ROUNDUP 2: Daimler Truck expects surprisingly robust business - share rally

LEINFELDEN-ECHTERDINGEN - Commercial vehicle manufacturer Daimler Truck expects surprisingly good business in the new year in view of the bleak economic situation. Although unit sales are likely to be down on the previous year, which went well, operating profit at Group level will remain at the previous year's level. However, in view of the sluggish economy, high interest rates and a noticeable drop in orders, the management led by CEO Martin Daum has set itself significantly higher targets than experts had previously expected of the DAX-listed company. The share price climbed rapidly to a record high.

ROUNDUP/fewer new buildings: Saint Gobain's turnover and profit fall

COURBEVOIE - The French building materials group Saint Gobain suffered from the weakness of the new construction business in some markets last year. Sales and profits fell as a result. The dividend is nevertheless set to rise - but not as much as expected.

ROUNDUP/E-Cars prevent further record profit at Sixt, less dividend

PULLACH - The fall in the price of electric cars caused a slump in profits for car rental company Sixt last year. Revenue reached another record level. However, depreciation on e-vehicles and lower demand for electric cars caused profit before tax to fall significantly, as the company announced on Friday in Pullach near Munich. Co-CEO Alexander Sixt also expects earnings in 2024 to be below the record figure of 2022. Shareholders will now have to make do with a lower dividend.

ROUNDUP: Kuehne+Nagel with lower turnover after Corona boom - expansion in Asia

SCHINDELLEGI - As expected, the Swiss logistics group Kuehne+Nagel posted lower sales in the 2023 financial year following the end of the coronavirus boom. Net turnover slumped by 40 percent to 23.8 billion Swiss francs, as the company announced on Friday. The operating result (EBIT) halved to 1.9 billion francs, as did net profit to just under 1.5 billion francs. In its press release, the company nevertheless spoke of a good year-end result. It had gained market share in sea freight. Customers had ordered significantly less in the first half of 2023, said CEO Stefan Paul in Zurich. The second half of the year was better. "We can assume that the low point in volume has been passed," he said.


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-Volocopter may train pilots - type certificate still missing

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-Merck KGaA cuts up to 230 jobs in electronics division

-Flying cab company Volocopter receives green light for series production

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-Meta does not want to extend contracts with Australian media

-Musk sues ChatGPT developer OpenAI

-Short-term warning strike at Lufthansa subsidiary Austrian

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-Body Shop stores in Germany are not to close for the time being

-Bahn closes another important connection in the Ruhr area during the vacations

-Borussia Dortmund opens office in New York with many guests

-Frankfurt attracts significantly more tourists

-ROUNDUP: Network Agency presents billion-euro expansion plans for electricity highways

-Arcelor Mittal presses ahead with green restructuring after promise to meet demands

-Automotive supplier Eissmann files for insolvency for German companies

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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.