B&S Group has achieved a lower operating result (EBITDA) than expected. However, this is mainly due to problems in Asia such as the trade war between the United States and China and the ongoing protests in Hong Kong. The results are encouraging, according to analysts at ING. They also point to the expectation of the B&S board that the consequences of the outbreak of the new corona virus...
Sirin Labs with its Finney smartphone was a bright star of the Year of the Crypto. It managed to attract first-hand celebrities and multi-million investments. It wouldn’t be true to proclaim it as a total and utter success. In fact, it wasn’t designed to be broad-base phone for everyone. It has some market and is quite successful in its own niche. What’s more important is that...
The stock exchanges in New York closed considerably lower on Friday. Just like a day earlier, sentiment was again depressed by concerns about the new corona virus and the economic consequences of the ongoing outbreak. Investors also focused on, among other things, operating results such as those of tractor builder Deere. The Dow-Jones index closed 0.8 percent lower at 28,992.41 points. The broad...
Allianz closed last year with a higher profit than a year earlier. The German insurer sold more insurance policies and benefited from higher margins on investments at its life and health insurance division. In addition, the total assets that Allianz invests for other parties increased, resulting in higher fees. Turnover for 2019 rose by 7.6 percent on an annual basis to EUR 142.2 billion. Allianz...
The Spanish telecom group Telefónica suffered a loss in the fourth quarter of 2019 against a profit a year earlier. The company had to deal with, among other things, depreciation in Latin America and restructuring costs. The net loss amounted to 202 million euros against a profit of 610 million euros a year earlier. Turnover fell to 12.4 billion euros from 12.9 billion euros in the same period in...
The German sporting goods manufacturer Adidas has a lot of troubles in China due to the outbreak of the new corona virus. Many stores are closed and stores that are open receive fewer customers. Sales in China have fallen by 85 percent since the Chinese New Year. Adidas also sees weaker customer numbers in Japan and South Korea. The company plans to present more details about the impact of the...
Amsterdam-listed Alumexx, wants to pay extra attention to further growth in Germany in the first half of this year. The manufacturer of aluminum ladders for the do-it-yourself market reported this with its trade update. Alumexx cannot yet reveal the results for 2019, because the company has not yet been able to find a suitable accountant. Alumexx said it saw its turnover increase strongly on the...
AkzoNobel paint manufacturer intends to grow faster than the market every year between 2021 and 2023. The company announced this during an investor day. According to the plans, growth is at least equal to the market average. The return on sales must increase by 0.5 percent annually in the same period. CEO Thierry Vanlancker expects to achieve a return of between 14.5 and 15.5 percent for this...
The German wholesale company Metro has found a buyer for its ailing supermarket chain Real. A consortium of investors, including real estate investor X-Bricks, is interested. The parties are not putting any scraps under the purchase agreement and are still negotiating the details. With the deal, hypermarkets from Real, with 277 branches, have a price tag of 1 billion euros. Metro does not...
The stock exchanges in New York went trading with losses on Friday, ending an all-day series of earnings on Wall Street. Concerns about the economic impact of the new corona virus in China prevailed over a better-than-expected US job figure. At the companies, the Uber technology group was a striking climber. The Dow-Jones index ended 0.9 percent lower at 29,102.51 points. The broadly assembled...