Indices in this article
The Deutsche Bahn logistics subsidiary DB Schenker purchases in Finland. In Finland, DB Schenker takes over the logistics partner Vhl Logistics Oy and its wholly-owned subsidiaries, known as Vhl Yhtit. The Finnish logistics group was founded in 1937 and offers national land transport in central and northern Finland. The parties have agreed not to disclose the purchase price.
Eckert & Ziegler increases annual profit forecast by around 20%
Eckert & Ziegler Strahlen- und Medizintechnik AG has raised its annual profit forecast by around 20 percent. According to preliminary evaluations, business development in the first half of the year was above expectations, announced the Berlin isotope specialist.
Thanks to Abertis, Hochtief increases profit – order backlog high
Hochtief significantly improved its result in the second quarter with the help of a positive contribution to earnings from toll road operations. The operating group profit rose on a comparable basis by 36 percent to 106.2 million euros. Analysts had expected an average of 98 million euros. That would have been 26 percent more than in the previous year.
Software manufacturer Nemetschek raises forecast
The software manufacturer Nemetschek has raised its forecast for the year after strong growth in the second quarter. Adjusted for currency effects, sales are now expected to grow in a range of 12 to 14 percent and the margin on consolidated operating earnings before interest, taxes, depreciation and amortization (EBITDA) should reach 30 to 32 percent. So far, the company, which is listed in the MDAX and TecDAX, had targeted at least high single-digit sales growth and an EBITDA margin of between 27 and 29 percent.
Siltronic invests more and lowers cash flow forecast
The wafer manufacturer Siltronic has lowered its cash flow forecast for the current year. The reason for this is the construction of a second 300 mm factory at the group’s location in Singapore, which the Supervisory Board nodded at its meeting today. As things stand, the project will require investments of around 2 billion euros by the end of 2024.
Tui extends EUR 4.7 billion credit lines with banks until summer 2024
The tourism group Tui has extended the maturity of its credit lines with banks totaling 4.7 billion euros by two years until summer 2024. This was agreed with the 19 private banks and the state funding bank KfW, and gives the group more time and flexibility in the market environment burdened by corona-related restrictions.
IPO / grill manufacturer Weber is aiming for a market value of over 8 billion dollars
Weber Inc. plans to place almost 49.6 million shares at a unit price between 15 and 17 US dollars when it goes public on Wall Street. This could bring the popular grill manufacturer to a market capitalization of over 8 billion dollars. In the middle of the price range, the company would accrue $ 712.5 million or $ 819.4 million if the subscribing banks were to acquire a further 7 million shares.
Gucci drives recovery at Kering in the first half of the year
The luxury goods group Kering significantly increased sales and profits in the first half of 2021. The main reason is the recovery of the main Gucci brand at pre-crisis level. The net profit of the French group shot from January to June to 1.48 billion euros from 272.6 million a year ago.
Merck’s Keytruda achieves primary endpoint in metastatic TNBC study
The humanized monoclonal antibody pembrolizumab from the US pharmaceutical company Merck has reached the primary endpoint in an important phase 3 study. The cancer therapeutic, marketed under the brand name Keytruda, was able to significantly improve the overall survival of patients with advanced so-called triple negative breast cancer (TNBC) in combination with chemotherapy compared to the control group, which was only treated with chemotherapy.
3M exceeds expectations in the second quarter and raises annual forecast
The US conglomerate 3M performed better than analysts expected in the second quarter of 2021 and raised its forecast for the year. Net income rose to $ 1.524 billion or $ 2.59 per share from $ 1.306 billion or 2.25 per share a year ago. Adjusted, earnings per share of $ 2.59 beat the factset consensus of $ 2.28.
Raytheon Technologies exceeds expectations in Q2
US conglomerate Raytheon Technologies exceeded market expectations in the second quarter thanks to the recovery in commercial aviation and a strong armaments business. In addition, the company from Waltham in the US state of Massachusetts raised the outlook. In pre-trading, Raytheon Technologies gain 1.3 percent.
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(END) Dow Jones Newswires
July 27, 2021 12:36 ET (16:36 GMT)
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