ROUNDUP: Corona crisis depresses VW sales – hope
Economic stimulus package in China
WOLFSBURG / BEIJING – The corona pandemic has the business of VW
Group hit hard in the first quarter. To
the largest reported significant losses as early as February
Car manufacturers in the world also for March and the entire first
Quarterly significant declines due to dwindling demand
and the massive bottlenecks in production. The deliveries
decreased by 23 in the period from January to March compared to the previous year
Percent to a good two million vehicles. Like Volkswagen
announced on Friday in Wolfsburg, it went above all
in the past month down – the group brands were 37.6
Percent less cars going than in March 2019.
ROUNDUP: Galeria Karstadt Kaufhof complains about opening of the branches in
NRW
ESSEN / MÜNSTER – The Essen department store chain Galeria Karstadt Kaufhof
has filed a lawsuit against the special rules of the state of North Rhine-Westphalia in
of the corona crisis. The company turns into one
Urgent proceedings against the Corona Protection Ordinance, said
Higher administrative court of the state on Friday in Münster. The
Land has an opportunity to take a position on this. A decision
according to the court, should no longer fall this week.
ProSiebenSat.1 enters the podcast platform market
UNTERFÖHRING – ProSiebenSat.1 rises in the booming
Market of podcast platforms. Starts on Thursday (April 23)
the audio platform FYEO – “For Your Ears Only” like that
Media group announced on Friday in Unterföhring near Munich. There
Among other things, documentaries, news podcasts, discussions with experts are to be held
and cinema experiences, including many
In-house productions.
Corona crisis: sales of car supplier ElringKlinger collapse
DETTINGEN / ERMS – The automotive supplier ElringKlinger
is feeling the weak economy and the corona crisis. in the
In the first quarter, according to preliminary figures, revenues declined by ten
Percent back to 396 million euros, the company said
Dettingen / Erms announced on Friday. However, it climbed
operating profit to 16 million euros after 6.4 million euros in
Previous year’s quarter. Efforts to increase efficiency had an impact here
increase and save costs. Information on the bottom line
none were made. The complete quarterly report is scheduled for May 7
to be published.
Federal Maritime Coordinator for strengthening naval shipbuilding
BERLIN – The Federal Government advocates strengthening the
Naval shipbuilding in Germany. The construction of
Overwater naval vessels are a “national security and
defense technology key technology, “said
Federal Ministry of Economics on Friday with on request.
Procter & Gamble sticks to its profit target
CINCINNATI – The US consumer goods company Procter & Gamble
continues to expect one in the Corona crisis
Sales and profit growth. “The strong results we get in
delivered this quarter show that our products are one
play an integral role when it comes to everyday
To meet customer needs for health, hygiene and cleaning “,
CEO David Taylor said on Friday. The stock
increased by over two percent before the exchange.
OVERALL ROUNDUP: LVMH and L’Oreal hope for better business in China –
Course plus
PARIS – For the French luxury and cosmetics groups LVMH
and L’Oreal it could be due to virus
ailing China business may soon be up again
go. After sales of both companies in the first quarter
as expected, the companies gave in the frame
your number template on Thursday evening independently
some cause for hope. The shares were received on the stock exchange
fresh boost and continued to recover from their corona crash.
VIRUS: Block House founder accuses government of scaremongering
FRANKFURT / HAMBURG – Hamburg entrepreneur Eugen Block has the
German government heavily criticized for its corona policy. “The
Gentlemen have panicked fear, “he said
News magazine “Spiegel”. “I’m still waiting for you
long-announced Corona peak. They are still standing
Hospitals half empty, “complained the 79-year-old founder and
Majority shareholder of the Block House restaurant chain. “With the
Mr. Spahn would have his intensive departments
can double. No, he has to lock up all the people and that
Turn life upside down. “
VIRUS / circles: 20 large companies apply for help
Funds
BERLIN – To receive state aid through the Stabilization Fund of the
To get federal government, according to information
Coalition circles have received 20 requests from Dax – and
MDax Corporations. As the German press agency on
The federal government advised Friday of the circles
currently on a regulation, under what conditions exactly the
State can participate in companies if necessary.
Airbus uses Erfurt Airport to temporarily park aircraft
ERFURT – Erfurt-Weimar Airport has been operating as of this week
Alternative parking for brand new Airbus -Planes
used. Airplanes that the aviation group is parked in
produced his work Finkenwerder near Hamburg, but because of the
Coronavirus pandemic cannot deliver, said
Airport managing director Uwe Kotzian on Friday on request. Because of
In the pandemic, airlines currently have the most
Passenger flights set.
Porsche is bringing fewer cars to customers because of the Corona crisis
STUTTGART – After a good start to the year, the
Corona virus pandemic hit sports car maker Porsche in March
noticeably slowed down. The decline in sales in the first
Ultimately, however, the quarter was not as strong as feared.
Porsche delivered around 53,000 cars worldwide from January to the end of March
to the customers. That was five percent less than in the first
Quarter of 2018, as the carmaker announced in Stuttgart on Friday.
However, CEO Oliver Blume was recently one
Ten percent minus compared to the same quarter last year.
Swatch cuts dividend due to corona crisis by almost a third
BIEL – The slump in demand in the wake of the Corona crisis is forcing Swatch
for further measures. This is how the board of directors proposes
a reduction in the dividend before the Annual General Meeting. The hard of
Lockdown in trade and the tourism industry affected
The watch company thus protects its own liquidity. Instead of 8 francs
only CHF 5.50 should be distributed per bearer share,
as from the invitation to
Annual General Meeting emerges. Holders of registered shares receive pro
Share still CHF 1.10 instead of the previous one from the Board of Directors
requests 1.60 francs. The distribution is reduced overall
the Swatch Group by around 31 percent or almost 300 million
Franconia.
Additional Reports
-VIRUS: Merck KGaA donates disinfectants and
Respirators
-Production at Volvo in Sweden starts again from Monday
-DFL to pay the last TV rate: No contractual
agreement
-VIRUS: 1. FC Köln ‘not in existence’ – Please order
Waiver of repayment
-ROUNDUP: LVMH lowers dividend due to corona crisis – China hope
drives course
-VIRUS: Facebook doesn’t do any major events until the end of June
2021
-Roche-Diagnostics is working on test for the detection of
Corona antibodies
-ROUNDUP: Corona crisis depresses L’Oreal sales – experience in China
gives hope
-Editorial of ‘Süddeutscher Zeitung’ goes into short-time work
-VIRUS: Orange cuts dividend and retains half a billion euros
in the house
-VIRUS: Masks made of fabric for kimonos and jeans popular in Japan °
Customer notice:
ROUNDUP: You read a summary in the company overview.
There are several messages on this topic on the dpa-AFX
Intelligence service.
/ nas
AXC0254 2020-04-17 / 15:20
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