is maintained.
In contrast to the other western industrialized nations, Australia is raising its key interest rates to 4.35 %. Inflation remains stubbornly high and is not yet in the 2 - 3 % range.
https://www.ft.com/content/60aa314b-b8e2-4299-ac0e-d212f6d1ae0b
$O2D (-0,65%) Telefonica Deutschland is fully taken over by the parent company. The share price rises again as a result. The Spanish parent company offers the minority shareholders a price of EUR 2.35 per share in this squeeze-out. A premium of more than 37% on the previous share price.
Wednesday:
$BAYN (+3,44%) Bayer disappoints with its quarterly figures. Instead of an expected EBITDA of EUR 1.725 billion, it was only EUR 1.685 billion. Sales slumped by 8% due to the poor performance of the agricultural division. Bayer is nevertheless sticking to its forecast. We continue to hold on to Bayer in our public portfolio, things can hardly get any worse.
The $DHL (-1,71%) DHL Group has been accused of conservative forecasts by analysts. However, they were probably not conservative enough. The Group had to cut its forecast. The maximum EBIT for 2023 is now only EUR 6.6 billion. Revenue fell by almost a fifth to EUR 19.4 billion in the third quarter.
Retail sales in the eurozone continue to fall. In September, the figure was 0.3 % down on the expected 0.2 %. Nevertheless, the stock market was able to continue its successful trend reversal today.
https://stock3.com/news/eur-usd-eu-einzelhandelsumsaetze-gehen-zurueck-13542061
Thursday:
Inflation in China remains at a low level. According to the National Bureau of Statistics, core inflation is at 0.6% (excluding food and fuel). Imports also rose significantly, while exports shrank. Foreign direct investment was negative for the first time ever. The days of Chinese investors buying up a new company every week seem to be over for the time being.
https://www.n-tv.de/wirtschaft/der_boersen_tag/Anstieg-der-Inflation-in-China-article24519017.html
The announcement by $ADYEN (+4,56%) Adyen to become more profitable boosted the share price on Thursday.
Fed Chairman Jerome Powell explained in a speech at the IMF meeting that the monetary authorities are not convinced that interest rates are sufficiently restrictive. In other words, there may well be further interest rate hikes. This depressed sentiment on the stock market.
Friday:
Allianz $ALV (+0,8%) Allianz makes significantly less profit. Operating profit slumped by 14.6% to EUR 3.5 billion in the past quarter. This was mainly due to storms in the Alps in the summer.
$JUN3 (+1,99%) Jungheinrich only reports a slight increase in incoming orders. Analysts had expected more. EBIT fell by 1% to EUR 103 million.
Poor consumer confidence data from the USA, the value was 60.4, 63.7 was expected, mainly due to higher consumer inflation expectations.
The most important dates for the coming week:
Monday: 11:00 Growth forecast (EU)
Tuesday: 11:00 Economic Sentiment (DE)
Wednesday: 03:00 Retail Sales (China)
Thursday: 14:30 Manufacturing Index (USA)
Friday: 14:30 Building Permits (USA)
Jooo,
I wanted to know which company you find more interesting and are invested in. It's about the airlines $LHA (+2,32%) and $RYA (+4,98%) . I would just like to know what you think of these companies and what you think of them. Thank you very much for your answers and have a wonderful evening.
mfG
As every Sunday, the most important news of the last week and the dates of the next week.
The dates of the next week as a video:
https://youtube.com/shorts/Z2rjD3rE6NY?feature=share
Monday:
$RYA (+4,98%) Ryanair benefits from the resurgence in travel. In the 2nd quarter, profits increased significantly. To a surplus of 663 million euros. A year ago, the profit was still 188 million euros. Nevertheless, Ryanair expects fewer guests for the full year. This is due to delays in the delivery of new Boeing jets.
Bad industrial data from Germany, things are just not going well at the moment. The purchasing managers' index is even worse than expected. The manufacturing index fell to 38.8 (forecast: 41). This is the worst value in 38 months. In the service sector, the result is also worse than expected. The industrial sector is now downsizing its workforce, while the service sector is at least hiring less.
https://finanzmarktwelt.de/deutsche-wirtschaft-industrie-weiter-im-freien-fall-277800/
New logo for $0QZBl Twitter, instead of the bird in the future the 'X'. Elon Musk has once again taken the cake. Twitter is coming under pressure due to the successful launch of Threads, among other things. The meta company was able to gain more than 100 million users in a very short time with its Twitter counterpart.
$ADS (+1,79%) Adidas is probably doing better than expected. The group is now raising its forecast, the reason being a successful sell-out of the Yeezy collection. Sales will drop less than expected, and the operating loss will be less than expected.
$BAYN (+3,44%) Bayer collapses in the short term. The forecast had to be scrapped because of glyphosate sales. Glyphosate remains the biggest risk for Bayer. FCF is expected to drop to 0!!! instead of 3 billion euros this year.
However, such behavior is typical after a CEO change. Also known as 'cleaning the desk' the new CEO puts everything bad into the inaugural year, blames the predecessor and then looks really good afterwards because they got the company on track.
dpa-AFX ProFeed
Tuesday:
The business climate in Germany deteriorated significantly. The ifo barometer fell to 87.3 points, 88 points had been expected. Germany is already in recession. For Thursday, a further interest rate hike by the ECB is nevertheless expected. However, with such data, this could be the last for the time being.
#china shares rise sharply. The reason is not the sudden disappearance of Foreign Minister Qin Gang, who is being replaced by his predecessor Wang Yi. It is an announced economic stimulus program. Consumption is to be boosted, aid is to be provided for companies and the real estate sector is to be stabilized. Exact details are not yet known, however.
https://amp.cnn.com/cnn/2023/07/25/economy/china-politburo-economy-hnk-intl/index.html
As a result of the interest rate turnaround, companies have taken out significantly fewer loans. This is the result of an ECB survey. Investment loans in particular fell sharply. Another alarm signal from the economy. Italy was hit hardest by the decline in loans among the four major economies in the EU. Banks expect a further decline in the third quarter.
Forecast increases by $DB1 (+0,1%) Deutsche Börse and by $RWE (-3,24%) RWE. Both companies expect a better result for the full year.
Also $GOOGL (+0,99%) Alphabet and $MSFT (+1,09%) Microsoft also delivered figures above expectations.
Wednesday:
Also the $DBK (+1,72%) Deutsche Bank exceeds analysts' expectations. In the 1st half, a pre-tax profit of EUR 3.3 billion was achieved, the best result since 2011. A share buyback program of EUR 450 million was also announced.
$P911 (+0,6%) Porsche earns slightly more than expected, however the Taycan is not selling well in China. The electric Macan also cannot yet be sold. Despite good figures and confirmation of the forecast, the stock market is therefore going down a bit for the time being.
$VOW3 (+0,29%) Volkswagen takes a 5% stake in XPENG, and the share price makes a huge leap upwards. With XPENG, the company wants to develop cars, especially for the Chinese market. Audi has already announced a cooperation with SAIC in recent days. In any case, the investment has already paid off for VW. After the announcement, the share price increased by 30%.
The #fed at raised the key interest rate to a range of 5.25 - 5.50%. This is the highest it has been in 22 years. Inflation in the USA is now at 3.0%. Only 1 percentage point away from the 2.0% target. Initially, there was no real reaction. Jerome Powell also left the further course of action open in the press conference. So there may be another interest rate hike in September.
Also $MBG (-2,54%) Mercedes also raises its annual forecast, probably catching some investors on the wrong foot. Many market participants had rather expected forecast reductions in the automotive sector.
Also $META (+3,24%) Meta delivers. The Group was still in a slumber during the winter, but now growth fantasies seem to have reawakened. Here, too, the forecast has been raised.
https://stock3.com/news/meta-uebertrifft-die-erwartungen-12783323
Thursday:
The situation at VW is different from that at Mercedes. Profits continue to rise, but the sales forecast is capped. Profit and sales are expected to be achieved as planned. In the 2nd quarter, sales have increased by 15% to EUR 80 billion.
$KGX (+5,89%) raises its forecast again. EBIT up 11.7% year-on-year. Sales increase by 1.5%. Cash flow also improved significantly and debt was reduced. A capital increase thus appears to be off the table.
https://www.nebenwerte-magazin.com/kion-group-steigert-profitabilitaet/
The ECB also raises its key interest rate by 0.25 percentage points. This brings the key interest rate in the euro zone to 4.25%. Prices rose significantly immediately after the announcement. Presumably, some shorts were liquidated as a hedge.
The president leaves open what will happen in September. However, she emphasizes that a decision will be made based on new data. She also emphasizes that this time they are deliberately saying that they do not need to take any further steps. The current key interest rate could therefore be sufficient to limit inflation. Whether it was really the last rate hike depends on the further development of inflation. There is a lot to be said for it being the last rate hike in this interest rate cycle. Perhaps, however, there will still be surprising price drivers in the coming weeks.
https://www.ecb.europa.eu/press/pressconf/press_conference/html/index.de.html
Friday:
No real interest rate hike in Japan 🇯🇵 However, a step away from the ultra-loose interest rate policy. In Japan, the central bank controls the interest rates on government bonds. Officially, the yield curve here is 0.5%, but now they want to allow interest rates of up to 1.0%. The key interest rate remains at -0.1%.
$INTC (+1,29%) Intel convinces with its quarterly figures. Both the decline in sales and profits were below expectations. The share was therefore able to increase significantly.
Key dates for the coming week:
Monday: 11:00 Consumer prices (EURO)
Tuesday: 16:00 Trade data (USA)
Wednesday: 14:15 Employment data (USA)
Thursday: 13:00 Interest rate decision (UK)
Friday: 11:00 Retail Sales (EURO)
In recent weeks, the debate about whether people prefer to go on vacation by train or bus instead of by plane has grown again. All the more astonishing are the figures of Ryanair for the 2nd quarter!
In the 1st business quarter, Ryanair achieved a profit of 663 million euros - which was even more than analysts had expected! The high profit was achieved, among other things, by the increase in ticket prices. Ticket prices increased by an average of 42% year-on-year.
Aircraft utilization has also improved and revenue has increased by a full 40% to 3.65 billion euros.
But despite these strong numbers, Ryanair's stock is down nearly 4% at times. Perhaps that has to do with the muted outlook for the full fiscal year to the end of March 2024, as they now only expect growth to 183.5 million passengers, instead of the 185 million previously targeted.
RyanAir would not be an investment for me despite the good numbers. What is your view? Can you find the $RYA (+4,98%) share in your portfolio?