ROUNDUP/Lanxess: Falling prices depress sales – results improved
COLOGNE – The chemical company Lanxess experienced a certain recovery in demand in the second quarter. The plants were again better utilized than before. This, as well as the ongoing savings program, led to a significant improvement in results. Overall, the quarter was stronger than previously expected. However, CEO Matthias Zachert warned against too much euphoria: “Even if we see a slight recovery in individual markets, a broad-based recovery is still not in sight,” he commented on the final figures presented on Friday. The group had already presented surprisingly strong key figures in July.
ROUNDUP: Jenoptik increases sales and profit in the quarter – annual targets confirmed
JENA – The technology group Jenoptik earned more in the second quarter thanks to higher demand in Europe. The company performed better than experts expected. “After a cautious start to the year, demand improved in the second quarter,” said company boss Stefan Traeger on Friday, according to a statement in Jena. The demand dynamic should continue in the second half of the year due to a strong positioning in the core markets and a strong customer base. He confirmed the targets for the year as a whole. The quarterly results were well received on the stock market.
ROUNDUP 2: LEG Immobilien makes less loss and increases profit target for 2024
DÜSSELDORF – The real estate group LEG made a loss again in the second quarter. However, the deficit was significantly smaller than a year ago. “We notice that the markets are recovering significantly,” said company boss Lars von Lackum on Friday. The devaluation cycle is coming to an end in the foreseeable future and management sees a revival in the transaction market. The manager expects the markets to stabilize in the second half of the year. He raised the profit forecast for the year as a whole.
ROUNDUP: Sluggish economy weighs on Jungheinrich – annual forecast confirmed
HAMBURG – As expected, business at forklift manufacturer Jungheinrich was weaker in the second quarter. Although Jungheinrich was not able to fully compensate for the higher costs caused by wage agreements and the increase in personnel, overall it performed somewhat better than analysts had feared. The continued weak development of the German economy was noticeable in the first six months, said company boss Lars Brzoska on Friday in a statement in Hamburg. He confirmed the annual targets. The share price rose.
RTL Group targets operating profit of around one billion euros in 2026
LUXEMBOURG – RTL Group CEO Thomas Rabe wants operating profits to approach the billion mark in two years. He can imagine that earnings before interest, taxes and goodwill amortization (EBITDA) adjusted for special effects will rise to around one billion euros, the manager said in a telephone conference on Friday in Luxembourg.
Streaming and recovery of television revenues drive RTL Group
LUXEMBOURG/COLOGNE – Higher sales from TV advertising and streaming drove the RTL Group in the first half of the year. Compared to the previous year, total sales rose by 1.8 percent to almost 2.9 billion euros, as the MDax-listed media group announced in Cologne on Friday. This meant that ProSiebenSat.1’s competitor in the streaming segment again benefited from a significant increase in subscribers and a sharp rise in revenue. Sales from the Fremantle production business, on the other hand, fell. The RTL Group attributed this to timing effects.
Bechtle earns less – CEO optimistic after forecast reduction
NECKARSULM – IT service provider Bechtle made less profit in the second quarter due to the tense economic situation. Earnings after taxes fell by almost ten percent to 59.7 million euros compared to the same period last year, as the MDax company announced on Friday in Neckarsulm. Demand from medium-sized companies was lacking throughout the quarter and especially in June, said CEO Thomas Olemotz. “In addition, public sector customers in Germany were still unusually cautious as a result of the long budget debate,” he added.
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