expands and renews its aircraft fleet. DHL Express, which is responsible for the express transport of documents and consignments such as medicines within the Group, has ordered nine Boeing B777-200LR freighter aircraft from Jetran that have been converted by Mammoth Freighters.
Sartorius
recorded a stronger decline in sales and profit in the first quarter of 2023 than the market expected. After the pandemic-driven business with vaccine manufacturers and customer inventory build-up increased growth in recent years, demand continued to normalize at the beginning of the year. The group, which is listed in the TecDAX and DAX, confirmed the forecast.
limit
takes a 25 percent stake plus one vote in Miete24 P4Y GmbH, an online platform for rental devices such as printers and other hardware devices, but also smartphones, copiers, fully automatic coffee machines, air purifiers and document shredders.
Hawesko
earned less in the first quarter despite sales growth. According to the preliminary results, Hawesko’s sales of around 153 million euros are 2.3 percent above the previous year’s level, the wine merchant announced.
Sweet Microtec
The CFO of Progress-Werk Oberkirch, Cornelia Ballwießer, is moving to Süss Microtec SE in the same position. The supervisory board of the plant manufacturer appointed Ballwießer for three years on July 1st. She will succeed Oliver Albrecht, who will leave the board of his own volition on April 30 when his contract expires, as the company in Garching near Munich announced.
To the Rose
adjusted for exchange rate effects, made 11.8 percent less sales in the first quarter and confirmed the forecast for the year as a whole. The online pharmacy has focused on profitability, the company said. As expected, this pushed external sales down to CHF 424.1 million.
Nestle
A group of Nestle investors are increasing pressure on the food maker to increase the proportion of sales of healthy products in its overall portfolio ahead of Thursday’s annual general meeting.
Nokia
earned less in the first quarter on rising sales and missed market expectations for earnings. However, the Finnish telecom equipment maker reiterated its guidance for 2023: “We remain on track to achieve another year of growth in 2023, so our outlook remains unchanged,” said CEO Pekka Lundmark. Nokia assumes that profitability will be stronger in the second half of the year than in the first.
relax
grew in all major business areas in the first quarter and confirmed its guidance for the full year. The FTSE 100-listed information and analytics company expects full-year adjusted growth rates in revenue and operating income to remain above historical trends, as previously announced. This should translate into currency-neutral growth in adjusted earnings per share.
Renault
increased its revenue in the first quarter thanks to strong pricing power and higher sales, and confirmed its outlook for the year. The French automaker said sales reached 11.5 billion euros, compared to 8.85 billion euros in the same period last year. In the first three months of 2023, Renault sold 535,000 vehicles worldwide, 14 percent more than a year earlier.
Seagate
pays $300 million for violating export restrictions. As the US Department of Commerce announced, the provider of data storage systems continued to sell hard drives to Huawei despite the tightened export controls in 2020.
Volvo
delivered significantly more vehicles in the first quarter thanks to a better supply of components and recorded a real boom in orders. As announced by Volvo AB, incoming orders rose by 32 percent.
Bed Bath & Beyond
is on the verge of bankruptcy. The company is already preparing to file for bankruptcy next weekend, sources said. Because of the falling share price, it is almost impossible for Bed Bath & Beyond to raise enough capital to avoid insolvency.
TSMC
earned slightly more in the first quarter compared to the same quarter of the previous year thanks to higher sales and exceeded market expectations. However, compared to the previous quarter, Taiwan Semiconductor Manufacturing Co recorded a slump in profits.
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(END) Dow Jones Newswires
April 20, 2023 07:19 ET (11:19 GMT)