Today, many German companies reported their profits, revenue and future expectations. Here are the main of them:
The German industrial group ThyssenKrupp AG (DE: TKAG), the largest steel producer in the country, reduced its net profit for the third quarter of fiscal year 2015/2016 (ended June 30) by 34.7% to 130 million euro compared with 199 million euro for same period last year. The index decline is attributed to the record exports of steel from China, which has a negative effect on prices.
Analysts surveyed by The Wall Street Journal, predicted the figure at 128 million euro.
The quarterly revenue of the Group decreased by 12% to 9.87 billion euro, and has been less than expected - 10.4 billion.
Adjusted EBIT, one of the most interesting for investors, has decreased in the last quarter by 18% - from 539 million to 441 million euro. The consensus forecast was 419 million euro.
The car manufacturer Audi increased its vehicle sales in July by 2.3 % due to the growing demand for the updated sedan A4, but the results were modest in comparison to those of competitors BMW and Mercedes-Benz.
The global sales of Audi rose 149 400 vehicles, including crossovers, against 146 073 units a year earlier, according to the automaker.
The German energy company RWE on Thursday reported a 7 % drop in operating profit in the first half of the year, which is worse than analysts' forecasts.
The operating loss of trading business was 156 million euro ($ 174.13 million) in the first half, making RWE worsen the outlook for the division. "The sudden loss of commercial business could cause another blow to sentiment," - said a trader based in Frankfurt.
RWE has left unchanged the forecast for the company as a whole, saying that it continues to expect operating profit to fall 2.8-3.1 billion euro and net profit adjusted to 0.5-0.7 billion euro.
Deutsche Telekom said on Thursday that its profit from operating activities increased by 8.6 % in the second quarter, as the results in the US offset major investments in upgrading networks in Germany.
Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of the telecommunications company, except specific balance sheet items, rose to 5.46 billion euro ($ 6.10 billion), almost coinciding with the average forecast of analysts polled by Reuters, to 5.45 billion euro.
The main catalyst for growth was the US subsidiary. It accounted for almost half of sales in the second quarter and nearly 40 % of operating profit.
The German manufacturer of products for the consumer market - Henkel improved annual forecast of profit margin, presenting quarterly results that beat analysts' expectations due to strong sales in emerging markets.
According to the report of Henkel, earnings before interest and taxes (EBIT), adjusted for one-off balance sheet items, rose in the second quarter by 6.6 % to 819 million euro, exceeding the average forecast of analysts polled by Reuters at the level of 786 million.
Henkel confirmed the forecast of growth of organic sales in 2016 at the level of 2-4 %.