ROUNDUP: DHL cautious about the new year - shares at the bottom of the Dax

BONN - The logistics group DHL is not ruling out a further decline in profits for 2024. A broad economic recovery is still a long way off, as the company announced in Bonn on Wednesday. Only for the second half of the decade does CEO Tobias Meyer expect, in the best-case scenario, a result close to the record level of 2022. Despite a surprisingly significant drop in profits last year, shareholders are to receive an unchanged dividend. The Board of Management also intends to extend and increase the share buyback program. The DHL share nevertheless fell after the news.

ROUNDUP: Symrise wants to increase operating margin - share in demand

HOLZMINDEN - The fragrance and flavor manufacturer Symrise wants to become more profitable again in 2024. Last year, a reduction in inventories on the customer side, negative currency effects and the consequences of fire damage at a US plant weighed on the DAX-listed company. Inventories also had to be devalued due to lower raw material prices. The company is now focusing on further growth above that of the end market. Savings are also to be made. The annual figures and the targets for 2024 were generally well received on the stock market.

ROUNDUP: Flight attendants vote in favor of strike at Lufthansa

MÖRFELDEN-WALLDORF - Lufthansa passengers must expect strikes by another professional group. Shortly before the start of the fifth wave of Verdi warning strikes on the ground, the flight attendants voted in favor of strikes with a clear majority of more than 96 percent on Wednesday. This was the result of the strike ballots at Lufthansa and its regional subsidiary Lufthansa Cityline, as announced by the Ufo union in Morfelden-Walldorf near Frankfurt on Wednesday.

Hypoport bets on recovery of the real estate market

BERLIN - The financial services provider Hypoport expects a recovery in 2024 following the slump in real estate lending. "Depending on the further normalization of the private real estate financing market over the course of the year", a percentage

LBBW generates billions in profit - and plans to do more in 2024

STUTTGART - Landesbank Baden-Württemberg (LBBW) more than doubled its pre-tax profit last year, thanks in part to higher interest rates. Consolidated profit before tax amounted to EUR 1.37 billion - 52 percent higher than the comparable figure for 2022, as the bank announced in Stuttgart on Wednesday. Accordingly, all divisions contributed to the result with triple-digit million euro contributions. The bottom line was 996 million euros.

ROUNDUP: Cooperative banks increase profits significantly

FRANKFURT - Germany's cooperative banks benefited from higher interest rates in 2023 and earned more overall than in the previous year. Pre-tax profit climbed by almost 6.2 billion euros to around 10.7 billion euros, as the Federal Association of German Cooperative Banks (BVR) announced on Wednesday. The surplus of the 697 (previous year: 737) institutions was also up on the previous year at around 3.5 (3.3) billion euros, despite a higher tax burden and significantly higher reserves for general risks, according to preliminary figures.

ROUNDUP: Power outage at Tesla triggers debate about infrastructure protection

BERLIN/GRÜNHEIDE - The suspected attack on the power supply at the Tesla car factory in Grünheide near Berlin has triggered a debate about better protection for sensitive infrastructure in Germany. "Politics and business must work together to ensure the security of grids and critical facilities," said Martin Wansleben, Managing Director of the German Chamber of Industry and Commerce (DIHK), on Wednesday. The German government must finally push ahead with legal regulations in this regard.

Market researchers: Huawei's success in China also slows iPhone sales

BOSTON - With the success of its new Mate 60 smartphone, the Huawei Group is taking market share from Apple's iPhone, among others, in China. According to calculations by the analysis firm Counterpoint Research, Huawei sold 64 percent more smartphones in the first six weeks of this year than in the same period last year. In contrast, iPhone sales were 24 percent lower.

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Further news

-IPO/dermatology group Galderma wants to go public on the Swiss stock exchange

-Circles: More than 20 interested parties for rail logistics subsidiary DB Schenker

-Railway: Timetable not to return to normal until Saturday due to strike

-Vice Chancellor Habeck condemns Tesla attack

-ROUNDUP 2: Strike - Passengers cannot get into Frankfurt Airport

-Court of Justice: Claim for reimbursement in the event of corona-related hotel closures

-Bonus for VW tariff employees increases - 4735 euros for 2023

-Verdi: Restrictions for Postbank customers due to warning strikes°

Customer note:

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

/stk