Heidelberg Materials aims for further growth in operating profit + Hamborner REIT exceeds expectations + Fuel cell specialist SFC Energy expects further growth + Citigroup raises Thyssenkrupp price target and praises Marine IPO
Heidelberg Materials $HEI (+4,04%)aims for further growth after record operating profit
- The building materials group Heidelberg Materials (formerly Heidelbergcement) is optimistic for the current year following a record operating profit.
- "Thanks to our broad geographical positioning and active cost and price management, we were able to more than compensate for declines in demand in individual regions," said CEO Dominik von Achten on Tuesday in Heidelberg.
- Although the construction sector is still characterized by volatility in some regions, the stabilization in the core markets is continuing.
- The management therefore expects earnings growth again in the current year.
- In 2024, turnover remained at the previous year's level of just under EUR 21.2 billion despite declining sales volumes, as the DAX-listed company announced.
- Adjusted EBIT - the so-called RCO - increased by 6 percent to 3.2 billion euros.
- A savings program also contributed to this. This was as much as analysts had expected.
- The bottom line was a profit attributable to shareholders of just under 1.8 billion euros after around 1.9 billion euros in the previous year.
- For the current year, the Executive Board expects adjusted earnings before interest and taxes of between EUR 3.25 billion and EUR 3.55 billion.
Hamborner REIT $HABA (-2,52%)exceeds expectations with operating result
- The commercial real estate specialist Hamborner Reit generated more rental and lease income last year thanks to property acquisitions.
- Rental and leasing income rose by 2 percent year-on-year to EUR 93.0 million in 2024, as the company announced on Tuesday based on preliminary figures.
- However, funds from operations (FFO), an important operating indicator for the real estate sector, fell by 5.5% to EUR 51.6 million.
- Higher expenses for maintenance, personnel and administration also had a negative impact here.
- FFO is slightly above the average analyst estimate.
- The net asset value per share fell by 2.3% year-on-year to EUR 9.79.
- The company had already commented on the outlook and the dividend last week.
- Accordingly, income from rents and leases is expected to fall to between EUR 87.5 million and EUR 89.0 million, primarily due to the sale of properties.
- The expected decline in FFO to between EUR 44.0 million and EUR 46.0 million was also held back by increased maintenance and personnel costs as well as expenses for strategic and regulatory projects.
- As already announced, the dividend is expected to remain at the previous year's level of 48 cents per share.
Fuel cell specialist SFC Energy $F3C (+0,38%)expects further growth
- The fuel cell specialist SFC Energy intends to continue its growth course in the current year.
- Sales are expected to increase by around 11 to 25 percent to between 160.6 million and 180.9 million euros in 2025, the company announced when presenting its preliminary annual figures.
- The strongest growth impetus is likely to come from the North American and Asian regions.
- SFC expects adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) to be between 24.7 and 28.2 million euros.
- The company can build on well-filled order books.
- The order backlog rose by 28.6 percent to around 104.6 million euros at the end of the year.
- Thanks to high demand in the fourth quarter, incoming orders increased from 124.8 to 167.7 million euros in 2024.
- Last year, SFC increased its turnover by 22.5% to 144.75 million euros, according to the statement.
- The company thus reached the upper end of its forecast.
- Adjusted EBITDA grew by 45.2 percent to 22 million euros and was better than SFC had recently forecast.
Citigroup raises thyssenkrupp price target $TKA (+13,23%)and praises Marine IPO
- The US bank Citigroup has raised its target price for Thyssenkrupp from 5.50 to 8.50 euros and left its rating at "Buy".
- Cash, price drivers, options - the steel and industrial group has all this practically in abundance, wrote analyst Ephrem Ravi in his reassessment published on Tuesday.
- The only decisive factor for success is implementation.
- The spin-off of the marine division and the further reduction of the steel business could create enormous value.
- The marine division alone could cover the current market capitalization of the entire group.
Tuesday: Stock market dates, economic data, quarterly figures
- ex-dividend of individual stocks
- Compania de Distribucion Integral Logista Holdings EUR 1.53
- CDW Corporation USD 0.63
- Quarterly figures / company dates USA / Asia
- 12:00 Home Depot annual results
- 14:30 Paypal Investor Day
- 17:00 Apple AGM
- Quarterly figures / Company dates Europe
- 07:00 Fresenius Medical Care | Heidelberg Materials | Hamborner Reit Annual results
- 07:30 Raiffeisen Bank International | SFC Energy | Uniper Annual Results
- 08:00 Flatexdegiro Annual results
- 08:30 Uniper Analyst Conference
- 09:00 Flatexdegiro PK
- 10:00 Fresenius Medical Care | Heidelberg Materials BI-PK
- 11:00 Hamborner Reit Analyst and Press Conference | Uniper BI-PK
- 14:00 Fresenius Medical Care | Heidelberg Materials | Flatexdegiro Analyst Conference
- 18:00 ASM International annual figures
- 22:00 Alcon annual figures
Economic data
08:00 DE: GDP (2nd release) 4Q calendar and seasonally adjusted yoy FORECAST: -0.2% yoy 1st release: -0.2% yoy 3rd quarter: +0.1% yoy calendar adjusted yoy FORECAST: -0.2% yoy 1st release: -0.2% yoy 3rd quarter: -0.3% yoy
08:00 DE: Main construction sector, new orders and sales December
08:00 DE: Maastricht ratio (government revenue and expenditure) 2024
11:00 EU: ECB wage index
11:00 DE: Governing Council member Nagel, press conference on the presentation of the Bundesbank Annual Report 2024
11:00 DE: Deutsche Bundesbank, Balance sheet press conference with President Nagel
14:00 UK: ECB Director Schnabel, speech at conference on "The Future of the Central Bank Balance Sheet"
14:00 HU: Hungarian Central Bank results of the Monetary Policy Council
16:00 US: Consumer Confidence Index February FORECAST: 102.4 previous: 104.1
17:45 US: Fed Governor Barr, speech at "Yale Program on Financial Stability" event
19:00 US: Fed Richmond President Barkin, speech at the Rotary Club of Richmond
