Aug 5, 05:41 AM

Deutsche Post and Infineon Top Profit Forecasts as Continental Stumbles

Several major European companies delivered mixed earnings on Tuesday, offering a snapshot of corporate conditions midway through the year. Logistics group Deutsche Post DHL reported second-quarter revenue of €19.83 billion, falling short of analysts’ €20.97 billion forecast, but its €1.43 billion operating profit exceeded expectations. The company reaffirmed full-year targets for at least €6 billion in EBIT and roughly €3 billion in free cash flow. Chipmaker Infineon Technologies posted third-quarter revenue of €3.70 billion, narrowly missing consensus, yet boosted profitability. Segment profit reached €668 million, giving an 18% margin versus 15.9% expected. Management kept full-year revenue guidance of about €14.6 billion, noting tariff-related uncertainty will likely leave current-quarter sales broadly flat. Auto-parts supplier Continental missed second-quarter estimates with €9.6 billion in sales and €597 million in adjusted EBIT, yielding a 6.2% margin. The company confirmed plans to spin off its automotive division in an initial public offering scheduled for 18 September. Staffing firm Adecco beat forecasts, generating €5.78 billion in second-quarter revenue and €58 million in net income, up 8% year on year. Adjusted EBITA reached €141 million, also ahead of estimates.

#Deutsche Post DHL #EBIT #Infineon Technologies #Continental #Adecco

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Deutsche Post and Infineon Top Profit Forecasts as Continental Stumbles

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