ROUNDUP: Software provider Compugroup disappoints with final quarter - share price falls

KOBLENZ - The software provider Compugroup, which specializes in medical practices and hospitals, has disappointed with its business figures despite the prospect of further growth and more operating profit. In the final quarter, the Koblenz-based company suffered a severe setback in its day-to-day business and at the bottom line. Sales fell more sharply in the last three months than experts had already expected due to high comparative figures in the same period of the previous year. The Group also slipped into the red due to restructuring costs and a significant increase in personnel expenses. The share price fell sharply.

ROUNDUP 2: Teamviewer targets higher margin - market environment remains 'difficult'

GÖPPINGEN - The software provider Teamviewer wants to become more profitable again after a jump in profits last year. In the current economic situation, however, the company still has to cope with adversity. "The market environment is still not such that you have a tailwind - that is and remains difficult," said CEO Oliver Steil in an interview with the financial news agency dpa-AFX. In the past year, the company met its own forecast and the expectations of experts. The share price rose sharply in the morning, but was only able to partially maintain the very high gains.

ROUNDUP: Siemens Energy with growth - focus remains on wind power

MUNICH - The ailing energy technology group Siemens Energy has started the new fiscal year with growth. Business relating to gas, grids and industrial transformation developed well in the first three months. Although the wind power subsidiary Siemens Gamesa continued to report a loss, it was able to reduce this significantly. The management around CEO Christian Bruch continues to focus on the weakening wind power business.

ROUNDUP/Debt reduction: Sartorius sells shares - Stedim with capital increase

GÖTTINGEN/PARIS - The pharmaceutical and laboratory equipment supplier Sartorius has sold its own preference shares on the market with a volume of 200 million euros. Following the expensive takeover of the cell and gene therapy specialist Polyplus by its subsidiary Sartorius Stedim last year, the DAX-listed company wants to reduce its debt. In addition, the Gottingen-based company participated disproportionately in a billion-euro capital increase of the subsidiary Sartorius Stedim Biotech, which reduces the company's stake in the French company. Sartorius shares rose shortly after the start of trading on Wednesday, while those of its subsidiary fell.

ROUNDUP: High premiums continue to drive Hannover Re - share reaches record high

HANNOVER - Reinsurer Hannover Re believes it is on course for another record profit thanks to further premium increases. Net income should rise to at least 2.1 billion euros in 2024 as planned, CEO Jean-Jacques Henchoz confirmed in Hannover on Wednesday. The recent renewal of contracts with primary insurers such as Allianz and Generali gives him confidence. In the past year, Hannover Re benefited from a positive tax effect in Bermuda.

ROUNDUP: Jenoptik targets further growth for 2024 - share price drops

JENA - The technology group Jenoptik benefited above all from strong demand from the semiconductor industry in 2023. Revenue and operating result increased. CEO Stefan Traeger also expects profitable growth for the current year, as the MDax-listed company announced in Jena on Wednesday. He also believes Jenoptik is on course to achieve its targets for 2025. However, the Group's share price fell by 1.5 percent around midday.

Deutsche Pfandbriefbank fears for even more loans - profit target achieved

GARCHING - The real estate crisis left an even deeper mark on Deutsche Pfandbriefbank at the end of 2023. The Management Board significantly increased risk provisions for impending loan defaults in the fourth quarter, as the financier of commercial real estate surprisingly announced on Wednesday in Garching near Munich. It was only in November that outgoing CEO Andreas Arndt slashed his profit target, mainly due to bad loans in the USA. According to preliminary figures, the bank now achieved a pre-tax profit of 90 million euros in 2023, which was at the lower end of the lowered target range.

ROUNDUP 2: Warning strike on the ground - Verdi largely paralyzes Lufthansa

FRANKFURT - With a warning strike by ground staff at five locations, the trade union Verdi has severely affected Lufthansa's flight operations. Of the more than 1000 flights originally planned, up to 90 percent were canceled on Wednesday. According to Lufthansa, more than 100,000 passengers had to change their plans.


Further news

-PCA: Chinese car market picks up strongly - New Year not until February

-ROUNDUP: German government raises over 2 billion euros with sale of Post shares

-ROUNDUP: Dip in orders at Heidelberger Druckmaschinen - short-time working

-ROUNDUP: Metro grows - but earns less operationally

-ROUNDUP/Following slump in demand: Qiagen expects moderate growth

-Concert organizer CTS Eventim exceeds its own targets for 2023


-Heidelberg Druckmaschinen earns more operationally - sales fall

-Amgen increases quarterly sales strongly - continuation expected in 2024

-ROUNDUP: Snapchat disappoints again - Share price collapses

-Vestas returns to the profit zone - Further recovery expected

-Energy group Totalenergies disappoints in the final quarter - Dividend increases

-Tesla plant manager promotes clearing in Grünheide

-Miele cuts 2000 jobs worldwide and relocates to Poland

-IPO/ROUNDUP: Shares in tank supplier Renk traded on the stock exchange for the first time

-Accident investigators: Fasteners were missing in Boeing incident

-China wants to support e-car manufacturers in global trade

-Buschmann: Supply chain law poses too great a risk for Germany

-Federal Cabinet adopts international digital strategy

-Air traffic in Germany lags behind developments in Europe

-ROUNDUP: Ryanair wins again in dispute over coronavirus aid for competitors

-Works Council: Overall package for Ford Saarlouis unique

-BVB full-back Meunier moves to Trabzonspor

-Bicycle industry cautious about new season

-Former board member Müller on VW diesel affair: 'I was unfamiliar with the subject'

-Bosch grows despite economic headwinds

-Cabinet adopts rules for solvency assessment

-IW: Carnival generates turnover of more than 1.7 billion euros

-ROUNDUP: Tens of thousands are still complaining about mail

-ROUNDUP: KfW expands claim in construction and housing°

Customer note:

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