ZURICH, Aug 4 Reuters Swisscom stuck to its 2022 outlook on Thursday after secondquarter net profit lagged market expectations. Secondquarter consolidated operating income before depreciation and amortisation EBITDA fell to 1.05 billion Swiss francs 1.09 billion on revenue of 2.73 billion. Net income attributable to shareholders fell to 337 million francs. The market had expected quarterly […]

Q2 adjusted EBITDA up 13 at forecastbeating 1.78 bln euros Not counting currency gains, profit growth was only 3.2 Cost inflation not fully reflected in price markups Aug 4 Reuters Germany39;s Merck KGaA saw adjusted earnings rise 13.1 in the second quarter as higher revenues from its biotech lab equipment and its chemicals for semiconductor production […]

BERLIN, Aug 3 Reuters U.S.German medical device maker Siemens Healthineers reported a dip in its thirdquarter earnings on Wednesday, as revenue from rapid COVID19 antigen tests dropped and COVID19 lockdowns in China took their toll on business. Net income fell 8 year on year to 364 million euros 370 million, the company said. Analysts had expected […]

BERLIN, Aug 4 Reuters Austria39;s Voestalpine warned on Thursday that it expected a significant cooling of the economy in the second half of its fiscal year and said its earnings guidance depended on Europe continuing to receive sufficient supplies of natural gas. The group last month said it expected to reach the upper end of its […]

Q2 profits beat consensus Record activity in CIB Shares lead European banks in morning trading PARIS, Aug 4 Reuters French banking group Credit Agricole39;s shares rose sharply on Thursday after it joined rivals BNP Paribas and Societe Generale in announcing betterthanexpected quarterly profits driven by buoyant investment banking. Net income was 1.98 billion euros 2 billion, a figure […]

HONG KONG, Aug 4 Reuters CK Hutchison, the portstotelecoms arm of retired billionaire Li Kashing, said on Thursday its net profit in the first six months rose 4.3, helped by high energy prices, steady contributions from infrastructure businesses. Profit rose to HK19.09 billion 2.43 billion from HK18.3 billion a year earlier, after accounting adjustments. The […]