dpa-AFX overview: HELP from September 27, 2024 – 3:15 p.m.

ROUNDUP: Automotive crisis hits Hella – shares under pressure

LIPPSTADT – The difficult situation in the car industry is hampering the business plans of the headlight manufacturer Hella . Especially since the middle of the year, the general conditions have worsened than expected, explained the head of the company Bernard Schäferbarthold on Thursday evening in Lippstadt. It expects lower sales and operating profit than recently and has cut its forecasts for this year. The news was not well received on the stock market on Friday.

ROUNDUP: Mutares faces charges of short sellers – CEO extended

MUNICH – the investment company Mutares extended the contract with its CEO early in the middle of a dispute with a short stock seller. The contract with Robin Laik, who is also the founder and main shareholder of the company, will run for another five years until the end of 2029, the company announced on Friday. In addition, Mutares rejected the hedge fund and short seller Gotham City’s allegations about the company’s accounting in a detailed statement. The exchange rate of Mutares decreased to tala.

Borussia Dortmund expects lower sales and profits in 2024/2025

DORTMUND – Bundesliga soccer team Borussia Dortmund (BVB)
After the second highest annual profit in its history, the company may have to cook smaller rolls. For the current financial year 2024/2025, the management expects a profit of 5 to 15 million euros, so in the SDax.
listed companies announced on Friday in Dortmund. In the financial year 2023/24, the surplus rose to 44.3 million euros. After several zero cycles, shareholders should now receive a dividend again.

Schaeffler with a change in the financial sector in the new year

HERZOGENAURACH – Schaeffler as part of the upcoming merger with electric drive specialist Vitesco
reorganize its board of directors. Christophe Hannequin (48) will take over as CFO no later than October 1, 2025, as Schaeffler announced on Friday. His predecessor, Claus Bauer, will fulfill his contract until the end of the term on 31 August 2025.

ROUNDUP: Baywa must write off 222 million euros

MUNICH – The ailing agricultural company Baywa they have to correct the value of investments down and write off 222 million euros. This is the result of value studies on the fixed assets, as announced by the company. The largest part of this so-called impairment test, 171.5 million euros, was due to the 51 percent interest in Baywa re, which combines the renewable energy business.

More news

-LBBW combines commercial real estate financing

-Lithuania wants to buy Leopard main battle tanks

– Auto supplier ZF lowers sales forecast again

-ROUNDUP: Hurricane ‘Helene’ is ravaging the east coast of the USA – reports of deaths

-The Shipping Association recommends consultations on a global CO2 tax

Gambling pioneer Gauselmann is retiring after 67 years

-Swiss railway chief: Suffering from passengers in Germany

-Nabu warns against weakening the protection of species

– Environmental associations: CO2 storage slows down the energy transfer

-Law against dealing in ‘junk buildings’

-ROUNDUP / Fewer TV and radio programs: What the broadcasting reform would mean

– Help for balcony power plants – Federal Council approves changes °

Customer note:

ROUNDUP: You read a summary in the overview of the company. There are several reports on this topic on the dpa-AFX news service.

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AXC0181 2024-09-27/15:20

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