Puma confirms annual targets - share price under pressure

HERZOGENAURACH - After concerns arose on the stock market on Thursday regarding the third quarter of sporting goods manufacturer Puma, the group confirmed its annual targets at midday. "We hereby confirm the outlook for the full year," a spokeswoman told financial news agency dpa-AFX in response to a query. Puma did not want to comment on the quarterly results due for publication on October 24 when asked. On the market, the strong downward pressure was justified by the fact that analysts' estimates are currently being dampened. The Puma share lost at times double-digit, the last time it was still eight percent in the minus.

ROUNDUP: SMA Solar raises outlook thanks to good business - share buoyant

NIESTETAL - Inverter manufacturer SMA Solar continues to benefit from the boom in solar installations and is raising its outlook for the full year thanks to good business in the third quarter. Thus, sales of 1.8 to 1.9 billion euros should be achieved in 2023, as the company from Niestetal in Hesse surprisingly announced on Wednesday after the close of the stock exchange on the basis of preliminary figures for the third quarter. Previously, the target had been 1.7 to 1.85 billion euros. Management now expects earnings before interest, taxes, depreciation and amortization to be 285 to 325 million euros, instead of 230 to 270 million previously. The shares rose sharply on Thursday.

ROUNDUP: Growth rate of Gerresheimer slows - forecast confirmed

DÜSSELDORF - Business at packaging manufacturer Gerresheimer weakened even more than expected in the third quarter (to the end of August) compared with the previous months. Sales and operating profit did not increase as much as analysts had estimated in advance compared to the same period last year. Sales rose by three percent to just under 488 million euros, as the MDax-listed company announced in Düsseldorf on Thursday. The key indicator of organic sales growth, which is important for the Group, was 5.5 percent. The stock came under significant pressure at the opening and traded at the bottom of the Mdax in early trading, down around 5 percent.

Redcare Pharmacy with strong growth

SEVENUM - The online pharmacy Redcare Pharmacy (formerly Shop Apotheke) grew significantly in the third quarter, thanks in part to an acquisition. Sales in the three months to the end of September climbed 67 percent year-on-year to 475 million euros, the MDax-listed company announced in Sevenum on Thursday, based on preliminary figures. This figure includes the acquired drug mail order company Mediservice. Excluding the acquisition, the increase in sales is significantly lower, as organic growth (excluding MediService) was 26 percent. Revenue from non-prescription products (Non-Rx) increased by 27 percent to 319 million euros, the company added. The number of active customers grew by 400,000 in the third quarter to now 10.5 million.

Software group Compugroup finds new chief financial officer

KOBLENZ - Software provider Compugroup, which specializes in medical practices and clinics, has found a new chief financial officer. The board of directors has appointed Daniela Hommel to the post as of March next year, the SDax company announced on Thursday. Hommel comes from the medical group Fresenius, where she was, among other things, chief financial officer of the hospital division Helios. Until she takes up her post, CEO Michael Rauch will continue to lead the financial operations at Compugroup.

Leasing specialist Grenke sees itself on course for its annual targets

BADEN-BADEN - Leasing specialist Grenke sees its new business on track to meet its annual targets. New leasing business grew by 4.5 percent year-on-year to 591 million euros in the third quarter. This was announced by the SDax group in Baden-Baden on Thursday. The operating margin of the so-called contribution margin 2 increased slightly to 16.5 percent.

IPO/ROUNDUP: Tank supplier Renk cancels Borsen IPO

AUGSBURG - The initial public offering of Augsburg-based tank transmission manufacturer Renk will not take place after all. The market environment has deteriorated noticeably in recent days, according to a company statement published late Wednesday evening, just hours before the planned IPO. The option of a stock market flotation at a later date is being examined by Renk and its owner, the investment company Triton.

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Customer note:

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

/jha