ROUNDUP: Lufthansa achieves best quarter since Air Berlin bankruptcy - MDax tops list

FRANKFURT - The return of the travel bug and expensive tickets gave Lufthansa the second-best quarter in its history in the summer. In the months from July to September, it posted an operating profit (adjusted EBIT) of almost 1.5 billion euros, almost a third more than a year earlier. Only around the time of the Air Berlin bankruptcy six years ago had the Group earned more in day-to-day business. CEO Carsten Spohr now sees Lufthansa further on course for an annual operating profit of at least 2.6 billion euros - although the kerosene bill is likely to be higher than previously thought.

ROUNDUP: Novo Nordisk earns significantly more - weight loss products in strong demand

BAGSVAERD - A flourishing business with diabetes and anti-obesity drugs has given pharmaceutical manufacturer Novo Nordisk significantly higher profits in the third quarter. Net income rose 56 percent year-on-year to 22.5 billion Danish kroner (about three billion euros), the company said Thursday in Bagsvaerd. That was more than analysts had expected. The stock was still up 1.6 percent in the late morning, having risen more than three percent earlier. The company had already announced its first key figures for the third quarter in mid-October and raised its forecast for the full year.

ROUNDUP: Pharmaceutical company Eli Lilly flourishes - but takeover tour costs profit

INDIANAPOLIS - Pharmaceutical company Eli Lilly and Company continues to grow rapidly. In the past quarter, the manufacturer was again able to rely on its key drivers, which include the diabetes drug Mounjaro, which is currently in the spotlight. On the other hand, high charges in connection with the recent acquisitions impacted the Group's results. The Group thus performed better than expected. Shares rose almost seven percent in early trading. The fact that management lowered its profit target and that the approval of the Alzheimer's drug Donanemab will take longer was less important for investors for the time being.

ROUNDUP 2: Fresenius makes progress with restructuring - decision on dividend open

BAD HOMBURG - The Fresenius Group is making progress with its restructuring. Sales and operating income increased in the third quarter, the ailing DAX-listed company reported in Bad Homburg on Thursday. Germany's largest hospital company Helios and Kabi, a subsidiary specializing in copycat drugs, earned more than a year ago. Management raised its earnings outlook. Meanwhile, a decision on whether Fresenius will have to forgo dividends because of government energy subsidies is pending. On the stock exchange, the share price rose sharply, although the group slipped into the red due to a valuation effect on the bottom line.

ROUNDUP: Zalando partially cuts annual targets - share loses

BERLIN - Online fashion retailer Zalando is struggling with continued weak demand as a result of high inflation. Consumers continue to spend less money on clothes, plus September was too warm, so interest in fall and winter clothing has been tepid so far. Therefore, the Berlin-based company surprisingly adjusted its annual targets on Wednesday evening. Management is becoming more pessimistic about sales and gross merchandise volume. However, the forecast for the adjusted operating result (Ebit) is to remain the same.

Deutsche Telekom to pay significantly higher dividend - announces share buy-back

BONN - Deutsche Telekom has announced a share buyback worth billions and a significantly higher dividend. The company, which is listed on the Dax, announced in Bonn on Thursday that it will buy back its own shares for up to two billion euros next year. After paying a dividend of 70 cents per share for 2022, the Board of Management also plans to pay Deutsche Telekom shareholders 77 cents per share. That is as much as analysts had expected on average.

ROUNDUP: Scout24 profits jump thanks to Sprengnetter takeover - share high

MUNICH - Strict cost control and the acquisition of the Sprengnetter Group are paying off for Internet portal operator Scout24. In the third quarter, the MDax company significantly increased revenue and adjusted operating profit, as it announced in Munich on Thursday. "The organizational adjustments we implemented at the beginning of the year are having an effect," said Group CEO Tobias Hartmann, according to the statement. The Board of Management had already adjusted the annual targets the previous evening. The forecast adjustment and the surprisingly good results caused joy among shareholders: in morning trading, Scout24 shares gained a good 6.2 percent.

ROUNDUP: Shell earns more and announces further share buybacks - share price up

LONDON - Oil and gas multinational Shell has benefited from higher refining margins and high oil prices in the third quarter. The surplus had more than doubled compared to the second quarter with a good seven billion U.S. dollars (6.6 billion euros), the group announced in London on Thursday. A year earlier, the group had earned $6.7 billion. The company also announced further share buybacks. Investors were pleased.

ROUNDUP: Major bank ING dampens euphoria after jump in profits - share loses ground

AMSTERDAM - The sharp rise in interest rates brought the Dutch major bank ING a sharp jump in profits in the summer. With almost two billion euros, the surplus in the third quarter was more than twice as high as a year earlier, as the parent company of the German direct bank of the same name announced on Thursday in Amsterdam. But Group CEO Steven van Rijswijk warns that the fat interest profits won't quite continue. Given its thick financial cushion, however, ING is buying back even more of its own shares from the market. Investors take little comfort from this.

Ferrari looks even more optimistic about annual profits - share rises

MARANELLO - Luxury sports car maker Ferrari has again raised its profit outlook after the third quarter. The Italians now expect earnings before interest, taxes, depreciation and amortization (Ebitda) of at least 2.25 billion euros, adjusted for special effects, as they announced in Maranello on Thursday. Most recently, Ferrari CEO Benedetto Vigna had assumed 2.19 to 2.22 billion euros. Analysts had on average the now targeted minimum value on the note. In terms of sales, the management is also calculating slightly more, now at 5.9 billion euros instead of 5.8 billion. The Milan-listed share price rose 2.3 percent after the announcement. This means that the stock has already gained almost half of its value this year.

Adesso lowers annual target for operating profit

DORTMUND - IT services provider Adesso is becoming more cautious for 2023 after a surprisingly sluggish operating performance in the third quarter. Earnings before interest, taxes, depreciation and amortization (Ebitda) are now expected to be in the range of 70 to 90 million euros, the company announced in Dortmund on Thursday when presenting preliminary figures. Previously, management had targeted 100 to 110 million euros. "Despite the positive development in the core IT services business, the third quarter delivered a lower contribution to earnings than originally expected, especially as additional expenses were booked as part of two major fixed-price projects and license revenue fell short of expectations," it said. The stock gave up some of its gains in the afternoon.

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

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