ROUNDUP 2: Carl Zeiss Meditec cuts outlook due to sluggish demand - share price slide

JENA - The medical technology group Carl Zeiss Meditec has lowered its forecasts due to an unexpectedly slow recovery in the device business. Business in April and May fell short of the previous year, as the MDax-listed company announced in Jena on Monday. Carl Zeiss is therefore now forecasting revenue of around 2 billion euros for the current financial year (until the end of September). The previous target was 2.1 to 2.15 billion. The operating result (EBIT) is expected to reach 215 to 265 million euros, well below the previous target of a comparable level to the previous year of a good 348 million euros. The share price collapsed.

Qiagen aims to increase profitability in the medium term

VENLO/NEW YORK - The diagnostics specialist and laboratory supplier Qiagen wants to grow faster and increase profitability in the coming years. The company is aiming for average annual growth of around seven percent at constant exchange rates until 2028, the DAX-listed company announced on Monday during a capital markets day. "We are sharpening our focus on a group of growth drivers," said CEO Thierry Bernard according to the press release. The company also announced its intention to return at least one billion US dollars to shareholders between 2024 and 2028.

Commercial vehicle supplier SAF-Holland confident of greater profitability

BESSENBACH - Commercial vehicle supplier SAF-Holland is likely to be more profitable in the current financial year than previously forecast. The margin before interest and taxes adjusted for special effects (adjusted EBIT margin) is expected to be around 10 percent, as the SDax-listed company announced in Bessenbach on Monday. SAF-Holland had previously targeted 9 to 9.5 percent. According to the company, analysts had previously expected an average of 9.3 percent. SAF-Holland still aims to achieve sales of around 2 billion euros. The share price rose in response to the news and was recently up 4 percent.

ROUNDUP: IG Metall wants 7 percent higher wages in the metal and electrical industry

FRANKFURT - IG Metall wants to demand significantly more money for the approximately 3.9 million employees in the German metal and electrical industry. In view of the persistently high price level, the union's executive board is recommending a 7 percent increase in wages for twelve months, as the union announced in Frankfurt on Monday. Training allowances are to be increased disproportionately by 170 euros.

ROUNDUP: United Internet records high charges due to dispute over Tele Columbus

MONTABAUR - The Internet and telecommunications group United Internet has posted a high charge on earnings due to a dispute over the cable group Tele Columbus. In its half-year report, the Group made a value adjustment of around 185 million euros on the shares in the investment holding Kublai, the main owner of Tele Columbus, United Internet announced on Friday evening. United Internet investors reacted indecisively to the news.

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Further news

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-ROUNDUP: UBS wants to put Credit Suisse's Greensill affair behind it

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-Major bank ING targets higher return on equity in the medium term

-Travel group Tui significantly increases its contingent after FTI bankruptcy

-Long-standing legal dispute could cost Lufthansa subsidiary AUA dearly

-Tank manufacturer KNDS presents new version of the Leopard 2 at arms fair

-AI to accept orders at McDonald's in the future

-Warning strike started in several ports - Rally from the 'Elphi'

-Israeli arms exports at a high in 2023 despite the Gaza war

-Head of network agency maintains obligation for nationwide cell phone network

-Environment Minister Lemke welcomes new EU nature conservation law

-Farmers' association criticizes vote for new EU nature conservation law

-EM 2024: England's kick-off cracks ten million mark

-Many companies in Germany continue to use the fax machine°

Customer tip:

ROUNDUP: You are reading a summary in the company overview. There are several reports on this topic on the dpa-AFX news service.

/jha