Datwyler reports solid profitability in extraordinary times

Despite a massive slump in the automotive and oil industry markets, Datwyler managed to limit the currency-adjusted decline in revenue for continuing operations to 5.2% in the first half of 2020. Thanks to early implementation of cost-saving measures, profitability was Read More

Metro sees rapid sales recovery in Q3 2019/20, reported EPS grows to €1.41 (PY €0.32)

. [[Previous year’s adjustment to continuing operations (without Real and METRO China) and due to full retrospective application of IFRS 16 (leasing agreements)] – Like-for-like sales decrease by -17.5% in Q3 2019/20 due to the effects of the COVID-19 pandemic Read More

Commerzbank generates profit for quarter in spite of corona – costs and capital on track

Underlying revenues in second quarter of 2020 increased to €2.3bn (Q2 2019: €2.1bn) – significant growth in net commission income Operating costs continue to fall to €1.53bn despite IT investments (Q2 2019: €1.58bn) Risk result at €-469m (Q2: 2019: €-178m) Read More

Schaeffler generates positive operating earnings in the 1st half of 2020 despite significant decline in revenue

. Revenue for 1st half of 2020 down 21.8 percent at constant currency due to coronavirus pandemic (prior year: 0.8 percent), second quarter shows gradual recovery, Greater China growth at 3 percent in 1st half of 2020 Operating earnings (EBIT Read More

RWE to strengthen its European renewables business with acquisition of 2.7 GW project pipeline

Nordex has selected RWE as exclusive bidder for the acquisition of its European onshore wind and solar development business / Purchase price of about €400 million Strategic enhancement adds to RWE’s existing 22 GW development pipeline Expansion of position in Read More

BASF Group: EBIT before special items declines in second quarter due to weaker demand as a result of the corona pandemic

. Q2 2020: Sales of €12.7 billion (minus 12%), mainly due to lower sales volumes resulting from lockdowns EBIT before special items of €226 million (minus 77%) Net income of minus €878 million due to a non-cash-effective impairment of the Read More