DAX

Profit and Loss Check

P&L Check

Commerzbank has to protect its home turf

Commerzbank has avoided a foreign takeover and recovered from the 2008 crisis. But with Brexit bringing more competition, Germany’s second-largest bank will have to work even harder to stop rivals from taking its clients.

Promising Transition

For RWE shareholders, patience could be rewarded

German power provider RWE is going through another round of massive changes this year. It’s practically begging shareholders to stay along for the ride.

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US supply failure overshadows Henkel’s strong year

Henkel, the maker of Schwarzkopf shampoo and Loctite glue, was a solid financial performer in 2017. But the family-controlled company has become distracted by a North American misadventure.

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For Daimler, too many unanswered questions

Daimler's earnings may be climbing, but its share price has stagnated. Investors are nervous about legal risks, the cost of rolling out electric cars and its new Chinese shareholder.

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Siemens and the lessons for GE

The German maker of trains, gas turbines and medical scanners has overtaken its American rival in terms of profitability and growth. Siemens offers plenty of inspiration for GE’s new boss, John Flannery.

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Deutsche Telekom’s Costly US Success

T-Mobile US has surprisingly become a major source of growth for its German parent. But weak profits could still be a reason to sever the connection.

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Now or Never for Deutsche Bank

Deutsche Bank’s investors are running out of patience after years of disappointment. CEO John Cryan must deliver the recovery he’s pledged for so long.

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Deutsche Börse: Once Bitten, Twice Shy

Stung by the failed merger with London Stock Exchange, Deutsche Börse will shun mega-deals in the future. But business is still booming, with hopes to profit from growing trading volumes, US rate hikes and Brexit.

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Vonovia’s Growing Pains

With high property prices blocking further takeovers, Germany’s largest residential real-estate owner has to show it can keep growing earnings on its own.

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ProSiebenSat.1’s Thin Digital Margins

The broadcaster’s digital expansion to protect its advertisement business against Netflix and Facebook is pushing up revenue but profit growth is slow and won’t change any time soon.

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BASF Comes of Age

The chemical giant outperformed its competitors in a difficult year and is geared for an increase in revenue and profit in 2017.

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Adidas vs Nike in US Champion’s League

In an away match, the perennial number two in sportswear is taking on the number one.

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Fresenius Goes For High Debt, High Growth

Healthcare giant Fresenius is gearing up for acquisitions worth $2 billion. The high pace of expansion is likely to raise some questions among shareholders.

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FMC’s Road to Recovery

After three weak years, Fresenius Medical Care's focus on diversification has given the healthcare giant, a spinoff of the larger Fresenius, a clearer vision of the future.

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A shiny BMW, with scratches

BMW had a record year in 2016, yet Tesla and Mercedes still trumped the luxury carmaker in key markets. A model revamp can't come soon enough.

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Heidelberg Cement Buys Growth

The complicated takeover of Italcementi has yet to impact Heidelberg Cement’s bottom line. Promising developments in North America, however, give the company additional reasons for optimism.

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Linde: Better Off Together

The industrial-gas company Linde is lagging behind the US competition. Only a merger with Praxair, fiercely opposed by trade unionists, can close the gap.

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VW’s Exhaustive Cash Drain

VW has quickly rebounded back to profitability after Dieselgate emerged in 2015, but the emissions scandal is threatening the carmaker’s liquidity and may trigger new charges.

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SAP’s Costly Cloud Conversion

The software giant has mounds of cash and high dividends, but the reality is profit margins are weak. Investing in the “cloud” is its only hope.

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Debt Saps E.ON’s Power

E.ON wiped the slate clean with a record loss in 2016. If the utility giant can handle its debt load, there's hope for the future.

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Lufthansa’s Excess Luggage

Germany's flagship carrier has resolved a series of longstanding problems in the past year, but its costs remain too high to cope with growing competition.

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Deutsche Post Must Watch its Throne

Size matters in the mail business, and Germany’s Deutsche Post has been enjoying a comfortable lead as the world’s biggest player. But can they maintain it?

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Why Munich Re Must Re-form

The world’s largest reinsurer is one of Germany’s most profitable companies. But a steady erosion of its earnings is forcing Munich Re’s new CEO to fix a long list of problems.

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Commerzbank’s Plea for Patience

Commerzbank Chief Executive Martin Zielke’s calls for renewed restructuring after years in the doldrums are trying his shareholders’ patience.

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Merck Shopping Spree Boosts Growth

The world's oldest drug company has delivered solid growth through acquisitions, but needs to prove it can still expand once the tills stop ringing.

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Innogy keeps the lights on at RWE

RWE’s earnings are unlikely to improve because there’s no prospect of an increase in rock-bottom electricity prices. Fortunately, the power company can plug into its valuable green energy unit unit Innogy.

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Continental Keeps Investors Pleased with Strong Returns

When Continental CEO Elmar Degenhart speaks to shareholders on Friday, he’ll be able to report on another banner year for the tire and auto parts manufacturer.

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Bayer Still Has Convincing to Do

Is absorbing agrochemical behemoth Monsanto a good idea? At Bayer's annual meeting, the company's CEO still needs to convince skeptical investors why the biggest-ever German takeover is a good idea.

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How to reboot Allianz

Oliver Bäte is on a mission to modernize Munich-based Allianz and has unleashed the biggest restructuring in its 127-year history. With the insurance industry in major crisis, he'll need all the help he can get.

beiersdorf, maker of nivea, new ceo

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Beiersdorf’s Lone Blemish

The maker of Nivea cream has had another strong year with big profits, growing margins and a stable dividend. But it still has some work to do in its adhesive tape business.