Christoph's Feed
Mar 15, 2010

Sector leader SolarWorld faces mounting margin risk

FRANKFURT (Reuters) – SolarWorld, Germany’s top solar company, will see its margins drop this year as its premium price strategy comes under attack, hurting one of the last intact investment cases in the sector.

Despite looming cuts in solar incentives in Germany — the world’s biggest market for the sector’s products — and an industry crisis caused by overcapacity and a price slump, SolarWorld is still one of the few profitable players with a good strategic position.

Mar 11, 2010

Cells CEO quits over record 2009 loss

FRANKFURT, March 11 (Reuters) – Q-Cells Chief Executive
Anton Milner quit on Thursday, taking responsibility for a
record 2009 loss and paving the way for a quicker restructuring
at the struggling solar cell maker.

“The dramatically weak 2009 figures have led to a huge loss
of confidence, above all in the capital market,” Milner, one of
the four co-founders of Q-Cells <QCEG.DE> and a former McKinsey
management consultant, said on Thursday.

Mar 9, 2010

Phoenix Solar sees Q1 ’10 up: CEO

FRANKFURT (Reuters) – Phoenix Solar, Germany’s sixth-biggest solar company, is expecting business in the ongoing first quarter to be significantly better than in the year-earlier period, the company’s chief executive told Reuters.

“The first quarter of 2010 has been going well so far and it will be significantly above the first quarter of 2009,” Andreas Haenel said in an interview on Tuesday.

Mar 3, 2010
via Events

Merkel puts on brave face for CeBIT’s future

Photo

It’s that time of year when the tech industry flocks in droves to that dreary, grey German city called Hanover to celebrate the sector, to make deals, to network and connect and to round it all off in the evenings with swanky company dos, right?

Well, that used to be.

We know that CeBIT has lost its glam factor, its lustre — even if it still claims to be the world’s No.1 tech and IT fair. And, alas, we know that the industry is increasingly shifting its focus to the much hotter trade shows in Spain and the United States.

Mar 2, 2010

Acer aims for growth in Germany in 2010

HANOVER, Germany, March 2 (Reuters) – Taiwan’s Acer Inc <2353.TW>, the world’s No.2 PC brand, aims to grow in Germany this year and is off to a good start with first-quarter sales above the 2009 period, the head of its German unit told Reuters.

“Revenues and unit sales are above last year’s level (in the first quarter) so far,” Stefan Engel said in an interview on Tuesday during the CeBIT technology fair in Hanover, without providing specific figures.

Mar 1, 2010

Software sees stable div for 2009 vs 2008

FRANKFURT, March 1 (Reuters) – German business software company Software AG <SOWG.DE> aims to keep its 2009 dividend stable compared with 2008, when it paid out 1.10 euros ($1.50) a share, its chief executive told Reuters in an interview.

“We assume that we will pay a dividend (for 2009) and we also assume that the dividend will remain stable,” Karl-Heinz Streibich said.

Feb 23, 2010

Cells gives cloudy outlook for solar market

FRANKFURT, Feb 23 (Reuters) – Q-Cells <QCEG.DE>, the world’s
fourth-biggest maker of solar cells, echoed competitors in
warning on Tuesday of an uncertain year ahead as countries cut
financial support for solar power and low-cost producers
pressure prices.

While Q-Cells is sold out for the first half of the year it
sees “unclear pricing dynamics” from July onwards, it said,
adding that it could only say of 2010 that it aims to be
profitable as prices remain so unpredictable.

Feb 12, 2010

ECB to aid EU to tackle Greece problems: Trichet

FRANKFURT (Reuters) – The European Central Bank and the European Commission will join forces to monitor Greece and to draw up “necessary additional measures” to maintain stability in the euro zone, the ECB said on Friday.

Greece has been pounded by financial markets after revealing its 2009 budget deficit was 12.7 percent of the gross domestic product, more than four times the EU ceiling of 3 percent and three times initial estimates.

Feb 11, 2010

Air France-KLM shares slump after Q4 warning

PARIS, Feb 10 (Reuters) – Air France-KLM <AIRF.PA> shares
plummeted over 10 percent on Thursday to their lowest in nearly
three months after the Franco-Dutch flag carrier’s warning of
heavy losses this quarter, blunting hopes of a sector recovery.

In a statement issued after the Paris market closed on
Wednesday, the airline said it expected another 500 million
euros ($689.6 million) or so of operating losses between January
and March, on top of worse than expected 245 million loss in the
third quarter. [ID:nLDE6192G9]

Feb 8, 2010

SAP CEO exits: should investors cheer or worry?

FRANKFURT (Reuters) – SAP <SAPG.DE> surprised markets with news Chief Executive Leo Apotheker had resigned and two board members — Bill McDermott and Jim Hagemann Snabe — were taking over as co-CEOs.

Some analysts see the new leadership team as well qualified, but others believe the abrupt change at the helm could slow down the world’s largest business software firm’s decision-making and reduce its focus on performance.

    • About Christoph

      "I'm responsible for the coverage of German renewable companies, mainly solar, at Reuters News. Previously, I have worked as a correspondent at Thomson Financial News, covering German technology and construction companies."
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