Germany: Weekly Earnings Summary 15. August
Germany's DAX 40 index rose 0.44% last week, while the earnings season showed clear divergence. Some industrial companies surprised positively and raised their forecasts, whereas other sectors, such as utilities and travel, showed slowing growth or weaker-than-expected results.
TKAThyssenKrupp (TKA)
ThyssenKrupp reported a strong 18.1% growth in operating profit and returned to sales growth, prompting the company to raise its profit forecast. The success was primarily driven by large orders from Canada and Germany in the shipbuilding division. Although the automotive segment showed weakness, the results were strong enough to win investor confidence. The stock ended the week with a 7.47% gain.
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