Many German companies are currently correcting their forecasts – both upwards and downwards.
–
(Photo: Fresenius, BASF, dpa)
–
–
–
–
Düsseldorf On Tuesday, the division of the German economy became apparent within a few minutes. First, wind turbine maker Siemens Gamesa scaled back its revenue and profitability targets. Shortly thereafter, the manufacturer of fragrances and flavorings Symrise raised its sales forecast.
The two groups are thus examples of the two opposing trends in the German economy. On the one hand, rising prices and interest rates, expensive energy, recession concerns and ongoing supply chain problems are forcing more and more companies to cut their annual targets.
Companies from the Dax, MDax and SDax shocked their shareholders 26 times in the first half of the year with profit or sales warnings, including Adidas, Henkel, Fresenius and Covestro. According to calculations by the management consultancy EY, there were only eight in the first half of the previous year.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
–
Continue
–
–
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
–
Continue
–
–
–
–
- Tags: adidas, attachment, BASF, Bayer, Ceconomy, civil defence, Commerzbank, corporate profit, covestro, DAX, Dax companies, economy, energy prices, Evonik, EY, Fresenius, Fresenius Medical Care, Gerresheimer, handle, Heidelberg-Cement, Ifo Institute, IMF, investment tip stock, K+S, Linde, Lloyd table, Lloyd's table, MDAX, MediaMarktSaturn, Mercedes, Mercedes Benz, profit warnings, Puma, raised forecasts, RWE, Sanctions, SDAX, share, Siemens Gamesa, Symrise, Thyssen-Krupp
Related News
Imports of non-oil products from Oman increase by 50 percent chu
news, plants, vegetables, vegetable garden, growing, gardening
Covid special benefits end; Exiles return covid special benefit End
How can exercise improve your mental health?
shutdowns will be longer – Khmelnytsky news – Ukraine – tsn.ua
Eight killed in South Africa birthday party shooting
Misinformation about vaccines spawns a movement of “pure blood”
Recent News
Imports of non-oil products from Oman increase by 50 percent chu
news, plants, vegetables, vegetable garden, growing, gardening
Covid special benefits end; Exiles return covid special benefit End
Editor's Pick
Tags
