Latest news with #BaaderHelvea
Wall Street Journal
15-05-2025
- Business
- Wall Street Journal
Thyssenkrupp Shares Plunge on Expectations Miss
Shares in Thyssenkrupp TKA -10.20%decrease; red down pointing triangle plunged on Thursday after the German steel and industrial company posted second-quarter results that substantially missed expectations. In European morning trading, shares fell 9.5% to 8.54 euros. Thyssenkrupp's closely-watched adjusted earnings before interest and taxes came to 19 million euros ($21.2 million), dropping 90%. The figure also missed analysts' estimated 146 million euros, according to a company-compiled consensus. The company said that weak markets and high macroeconomic uncertainty weighed on its performance in the quarter, as expected. Sales for the period fell 5% to 8.58 billion euros, while orders contracted 6% to 8.08 billion euros, declining at all business units, excluding Marine Systems, it said. The company said management worked intensively on programs to improve productivity and reduce costs. 'However, this might still not be enough to fully counterbalance, especially the impact of the ongoing sluggish material markets,' Baader Helvea analyst Christian Obst said in a note to clients. The company backed its outlook for the fiscal year, but notes that it assumes the market environment ahead will remain challenging. Conditions should improve in the second half of the year, it said. Baader Helvea's Obst said that it looks challenging for the company to reach even the low end of the given guidance range. Net profit amounted to 155 million euros compared with a 78 million euro net loss the prior year's period. Write to Nina Kienle at
Irish Times
22-04-2025
- Business
- Irish Times
Aryzta shares dip from multiyear highs on Asian sales weakness
Shares in Aryzta pulled back from a 6½year high on Tuesday as the Swiss-Irish baked goods group reported a dip in sales across Asia and Australia, prompting some analysts to tweak their forecasts. The owner of the Cuisine de France brand in the Republic reported organic sales growth of 1.6 per cent in the first three months of the year. It saw 2 per cent growth across its main European markets partly offset by a 1.6 per cent decline across its so-called rest of world division, which comprises operations in southeast Asia, Australia and New Zealand – driven by less promotional activity by customers in the fast-food sector. The rest of world division accounts for only 10 per cent of group sales. READ MORE Baader Helvea analyst Andreas von Arx said he was reducing his earnings forecasts for Aryzta between this year and 2027 by 2-3 per cent per annum. He said the next few quarters would show whether the rest of world decline was down to one-time issues. Shares in Aryzta fell 3.2 per cent to 1.91 Swiss francs (€2.04) in Zurich, having closed last Thursday at SFr2, their highest level in 6½ years. 'Aryzta had a solid start to the year in line with our target to achieve low to mid-single digit organic growth this year,' said Aryzta's new chief executive, Michael Schai, who took on the role in January. 'This was achieved against a weak consumer sentiment and deteriorating macroeconomic environment. In addition, rest of world weakness from promotional activities' timing offset a strong performance in Europe.' Mr Schai said that while quarterly organic growth can vary, Aryzta is 'well positioned to grow over the medium and long term' as the market for the type of par-baked products the company produces continues to grow.
