ROUNDUP: Hellofresh cancels medium-term targets - shares lose half their value

BERLIN - The cooking box mail order company Hellofresh is preparing for difficult years ahead. Customer reluctance is weighing on the MDax company's business. This is unlikely to change in the foreseeable future, and the Management Board is therefore abandoning its medium-term targets. The operating margin target previously set for 2025 is only likely to be achievable in the long term. "We will no longer publish our adjusted margin on a quarterly basis from the first quarter of 2024," said CFO Christian Gärtner in a conference call with analysts. Investors did not like the news at all. The Hellofresh share price slumped by 46 percent to 6.35 euros on Friday morning. In comparison: at the height of the coronavirus pandemic, it was almost 100 euros.

ROUNDUP 2: GDL strike ended - Deutsche Bahn invites union to new talks

BERLIN - Following the renewed strike by the train drivers' union GDL with nationwide rail service disruptions, Deutsche Bahn has made a new attempt to settle the wage dispute. The federally owned company offered the GDL a resumption of the aborted wage negotiations this Monday. There is a corresponding invitation to the GDL, said a company spokesperson in Berlin on Friday. The GDL will only accept the offer if Deutsche Bahn submits a new and improved wage offer, as the union announced. The union has set a deadline of 6 p.m. on Sunday.

Airbus delivers more commercial aircraft in February

TOULOUSE - The aircraft manufacturer Airbus delivered more airplanes in February than at the beginning of the year. The company announced on Thursday in Toulouse that 49 aircraft were handed over to 28 customers. In the current year, Airbus has thus delivered 79 aircraft. Gross orders amounted to two aircraft in February.

Strike continues: Lufthansa flights canceled

FRANKFURT - The continuing warning strikes by ground staff caused numerous flight cancellations at Lufthansa on Friday. Once again, only 10 to 20 percent of the originally planned flights will take place, a company spokesman said on Friday. This means that around 1000 flights will again be canceled, especially at the Munich and Frankfurt hubs.

Approval of Lilly's Alzheimer's drug could be delayed

INDIANAPOLS - The US drug manufacturer Lilly may have to wait even longer for approval of its Alzheimer's drug with the active ingredient Donanemab in the USA. The responsible US authorities are initially planning a hearing with external consultants, as the pharmaceutical company announced on Friday. The results of an important phase III study with the drug are to be discussed. According to the US Food and Drug Administration (FDA), the main focus will be on questions relating to the safety and efficacy of the therapy. Lilly shares were moderately weaker in pre-market US trading.

VW cancels ID.3 production in Wolfsburg

WOLFSBURG/ZWICKAU - Europe's largest car manufacturer Volkswagen is canceling the previously planned overflow production of the ID.3 electric model in Wolfsburg. The Group has decided to continue building the compact electric model exclusively in Saxony, a spokesman said in Wolfsburg on Friday. The start of assembly at the main plant planned for the summer had been canceled again. The "Braunschweiger Zeitung" had previously reported.

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Further news

-Aldi plans to open 800 new stores in the USA

-Network operator after Tesla attack: Security on electricity pylons increased

-ROUNDUP 2: Attorney General investigates after Tesla attack

-EnBW boss resigns after differences of opinion

-Tesla competitor Rivian delays billion-euro factory construction

-ROUNDUP: IG BCE defends itself against tire plant closures

-Survey: Investors still skeptical about AI in banking advice

-United plane loses wheel during take-off in San Francisco

-Fear of espionage: Traffic light politicians for a hard line against Huawei

Apple makes switch from iPhone to Android 2025 more user-friendly°

Customer tip:

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

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